If you are applying for Grad PLUS loan, please be aware that processing time can take 2-3 weeks.
To ensure timely disbursement of funds, make sure that you are applying for the Grad PLUS early enough to account for the processing time. If you are emailing lawfa@seattleu.edu to request an adjustment (increase or decrease), make sure you include the processing time for your request.
Students only need to apply once at the beginning of the academic year. Any following adjustment or additional loan requests can be made via email request to lawfa@seattleu.edu.
- As a law student, you may borrow up to the cost of attendance less other financial aid
- Credit-based federal loan
- May offer an endorser (co-signer) option
- Disbursed in equal amounts in the fall and spring unless requested otherwise in writing and approved
- Recommended over a private loan (see below), particularly if going into public service work
- Graduate Plus loans disburse between fall/spring term, unless the student request a reallocation into their summer term
Application Process
Complete the following:
- FAFSA every year
- Grad PLUS Request every year
- Grad PLUS entrance counseling once
- Grad PLUS Master Promissory Note once (it expires after ten years).
- A credit check is required. An endorser (co-signer) may be required (if so, a new promissory note is required for each loan with an endorser).
- Apply for either the Grad PLUS or a private loan - students do not apply for both concurrently.
Interest rates
- Loans first disbursed on or after July 1, 2023 and before July 1, 2024: fixed at 8.05% for life of loan.
- The interest rate as of July 1, 2020, is fixed at 5.30% based on the 10-Year Treasury Note Index + a 4.6% add-on (capped at 10.5%). New interest rate is calculated each year for new loans.
For the most recent information on interest rates, visit studentaid.gov.
Fees
- 4.228% per disbursement (as of 10/1/21).
- Due to sequestration, the origination fees increase annually each October 1 (amount to be determined) for new loans first disbursed on or after that date.
For the most recent information on fees, visit studentaid.gov.
Interest Accrual
Grace Period
- 6 months after graduation or cease to be enrolled at least half-time.
Repayment Options
Loan Forgiveness
Other Notes
- Borrow up to the cost of attendance less other financial aid.
- Eligible for deferment and forbearance options, similar to Federal Direct Unsubsidized Loan.
- Credit check is required.
- We strongly encourage you to request a copy of your credit report. Checking your credit rating now will help eliminate surprises later and will give you time to correct any errors or resolve any problems.
- An endorser (co-signer) may be required (if so, a new promissory note is required for each loan with an endorser).
- Disbursed in equal amounts in the fall and spring unless requested otherwise in writing and approved.
- Loan must be requested and originated prior to the end of the academic year (or last term enrolled of academic year) per federal regulations. Requests made at the end of the academic year may not be able to be processed due to time limits.
Attending summer term and wish to request some alternative loan funds for the term? Remember to email lawfa@seattleu.edu from your SU email account with that request.
