ABA Journal, Planning to Attend Law School? New Student Loan Restrictions May Affect the Decision:
Financing law school will become more difficult for many students as a result of federal loan restrictions in the budget megabill signed by President Donald Trump on July 4.
Law.com has the story on the changes, which begin July 1, 2026. The bill caps unsubsidized federal loans to law students and other professional students at $50,000 a year and $200,000 in a lifetime, the article explains. … Annual tuition is above $50,000 at 33 of 50 law schools on Law.com’s list of 2025 Go-To Law Schools. …
The changes may force some law students to apply for private loans with more stringent requirements and higher interest rates and fees.
Prior TaxProf Blog coverage:
- AccessLex, The Impact of Capping Graduate Loans on Law Students
- Chronicle of Higher Education, Free-Standing Law Schools Would Be Most Impacted By Republican Proposal To Eliminate Grad PLUS Loans
- Steven Chung (Tax Attorney, Los Angeles), The Impact Of The One Big Beautiful Bill Act's Federal Student Loan Limits On Law Schools
- Law.com, More On The Impact Of The New Federal Student Loan Limits On Law Schools
- Derek Muller (Notre Dame), Law Schools Are Unprepared For A Likely Coming Cap On Federal Student Loans
- Reuters, Closure Of U.S. Department Of Education Imperils Law School Finances, Deans Say
- Reuters, Proposed Law Student Loan Caps Could Hit Minorities, Low-Ranked Law Schools The Hardest
- Jeff Sovern (Maryland), The Impact Of A $150,000 Cap On Government Loans For Law Students
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