Are Graduate PLUS Loans the best way to borrow for law school?

There is a great debate in the legal and financial aid community.  Is it a good idea to borrow money for law school?  How much is too much?  When is law school a mistake? To be clear, this analysis is critical and should be considered by any perspective law student, but there is a downside.  The question often lost in the noise is how to borrow for law school. Students who make the decision to borrow money for law school need to be very careful about where they source these funds.  Mistakes can turn a financial hardship into a hopeless situation. Graduate PLUS Loan basics A Graduate PLUS Loan is a federal student loan that is provided to students who complete the FAFSA.  The advantage to a Graduate PLUS loan is that students are able to borrow up to the full cost of attendance.  The disadvantages to the Grad PLUS loans are the rates and fees. At present, interest rates on a Graduate PLUS loan start at 7.6%.  Making things…

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