Applying for Private Educational Loans
If you need more financial assistance than the Federal Stafford Loan, you may choose to apply for a private educational loan. Approval of private loans is dependent upon the applicant's satisfactory credit history.
Many student loan providers offer private loans. The following products are from reputable companies that also offer Bar study loans. You should examine the information that follows to choose the best loan product for your needs. When applying for a private loan, please indicate the total amount you wish to borrow for the year. The loan will be delivered in two disbursements, one at the beginning of each semester. Please keep in mind that these are only a few of many options. We will happily process any private loan that you wish to pursue.
Please note that terms offered by individual lenders are subject to change. Please check directly with the lender to verify these details.
| Citibank
CitiAssist Law Loan |
Access Group/Campus Door Private Loan | Key Law Achiever Loan | |
|
Maximum Loan Amount |
Cost of attendance minus any other financial aid | Cost of attendance minus any other financial aid | Cost of attendance minus any other financial aid |
|
Minimum Loan Amount |
None | $500 | $500 |
|
Interest Rate |
Prime -0.5%,+ 0.5%, +1.%, +2%, +3% or +4% dependant upon credit rating at time of application | Prime -0.5%, +3.9%, +4.9%, 5.9%, or 7.9% dependant upon credit rating at time of application | 3-month LIBOR + 3%-7.75%, dependant upon credit rating at time of application |
|
Fees Added at Disbursement |
None | 0%-9% dependant on credit rating at time of application | Fees, if any, are determined at time of application |
|
Fees Added to Principal at Repayment |
None | None | Fees, if any, are determined at time of application |
| When Repayment Begins | 9 months after graduation | 12 months after graduation | 9 months after graduation |
| Standard Repayment Term | 20 years | 25 years | Option for 10 years, 15 years, or 25 years |
| Repayment Incentives |
0.5% interest rate reduction after 48 on-time payments. 0.25% interest rate reduction for auto-debit of payment | Interest rate reduction after 48 on-time payments. Interest rate reduction for auto-debit of payment | 0.25% interest rate reduction for auto-debit of payment |
| How to Apply | Apply on-line at http://www.studentloan.com/law or call 1-800-394-7035 |
Apply on-line at http://www.accessgroup.org or call 1-800-282-1550 | Apply on-line at http://www.key.com/law or call 1-800-KEY-LEND |
