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My parents want to contribute somewhat to my law school tuition, but they would prefer to structure their contributions as loans rather than contributing a lump sum. Can they borrow from the federal government for this?

I believe parents only qualify for undergraduate work. They would need to go private but depending on credit may qualify for some pretty low rates, possibly lower than federal loans.

coskigirl wrote:I believe parents only qualify for undergraduate work. They would need to go private but depending on credit may qualify for some pretty low rates, possibly lower than federal loans.

Thank you. Do you know which lenders they should approach? Also, what's the federal interest rate for student borrowing?

watered wrote:

coskigirl wrote:I believe parents only qualify for undergraduate work. They would need to go private but depending on credit may qualify for some pretty low rates, possibly lower than federal loans.

Thank you. Do you know which lenders they should approach? Also, what's the federal interest rate for student borrowing?

There are probably hundreds of lenders that offer education or personal loans.

https://studentaid.ed.gov/sa/types/loans/interest-rates