Private Loans
Students who may need additional financial aid resources that are not met by the Graduate PLUS Loan may be eligible to apply for a private loan. Students may borrow an amount up to the Cost of Attendance minus all other financial aid. Private loans are credit based, therefore it is required that applicants be credit worthy or have a credit worthy co-signer. A private loan is the only form of financial aid available to Non-U.S. citizens and Non-U.S. Permanent Residents. Non-U.S. citizens and Non-U.S. Permanent Residents must have a co-signer that is a credit worthy U.S. citizen in order to apply for a private loan. It is the student's responsibility to compare the loan terms of each lender. Information regarding interest rates, payments, fees, and repayment options can be obtained by contacting your participating lenders. Pacific McGeorge School of Law will not be held responsible for students who are denied private loans due to adverse credit.
Approximate Monthly Private
Loan Repayment Schedule
|
Assume 10.5% Interest Rate |
||
|
Debt |
Monthly Payment |
Total Paid |
|
$30,000 |
$331 |
$59,691 |
|
$60,000 |
$663 |
$119,383 |
|
$90,000 |
$995 |
$179,074 |
|
$120,000 |
$1,326 |
$238,766 |
- No payment incentives