Your Financial Aid

Students may borrow federal student loans for the academic year. Graduate Plus Loans are available for the summer if the student is enrolled in six credits or more.

To qualify for a federal student loan, the student must be:

  • Enrolled at least half-time (six credits or more)
  • A citizen or permanent resident of the United States
  • Making satisfactory academic progress if already enrolled in school
  • Not in default on a previous federal student loan

For males:

  • Males 18-25 must register with Selective Service
  • Males 26 and over who did not register with Selective Service are ineligible for aid
  • Federal Unsubsidized Loans
    • The Federal Unsubsidized Loan is available to eligible students regardless of financial need (based on the FAFSA).
    • Students may borrow up to $20,500 in a Federal Unsubsidized Loan per year.
    • The Federal Unsubsidized Loan has a fixed interest rate of 6.8%.
    • Students cannot exceed a maximum aggregate unsubsidized limit of $73,000, including undergraduate loans. Borrowers are responsible for the interest that accrues while in school.
  • Graduate Plus Loan
    • Students may be eligible to borrow Graduate Plus Loans up to the cost of attendance (less other aid). The Graduate Plus loan has a fixed interest rate of 7.9%.
    • The Graduate Plus Loan goes into repayment after disbursement, but lenders grant forbearance to students until they graduate.
    • Upon graduation, Graduate Plus Loans will go into immediate repayment unless the student requests a deferment.
    • Applications for Graduate Plus Loans must be made directly with the government at www.studentloans.gov. There is no aggregate limit on the Graduate Plus Loan.
  • Perkins Loan
    • Federal Perkins loans are awarded to students with extreme financial need (based on the FAFSA).
    • A student’s maximum aggregate limit is $40,000 including undergraduate loans.
    • The annual interest rate on a Perkins loan is 5%.
    • There is a nine-month grace period before repayment begins. No interest accrues until this grace period ends.
    • For employees working in specific areas of Public Service, there is a Perkins Loan Forgiveness Program

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Have questions? We have answers.

Office of Financial Aid
One Boerum Place, 2nd Floor
Telephone: (718) 780-7915
Fax: (718) 228-6796
Email: finaid@brooklaw.edu