Direct Unsubsidized: The Department of Education gives all eligible graduate students (U.S. Citizens and Permanent Residents) access to $20,500 in unsubsidized loan funds. This unsubsidized loan accrues interest at the 6.6% rate. Students must fill out the Free Application for Student Aid (FAFSA) to receive federal student loans. Most students supplement Direct Unsubsidized loans with Direct PLUS and Perkins loans. The Law School's FAFSA code is 001774.
Direct PLUS: Direct PLUS loans are used to cover the difference between the cost of attendance and other forms of financial aid that you have received. The interest rate for a Direct PLUS loan is 7.6%. Direct PLUS loans are credit-based loans and will not be made to students who have an adverse credit history. Students should check their credit ratings at the credit reporting agencies (Experian, Equifax and Trans Union) and correct any errors in their credit history. Students with an adverse credit history may be able to borrow an alternative loan with a credit-worthy cosignor.
Alternative Loans: Alternative loans are non-Federal loans and should be used as a last resort. Approval for an alternative loan is contingent upon your credit rating. A loan request may be denied if there’s an adverse credit rating. If this happens, it’s recommended that you to contact the lender to appeal the decision or reapply with a cosigner. For those interested in participating in our LRAP, please note that alternative loans are not eligible.
For lender information and other questions regarding the applying for loans, please visit Graduate Financial Aid's Loans section.