"We found that the co-signer requirement was one of the key concerns among students when considering loans. Similarly, while many law students come to law school with a strong credit score, many do not. Many law students are younger and have not built up a credit history."
"But we trust our students. We know that our students are very successful in the marketplace, so we believe in their potential to repay these loans."
The University of Kansas and Washington University in St. Louis are introducing loan programs to help law students facing funding gaps due to new federal loan limits. The Grad PLUS loan program was eliminated, capping federal loans for professional degrees at $50,000 per year. The new programs will not require credit checks, making them accessible to students with poor credit histories. KU's program mandates a 2.0 GPA, aiming to alleviate students' concerns about traditional loan requirements.
Read at Inside Higher Ed | Higher Education News, Events and Jobs
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