The maximum is the cost of attendance minus other aid received. Interest and Fees Interest rates will vary depending on credit history, the law school, and whether there is a co-borrower for the loan.
Interest begins accruing on the day the funds are disbursed.
The accrued interest is capitalized following the grace period when the repayment period begins. Repayment Terms Borrowers have up to 25 years to repay the loan depending on the loan balance. In addition to a standard payment plan, Sallie Mae offers various repayment options and borrower benefits that reward you for consistent on-time payments, lower payments if you repay electronically, and accommodate fluctuations in your financial situation with different payment schedules. In your final year in an accredited ABA law school. Making satisfactory academic progress toward a degree.