X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Money

Several major legal education organizations and 10 stand-alone law schools received forgivable emergency loans of $150,000 or more from the Small Business Administration, newly released data show.

Those Paycheck Protection Program loans were among the $350 billion allocated by Congress in March to assist businesses struggling amid the COVID-19 outbreak. The Law School Admission Council received the largest loan among legal education entities, listed between $5 million and $10 million. (The data released by the SBA provides only ranges for loan amounts, and not the precise figure for each recipient.) Council president Kellye Testy said Tuesday that it had received a $5.3 million loan. The council, which creates and administers the Law School Admission Test and maintains a centralized application system for law schools, used the funds to help develop the LSAT-Flex, a shorter, online version of the admissions test that debuted in June after all in-person LSATs were canceled due to COVID-19.

Want to continue reading?
Become a Free ALM Digital Reader.

Benefits of a Digital Membership:

  • Free access to 3 articles* every 30 days
  • Access to the entire ALM network of websites
  • Unlimited access to the ALM suite of newsletters
  • Build custom alerts on any search topic of your choosing
  • Search by a wide range of topics

*May exclude premium content
Already have an account?

Karen Sloan

Karen Sloan is the Legal Education Editor and Senior Writer at ALM. Contact her at [email protected] On Twitter: @KarenSloanNLJ Sign up for Ahead of the Curve—her weekly email update on trends and innovation in legal education—here: https://www.law.com/briefings/ahead-of-the-curve/

More from this author

 

Law Firm Hiring - By School

Find out where graduates from top law schools are starting their careers, and their penetration rate into the Am Law 200. Log into Legal Compass or start your free trial today.

Get More Information
 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.