University of New Hampshire

School of Law

Financial Aid – Loans

Federal Direct Unsubsidized Stafford Loan

  • The University of New Hampshire School of Law is a Direct Loan School;
  • Students may borrow up to $20,500 per year in a Federal Direct Unsubsidized Stafford Loan;
  • Students must be enrolled at least half–time to apply;
  • For current Federal Direct Stafford Unsubsidized Loan fee and interest rate information, go to:  https://studentaid.ed.gov/types/loans/interest-rates;
  • Students may borrow up to an aggregate total of $138,500 including undergraduate amounts;
  • Repayment begins six months after graduation (or dropping below half–time); however interest begins to accrue on the unsubsidized Stafford Loan at the time of disbursement. Students may pay the interest while in school or defer it and allow it to capitalize.
  • Student must complete a Stafford Master Promissory Note and Entrance Counseling online at https://studentloans.gov.
  • In addition, during Orientation, the Financial Aid Office will review all items covered in the online Entrance Counseling, but it is imperative you complete the online Entrance Counseling first. No funds will be released until this is completed.
  • The student loan application you sign is a legal agreement between you and your lender, outlining the terms and conditions of your loan. It is a loan and must be repaid.

Federal Direct Graduate PLUS Loan

  • Students may borrow the difference between their "cost of attendance" and all other aid;
  • Students must be enrolled at least half–time to apply;
  • Students must exhaust their Stafford Loan eligibility before applying for a Grad PLUS;
  • Students must pass a credit review;
  • For current Federal Direct Graduate Plus Loan fee and interest rate information, go to:  https://studentaid.ed.gov/types/loans/interest-rates;
  • Interest begins to accrue on the Grad PLUS at the time of disbursement. Students may pay the interest while in school or defer it and allow it to capitalize;
  • Repayment begins the day following the final disbursement, however, students are eligible to apply for an in–school deferment;
  • Student must complete a Graduate Plus Loan Master Promissory Note, Application and Entrance Counseling online at https://studentloans.gov
  • No funds will be released until item noted above are completed.
  • The student loan application you sign is a legal agreement between you and your lender, outlining the terms and conditions of your loan. It is a loan and must be repaid.

Private Loans

  • Students may borrow the difference between their "cost of attendance" and all other aid;
  • Students must have a good credit history in order to qualify for these private loans;
  • Need a copy of your credit report? Visit the FTC-approved fhttps://www.annualcreditreport.com/cra/index.jsp;
  • Interest may be deferred while the student is enrolled, however, deferred interest is capitalized and added to the principal;
  • Interest rates and guarantee fees vary among lenders
  • Typically, students at UNH School of Law only borrow a Private Loan in their last year of Law School to cover Bar Exam expenses.

Managing the Winding Road of Loan Repayment

Strategies for Successfully Repaying Your Student Loans

This recent presentation will help you understand how to manage your loan repayment in light of the College Cost Reduction and Access Act.

Download the presentation and worksheet:

Loan repayment presentation slideshow

Income-based repayment worksheet

Terms and Conditions of Federal Direct Student Loans
For more information, go to: https://studentaid.ed.gov/types/loans.

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