Law students will be notified of their Unsubsidized Loan eligibility in their financial aid notification letter.
- Loan Limit: annual limit is $20,500, split evenly at $10,250/semester. Aggregate/Lifetime program limit is $138,500.
- Interest Rate: adjusts annually on July 1st and is fixed for the life of the loan. For loans disbursed between 7/1/23 and 6/30/24, the rate is 7.05%. For loans disbursed between 7/1/24 and 6/30/25, the rate is 8.08%.
- Origination Fee: 1.057% for loans disbursed on or after 10/1/20 and before 09/30/24.
- Eligibility: US Citizens or Permanent Residents who file the FAFSA, and are enrolled at least half time (6 credits in fall/spring or 4 credits in summer).
- Credit Requirements: none
- Repayment Terms: Repayment begins 6 months after borrower ceases to be enrolled half-time. While enrolled, borrowers may elect to make interest-only or full payments. See the Loan Repayment section of our website for complete information on repayment options.
- Accept/Decline/Reduce: Students must login to MySlice, select the ‘Financial Aid’ button, click on the relevant aid year, and then select the Accept/Decline tab. Students will then have the option to Accept, Reduce, or Decline the Federal student loan amounts in MySlice. To finalize the Unsubsidized Loan, students should complete any required items on their “To Do List” on MySlice, including the Master Promissory Note (MPN) and Entrance Counseling. These can also be completed directly at studentaid.gov.