The Credit Crisis and Law School Loans: Take One

From: The Wall Street Journal, October 2, 2008

On Monday, in a move that left colleges scrambling, Wachovia said it was limiting the access of nearly 1,000 colleges to $9.3 billion the bank has held for them in a short-term investment fund.

So what’s next for loan-seeking law students? The NLJ reports that, while the credit crisis won’t eliminate the type of government-backed loans that many laws students rely on to finance their educations – presumably, those subsidized and unsubsidized government loans that, in our day, amounted to about $18,500 per year – the price of private loans is likely to go up…

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