Washington University School of Law is the latest law school to introduce a private supplemental loan program aimed at helping students bridge gaps after exhausting federal aid.
The private, supplemental loan program available to incoming J.D. students who are U.S. citizens and have exhausted all federal loan options.
Eligible students may borrow up to $25,000 per year, subject to the cost of attendance.
Designed to address federal funding gaps, the loan carries a fixed 7.50% interest rate and benefits from predictable terms, including no credit check or required collateral, no origination fees, guarantee fees, repayment fees or points.
“At WashU Law, we are deeply committed to supporting our students in every dimension of their experience — from the classroom to the broader community and the financial realities of legal education,” said Elizabeth Walsh, associate dean of student life. “This supplemental loan helps ensure that financial barriers do not limit our students’ ability to thrive during law school and beyond.”
Because it is a private loan, it is not eligible for Public Service Loan Forgiveness.
