Repayment may begin within 30 to 60 days of disbursement, or certain deferments may be available. Contact your lender for deferment options and borrowing limitations. These loans can be borrowed by a student or parent to cover the cost of attendance not met by other types of aid. The annual maximum law students may borrow is the cost of attendance less other financial aid received. The interest rate is a variable rate while the student is in school and is either a fixed or variable rate during repayment.
Principal payments begin six to nine months after the student graduates or leaves school.