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.
