Will financial advisers help a new grad with no assets to plan a way out of student loan debt? Who i

I am graduating from law school, and, contrary to what everyone says, most lawyers don%26#039;t make a lot of money. I have about $150,000 in student loans, and they are all over the place. Some are subsidized government loans with low, fixed interest rates. Some are private loans with high variable rates. I need to figure out which loans should be consolidated, how to get low monthly payments, and when I should start saving.

My question is: which financial advisers are the best for helping to get out of debt? Is there anyone who specializes in student loans?

Answers relevant to Cleveland, Ohio would be nice, but not necessary if it%26#039;s a big, national firm.

Will financial advisers help a new grad with no assets to plan a way out of student loan debt? Who is best?

Most financial advisors specialize in growing your assets and planning how much you need to invest to reach certain goals. It sounds like you need advice on debt management and budgeting.

Check out some articles on CNN Money%26#039;s website, personal finance. There are articles under %26quot;Money 101%26quot; that give you good advice on money management. Because you have debt instead of assets, a financial advisor would charge you roughly $2,500 per year to give you advice that you can figure out yourself.

Also, feel free to ask questions on this site. There are plenty of advisors like myself that will answer quick questions for you for free.

Will financial advisers help a new grad with no assets to plan a way out of student loan debt? Who is best?

The student loan companies should be able to give you information on consolidating subsized loans. I%26#039;m not sure about the private loans.

Will financial advisers help a new grad with no assets to plan a way out of student loan debt? Who is best?

Financial advisers are available at hourly rates like some other occupations. Also, they will screw you just like other occupations.

Be careful of conflicts of the adviser. In other words, he/she may work for ABC Financial Advisers and try to sell you securities thru their BAC Company they may be worried about making more money for themselves. You need someone that has YOUR best interest at heart, not their own.

Check around with successful friends and acquaintances to get advice on the best adviser. Also, look up financial advisers on the Internet just to get an idea of the different levels. i.e. CFP (Certified Financial Planner), etc.

Best of luck

RS