| Loan Program/Lender |
Borrower Eligibility |
Loan Limits |
Fees/Interest Rates |
Repayment Terms |
Other Features |
LawAchiever Loan®
Key Education Resources®
745 Atlantic Avenue
Suite 300
Boston, MA 02111-2735
1-800-539-5363
(1-800-KEY-LEND)
www.Key.com/educate/grad
|
Creditworthy student enrolled at least
half-time.
Must be a U.S. citizen, national, permanent resident or
eligible non-citizen.
Must be making satisfactory academic progress.
|
Maximum: Cost of attendance less other
financial aid.
Minimum: $500.
Aggregate: $150,000.
|
Loan fees: $0.
In-school interest rate is a variable rate adjusted
quarterly based on the 3-month LIBOR plus 2.65%.
Interest rate during repayment is based on the term chosen.
10 year term = 3-month LIBOR +
3.00%,
15 year term = 3-month LIBOR +
3.40%,
25 year term = 3-month LIBOR +
4.10%.
|
9 month grace period after borrower ceases
half-time enrollment.
Borrowers have 3 repayment periods to choose from. Each
month, borrowers have the option of choosing payment tied to
10, 15, or 25-year repayment period.
.25% rate reduction for auto debit.
Select 2 Option: Interest only payments for the first two
years available.
|
Apply by phone:
1-800-539-5363
(1-800-KEY-LEND)
Or online:
Key.com/shulaw
Quick credit decision available online. Deferment and
forbearance options may be available. No prepayment penalty.
LawAchiever BarLoan® available during final year of study.
|
Law Access Loan
Access Group
P.O. Box 7400
Wilmington, DE
19803-0400
1-800-282-1550
www.accessgroup.org
|
Creditworthy student enrolled at least
half-time. Must be a U.S. citizen or eligible non-citizen.
Must be in good academic standing.
International students may apply for the Comprehensive
Access Loan.
|
Maximum: Cost of attendance less other
financial aid.
Minimum: $1,000.
Aggregate: None.
|
Loan fees: $0.
Interest Rate (Based on credit history): As low as 3-month
LIBOR +2.75% for those with the best credit history. Most
other borrowers = 3-month LIBOR +3.95%. Those with marginal
credit history = 3-month LIBOR + 6.45%.
|
9 month grace period after borrower ceases
half-time enrollment.
Up to 20 years to repay. No prepayment penalty. Flexible
repayment plans that may include Interest-only repayment for
the first 2 years.
.25% interest rate reduction for automatic payments and .50%
interest rate reduction after 48 consecutive on-time
payments.
|
Apply by phone:
1-800-282-1550
Or online:
accessgroup.org
Quick credit decision available. Deferment and forbearance
options may be available. No prepayment penalty.
Bar Examination Loan available during final year of study.
|
LAWLOANS Private Loan
Sallie Mae
P.O. Box 59030
Panama City, FL
32412-9030
1-800-984-0190
www.salliemae.com/apply/
borrowing/lawloans.html
|
Creditworthy student enrolled at least
half-time.
Must be a U.S. citizen or eligible non-citizen.
International students eligible with a US citizen or
non-citizen permanent resident cosigner.
|
Maximum: Cost of attendance less other
financial aid.
Minimum: $500.
Aggregate: None with a co-borrower, $150,000 without a
co-borrower.
|
Disbursement Fee: $0
Repayment Fees: Range from 0% to 5%
Interest Rates are tiered, based on your credit, and are as
low as Prime + 0% (when the student borrower and the
co-signer are credit –worthy.) |
9 month grace period after borrower ceases
half-time enrollment.
Up to 15 years to repay. Eligible borrowers may apply for a
lengthened repayment term of up to 25 years. |
Apply by phone, fax, mail or online:
www.salliemae.com/apply/ borrowing/lawloans.html. Must
apply for a Federal Stafford loan before applying for
LAWLOAN. (International students excepted).
LAWLOANS Bar Study Loan available during final year of
study.
|
New Jersey Class Loan NJHESAA
P.O. Box 538
Trenton, NJ 08625
1-800-792-8670
www.hesaa.org/shulaw
|
Must have satisfactory credit history.
No income or employment requirements.
Must be enrolled at least half-time.
Must be a U.S. citizen or eligible non-citizen.
Must be making satisfactory academic progress.
|
Maximum: Cost of attendance less other
financial aid.
Minimum: $500.
Aggregate: None.
|
Administrative Fee: 2%.
Fixed interest rate for all borrowers
6.5% (6.0% for auto-debit payments)
6.8% (deferred repayment).
|
Variable rate: Up to 25 years to repay.
Option 1: Pay principal and interest monthly. Option 2:
Defer principal and pay interest quarterly. Option 3:
Principal and interest deferred while enrolled.
|
Apply online at
www.hesaa.org/shulaw. Borrower
must first complete the financial aid process and have their
eligibility determined for Federal Stafford loans.
No prepayment penalty.
|
| Federal Graduate PLUS Loan |
Applicants must not have adverse credit
history. The credit score is not used in determining
eligibility. |
Cost of Attendance less other financial
aid. Aggregate: None |
3% Origination Fee, may be subject to a 1%
guarantee/insurance fee Fixed interest rate of 8.5% |
No grace period. Automatic in-school
deferment. 10-year standard repayment term. |
Permitted in the Federal Loan Consolidation
program. Students must submit a FAFSA. Contact the Financial
Aid Office to apply. |
