Facing Down Debt
A law student was featured in a U.S. News & World Report on graduate studies and debt. Cassandra Lopez '08 almost didn't find a way to get the money she needed for her second year of law school. She'd worked, gotten a few small scholarships, and maxed out her federal Stafford loans. But she needed nearly $10,000 extra last fall to cover her second year of law school.
Luckily, the federal government came to her rescue. Last summer, it started allowing graduate students to borrow from the educational loan program known as PLUS. After UC Davis told Lopez of the change, she quickly got a Grad PLUS loan at 7.9 percent. She's grateful for the break but still angry she'll be forced to borrow as much as $100,000 by graduation. Payments will be at least $1,000 a month, she says, threatening her dream of serving the poor as a public interest lawyer.
U.S. News & World Report/March 4, 2007
UC Davis News & Information
See Davis Law School Expands Loan Repayment Program
Luckily, the federal government came to her rescue. Last summer, it started allowing graduate students to borrow from the educational loan program known as PLUS. After UC Davis told Lopez of the change, she quickly got a Grad PLUS loan at 7.9 percent. She's grateful for the break but still angry she'll be forced to borrow as much as $100,000 by graduation. Payments will be at least $1,000 a month, she says, threatening her dream of serving the poor as a public interest lawyer.
U.S. News & World Report/March 4, 2007
UC Davis News & Information
See Davis Law School Expands Loan Repayment Program