Law School Loan Program for Law Students

Your Law School financial aid award package will tell you what types of education loans you are eligible to accept, including federal education loans. If you have remaining unmet financial need, you may need "alternative" law school loans to cover all your expenses. Your school's financial aid office can help you determine which programs are right for your unique situation.

Federal Stafford Loan for Law School

• Learn more about Stafford loans for law school by visiting Graduate Stafford Loan information section or you can
• Apply Online - Federal Stafford Loan Application

Graduate Private Alternative Law School Loans

When scholarships and Federal loans are not enough, the GradLoans Alternative Student Loan for Law Students is here to bridge the gap of the cost of your education. Specially created for graduate students and families with unmet financial need, our goal is to make education possible!

• Fast online approvals
• Low interest rates and fees
• High approval rating
• High annual maximums
• A variety of repayment options (immediate, interest only, or full deferment until you leave school)
• No application fee or out-of-pocket expenses
• You can use this loan to cover any education related expenses, including transportation, computers, books and room and board
• 24/7 online account status access

How do I qualify for GradLoans Law School Loans?

• You must be a U.S. Citizen or Permanent resident with a valid permanent-resident card
• An international student, applying with a U.S. citizen or permanent resident Co-Borrower
• An international student with a U.S. citizen or permanent resident applying on your behalf.
• Be at least 18 years old, or the age of majority in your state;
• Be enrolled at least half time at an eligible institution;
• Meet our criteria for creditworthiness. If you do not meet our criteria, please consider applying with a creditworthy co-borrower.

How much can I borrow for law school?

• Annual minimum of $1,500
• Annual maximum of the lesser of $70,000 or cost of attendance minus other aid

Degree Program	Cumulative Loan Limit	Limits for each Academic Year
Law School Loan	$1,500 - $130,000	Cost of Attendance Minus other Aid
Law Bar Exam Loan	$1,500 - $15,000	One time loan

What is my interest rate going to be?

In School Rates as low as

• LIBOR + 3.75% (Immediate Interest and Principal Repayment)
• LIBOR + 3.75% (Immediate Interest and Deferred Principal Repayment)
• LIBOR + 4.15% (Both Deferred Interest and Principal Repayment)

Repayment Rates as low as

• LIBOR + 4.30% (Immediate Interest and Principal Repayment)
• LIBOR + 4.40% (Immediate Interest and Deferred Principal Repayment)
• LIBOR + 4.50% (Both Deferred Interest and Principal Repayment)

Choose your reward!

• .25% interest rate reduction if you choose to have your loan payment automatically deducted from your bank account or if you make 48 consecutive on-time payments

What else sets the GradLoans Alternative Student Loan for Law Students apart from the rest?

• Low minimum monthly payment of $50
• Full deferment and forbearance options available while in school, working towards a residency or internship, unemployed or experiencing an economic hardship, serving in the military or needing an administrative forbearance
• 6 month grace period before repayment begins
• Fees as low as 0%
• 15 year repayment term

Annual Percentage Rate (APR) and Repayment Example:

If you borrowed $10,000 in a single installment, the 3 month LIBOR remained constant at 3.42% and you had a 24-month combined in-school and 6 month grace period with a 180-month repayment period, your possible APR and repayment schedules are shown below. Your annual percentage rate may increase or decrease after consummation.

Repayment Option	Origination Fee	APR	In School & Grace Period	Repayment Period
Immediate Interest and Principal Repayment	0%	6.24%	30 payments of $84.39	150 payments of $86.13
Immediate Interest and Deferred Principal Repayment	0%	6.26%	30 payments of $50.00	180 payments of $86.43
Both Deferred Interest and Principal Repayment	3%	6.60%	30 payments of $0.00	180 payments of $103.40

Graduate Loan Applications for Law School
877-328-1565