Interest is subsidized while the student is enrolled and for a six-month grace period upon graduation. The Federal Stafford Unsubsidized Loan provides additional funding for students who borrow the need-based subsidized loan. Interest accrues while the student is enrolled with repayment of interest and principal beginning six months after graduation. This form should be filed immediately upon acceptance to the School of Law. Roger Williams University School of Law's Title IV School Code is 003410.
All alternative loans are private, credit based loans.
This means that the student must have a satisfactory credit history in order to be approved for the loan. To have a satisfactory credit history, the student must be current on all previous student loans, credit cards, and other debits. Students who are continually late on their bill payment or have had a bankruptcy or a defaulted loan within the past seven years will not be able to secure a private loan. Students should borrow a private loan only if absolutely necessary. Students should try to utilize savings, scholarships and grants, and because of lower interest rates, federal loans before applying for a private loan.