Loans
Please note that free individual student loan counseling is available for all admitted students, current students, and alumni. It is available through the Baylor Law Office of Admissions and Financial Aid, and it is available through AccessLex Connex.
For law school borrowers prior to July 1, 2026:
You may borrow up to $20,500 per academic year (Fall through Summer) in Federal Direct Unsubsidized loans, with a lifetime limit of $138,500 (subsidized and unsubsidized). The interest rate for these loans, for loans disbursed between July 1, 2025, and June 30, 2026, is 7.94 percent annually. The interest rate for these loans disbursed between July 1, 2026 and June 30, 2026 is 8.07 percent annually. A 1.057 origination fee will be deducted at disbursement. As of July 1, 2012, there are no longer any Federal Direct Subsidized loans available to graduate or law students: as soon as your loan is disbursed, interest begins to accrue.
After you drop below half-time status, these loans have a six-month grace period before repayment begins. A Federal Direct Unsubsidized loan has forbearance and deferment options, may be consolidated, may be paid back under several different repayment plans, and may be eligible for forgiveness under the Public Service Loan Forgiveness program.
For new law school borrowers on or after July 1, 2026:
You may borrow up to $50,000 per academic year (Fall through Summer) in Federal Direct Unsubsidized loans, with a program limit of $200,000 and a lifetime limit of $257,500 (subsidized and unsubsidized).
If you do not have adverse credit, you may secure the additional amount of aid you are eligible for by applying for a Graduate PLUS loan. See this website for an application. A Graduate PLUS loan is federally guaranteed, and interest accrues while you are in school. The interest rate for these loans, for loans disbursed between July 1, 2025, and June 30, 2026, is 8.94 percent annually, and a 4.228 percent origination fee will deducted from the disbursement.
After you drop below half-time status, there is a six-month deferment period. A Graduate PLUS loan has forbearance and deferment options, may be consolidated, may be paid back under several different repayment plans, and may be eligible for forgiveness under the Public Service Loan Forgiveness program.
If your application for a Graduate PLUS loan is denied, you have several options for reapplication, including obtaining the signature of a cosigner.
These loans are only available for students already in law school who take out Federal Direct Loans prior to July 1, 2026. On July 1, 2026, these loans will no longer be available for new borrowers.
Some state and private lenders offer loans. However, we strongly advise you to check repayment plans and interest rates.
Please note that these loans probably have credit requirements and are not eligible for consolidation, income-based repayment, or federal loan forgiveness programs.
To explore these types of loans, please visit here.
The Dreamers Graduate Loan Program is a first-of-its-kind program for those with DACA or TPS status. The loans offered are modeled on those available to U.S. citizens via the federal government’s Direct PLUS loan program. The advantages of the Dreamers program include 1) no fees, 2) no cosigner or minimum credit score requirements, 3) no prepayment penalties, and 4) free one-on-one financial coaching and support throughout the entire loan process for participating students. To learn more, please visit here.
