ABA Journal, Finalized Student Loan Limits Will Impact Law Students, Law Schools and the Legal Profession:
Regulations that limit the amount of federal loans available to “professional” advanced degrees such as law were finalized Thursday by the U.S. Department of Education, potentially limiting access to legal education in ways that could impact law students, law schools and the legal profession.
Reuters, Some Law Students Enroll Early to Beat the Federal Loan Clock:
A small number of U.S. law schools allow new students to kick off their studies in May or June, before the traditional fall first semester. Demand is up this year as students look to beat a cap on federal loan amounts that goes into effect July 1, according to interviews with administrators at five law schools.
At least two schools — Stetson University College of Law and Rutgers Law School — created summer start options expressly to enable new students to take advantage of the current student loan system. New students who take out federal loans before July are grandfathered into the expiring loan program for the remainder of their studies under final U.S. Department of Education regulations released Thursday.
- Press Release, U.S. Department of Education Finalizes Landmark Rule to Lower College Costs and Simplify Student Loan Repayment
- Inside Higher Ed, Should Graduate Students Start Early to Access Grad PLUS Loans?
- Inside Higher Ed, ED Rejects Call to Expand Access to Higher Graduate Loan Caps
- Inside Higher Ed, Impact of New Grad Loan Caps on Institutions and Programs in 5 Charts
- Inside Higher Ed, Graduate Loan Limits Finalized, but Litigation Looms
Editor’s Note: If you would like to receive a daily email with links to legal education posts on TaxProf Blog, email me here.
