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New Loan Limits and Responses

As student loan caps go into effect, we are seeing media coverage over the way some law schools are responding. A story yesterday on this issue from Bloomberg Law:

Students pursuing graduate or professional degrees previously were able to borrow up to the full cost of attendance through federal loans. Uncapped loans were eliminated by the GOP-led tax and spending bill and went into effect July 1. Prospective law students — some with bad credit, no credit, or no qualified co-signer — now must grapple with expensive private loans to finance part of their degrees, which could change their calculation about which school to attend.

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A handful of schools are taking action now, ensuring that students impacted by the borrowing cap will have options.

Christina Lee, Law Schools Step Up Aid to Cover Gaps as Loan Limits Take Effect, Bloomberg Law, July 28, 2026. For related discussion, see States Step Up as Federal Loan Caps Go Into Effect, The Feed, July 24, 2026; Shaun Ossei-Owusu, Student Loan Caps Harm Public Interest Bar — and Those They Serve, Bloomberg Law, July 28, 2026.


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