Funding Options

Funding Your Law Degree

Just as each law student is unique with a unique budget, there is a variety of ways that students can fund their law degree. Most Detroit Mercy Law students finance their education through a combination of graduate student loans (including both federal and private loan programs), line of credit (Canadian students), scholarships (both Detroit Mercy Law Scholarships and external scholarships), and income from employment or savings.

Loans

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    U.S. Federal Loans

    Federal Direct Unsubsidized Stafford Loan

    Federal Direct Unsubsidized Stafford Loans are long-term, low-interest education loans. This is the most common federal loan. 

    Interest Rate:  This loan is an unsubsidized loan meaning that the loan will begin accruing interest as soon as it disburses to your Detroit Mercy account.

    •  Disburses between July 1, 2020 – June 30, 2021 - 4.30% fixed for the life of the loan.

    Maximum Annual Amount: The maximum annual amount for the Direct Unsubsidized Loan is $20,500 during the academic year. Students enrolling in summer course work may qualify for additional Direct Unsubsidized funds.

    Origination Fee: Federal student loans have a loan fee that is a percentage of the total loan amount. The loan fee is deducted proportionally from each loan disbursement you receive. Therefore, the net result disbursed is less than the loan amount approved.

    • Disbursed on or after October 1, 2019, and before October 1, 2020, an origination fee of 1.059% is deducted automatically from amounts borrowed on these loans.

    Repayment start date: Repayment beings 6 months after you graduate or you cease to be enrolled at least half-time.

    Graduate PLUS Loan

    Federal Direct Graduate PLUS Loans are long-term, low-interest education loans. The PLUS loan is a credit-based loan, but students with adverse credit may still be eligible if they appeal their credit and/or have an endorser. 

    Interest Rate:  This loan is an unsubsidized loan meaning that the loan will begin accruing interest as soon as it disburses to your Detroit Mercy account.

    • Disbursing July 1, 2020 - June 30, 2021 - 5.30% fixed for the lifetime of the loan.

    Maximum Annual Amount: The PLUS does not have any annual borrowing maximums, so this loan may be used to bridge the gap between all other forms of funding and aid, and your total cost of attendance.

    Origination Fee: A loan origination fee is an upfront fee charged by a lender for processing the loan. The loan origination fee is deducted automatically from amounts borrowed from these loans prior to the fund disbursing to your Detroit Mercy student account. Therefore, the net result disbursed is less than the loan amount approved.

    • Disbursed on or after October 1, 2019, and before October 1, 2020, the loan origination fee is 4.236%. This amount will automatically be deducted from your loan prior to the funds being received at Detroit Mercy.

    Repayment start date: PLUS graduate loans enter repayment once the loan is fully disbursed. However, as a graduate student, your loan will be placed into deferment while you are enrolled at least half-time and for an additional six months after you cease to be enrolled at least half-time.

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    Private Loans

    Students can also apply for private, credit-based loans to cover all or a portion of their cost-of-attendance. Comparing the various loans can seem overwhelming, therefore the University has an excellent tool called ELMSelect that helps students compare a few private lenders who have been reviewed by a University-wide committee. This comparison tool assists students in the information gathering process. 

    This list is not exhaustive. You are not required to borrow from one of the lenders listed here. We acknowledge that you may be offered more favorable terms from lenders you find elsewhere. You may choose to borrow from any lender without penalty.

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    Loans for International Students

    Non-U.S. citizens do not qualify for U.S. Federal Financial Aid programs unless the applicant is also a U.S. citizen or permanent resident of the U.S. (“Green Card”). 

    1. If you do not qualify for U.S. federal student aid we advise that you check with your home country to see if loans to study in the U.S. are available.
      • Canadian students should contact their appropriate Provincial and Territorial Student Assistance Office for information on loans, scholarships, and bursaries for studying in the US.
      • Many of our students who are Canadian citizens take out a line of credit through one of the Canadian banks. For more information, visit the Government of Canada's page on Student Lines of Credit.
    2. Next, some U.S. lenders offer credit-based educational loans to international students if they apply with a credit-worthy U.S. citizen, permanent resident, or eligible non-citizen co-borrower. If you are able to secure a qualified co-borrower we urge you to do so and consider loans of this type, because approval and more favorable terms will be more likely. ELMSelect is a good place to start.
    3. If you are an international student seeking to borrow without a co-borrower you will find fewer lenders from which to choose. The lender listed below does not require a U. S. citizen, permanent resident, or eligible non-citizen co-borrower, however, their interest rates and other terms may be less favorable. Certain restrictions apply as noted.
      • MPower Financing: Offers loans to eligible international students, who are enrolled in a degree program and are within two years of graduation.

