Office of Financial Aid

Newly Admitted JD Students Loan & Financial Aid Application Procedures

In order to find the instructions that best fit your needs, please select the term for which you need financial aid.

I need financial aid for:


Financial Aid for the Academic Year (Fall & Spring Semesters)

Continuing students must reapply for financial aid every year. Any student who wishes to receive student loans must complete the following form:

Loans
Loan instructions and requirements will be provided with the award letter email notification. Students should not apply for loans until an award letter notification has been received.

Federal Stafford Loan [Unsubsidized]
All students applying for Stafford Loans are required to complete the FAFSA application. The borrower is responsible for interest that accrues while he or she is in school. As of July 1, 2015, the interest rate on Unsubsidized Stafford Loans is fixed at 5.84% per academic year. The program is available for an annual total of up to $20,500. As of October 1, 2015, there is a 1.068% origination fee that is taken off the principal loan amount requested.

Grad PLUS or Private Educational Loans
If you need more funding than what is available through the Federal Stafford Loan program, you may wish to borrow a Grad PLUS or private educational loan. As of July 1, 2015, Grad PLUS loans have a fixed interest rate of 6.84%. As of October 1, 2015, there is a 4.272% origination fee that is taken off the principal loan amount requested. Private loan interest rates are variable and depend on one's credit. Please keep in mind that you can only borrow up to your "budget" (cost of attendance), which is indicated on your award letter, minus any aid or scholarships.

Students are responsible for their own expenses such as rent prior to the actual disbursing of refunds after the add/drop period each term. The Business Office in the CBA Building, 15th Floor, handles all refunds. They can be contacted at 312.427.2737 ext. 408.

» Download a Comparison of Grad PLUS and Private Educational Loans


Financial Aid for Only the Spring Semester

(For students who were admitted or are returning in January for the spring semester.)

If you have not borrowed Federal Stafford Loans during the fall semester of the current academic year (at John Marshall or another school), you may be eligible to borrow up to $20,500 during the spring semester. Beginning the following academic year (August-May), you may be eligible to borrow up to $20,500 again, but it will be evenly split over the fall and spring semesters.