Our generous donors have enacted several emergency loan funds to assist students during their legal education. The School of Law has limited funds available to law students in need of short term, emergency funds. Depending on the availability of funds, students may borrow up to $2,000. It is imperative that all borrowers abide by the repayment obligations to ensure continued availability to other students. Amounts owed are debts to the University. Failure to repay may result in the refusal to release official transcripts or the imposition of other penalties. Please see the Law School Financial Aid Office regarding the emergency loan funds.
At the current time, the following emergency loans are available to law students:
Irvin and Margaret Dagen Emergency Loan: Up to $1,000 is available to currently enrolled law students. Loan repayment is up to 6 months with a 6% interest rate if the loan is not paid in full by the maturity date.
Terry Gould Emergency Loan: Up to $2,000 is available to currently enrolled law students. Loan repayment terms will be agreed upon by the borrower, not to exceed their expected graduation date. If necessary, a 6% interest rate will apply if the loan is not paid in full by the maturity date.
Allen E. Fishman Emergency Loan: Up to $300 is available to graduating students to help with bar related expenses. Loan repayment is three years with an interest rate of 6% if the loan is not paid in full by the maturity date.
Callis Revolving Student Loan Fund: Fund was set up to help graduating students with the cost of bar prep expenses, but do not have available funds. Law students must be enrolled in their last semester of law school and have a graduation application on file. Loan repayment is three years with an interest rate of 6% if the loan is not paid in full by the maturity due date.