Lending Information

The major source of funding for Loyola Law School students is federal loans. The most common funds LLS offers are:

Direct Unsubsidized Loan

• Annual maximum up to $20,500.
• Student incurs the interest while in school but is not required to make payments until six month after graduating or dropping below half-time status.
• Interest rate is fixed at 6.8%.
• Mandatory federal origination fee is 1% (deducted from loan proceeds).

Direct Graduate PLUS Loan (GPLUS)

• Annual maximum is the cost of attendance minus any other financial aid received.
• Interest rate is fixed at 7.9%.
• Mandatory federal origination fee is 4.0% (deducted from loan proceeds).
• Student incurs the interest while in school but is not required to make payments until six months after graduating or dropping below half time status.
• Credit history is a major factor in being approved for this loan. Thus, we strongly recommend that you obtain credit reports by contacting:
  • Equifax
  • Experian
  • Transunion