Are federal student loans available?
Most George Mason law students rely very heavily on the federal student loan programs. Students who are U.S. citizens qualify to borrow up to $18,500.00 per year in federally-guaranteed loan funds. (Non-U.S. citizens do not qualify for these programs and must resort to private loans.) Of that $18,500.00, up to $8,500.00 may be subsidized. Interest does not accrue on subsidized loan funds while students are in school. If you qualify for the maximum of $8,500.00 in subsidized loan funds, you may borrow an additional $10,000.00 in unsubsidized loan funds. Interest will begin to accrue immediately on unsubsidized loans. If you do not qualify for the maximum of $8,500.00 in subsidized loan funds (the determination of whether you qualify for the maximum in subsidized funds is based upon your personal financial situation), you may still borrow a total of $18,500.00 in subsidized and unsubsidized funds per year. So, for example, if you qualify for $2,000.
Most George Mason law students rely very heavily on the federal student loan programs. Students who are U.S. citizens qualify to borrow up to $18,500.00 per year in federally-guaranteed loan funds. (Non-U.S. citizens do not qualify for these programs and must resort to private loans.) Of that $18,500.00, up to $8,500.00 may be subsidized. Interest does not accrue on subsidized loan funds while students are in school. If you qualify for the maximum of $8,500.00 in subsidized loan funds, you may borrow an additional $10,000.00 in unsubsidized loan funds. Interest will begin to accrue immediately on unsubsidized loans. If you do not qualify for the maximum of $8,500.00 in subsidized loan funds (the determination of whether you qualify for the maximum in subsidized funds is based upon your personal financial situation), you may still borrow a total of $18,500.00 in subsidized and unsubsidized funds per year. So, for example, if you qualify for $2,000.00 in subsidized funds, you may borrow
