亚洲免费无码中文在线&free欧美高清猪马牛&青青草手机在线免费看

Types of Financial Aid Available

Federal Unsubsidized Direct Loans

Federal Unsubsidized Direct Loans are the major form of financial aid for law students. Any regularly eligible student enrolled at least half-time may borrow these loans, for up to $20,500 per academic year. The maximum annual combined loan limit will be the lesser of $20,500, or the cost of attendance minus other financial aid. Origination fees for this loan are 1.062% effective for loans first disbursed between between 10/1/18 and 9/30/19. The origination fees are 1.059% for loans disbursed from 10/1/19 to 10/1/20. The interest rate for this loan is a variable fixed rate that is reset each year on June 1st and is capped at 9.5%. Please see below for interest rate details. For further information (including sample repayment options) about Federal Direct Loans, go to . The Unsubsidized interest begins to accrue immediately upon disbursement. The student has the option of paying the interest quarterly or allowing it to accrue while in school. Repayment begins six months after the borrower graduates or is no longer enrolled at least half-time. Federal law requires both entrance and exit counseling for this loan.

SJCL requires new students to complete graduate level loan entrance counseling at http://studentloans.gov before any federal student loan will be originated for them. Students in their final year of the program must complete online exit counseling at the same website. In addition, graduating students are required to attend an in-person exit counseling session in the spring semester prior to graduation.

Federal Graduate Plus Loans

Graduate students are eligible to borrow under the Federal Direct PLUS Loan program up to their cost of attendance minus other estimated financial assistance. The Federal Direct Unsubsidized Loan must be applied for first. The terms and conditions include that applicants must not have an adverse credit history, repayment begins on the date of the last disbursement of the loan (students still in school may request deferment/forbearance to postpone repayment), 4.248% loan fees are charged for loans first disbursed between 10/1/18 and 9/30/19. The origination fees are 4.236% for loans disbursed from 10/1/19 to 9/30/20. The interest rate is a variable fixed rate that is reset each year on June 1st and is capped at 10.5%. Please see below for interest rate details. These loans will be helpful for those students in the 3-year program or others who would otherwise rely on private loans to cover their educational expenses above tuition and fees. Unlike private loans, PLUS loans are usually easier to qualify for, federally regulated, and able to be consolidated with Federal Direct Unsubsidized loans upon graduation. Further information can be found at . Federal Direct Graduate PLUS Loans have no loan aggregate. The student has the option of paying the interest monthly or quarterly or allowing it to accrue while in school. Repayment begins six months after graduation or when the borrower falls below a half-time status. Federal law requires both entrance and exit counseling for this loan.

SJCL requires new students to complete graduate level loan entrance counseling at http://studentloans.gov before any federal student loan will be originated for them. Students in their final year of the program must complete online exit counseling at the same website. In addition, graduating students are required to attend an in-person exit counseling session in the spring semester prior to graduation.

Interest Rate Details

Retroactive to 7/1/13, the Bipartisan Student Loan Certainty Act of 2013 amends the Direct Loan interest rate section of the Higher Education Act. There are now new formulas that apply to all Direct Loans – including graduate Unsubsidized and Graduate PLUS.

Each year, the interest rate will be determined by the 10-year Treasury note (T) auctioned at the final auction held prior to June 1, plus a statutorily defined “add-on”. The rate will then be effective for loans disbursed on or after July 1 of that year. The rate formula add-on will be T + 3.60% for graduate unsubsidized loans and T + 4.60% for Graduate PLUS loans. For loans first disbursed on or after 7/1/19 but before 7/1/20, 6.08% for Federal Direct Unsubsidized and 7.08% for Grad PLUS loans. The interest rate, once established, will apply for the life of the loan. As a result, it is likely that many borrowers will have a set of fixed-rate loans, each with a different interest rate.

NOTE: Just because you CAN borrow maximum loan amounts does not mean you SHOULD. Please review your budget carefully and only borrow what you absolutely need. Loan totals add up quickly, as does accruing interest. Do not saddle yourself with an unmanageable loan debt that you may not be able to easily repay once you leave school.

Scholarships

Each year a number of SJCL scholarships are awarded. Information is sent to students each February with instructions for applying. Private groups outside San Joaquin College of Law also offer scholarships to SJCL students. Scholarship information is forwarded to students via their student email account. For further information about scholarships, contact the This email address is being protected from spambots. You need JavaScript enabled to view it..

Federal Work-Study

This is a need-based federal program that provides job opportunities to eligible students who wish to earn money to assist with educational expenses. Jobs are available on a limited basis and most require the completion of the first year of law school to qualify. The school receives a federal grant to pay a portion of the wages for the positions that the school administers. See Career Services for available job postings

Financial Aid for Study Abroad Programs

亚洲免费无码中文在线&free欧美高清猪马牛&青青草手机在线免费看Students who wish to receive financial aid funds through SJCL (the home institution) for a study abroad program sponsored by another institution (the host institution), may do so by contacting the financial aid office as soon as they have been approved by the SJCL Faculty Committee. This process must be done well in advance of the program start date to assure completion of the required forms.

Approved students must give the financial aid office the name and email address of the contact person at the host institution so that a cooperative enrollment agreement for financial aid can be sent for completion and submission back to SJCL. The agreement lists the start/end dates, number of units and costs of the program for inclusion in the student’s cost of attendance.

Please contact the This email address is being protected from spambots. You need JavaScript enabled to view it.