Federal Direct Stafford LoansThe William D. Ford Federal Direct Stafford Loan Program provides low-interest loans to students to assist with educational expenses. This loan program is federally guaranteed, which means borrowers do not need to pass a credit check to receive funding. The maximum award for the Stafford loan program is $20,500 per academic year. As of July 1, 2012 only unsubsidized loans are available to graduate students under the Federal Direct Stafford Loan Program. The aggregate loan limit for graduate students is $138,500 for all subsidized and unsubsidized Stafford Loans combined.
Federal Direct Graduate PLUS LoansGraduate and professional students have the option of borrowing through the Graduate PLUS program to cover any remaining educational expenses. The borrower does have to pass a credit check to qualify. Interest accrues on these loans once disbursed, which you can pay while in school or let capitalize until repayment begins. Repayment is postponed while the student is enrolled at least half-time.
ScholarshipsAll applicants admitted to the JD program are considered for institutional scholarship. Scholarship decisions are based primarily on undergraduate academic performance and LSAT scores. Funds are applied to a student's account in two equal disbursements in the fall and spring semesters. Scholarship funds are not available for use during the summer term. Institutional scholarships are renewable each year if the student meets the scholarship renewal criteria. Awards range from $3,000 to $30,000.
Continuing students will be given the opportunity to apply for additional endowed scholarships at the end of each spring semester. Funds are applied to a student's account in two equal disbursements in the fall and spring semesters. Scholarship funds are not available for use during the summer term. Decisions will be made in time for the start of fall semester. Endowed scholarships are not renewable.
Federal Work-StudyFederal Work-Study is an opportunity for students to earn money toward their cost of education and reduce the amount of loan debt incurred. Positions are available in the library, administrative offices or with law professors. If you are interested in participating in the Federal Work-Study program, contact the Law School Financial Aid Office.
Veteran’s Educational BenefitsCapital University Law School participates in the Yellow Ribbon Program and provides matching awards up to $6,000 annually to eligible veterans. Veterans of the U.S. Armed Forces may qualify for education benefits based on their time of service. For program details, visit www.gibill.va.gov or call 1-888-442-4551. Students who qualify should submit their Certificate of Eligibility from the VA to the Financial Aid Office.
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