While there are a number of sources for private loans, the Law School has selected the Access Group as its preferred lender. Our preferred lender, the Access Group , offers a commercial, cost-based loan to credit worthy applicants. Although other banks offer similar loans, the Access Group provides the best combination of low rates and quality service. For more information, see our full Preferred Lender List. Aggregate amounts vary depending on the lender.
Some programs allow students to defer payments of interest and principal during enrollment.
Repayment on such loans usually begins within two to nine months of the student's last day of half-time enrollment, at which time both interest and principal become due. Payments may be made monthly or quarterly, with 10 to 20 years to repay. Monthly repayment schedules depend on the amount borrowed, the time taken to repay the loan, whether repayment of interest was deferred until after graduation, and the interest rate. Lenders of commercial loans use your future salary as collateral. To help reduce their risk, they check your credit rating.