Scholarships

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    1L Detroit Mercy Law Scholarships

    For details regarding Detroit Mercy Law Scholarships for incoming students, please refer to the scholarship section of our page. These scholarships are made at the time of admission or by the admission committee shortly after admission. The financial aid office is not involved in the initial awarding of these scholarships.

    In upper-level years, there are additional scholarships (both Detroit Mercy and external) that are students are available. 

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    1L External Scholarships

    There are external scholarships specifically for first-year law students. We will update this page as more scholarships are brought to our attention. In order to be eligible for most scholarships, applicants are required to submit an offer of admission. The scholarship funds are typically sent directly to the University to be applied to a student's tuition and fees unless otherwise indicated on the scholarship. 

    There are additional scholarships posted on the current student financial aid scholarship page. Some of these scholarships are open for graduating seniors, incoming law students, and current law students.

    Scholarships are listed by the application deadline.

    December Deadline

    • Sidney B. Williams, Jr. Scholarship - This $30,000 scholarship is spread over three years of study and is awarded to entering law students with a demonstrable interest in exploring a career in patent law. Applicants must be members of a racial or ethnic group currently underrepresented in the patent law profession. The scholarship is awarded through the Foundation for Advancement of Diversity in IP Law. Deadline December 31, 2020

    March Deadline

    • ABA Legal Opportunity Scholarship - The American Bar Association awards an annual Legal Opportunity Scholarship to first-year law students. The mission of the program is to encourage racial and ethnic minority students to apply to law school and to provide financial assistance to attend and complete law school. The ABA Legal Opportunity Scholarship grants 10 - 20 incoming diverse law students with $15,000 of financial aid over their three years in law school. Deadline March 2

    April Deadline

    • The Law Offices of Jon Friedman will be awarding a $500 scholarship to a student pursuing an undergraduate degree in pre-law studies, or a student entering law school in the Fall semester. This scholarship is to be used exclusively for tuition or other related expenses. Students must be accepted into a program at any U.S. school for Fall 2020 and have a GPA of 3.0 or above. Deadline April 15

    May Deadline

    • Earl Warren Scholarship - This $30,000 scholarship from the NAACP Legal Defence and Education Fund, Inc, is spread over three years is awarded to students who are committed to racial justice and intend to practice as civil rights and public interest attorneys. Deadline May 1
    • Guajardo & Marks, LLP Law School Scholarship - Scholarship applicants must submit a sample of their writing which has previously been published. Deadline May 1
    • The Mann Law Firm Legal Scholarship - Scholarship applicants must submit a sample of their writing which has previously been published. Deadline May 1
    • The Stoddard Firm Legal Scholarship - Scholarship applicants must submit a sample of their writing which has previously been published. Deadline May 1

    June Deadline

    • One Lawyer Can Change the World Scholarship -  Every year, Law Preview awards one hard-working incoming 1L $10,000 towards their first year. Deadline June 1
    • The Lloyd M. Johnson, Jr. Scholarship - The LMJ Scholarship is a diversity pipeline program that seeks to nurture the academic and professional careers of outstanding law students. The scholarship is open to women and diverse students who have: been accepted to an ABA-accredited law school on a full-time basis; an outstanding or promising academic record; an interest in corporate law; demonstrated community service and leadership qualities; a financial need; and a commitment to diversity, inclusion, and equity. The LMJ Scholarship grants scholarships of $10,000 to students for their first year of law school. Deadline June 1

