1. Have financial (except for unsubsidized Stafford loans)
   
2. Be enrolled as a regular student working toward a Juris Doctor degree
   
3. Be a US citizen or eligible non-citizen
   
4. Not be in default on any loans
   
5. Have a valid social security number or valid alien registration number
   
6. Maintain satisfactory academic progress (2.0 cumulative GPA)
   

Subsidized Loans & Fees

• Subsidized loans are awarded on the basis of financial need, which is determined by the information you have provided.
  
  
• If you qualify for a subsidized loan, you will not be charged any interest before you begin repayment or during the authorized periods of deferment. The federal government "subsidizes" the interest during these periods.
  
  
• The maximum amount you may borrow is $8,500.00 per academic year
  (August to July 31) if you qualify for the full amount.
  
  
• Fees of approximately 3% of the principal amount borrowed will be taken from the loan prior to disbursement.
  
  

Unsubsidized Loans & Fees

• Unsubsidized Loans are not awarded on the basis of financial need. You will be charged interest from the time the loan is disbursed.
  
  
• The maximum amount you may borrow is 10,000.00 per academic year (August to July 31) if you qualify for the full amount.
  
  
• Fees of approximately 3% of the principal amount borrowed will be taken from the loan prior to disbursement.
  

Satisfactory Academic Progress Policy

• Satisfactory academic progress must be maintained. Students are required to have an overall grade point average of a 2.0 to maintain Satisfactory Academic Progress.
  
  
• Students whose overall grade point average falls below an overall average of a 2.0 are placed on academic probation for the next semester, and these students are ineligible to receive Federal Stafford Loans for that semester or until they become eligible again.
  
  
• A student may petition in writing to Lynn Bowab, the Director of Financial Aid, for an exception to this policy. Exceptions to this policy are granted on a case by case basis and only in extraordinary situations.

FEDERAL PLUS LOANS FOR GRADUATE STUDENTS 2006-2007

Federal PLUS loans, along with Stafford Loans, are apart of a group of loan programs referred to as the Federal Family Education Loan Program (FFELP).

MSLAW Students who will be attending school the entire academic year (Fall and Spring semesters) can borrow up to an additional $3,000.00 thru the Federal PLUS loan, if eligible. Students who will be enrolled during the Fall semester only are not eligible to receive a Federal PLUS loan.

Interest Rates and Fees:
Interest rates are fixed @ 8.5%
Up to 3 percent origination fee
Up to 1 percent default fee

Borrower Eligibility: Must be a Graduate student enrolled @ least half time in a degree –granting program Graduate student or endorse must be a creditworthy US citizen or eligible permanent resident; both must have a valid Social Security number

Plus loan applications should be completed once a year, usually by May for the next academic year. All financial aid requirements for the Stafford and Plus loans should be completed and handed in together.