A relationship you can trust.
HUECU is proud to offer a favorable loan option for students of the Harvard Law School. We strive to make your time at HLS the least taxing it can be, by helping you meet your funding needs and trying to make repayment of your loans stress-free. You focus on your studies, and we’ll be here to alleviate your financial worries!
- Competitive fixed-rate options
- Flexible repayment terms
- 0.25% interest rate reduction for automatic recurring payments
- No co-signer required (0.50% interest rate reduction with qualified co-signer)
- Full deferment while enrolled at least half-time
- No prepayment penalties
- Immediate conditional approval
- U.S. bank account included with loan (at no additional cost)
- Convenient loan closing locations throughout Harvard University campuses
International Graduate Loans
|International 5 Fixed||5 Years||2.5%||5.50%|
|International 10 Fixed||10 Years||2.5 %||6.25%|
Domestic Graduate Loans
|Domestic 5 Fixed||5 Years||0%||5.00%|
|Domestic 10 Fixed||10 Years||0%||5.50%|
Who is eligible for Harvard Law School Graduate Loan?
International and U.S. domestic Harvard Law School students are eligible to apply for the Harvard Law School Graduate Loan.
If you are a domestic student, you will need one form of government-issued identification. If you are a permanent resident, we will also request a copy of your green card.
If you are an international student, documentation will include a passport, secondary form of identification issued in your home country and an F-1 Visa and I-20 or J-1 Visa and Form DS-2019.
How much can I borrow as a Harvard Law student?
The total amount Harvard Law students can borrow is dependent on the cost of attendance, loan limits determined by the school, and the financial aid office certification of your loan.
Is a co-signer required for the Harvard Law School Graduate Loan?
No. A co-signer is not required.
A credit-worthy co-signer that is a U.S Citizen or permanent resident will result in a 0.50% discount on your interest rate.
A co-signer may be released after 48 months of consecutive qualifying on-time payments. A credit check will be required at the time of release.
Who may co-sign a Harvard Law School Graduate Loan?
A credit-worthy U.S Citizen or permanent resident can co-sign a student loan application. By obtaining a co-signer for your loan, you will receive a 0.50% discount on your interest rate.
What will the interest rate be on my Harvard Law School Graduate Loan?
Your rate will be dependent on which term option you select for your Harvard Law School Graduate Loan. Each domestic and international term option carries its own rate.
You can lower your rate by 0.50% by applying with a qualified co-signer. You can also earn an additional 0.25% interest rate reduction by signing up for automatic recurring payments.
Note: There is no obligation to take the loan once you apply and are approved. We encourage you to apply and evaluate your options before making a final decision.
How are interests rates determined on your student loans?
The interest rates on both domestic and international student loans are based on the U.S. Prime Rate (which can be found in The Wall Street Journal). The variable rate programs use this Prime rate as an index to which an additional margin is added to determine a final rate; fixed rate loans are based on many economic factors for which the Prime rate can be viewed as an indicator.
The variable interest rate on all student loans is reset quarterly if the U.S. Prime Rate changes.
How is the origination fee calculated on my Harvard Law School Graduate Loan?
The International Student Loan programs have a 2.5% origination fee. The origination fee is added to the loan amount at the time of disbursement. For example, if an international graduate student requests $10,000 to be disbursed on their behalf to Harvard University, the origination fee will be $250, and the total loan amount will be $10,250.
There is no origination fee on domestic student loans.
How does interest accrue on my Harvard Law School Graduate Loan?
While your student loan is deferred during enrollment, simple interest accrues daily on the principal you borrowed. After your 6-month grace period, the interest that accrued during enrollment capitalizes, which means it is added to the principal and interest then accrues on the entire balance.
What are the repayment terms for my Harvard Law School Graduate Loan?
Students may choose full deferment while in school or choose to make payments while enrolled. The loan will officially enter repayment status 6 months after you graduate or drop below half-time, and your full amortized payment will be due each month. Your payment term will be 5 or 10 years based upon your application.
There is no penalty for early repayment.
To whom do I make payments for my Harvard Law School Graduate Loan?
All HUECU student loans are serviced by our third-party servicer, UAS. You can read more about UAS, and how to make payments, by visiting HUECU’s Student Loan Repayment webpage.