    July Deadline

    • Dwyer Williams Cherkoss Attorneys, PC is pleased to announce a scholarship available to students anticipating law school in the Fall of 2019. The $1,000 scholarship is intended to help defray first-year expenses. Deadline July 1
    • Michal P. Fleming & Associates is proud to offer the Fleming Law Scholarship of $1,000 scholarship for first-year law students in the United States. Applicants must submit an essay (minimum 500 words) on an area of personal injury or civil litigation law. Deadline July 1
    • Patrick Malone & Associates "Representing Real People" Scholarship:  Patrick Malone & Associates is offering two scholarships of $5,000 each to law students committed to a career representing individuals. The goal is to make a dent in the high cost of law school for students who want to represent individuals, to make it a little easier to choose such a career path. Deadline July 1
    • Bey & Associates, LLC is offering a $1,000 scholarship to students who are planning to attend their first year of graduate school in the upcoming fall semester. To apply, you must submit a 500+ word essay in response to this topic: What does leadership mean to you and what are your personal goals regarding being a leader within your community? Deadline July 17
    • Corban Gunn, Attorney at Law is offering a $1,000 scholarship to students who are planning to attend their first year of graduate school in the upcoming fall semester. To apply, you must submit a 500+ word essay in response to this topic: How do you define success? Is this definition different for your own success versus the success of others? Deadline July 17
    • Thomas Law Offices is offering a $1,000 scholarship to students who are planning to attend their first year of graduate school in the upcoming fall semester. To apply, you must submit a 500+ word essay in response to this quote by Arthur C. Clarke, "Two possibilities exist: either we are alone in the Universe or we are not. Both are equally terrifying."  Deadline July 17

    Please note that these sites are not affiliated with Detroit Mercy Law and therefore Detroit Mercy Law cannot verify the accuracy of their content.

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    Detroit Mercy Upper Level Scholarships

    Detroit Mercy Law awards a variety of institutional scholarships to upper-level students each year, including Dean's Scholarships for academic excellence, leadership scholarships, and endowed scholarships.

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    External Scholarships for Current Students

    The financial aid staff members work closely with the Career Services & Outreach team and the Academic Success and Bar Preparation Department to assist current students in applying for external scholarship funding. There are various external scholarships available for students once they have begun their first year of law school.
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    External Scholarship Databases

    The following databases may be helpful to you in locating resources outside of Detroit Mercy that match your interests and background. Please note that these sites are not affiliated with Detroit Mercy Law and therefore Detroit Mercy Law cannot verify the accuracy of their content.

Student Employment Programs

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    Federal Work-Study Program

    Students who demonstrate financial need may be employed at Detroit Mercy Law through the Federal Work-Study program for a maximum of 20 hours per week during the regular academic year. Students desiring a work-study award are encouraged to submit their FAFSA before April 1 each year as funds are limited. Law students who qualify for work-study funds may find positions at the School of Law as a library assistant, office assistant, teaching assistant, research assistant, or clinic assistant or in law-related jobs with nonprofit agencies.

    Due to the study demands of the 1L curriculum, most first-year law students choose to decline their federal work-study. If a federal work-study position is declined, students may convert those funds into federal loans.

    The standard work-study award is $3,000 for the academic year or $1,500 per term.

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    Non-Work-Study Employment

    For students who are not eligible for federal work-study, there are opportunities for employment as teaching assistants, research assistants, and clinical assistants. There are limited positions available for students in their upper-level years.

Payment Plans

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    Monthly Payment Option (CashNet)

    University of Detroit Mercy offers this payment option to help you afford your education expenses. You may enroll in the Interest-Free Monthly Payment Option, which allows you to maximize your savings and income by spreading your education expenses over interest-free monthly payments.

    The Interest-Free Monthly Payment Option allows you to choose 10 or nine monthly payments if enrolling for the academic year, or five or four monthly payments if enrolling in a semester plan. These convenient options eliminate larger annual or semester payments. Your only cost is a $60 enrollment fee for the full year or a $35 fee for each semester. You will have toll-free access to knowledgeable and friendly education payment counselors six days a week and automated account access every hour of every day. 

    Please note that credit/debit payments to Cashnet Payment Plans will be charged a 2.75 percent convenience fee.

    Detroit Mercy offers these services in partnership with Cashnet Payment Plans

    The payment plan can be accessed through My Portal