Types of Financial Aid
Types of Aid
There are several options to choose from to assist in funding your law school journey:
- Unsubsidized Loan: These loans are not need-based and begin to accrue interest from the date of the first disbursement. The 2024-2025 interest rate is 8.08% and the origination fee is 1.057%.
- Graduate Plus Loan: These loans requires a credit check, and students may apply with a cosigner. Loans begin to accrue interest from the first date of disbursement. The 2024-2025 interest rate is 9.08% and the origination fee is 4.228%.
- Private Loans: These funds come from an outside lender. The interest rates and terms vary depending on credit score.
In addition to these loan options, students can also apply for various scholarships to reduce the amount of loans needed. Please visit the Scholarships page for more information.
Financial Aid Eligibility
In order to qualify for financial aid, you must satisfy the following criteria:
- Must be enrolled in courses needed for the program and working towards a degree
- Must be enrolled in at least 6 credits for the JD program (fall and spring)
- Meet the citizenship eligibility requirements by the U.S. Department of Education
Applying for Financial Aid
- Complete the FAFSA Application Form. (UIC Law Code: 001776)
- Create an FSA ID username and password.
- Use your FSA ID to confirm your identity and submit your FAFSA online.