Managing Law School Debt: Make a Plan, Take Control, and Shake that Looming Dread

  • 25 juin 2024
  • Emily OKeefe

This article orginally appeared in JUST. magazine.

As law students and young lawyers, the phrase “student debt” may loom large over your future and consistently be in the back of your mind, a steady thrum that you simply cannot silence. Perhaps the thought of dealing with your law school and, potentially, undergraduate debt, causes you anxiety or maybe you simply do not know where to begin. The first step? Talking about it.

Each year, the Ontario Bar Association hosts their “Call Forward Series,” a round-up of speakers and professionals, all invited to discuss different topics that are of pressing concern to law students, articling students, and young lawyers. This year, I was honoured to be invited as speaker, alongside Karen Sill of Lawyers Financial, for the fifth session of the year, “Managing Law School Debt and Financial Planning.”

Early on in her presentation, Karen Sill shared some thought-provoking and somewhat sobering statistics. It may not surprise you that the number one cause of stress for Canadians is money and that 48 per cent of Canadians lose sleep over financial worries. If you find yourself nodding along with these statistics, you are not alone.