New private loan offers up to $25,000 per year at a fixed 7.5% interest rate with guaranteed availability
As federal student loan limits increasingly fall short of the full cost of a legal education, Washington University School of Law is launching a new supplemental loan program designed to help incoming JD students bridge the gap.
The WashU Law Supplemental Loan is a private loan available exclusively to incoming JD students who are U.S. citizens and have exhausted all federal loan options. Eligible students may borrow up to $25,000 per year, subject to the cost of attendance.
“At WashU Law, we are deeply committed to supporting our students in every dimension of their experience — from the classroom to the broader community and the financial realities of legal education,” said Elizabeth Walsh, associate dean of student life. “This supplemental loan helps ensure that financial barriers do not limit our students’ ability to thrive during law school and beyond.”
The loan carries a fixed 7.50% interest rate and is guaranteed to be available to eligible students. It does not require a credit check or collateral and includes no origination fees, guarantee fees, repayment fees or points.
Because it is a private loan, the WashU Law Supplemental Loan is not eligible for Public Service Loan Forgiveness (PSLF).
The new program reflects WashU Law’s broader commitment to fostering a supportive, collaborative learning environment that allows students to focus on intellectual growth, professional development, and meaningful engagement with the WashU Law community.
