It's a Stretch, But Law Students Could Get Subsidized Loans Again
Subsidized government loans for graduate students became a casualty of the 2011 debt ceiling crisis, but law school proponents are pushing to resurrect them with the help of sympathetic lawmakers.
June 30, 2017 at 11:16 AM
10 minute read
Subsidized government loans for graduate students became a casualty of the 2011 debt ceiling crisis, but law school proponents are pushing to resurrect them with the help of sympathetic lawmakers.
Bringing back subsidized Stafford loans would knock about $4,000 off the initial federal loan bills that typical law student graduates with and save them even more over the life of those loans, according to Chris Chapman, president of AccessLex Institute.
The institute, a non-profit advocate for legal education that used to provide student loans under the name Access Group, is enlisting law schools and law student allies to lobby for the restoration of subsidized student loans in Washington. With subsidized loans, students don't accrue interest while in school or during a six-month post-graduate grace period.
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