A panel of five New York judges has denied one applicant's admission to the NY bar because he accumulated, with interest, $480,000 in student loans:
Mind how you handle your student loans aspiring lawyers, or you could find your debt hurting more than your bank accounts. Loans could derail your career before it can start.
That is the message in a decision by a panel of five New York judges denying one would-be lawyer, Robert Bowman, admission to the bar because his debt approached half a million dollars.
“His application demonstrates a course of action amounting to neglect of financial responsibilities with respect to the student loans he has accumulated since 1983,” the judges wrote in a decision issued late last week.
NY Times, 11/26/09. The NY Times article notes that the panel's decision overrules the NY courts' Committee on Character and Fitness that "strongly recommended" that the applicant be admitted to the bar. The 2-page decision (available via link in the NY Times article) states the applicant amassed Sallie Mae and private loans totaling approximately $480,000, with interest.
Granted, even with interest, $480,000 is a lot of student loans. But with tuition over $40,000 a year at many top law schools, it doesn't seem right that debt alone should disqualify someone from a state bar. The NY courts' decision wrongly equates debt with moral character, in my opinion. What are the chances he pays back his debts without a law license?