Below is brief comparison of the types of student loan programs available to graduate students. 

Federal Direct Unsubsidized

Loan Terms

• Fixed interest rate of 6.0% (As of 07/01/17)
• Origination fee of 1.069%

Yearly Amounts

Up to $20,500

Application Requirements

• Valid FAFSA filed and available to Willamette
• Master promissory note (MPN)
• Entrance counseling

Federal Graduate PLUS Loan

Loan Terms

• Fixed interest rate of 7.0% (As of 07/01/17)
• Origination fee of 4.276%

Yearly Amounts

Up to the cost of attendance minus other financial aid (individual eligible amounts will be listed on the award letter).

Application Requirements

• Valid FAFSA filed and available to Willamette
• Complete grad plus credit authorization
• Pass credit check (an endorser may be added)
• Master promissory note (MPN)
• Entrance counseling

Bar Study Loan

Lenders

Students are responsible for searching for and choosing a lender for the bar study loan.

Loan Terms

Varies based on lender and creditworthiness of borrower and co-signer (if required).

Yearly Amounts

Varies based on lender.

Application Requirements

• Third year law student or recent graduate
• Pass credit check
• Complete paperwork as required by the lender

(Please note that these funds are disbursed directly to the student, unlike the federal loans.)