Federal Loans

Eligible law students may borrow up to $20,500 annually through the Direct Unsubsidized Loan Program. Unsubsidized loans are not based on financial need. The student is responsible for paying the interest on these loans. Students may defer the interest payments while they are in school, but interest will continue to accrue throughout the life of the loan, and will be capped and added to principal at the end of the deferment period.

Eligible law students with an unmet Cost of Attendance may borrow through the Direct Graduate PLUS Loan Program.  The student is responsible for paying the interest on these loans. Students may defer the interest payments while they are in school, but interest will continue to accrue throughout the life of the loan, and will be capped and added to principal at the end of the deferment period.

A Graduate PLUS loan requires approval by the U.S. Department of Education (USDE).  Approval is based on credit history.  If you have an adverse credit history, you may still receive a Graduate PLUS Loan if you obtain an endorser (co-signer) with an acceptable credit history. In some cases, you may be able to obtain a Graduate PLUS Loan if you satisfactorily document to the USDE that there are extenuating circumstances related to your adverse credit history.  If you are subsequently approved for a PLUS loan after securing an endorser or appealing your denial status, you will be required to complete additional loan counseling before you can receive your loan funds.

To apply for any federal student loan, you must complete the Free Application for Federal Student Aid (FAFSA).  The FAFSA must be completed annually, and the new application for the upcoming school year is available on October 1.  The school code for the UA Little Rock is 001101. You will need an FSA ID in order to sign your FAFSA electronically.