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Teria Thornton

Teria Thornton

Director of Pre-Law and Diversity Initiatives at AccessLex Institute; J.D., Accredited Financial Counselor (AFC®), Certified Diversity Professional (CDP®)

Jun 22, 2026

10:23
And if [laughs] you are doing certain types of work, that may feel like you're gonna bankrupt yourself.
10:28
Right.
10:29
So I do want to say that there are different populations, right? So those who have borrowed prior to July 1st of 2026, there are still some, I guess, legacy plans that will be available to those students, right? So if we're talking about those who are going into law school starting this upcoming fall and those moving forward, there is still options out there that hopefully can meet your budget and what you can afford, and one of them does include an income-driven repayment plan.
10:57
There used to be so many of them to choose from, and it was so confusing on which one might be better.
11:03
They are going down to one income-driven repayment plan, but it still will remain an option for those.
11:11
It is referred to as RAP is the acronym.
11:13
It's the Repayment Assistance Plan.
14:03
most law students do not, what does the financing puzzle look like under these new rules? What is kind of on the platter, I guess?

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