Southwestern Law School Los Angeles, CA

Loan Programs Summary Charts

This is our estimate of the terms and conditions for these loan programs. While every effort has been made to provide complete and accurate information, this is not intended to be a contract. This information is subject to change.

Loan Programs Summary
Information as of June 2010 and is subject to change.

Program Annual
Maximum
$ Amount
Aggregate Maximum
$ Amount
Interest Rate Front End Fees Credit Based Cosigner Allowed Grace Period1 Repayment Terms (Years) In-School/ Grace Period Interest Accrual Eligible for Federal Loan Consolidation
Federal Subsidized Stafford Loan
$8,500
$65,500
6.8% fixed
0-2%
No
No
6 months
102
No
Yes
Federal Unsubsidized Stafford Loan
$20,500 (minus any subsidized Stafford)
$138,500
6.8% fixed
0-2%
No
No
6 months
102
Yes
Yes
Federal Perkins Loan
$8,000
$60,000
5%
0%
No
No
9 months
102
No
Yes

Federal Grad PLUS Loan3
Cost of Attendance less other aid
None
7.9% fixed
3-4%
Yes
Yes
6 months4
202
Yes
Yes
Other Institutional Loans
$5,000
$15,000
5%
0%
No
No
9 months
10
No
No

1 The period of time that begins when a student ceases to be enrolled at least half-time and ends when the repayment period starts.
2 May be consolidated through the Federal Loan Consolidation Program, extending period of repayment up to 30 years.
3 Unlike undergraduate PLUS loans, where parents were allowed to borrow loans, Graduate/Professional students will be borrowing on their own.
4 Instead of a grace period, a student may postpone repayment for up to 6 months after leaving school by
requesting a forbearance.

Annual Limits for Graduate and Professional Students


Base Subsidized
& Unsubsidized
Additional
Unsubsidized
Maximum
Subsidized &
Unsubsidized
Estimated
Monthly Payment5
(on maximum)
Estimated Total
Payment Amount**
(over 10 years)

Stafford Loan - Annual Limits Each Year

$8,500

$12,000

$20,500

$236

$28,309

Stafford Loan - Aggregate Limits

$65,500

 $73,000

$138,5006

 $1,594

$191,263

5 Assumes 6.8 percent interest rate.
6 No more than $65,500 in subsidized Stafford loans; includes amounts received as an undergraduate.