Federal Financial Aid Update
Learn about the One Big Beautiful Bill Act, passed by Congress on July 4, 2025. The law includes several important updates to federal student aid that take effect July 1, 2026.
- Unsubsidized Stafford Loans are loans for which the interest subsidy is not available and the student is responsible for the interest on the loan from the time the loan is disbursed until it is completely repaid. Students have the option to either pay the interest on a monthly/quarterly basis or to capitalize the interest.
- Interest rates are fixed for the life of the loan. The fixed interest rate is determined each year by July 1.
- Origination Fee is the fee that is deducted from the loan proceeds before the loan disbursement.
- Loan Limits for professional law students in the Juris Doctorate (J.D.) program beginning July 1, 2026 is $50,000 annually. Law students that are a legacy borrower enrolled and borrowed federal loans prior to July 1, 2026 have a loan limit of $20,500 annually.
- Repayment of the Federal Unsubsidized Loan begins 6 months after students cease to enroll at least half-time or graduation. Students can take up to 10 years to repay the loan and alternate repayment options are available that may extend your repayment term. Deferment and forbearance options are available for special circumstances.
