The Direct Stafford Loan provides loan assistance to law students through the federal government. Students may borrow an Unsubsidized Stafford loan up to $20,500 per year.
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1. The interest rate as of July 1, 2019 is fixed at 6.08% based on the 10-Year Treasury Note Index + a 3.6% add-on (capped at 9.5%). New interest rate is calculated each year for new loans.
2. Due to sequestration, the origination fees increase annually each October 1 (amount to be determined) for new loans first disbursed on or after that date.
Please see Direct Loans for more information on the Federal Direct Stafford loan.
Graduate students may borrow the Federal Direct Graduate and Professional Student PLUS Loan (Grad PLUS) up to the cost of attendance less other financial aid. Please see Credit-based Loans for more information, including a comparison of benefits between the Grad PLUS and private loans.
Interest Rate |
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Fees |
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Interest Accrual |
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Grace Period |
|
Repayment Options |
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Loan Forgiveness |
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Other Notes |
|
Application Process |
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3. The interest rate as of July 1, 2019 is fixed at 7.08% based on the 10-Year Treasury Note Index + a 4.6% add-on (capped at 10.5%). New interest rate is calculated each year for new loans.
4. Due to sequestration, the origination fees increase annually each October 1 (amount to be determined) for new loans first disbursed on or after that date.
5. We strongly encourage you to request a copy of your credit report. Checking your credit rating now will help eliminate surprises later and will give you time to correct any errors or resolve any problems.
For answers to any questions you have about financial aid, please contact Student Financial Services at lawfa@seattleu.edu or 206.398.4250.