Consolidating law school student loans
Applicants were approved and backed by federal programs, but funds were administered by private banks and credit unions. Law students benefit from a graduate school loan initiative that is part of the William D. Graduate-level applicants, and professional degree candidates are eligible to apply for PLUS Loans, which are applied to law school tuition, fees and related expenses.
The program serves parents of undergraduates, who borrow to supplement their children’s own financial aid efforts, and independent degree candidates studying law and other graduate subjects.
As with all federally-backed financial aid, PLUS loans are administered with the help of a standardized application for financial aid.
The Free Application for Federal Student Aid (FAFSA) is the only accepted request for federal student assistance, so undergraduates and graduate-level law school students each file timely FAFSA information.
Use your school’s filing deadlines, and always strive to submit your FAFSA early in each calendar year.
Standard credit references are required, which can be problematic for college-aged applicants with limited credit histories.
General federal financial aid eligibility requirements are applicable to PLUS participants, so undergraduates with borrowing success, carry eligibility into the graduate program.Your rights and responsibilities are different depending on whether the loan is a federal or private loan.