Loans

Many of our students and families find loans to be an important tool to help finance their education at Lewis & Clark. We recommend that students budget carefully and borrow conservatively.

If you’re ready to secure your loan funding, select your student or loan type below:

Otherwise, scroll down for more information about the types of loans offered at Lewis & Clark.

Loan Processing Instructions

Undergraduate StudentsGraduate
Students
Law
Students
Federal Parent
PLUS Loan

Federal Direct Loans

Subsidized

  • 2.75% fixed interest rate for loans disbursed between July 1, 2020, and June 30, 2021.
  • Subsidized (no interest) while the student is enrolled at least half-time and during the grace period.
  • Need-based; check your financial aid offer to see if you’re eligible.
  • Learn more about Federal Direct Loans.

Unsubsidized

  • The fixed interest rate for loans disbursed between July 1, 2020, and June 30, 2021:
    • For undergraduate students: 2.75%.
    • For graduate and law students: 4.30%.
  • Unsubsidized: interest starts accruing immediately after the loan is posted to the student’s account.
  • Not need-based; check your award notification for the amount.

Federal Direct PLUS Loans for Parents of Undergraduate Students

  • 5.30% fixed interest rate for loans disbursed between July 1, 2020, and June 30, 2021.
  • Unsubsidized: interest starts accruing immediately after the loan is posted to the student’s account.
  • Not need-based; may borrow up to the cost of attendance minus all other financial aid.
  • Learn more about the Federal Direct PLUS Loan for Parents.

Federal Direct PLUS Loans for Grad & Law Students

  • 5.30% fixed interest rate for loans disbursed between July 1, 2020, and June 30, 2021.
  • Unsubsidized: interest starts accruing right away.
  • Not need-based; may borrow up to Cost of Attendance minus all other financial aid.
  • Learn more about Federal Direct PLUS Loans for Grad and Law Students.

Private Loans

  • Interest rate: variable, depends on borrower’s credit.
  • Unsubsidized: interest starts accruing right away.
  • Not need-based; may borrow up to Cost of Attendance minus all other financial aid.
  • Learn more about Private Loans.

Bar Study Loans

  • Interest rate: variable; depends on borrower’s credit.
  • The borrower must be a 3rd or 4th-year law student.
  • Learn more about Bar Study Loans.

 

Loan Repayment

  • Exit counseling and packets
  • What if you can’t pay your student loan bills?
  • Strategic repayment
  • Consolidation
  • Loan forgiveness programs
  • Learn more about Repayment Options.