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Loans on this list are available to all HLS International Students (J.D., LL.M., and S.J.D.). Important: J.D. students with further questions about the Preferred Lender List may contact J.D. Student Financial Services, and LL.M and S.J.D. students may contact the Graduate Program Financial Aid Office.

Students attending HLS may choose any loan program and are not required to borrow from the lenders on the Preferred Lender List. It is possible that students could obtain better rates or terms from lenders not on this list. U.S. citizens and legal permanent residents may qualify for U.S. federal student loans and the terms and conditions of these federal funds may be more favorable than the terms and conditions of private education loans. Students from OFAC Sanctioned Countries may not be eligible for the loan programs on the Preferred Lender List.

We recommend that J.D. students review the “How Do I Choose A Loan Program?” and “Learn more about Student Loans” pages before applying for a loan. International J.D. students may want to review our page with Additional Loan Information for International J.D. Students. Harvard University also maintains a separate list of credit-based loan options.

Please note that if you are interested in applying for a College Ave Loan, have a non-US IP address, and are unable to complete your loan application, you may need to access the application through a VPN.  You may access the application by using the HLS VPN link.

Preferred Lenders at a Glance for the 2024-25 Academic Year

This is a quick guide to the highlights of each loan program. Although we have attempted to provide accurate information, borrowers should review and verify the exact terms, conditions, qualifications, and disclosures associated with any loan product with the lender. Students attending HLS may choose any loan program and are not required to borrow from the lenders on the Preferred Lender List. It is possible that students could obtain better rates or terms from lenders not on this list.

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In addition to the federal and private loan programs listed above, some students qualify for Harvard Law School Loans. There is no application for HLS loans other than your application for need-based financial aid. Eligibility for these funds is limited and determined in the following way:

J.D. students who are eligible for HLS grant assistance also qualify for an HLS loan. Students should review the terms of this loan and compare them to the options listed on this preferred lender list in order to make an informed decision before taking any action to accept or decline the loan via your SFS portal. (See Step 3 of the overall financial aid process for more on this.)

LL.M. students from certain countries with need-based financial aid may qualify for an HLS loan. The Graduate Program will inform students of their eligibility.

Harvard Law School Subsidized Loan
Interest Rate for 10 Year Loan Term5% Fixed
Loan FeesNone
Estimated Repayment Cost per $10,000*$12,728.40
DefermentPrincipal and interest payments deferred while student is in school

6 month grace period following in-school deferment
ForbearanceAt lender’s discretion in cases of financial hardship, may be granted for up to 12 months (in either 3 or 6-month increments); can be used during a judicial clerkship; additional forbearance may be available at lender’s discretion

* This estimated repayment cost was calculated by HLS Student Financial Services based on a single disbursed amount of $10,000 repaid over a 10-year term, with loan fees added to the amount borrowed, and interest accrued during a 40-month in-school deferment and grace period capitalized (added to the outstanding principal) when repayment begins. Because lenders may use different assumptions about deferment and disbursement, these estimates may differ from repayment cost estimates provided by the lenders under Truth in Lending Act (TILA) requirements.

The table above provides a quick overview of preferred lender programs. More loan program details can be reviewed by downloading the Full Program Details PDF.

Other Important Information

The private lenders on the Preferred Lender List are not affiliated with each other or with Harvard University. The private lenders on the list were selected through a Request for Proposal (RFP) process conducted in February 2024. The RFP was posted on the Massachusetts Association of Student Financial Aid Administrators (MASFAA) listserv which includes both local and national lenders. A committee including members of Harvard Law School Student Financial Services and members of the Harvard Central Financial Administration evaluated the RFP responses. In choosing the lenders and loan products for the Preferred Lender List, proposals were evaluated based on competitiveness of interest rates and fees, borrower benefits, deferment and forbearance provisions, and customer service. You can view the RFP request and a description of the 2024-25 Preferred Lender List Selection Process.

The Higher Education Opportunity Act of 2008 (HEOA) requires institutions participating in the federal student loan programs to develop, publish and enforce a code of conduct with respect to student loans. Harvard University is committed to the highest standard of ethics and conduct. Financial aid staff are bound to the conflict of interest and commitment policies applicable to Harvard employees.  Additionally, to comply with the HEOA, Harvard has adopted the federally mandated Code of Conduct to address specific legislative concerns relating to educational loan programs.

Lenders of private education loans are required to collect from all borrowers a completed and signed Private Education Loan Applicant Self-Certification Form prior to disbursing the loan. Individual lenders should have copies of this form on their websites and typically have implemented their own procedures for collecting the form as part of the loan application process. We recommend contacting your lender directly if you have specific questions about the process for submitting this form.