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Financial Aid Resources

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Federal Student Loans (Class of 2029 Standards)

 Loan Type Annual Limit Lifetime Limit Note
Professional Direct Loan $50,000 $200,000* New category for professional degrees.
Aggregate Total $257,500 Includes undergraduate debt.

* For a four-year program. For a standard three-year JD, the Professional Direct Loan lifetime limit is $150,000.

  • The FAFSA is required for each academic year you wish to utilize federal student loans. As graduate and professional students are considered federally independent, parent information is not required.
  • The first time you borrow federal loans you will complete the Master Promissory Note and Entrance Counseling. These items expire after 10 years; they are usually required only once during your time in law school.

**As of July 1, 2026, the Graduate PLUS Loan program has been eliminated for new borrowers. Since federal caps may no longer cover the full Cost of Attendance (COA) at many law schools, you may need to fill the gap with private options or scholarships.**

Private Lending & Collective Bargaining

Other Essential Resources

This page is intended solely for informational purposes. Inclusion of a resource on Cornell Law’s Financial Aid Resource Page does not constitute an endorsement by Cornell Law, nor does it imply any partnership or affiliation with the listed resource. Information provided here may have changed since it was first published. For the most up-to-date details about a resource’s offerings, please visit its official website or contact the organization directly.

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