Law School Loans

Before you consider law school loans to bridge any funding gap, you should generally consider scholarships, company sponsorships and contributing from your own savings when deciding on the best combination of financial options to finance your law studies.

If you do decide to apply for a loan to finance part or all of your law degree, consider the following factors before you sign on any dotted lines:

What is the total cost of the borrowing over the term of the loan?
Are there any additional charges, such as up front fees? If so, add these into your total cost calculations.
How does the repayment schedule fit with your own requirements? Law school loans will usually allow for interest and / or principal payments to be postponed until after graduation. Make sure that this meets your needs.
Is the lending organization experienced in providing student loans?
Are there any special services available to you if you take a particular loan?

By taking these factors into account you will be able to make a better informed decision when comparing loans to ensure that the one you decide upon best suits your own circumstances.

The good news is that there are a number of reputable loan providers that you can choose from. To help you with your research, LawSchools360.com have detailed below some organizations that have specific expertise in providing law school loans or, if more appropriate to your needs, student consolidation loans:

LawLoans from the Law School Loans Program offered by GradLoans
GradLoans.com is a member of the long established Student Loan Network and offers an overview of the financial aid process, providing answers to any questions that you may have on financial aid and how to apply for it. There is also guidance on the entire loans process, including how to complete the Free Application for Federal Student Aid (FAFSA) form, which is available to US citizens and sometimes international students.

eStudentLoan: Compare law school loans and apply online
On the eStudent Loan site you can find a free, objective apples-to-apples comparison of private and government student loans. You will also find plenty of tips and advice on the entire financial aid process and how to find and apply for the loan that suits you best, using the eStudentLoan LoanFinder. Click here to visit the eStudent Loan site.

FAFSA Online - FAFSA Application Services
This site lets you complete your FAFSA Application online to qualify for Federal Financial Aid. The professional advisors at FAFSA Online will also review your form to insure accurate and prompt filing.

LAW LOANS Program
This is a loans program funded by Sallie Mae. They also provide a separate loans scheme called the Law Student Loan, which you can apply for if you have reached your federal loan limit or are not eligible for federal funding.

Student Consolidation Loans

Student Loan Consolidator - Student Loan Consolidation Services
Student Loan Consolidator has been around since early 1998. Their site provides practical and useful guidance to help you decide if you will benefit from consolidating your college education debt, and has an online application facility.

To summarize on law school loans:

Don't sign any loan agreement until you have fully considered all other options to pay for your law degree.
If you do need to look at loans to bridge any finance gap, do all the research you can to make certain you get the best deal available and one that suits your circumstances.

Click here to go to the LawSchools360 Financial Aid page

Click here to go to the LawSchools360.com Home Page

footer for law school essays page