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| LAWLOANS Stafford Loan |
Students will be eligible for zero origination fee on LAWLOANS Stafford Loan!
- Pay 0% origination and guarantee fees and have more money during law school for tuition, books, and materials for the classroom.
- Students also receive 3.3% cash or credit back based on the original loan amount through Sallie Mae Cash Back®. This option is made available to you through the use of Southwest Student Services Corporation.
The lender code for Southwest Student Services is 830630.
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| LAWLOANS Graduate PLUS Loan |
Finance your graduate degree with a Federal Graduate PLUS Loan
The Graduate PLUS Loan is an affordable, accessible way to cover the entire cost of your graduate school education. You can get a Graduate PLUS Loan even if you have no credit history.
The Graduate PLUS Loan with Sallie Mae features:
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Easy qualification—no income or collateral requirements.
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Fast and easy online application and account management.
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With a .25 percentage point interest rate reduction at disbursement, your interest rate is guaranteed to never exceed 8.25% .
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No payments while you are in school.
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A wide range of repayment plans .
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Interest may be tax deductible.
- Savings in school and throughout repayment.
Interest rate reductions that start when you are in school and last throughout repayment:
- A 0.25 percentage point interest rate reduction that starts at first disbursement.
- A 0.75 percentage point interest rate reduction that starts when you begin repaying your Graduate PLUS Loan.
- A 0.50 percentage point interest rate reduction that starts when you make your payments through automatic debit.
Using Southwest Student Services as lender, you will also receive the following borrower benefits:
- 1% loan credit after the first 36 payments are made by the due dates as initially scheduled.
- An additional 0.25 percentage point interest rate reduction that starts when you make your payments through automatic debit.
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| LAWLOANS Private LoanSM features include: |
- 0% disbursement fees for all credit tiers.
- Affordable, convenient, and accessible funding for law students.
- Fund bar exam classes with the private LAWLOANS Bar Study Loan® (BSL).
- Sallie Mae Cash Back benefit for Stafford borrowers. Now you can get cash back—or a loan credit—based on 3.3% of your original Federal Stafford Loan amount.
Complete the online application and get your credit pre-approved in minutes. Co-borrowers can apply online, too! If you have any questions after completing your pre-approval application, please call us at 800/984-0190.
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Sallie Mae encourages you to apply for a federal loan before applying for the LAWLOANS Private Loan, as federal loans are typically less expensive and offer the broadest array of repayment options.
Learn more about LAWLOANS Stafford and Private loan, benefits, eligibility, and repayment terms.
LAWLOANS Private Loan rates and fees for Wake Forest University School of Law students.
Lowest pricing when
both the student borrower and a cosigner are credit approved:
Credit Tier
| Disbursement Fee
| Repayment Fee
| Interest Rate |
Monthly Payment Amount |
APR |
Excellent |
0% |
0% |
Prime - 0.50% |
$95 |
7.52% |
Good |
0% |
3% |
Prime + 0.50% |
$109 |
8.65% |
| Fair |
0% |
3% |
Prime + 5.0% |
$169 |
12.72% |
Pricing when
only one is credit approved (it can be either the student borrower or a cosigner):
Credit Tier
| Disbursement Fee
| Repayment Fee
| Interest Rate |
Monthly Payment Amount |
APR |
Excellent |
0% |
3% |
Prime + 0% |
$103 |
8.18% |
Good |
0% |
4% |
Prime + 1.5% |
$122 |
9.64% |
| Fair |
0% |
5% |
Prime + 5.5% |
$179 |
13.29% |
Note: Assumes an
February, 2008,
Prime Rate of
6.50%,
a $10,000 loan with two disbursements (one on September 1 and another on January 2), 33 months in school, 9 months grace and a 15-year repayment period. Monthly Payment Amount rounded to the nearest Dollar.
