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According to U.S. News, in the article “Proposed Student Loan Changes May Deter Law Applicants”,  there is a proposal before Congress to eliminate the Public Service Loan Forgiveness program. Under the program students who work in public service after graduation are entitled to have their student loans forgiven after making income-based payments for 10 years. This is a big deal when you consider that most law students, for example, have debt that exceed $200,000 upon graduation.The elimination of the program may make graduate school too costly for many law and other graduate students who plan to become teachers, counselors and other professionals.

If the proposal to overhaul the federal student loan program is passed by Congress, it may hit law students the hardest because “law students overwhelming rely on federal loans to finance their legal education, and the proposed changes could make it more costly to attend law school.”  The proposed changes would also place a cap on the amount one could borrow.

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