ABA and AccessLex Institute report looks at the impact of student loan debt on young lawyers
ABA JOURNAL — A survey released Tuesday asked young attorneys if their legal education was worth the cost, and fewer than half said yes. However, 60.9% of respondents said that if they had to do it over, they would still attend law school.
Read More about ABA and AccessLex Institute report looks at the impact of student loan debt on young lawyersStudies look at return on investment for college degree programs
INSIDE HIGHER ED — Students pursuing a college degree generally have a sense of where their institution ranks in comparison to others, but not necessarily how their particular course of study measures up. Now they can find out. Using data from the latest College Scorecard, two new studies look much more granularly at how specific programs…
Read More about Studies look at return on investment for college degree programsMajority of undergraduate college students receive federal aid to pay tuition
INSIDE HIGHER ED — Around 60 percent of undergraduates used some form of federal financial aid to pay for their postsecondary education during the 2017-18 academic year, according to the latest data released by the National Center for Education Statistics.
Read More about Majority of undergraduate college students receive federal aid to pay tuitionABA legal education section to publish student loan data as part of required law school disclosures
ABA JOURNAL — Starting with the 2023-2024 school year, law schools’ Standard 509 Information Reports will include information about the number of students who receive student loans, and the data will be categorized by race, ethnicity and gender.
Read More about ABA legal education section to publish student loan data as part of required law school disclosuresFederal judge denies Florida Coastal Law’s motion to reinstate student loan eligibility
NEWS4JAX — Florida Coastal School of Law’s hopes of staying open suffered a setback Monday when a federal judge denied a motion for a court order restoring its eligibility for federal funding.
Read More about Federal judge denies Florida Coastal Law’s motion to reinstate student loan eligibilityUS Department of Education approves cancellation of student loans for more than 300,000 borrowers with disabilities
NBC BOSTON — The Department of Education announced Thursday that it will automatically cancel about $5.8 billion worth of federal student loans for over 323,000 borrowers with severe disabilities.
Read More about US Department of Education approves cancellation of student loans for more than 300,000 borrowers with disabilitiesBorrowers win case to allow discharge of private student loans in bankruptcy
BLOOMBERG LAW — The U.S. Court of Appeals for the Second Circuit, siding with a student debtor, July 15 ruled that a private, direct-to-consumer loan fell outside the scope bankruptcy law’s definition of a “student loan” and can be wiped out in bankruptcy. The loan in question exceeded the cost of tuition and was issued directly…
Read More about Borrowers win case to allow discharge of private student loans in bankruptcyWhite House extends federal student loan payment freeze until January 2022
CNBC — The Biden administration announced Friday it will extend the payment pause for federal student loan borrowers through January 2022.
Read More about White House extends federal student loan payment freeze until January 2022Bipartisan bill proposed to allow for the discharge of federal student loans in bankruptcy after a wait
ABA Journal — A bipartisan bill unveiled Tuesday would make it easier to discharge federal student loans in bankruptcy after a 10-year waiting period. The bill is called the Fresh Start Through Bankruptcy Act of 2021
Read More about Bipartisan bill proposed to allow for the discharge of federal student loans in bankruptcy after a waitHarvard Law summer contribution policy affects need-based financial aid for students during the pandemic
WBUR NEWS — Surviving the pandemic was stressful for Harvard Law School student Stacey Menjivar and her family. Her parents took a huge financial hit when everything shut down last year.
Read More about Harvard Law summer contribution policy affects need-based financial aid for students during the pandemic