Wayne State University

Law Student Loans

Loans require repayment. Detailed information about repayment of federal loans, including borrowers' rights and responsibilities, is available in The Student Guide.

View Stafford and Graduate PLUS Loan Interest Rates Effective July 1, 2008

Federal Perkins Loans

A Federal Perkins Loan is a fixed, low-interest (5%) subsidized loan awarded to students with exceptional financial need.

Federal Stafford Loans

Federal Stafford loans are low fixed-rate (6.8%) student loans for students who are attending school at least half time. 

Federal Grad PLUS Loan

Federal Graduate PLUS loans are fixed-rate student loans for students who are attending school at least half time. A credit check is required. Students should exhaust their Federal Stafford loan eligibility before applying for a Graduate PLUS loan.

Federal Consolidation Loans

Federal Loan consolidation is a way to combine your existing federal student loans into one new loan, reducing the number of monthly bills and possibly lowering your monthly payment.

Alternative Loan Programs

Alternative Loans are credit-based, private student loans. Alternative loans generally have higher interest rates and fewer repayment options than federal loans.

Bar Study Loans

Bar Study loans are credit-based, private student loans which help finance bar exam costs, such as bar review course fees, bar exam deposits and fees, as well as living expenses.

 

Lender Selection

The Office of Student Financial Aid provides comparison charts of lenders and loan programs that have been evaluated and determined to meet strict quality control standards. See our Lender Selection Methodology for more information. You may borrow from any lender you choose, even if they are not listed on our comparison charts.