Lending Information

The major source of funding for Loyola Law School students is federal loans. The most common funds LLS offers are:

Direct Unsubsidized Loan

  • Annual maximum up to $20,500.
  • Student incurs the interest while in school but is not required to make payments until six month after graduating or dropping below half-time status.
  • Interest rate is fixed at 6.21%.
  • Mandatory federal origination fee is 1.072% (deducted from loan proceeds).

Direct Graduate PLUS Loan (GPLUS)

  • Annual maximum is the cost of attendance minus any other financial aid received.
  • Interest rate is fixed at 7.21%.
  • Mandatory federal origination fee is 4.288% (deducted from loan proceeds).
  • Student incurs the interest while in school but is not required to make payments until six months after graduating or dropping below half time status.
  • Credit history is a major factor in being approved for this loan. Thus, we strongly recommend that you obtain credit reports by contacting: