Law.com, AccessLex Launches Tool to Help Law Students Navigate Private Lending:

With new student loan caps coming into place on July 1, AccessLex Institute launched the AccessLex Private Loan Exchange to assist law schools and students with private lending, the organization announced Thursday (press release).

The administration’s One Big Beautiful Bill Act, which passed last summer, designates student loan caps and the elimination of federal graduate and professional Direct PLUS loans.

The act decrees that professional students, which include law students, will be limited to borrowing a maximum of $50,000 per year in unsubsidized loans, with a lifetime cap of $200,000, while graduate students will be limited to $20,500 per year and $100,000 annually.

As a result, more law students are expected to turn to private lending to help bridge remaining financing gaps, so AccessLex wants to help students gather clear and reliable information about private loan options, according to its announcement.

The goal of AccessLex’s Exchange is to “help students navigate the private loan marketplace with clearer information and greater confidence,” as students can review and compare private loan information, including state-based lenders, from the webpage, according to AccessLex’s announcement.

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