Financial Aid Office

The BU Law Financial Aid Office provides important information regarding loan repayment options, consolidation, and explanations of deferment and forbearance options available to borrowers while in repayment.

The Law Financial Aid Office continues to be available to alumni throughout their repayment. While it is true that most questions you may have will likely arise during the beginning of your repayment, please feel free to contact our office at any time.

Federal Loan Interest Rates by Disbursement Dates


LOAN INTEREST RATES BY DISBURSEMENT DATES

Loan Type

First disbursed
7/1/98 - 6/30/06

First disbursed
7/1/06 - 6/30/13

First disbursed
7/1/13 - 6/30/14

Federal Direct Stafford Loan

Variable Rate
Adjusted annually,not to exceed 8.25%

Fixed at 6.8%

Fixed at 5.41%

Federal Direct Graduate PLUS Loan

Variable Rate
Adjusted annually,not to exceed 9%

Fixed at 7.9%

Fixed at 6.41%

 

New Legislation to Provide Repayment Options

The College Cost Reduction and Access Act of 2007 provides a number of benefits to students. Of particular interest to law students are the Income Based Repayment option and Loan Forgiveness for Public Service employees.

Additional information has been posted in the Loan Repayment Information section of the website.