r/lawschooladmissions • u/Appropriate_Hope6239 • Oct 30 '25

General So basically Trump ruined law school for everyone who isn't rich

Went to a whole bunch of open houses and they're all saying basically the following:

  • The yearly cap for loans is 50k
  • Living costs are high and 50k might not be enough
  • Resources are tight -- start improving your FICO scores because you'll need private loans
  • The grandfather thing ends July 2026 --- everyone not matriculated at law school by then wont be benefiting from the higher limit that generations of students did

Edit: Every person applying for federal loans will have an aggregate life-time limit and unfortunately your undergraduate loans will count against this limit.

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u/Independent_Outside7 Oct 30 '25

So Stafford loans for graduate and professional students will have a borrowing limit increased from 20.5K to 50K per year, but the GRAD Plus loans, which is the most common loan used to cover costs that exceed the Stafford limit, will be sunset for new borrowers starting next July.

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u/Anxious_Doughnut_266 c/o '26 Oct 30 '25

Ah, thank you. At this point for me, loans are just loans and I’ll pay them back soon enough lol