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School of Law Loans

We recognize that many of you rely on a variety of resources, such as loans, to assist with paying for your law education. As you consider the available loan options, keep in mind that some loans are costlier than others. We recommend that you consider federal loans first as they offer a fixed interest rate and generally have the best terms and conditions. See more loan options on our loan information page.
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Federal Direct Loan Programs

The United States federal government provides loans for students who are U.S. citizens, permanent residents, and eligible non-citizens. The Federal Direct Subsidized and Unsubsidized Loan and Federal Direct PLUS Loan Programs are available to students who meet the qualifications. (Effective July 1, 2012, the Budget Control Act of 2011 eliminated the interest subsidy for Graduate/Professional students.) The Bipartisan Student Loan Certainty Act of 2013 provided new formulas for the determination of interest rates. Interest rates, which are tied to a 10-year Treasury note index plus a statutorily defined add-on, will be established each year for loans where the first disbursement is on or after July 1 through the following June 30. The interest rate will be fixed for that year and apply to the life of that loan. Read below for more detailed information and instructions for completing an application online.

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Federal Direct Unsubsidized Loans (Graduate/Professional Level)

Loan

Amount Varies | U.S. Department of Education

Loan

This is the primary loan offered to each graduate, law and medical student who applies for financial aid. The Federal Direct Unsubsidized loan is available to all students who are matriculated in a degree granting program, have filed and met the FAFSA eligibility criteria and meet enrollment requirements. This loan does not require a credit check or a certain level of income to be approved.

Law Federal Direct Graduate PLUS Loan

Loan

Amount Varies | U.S. Department of Education

Loan

The Federal Direct Graduate PLUS loan is available to law students who are matriculated in a degree granting program, have filed and met the FAFSA eligibility criteria and meet enrollment requirements. This loan requires a credit check to determine credit worthiness.

Loan Counseling

New Borrowers
As a first-time federal loan borrower, you are required to complete Loan Entrance Counseling and the Master Promissory Note (MPN).

Complete the Loan Process

 

Students Getting Ready to Graduate
You are required to complete an online Exit Counseling session if you graduate or drop below half-time enrollment.

Complete Exit Counseling

 

Private Loan Options

Private loans are available through a limited number of education lenders to assist students when federal loans are not an option. These unsecured loans can be more costly as federal loans may offer more favorable terms and conditions. Interest rates are typically variable and may be tied to the prime rate, LIBOR rate, or treasury bill rate. Borrower eligibility, co-signer requirements, interest rates, maximum loan levels, and repayment options vary according to the program. These loans are based on creditworthiness, which is based on the applicant’s credit history.

It is recommended that you request a copy of your credit report annually to evaluate your ability to secure private education loan funds. You may obtain a free annual credit report online.

Visit Annual Credit Report

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Law Private Educational Loans

Loan

Amount Varies

Loan

Private loans are available through a limited number of education lenders to assist students when federal loans are not an option. These unsecured loans can be more costly as federal loans may offer more favorable terms and conditions. Interest rates are typically variable and may be tied to the prime rate, LIBOR rate, or treasury bill rate. Borrower eligibility, co-signer requirements, interest rates, maximum loan levels, and repayment options vary according to the program. These loans are based on creditworthiness, which is based on the applicant’s credit history.

Important note: Pursuant to Section 155 of the Higher Education Act of 1965, as amended, (HEA) and to satisfy the requirements of Section 128(e)(3) of the Truth in Lending Act, a lender must obtain a completed self-certification form (PDF) signed by the applicant before a private education loan can be disbursed. Some lenders may ask you for the Quinnipiac University School of Law OPE ID# which is 00140201.

Paying Back Your Loans

Federal Consolidation Loan

Loan Repayment Option

U.S. Department of Education

Loan Repayment Option

A Federal Direct Consolidation Loan allows you to combine multiple federal loans into one loan with a fixed interest rate. Consolidation is completed through Federal Student Aid at no cost.

Loan Repayment Assistance Program

Loan Repayment Option

Amount Varies (Not Less than $2,500) | Quinnipiac University

Loan Repayment Option

The mission of the Program is to encourage QUSL graduates to work in law-related jobs that will benefit the overall public interest and to ease the financial burden of those who make a commitment to pursue public interest employment.

Loan Repayment Resources

Below are some additional loan repayment resources.

 

Loan Forgiveness Programs

In certain situations, you can have your federal student loans forgiven, canceled, or discharged. Learn more about the types of forgiveness and whether you qualify due to your job or other circumstances.
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Loan Repayment Plans

Before repayment begins, develop a plan that puts you on track to pay back your loan on time and in full.
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Federal Loan Consolidation

Consolidating student loans is similar to refinancing, which allows a student to combine his or her federal loans (not private loans) into one big loan, usually extending the repayment period beyond the 10-year maximum. Depending on the loan amount, the new loan terms can go from 12–30 years. Although a student's minimum monthly payment can be significantly reduced, it is important to note that in most cases, this will result in additional interest being paid over the life of the loan.
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Student Loan Servicers

FedLoan Servicing

Great Lakes Higher Education

Navient

Nelnet

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Contact the School of Law

We’re always here to help provide additional information and answer any questions you may have.

203-582-3400
law@qu.edu

370 Bassett Rd.
North Haven, CT 06473

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