New loan program eliminates private banks and co-signers for University of Kansas law students
KU Law has implemented an interesting strategy to assist those of its students who need to borrow in excess of $50,000 per year to finance their legal educations. The University’s foundation will fund “fixed 5% interest rate [loans for KU law students] with flexible repayment terms . . .”J-HELPS loans are provided by KU Endowment, a non-profit association founded in 1891 whose sole mission is to support the University of Kansas and its students. Under the program, full-time KU Law students with a minimum 2.0 GPA may access loans with a fixed 5% annual interest rate, obtain a loan without a co-signer and avoid private bank loans with higher interest rates. J-HELPS is available to U.S. citizens and permanent residents. Loans include a 2% origination fee. Borrowers must first maximize their eligibility under the federal loan program, and total loans may not exceed the cost of attendance.
