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- In May, the House passed the budget reconciliation bill, which is currently under consideration by the Senate, with proposed annual caps ranging from $50,000 to about $77,000 and aggregate borrowing caps of $150,000 to $200,000 for professional degrees.
- The proposed cap would require students who hit the limit to turn to private loans to cover additional costs, which could mean higher interest rates for borrowers. Education experts say the cap would disproportionately affect students in high-cost programs like law and medical degrees.
- Data from AccessLex Institute shows law students on average borrowed $146,800 in 2020, the highest outside of medical degree programs. The percentage of law students who took out loans for law school was 76%, up from 71% four years earlier.
- Proponents of loan caps argue the current system has incentivized colleges and universities to increase tuition and has made it too easy for students to enroll in programs with low employment outcomes at taxpayers' expense, leaving graduates with decades of student loan repayments.
- The cap would be felt most deeply at low-ranked and unranked law schools because some students will struggle to secure private loans, said AccessLex President Chris Chapman. Private loan providers are likely to assess applicants' grades, scholarships, job prospects, and finances, potentially denying loans to those considered too risky.
- Ronald Weich, dean of Seton Hall University School of Law, warned that loan caps could reduce racial and socioeconomic diversity among law students, making the profession less inclusive. Learn more.
| - U.S. Supreme Court is expected to issue orders in pending appeals.
- Verizon Wireless will defend against allegations from patent holder Headwater Research that the wireless company infringes patents related to wireless communications technology. Headwater won a $278.7 million verdict against Samsung in a related case in April.
- U.S. District Judge P. Kevin Castel in Manhattan will hold an initial conference in the DOJ's challenge to a 2024 New York state law requiring fossil fuel companies to contribute $75 billion over 25 years into a fund that will pay for damage caused by climate change. A similar lawsuit was filed by 22 U.S. states.
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Court calendars are subject to last-minute docket changes. |
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"The government generally may not target a business or industry through stringent and allegedly unlawful regulation, and then evade the resulting lawsuits by claiming that the targets of its regulation should be locked out of court as unaffected bystanders."
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When the U.S. Supreme Court earlier this year agreed to take up medical testing company Laboratory Corporation of America's appeal of a class certification order, it was one of the buzziest cases of the term, with the potential to upend class action litigation. What we got instead was … nothing. The high court earlier this month dismissed the case as improvidently granted. In On the Case, Jenna Greene takes a look at how the appeal unspooled and what it reveals about when and why the court DIGs a case. |
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Erin Mindoro Ezra, Heather Whitmore and Mallory Yumol Schorr of Berger Kahn examine best practices for insuring wedding mishaps and contingencies. Read today's Attorney Analysis. |
Correction: Friday's Daily Docket incorrectly stated the date of the U.S. Supreme Court's transgender rights ruling. The court decided the case on June 18. |
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Additional writing by Shruthi Krishnamurthy. |
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