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The graduate Law School Loan allows you to further support your total law school education expense. If you have attained your federal loan limit but need an additional graduate student loan, or if you aren't eligible for federal funding, the Graduate Law Loan can help.
Loan Terms:
For the Graduate Law Loan, the borrower can take up to the total education cost minus any financial aid received. The amount request must be certified by the school enrolled at.
For borrowers with no cosigner, the aggregate education loan limit is $150,000. For borrowers with a cosigner, the Graduate Law Loans will cover the total education expense minus any other aid.
Eligibility:
For the Graduate Law Loan, you must have no outstanding student loans and be a permanent resident or U.S. citizen. A credit check may be required and you are required to enroll in an ABA-accredited college or university at least half time.
It is suggested that borrowers would apply for Stafford and Grad PLUS student loans before looking for additional financing.
Interest Rates:
The Graduate Law Loan carries an interest rate that can reach as low as Prime – 0.75% with good to great credit. Interest rates are typically variable and fluctuate monthly.
Repayment:
For the Graduate Law Loan, repayment options are flexible and include standard, graduated, and extended repayment plans.
Additional graduate student loans:
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