Other Student Loan Programs - Supplemental Sources of Financial Aid

Each listing has its own criteria but deadline dates, selection conditions, application processes, and other details change more quickly than we can update this page. Please contact each individual source for complete, up-to-date details

William D. Ford Federal Direct Loan Program:

• Federal Direct Subsidized Stafford Loan Program
  Subsidized Stafford loans are need-based, federally insured loans, currently available in amounts of up to $8,500 per academic year. The interest rate is 6.8% fixed for loans that disbursed after July 1st, 2006. Loans that disbursed before July 1st, 2006, that have not been consolidated are accruing interest at a variable rate that is adjusted annually, with a cap of 8.25%. The federal government pays the interest as long as the student is enrolled at least half-time. Repayment begins 6 months after the student leaves school or is enrolled less than half-time. Application is completed directly with the Financial Aid Office.
• Federal Direct Unsubsidized Stafford Loan Program
  The interest rate on the unsubsidized Stafford loan is identical to that of the subsidized Stafford loan, but the interest accrued is the responsibility of the student rather than the federal government. Unpaid interest is capitalized and added to the principal.
  
  The combined total of the subsidized and unsubsidized loans can not exceed $20,500 per academic year. Application is completed directly with the Financial Aid Office.

Alternative Loans targeted at law students are available from several entities, including the Department of Education Grad PLUS Program, Access Group, MI Loan, and CitiAssist. Typically, students must have a good credit history to be eligible for alternative loans. Alternative loans may be used to replace an expected parental ability-to-pay figure. Applications for these loans are available in the Financial Aid Office or can be obtained from your chosen lender. The loan comparison chart/FAQ [PDF] provides a sample list of alternative loan providers. 

[Back to the Top]