Sunday, March 04, 2012 5:00 PM jstone

How 3Ls Can Achieve "Low Debt, High Gain" (Workshop Series)

Beginning in April, the Financial Aid Office will be offering the “Low Debt, High Gain” workshop series designed to give some practical, real world advice for our 3L students as they begin their transition from Yale Law School.  And while each workshop is individual, the most benefit will come if you participate in all three because, as a series,  they have been designed to build on one another.

The workshops will be held on consecutive Mondays beginning April 2 from 12:10:-1:00 p.m. in Room 128.  We start off on April 2nd with Lori Moore, Director of Financial Literacy for the Access Group. Some of you may have loans held by the Access Group and many of you may know them as the people who brought you the Need Access financial aid application each year. Lori will kick off the  series by providing an overview of loan repayment – the various plans you as the borrower can choose from,  understanding who holds your loan and who is “servicing” it, as well as your rights and responsibilities as a borrower.  

Once Lori has brought you up to speed on loan repayment and options, it’s time to see how COAP then coordinates with your repayment plan.  On April 9th,   Associate Dean Asha Rangappa and myself will present “Coping Through COAP” which will answer all the basic questions on how COAP awards are determined, what loans are covered, how and when to make application, as well as deal with the COAP intricacies of spouses, dependents, clerkships and assets. 

Finally, now that Workshop 1 and 2 has sorted out all your loan repayment, it’s time to move onto larger fiscal  issues you will face. That’s where financial planner John Caserta comes in with his workshop on April 16th  entitled “Your Financial Future Starts Now”.  John, a Yale college alum, has been offering this workshop to YLS students for a number of years and it has always been well received.  John uses the analogy of “building your financial castle” to talk about personal spending plans, investment and insurance basics, understanding employee benefit packages and even focuses on the need to start thinking about your retirement (before you have even graduated !!!). 

Even more incentive to attend- since the workshops are at lunchtime there will be food (probably pizza) – as well as some home baked dessert treats courtesy of the Financial Aid staffs’ kitchens.

As I mentioned the workshops are designed for 3Ls getting ready to leave YLS but are absolutely open for any 1L and 2L students who wish to attend.  We also plan to record the sessions and make them available on the Financial Aid website afterward for those whose schedule might not permit participating.

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