Law School Loans

The Law School Loan from College Ave comes with flexible repayment options and no origination fees. Plus you can apply in just three minutes for an instant decision.1

Variable Rates

2.49% - 10.45% APR

Fixed rates icon

Fixed Rates

3.99% - 11.46% APR

(all rates shown include auto-pay discounts)2

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How Much Does Law School Cost? Average Law Degree Tuition & Costs

If you’re considering law school, you know that it’s an expensive venture. But it’s a path with many opportunities beyond the courtroom. That’s why you should consider all the costs associated with law school so you’re prepared and informed before making the decision. Use our guide to explore how to get started and understand what law school costs.

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Rates & Repayment

Make Your Payments Work for You

When you start paying and how long it takes to repay your law school loans changes the cost. The sooner you start paying, and the more you pay each month, the less you’ll spend on interest charges. But don’t worry – if you need smaller monthly payments, we have options for you too.

No one’s happy with one-size-fits-all. Let’s make sure your law school loans fit your life.

Repayment Options

Full Principal & Interest Payment

Start repaying your principal and interest right away to save the most on your law school loans.

Keypoints
  • Highest in-school payment
  • Lowest overall cost
Interest Only Payment

Pay the interest charges each month as you go during school.

Keypoints
  • Moderate in-school payment
Flat Payment

Make $25 payments each month3 during school to reduce your accrued interest.

Keypoints
  • Lowest in-school payment
Deferred Payment

No in-school payments are required, but you'll pay more in interest over the life of your law school loans.

Keypoints
  • No in-school payment
  • Highest overall cost

Loan Terms Fit For Law School4

How quickly will you pay back your law school loan? We'll help you find the loan term that matches your goals and budget.

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Save More Overall

Save on total interest but make bigger monthly payments

  • 5 years
  • 8 years
  • 10 years
  • 15 years
  • 20 years
Pay Less
Pay Less Monthly

Make smaller monthly payments but pay more in interest overall

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Advanced Law School Loans

You’re dedicated to the law, and we’re dedicated to you. We offer great rates and put you in control of how quickly you pay back your law school loan. You’ve picked your career with confidence – now you can pay for your law degree the same way.

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How our Law School Loans Compare

Lenders

College ave student loans
Discover
Sallie Mae
citizens-bank
Number of Repayment Options
4
4
3
3
Choice of loan terms (years you take to repay)
Yes
No
No
Yes
Apply in 3 Minutes
Yes
No
No
No
Grace Period
9 months
9 months
9 months
6 months
Deferment During Clerkship
Yes
No
Yes
Yes

Comparisons based on information obtained on lenders' websites as of September 30, 2022.

College ave student loans

Number of Repayment Options

4

Choice of loan terms (years you take to repay)

Yes

Apply in 3 Minutes

Yes

Grace Period

9 months

Deferment During Clerkship

Yes
Discover

4

No
No

9 months

No
Sallie Mae

3

No
No

9 months

Yes
citizens-bank

3

Yes
No

6 months

Yes

Comparisons based on information obtained on lenders' websites as of September 30, 2022.

KS

Kristen S.

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College Ave customer service is great.

College Ave made the loan process easy. They communicated every step of the way and included weekly status updates. They have several loan options and were competitive on interest rates.

KM

Kim M.

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Outstanding!

It is very easy to apply, once you get approved they will send confirmation to the school and you can start your class. They have the best customer service.

ES

Emma S.

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Very Helpful and Good

When I was in need of money to pay for graduate school, College Ave came through with affordable options. Very good.

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Focus on preparing for the bar exam, not how to pay for it.

The College Ave Bar Study Loan covers exam fees, test prep fees and living expenses for recent law school graduates.

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Overwhelmed? Don't Be!
Just Follow These Easy Steps

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in-school payments
person browsing College Ave Student Loans application loan options
car driving
Auto-pay set up

90 Days before school starts

Think about how much money you’ll need to borrow and who might cosign the loan with you.

60 Days before school starts

Start shopping around for the best loan by getting quotes, rates and terms from several lenders and know for sure who your cosigner will be.

30 Days before school starts

Apply for your student loan. Once approved we’ll work with your school directly to certify the loan.

10 Days before school starts

Make sure you’ve received confirmation that the money is scheduled to be sent to your school.

30 days after the money is sent to your school

Be on the lookout for your first loan statement. If you’re making payments right away, consider signing up for autopay.

8 Things You Need to Know About College Award Letters

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You’ve Got This, We’ve Got You

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Are international students or cosigners eligible for your law school loans?

International students with a valid US social security number are eligible to apply for a student loan with College Ave Student Loans.

In order to be approved for a College Ave student loan, an international student will be required to apply with a qualified cosigner.

How much of my education costs will this loan cover?

Credit-worthy applicants can borrow up to 100% of the school-certified cost of attendance5, which typically includes things like tuition and fees, books and supplies, room and board, transportation and personal expenses. The minimum amount you can borrow is $1,000.5

  1. You must be enrolled in a Juris Doctor (JD) degree program at an eligible school to qualify for the College Ave Student Loans Law School Loan.
  2. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.
  3. This informational repayment example uses typical loan terms for a first year law school student borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 6.34% fixed Annual Percentage Rate (“APR”): 42 monthly payments of $25 while in school, followed by 96 monthly payments of $151.86 while in the repayment period, for a total amount of payments of $15,703.15. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
  4. This informational repayment example uses typical loan terms for a first year law school student borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 6.37% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $143.25 while in the repayment period, for a total amount of payments of $17,189.59. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
  5. As certified by your school and less any other financial aid you might receive. Minimum $1,000. Maximum $150,000.