UDM Law announces tuition freeze for 2015-16

UDM Law announces tuition freeze for 2015-16

  • UDM Board of Trustees approves tuition freeze for all current and incoming Law students
  • Press Release
  • Apply Now

MCELROY LECTURE ON LAW AND RELIGION

MCELROY LECTURE ON LAW AND RELIGION

Nelson Tebbe will present the annual McElroy Lecture on March 4 at 5:00 pm. See Events Below

HANDS-ON LEARNING FROM DAY ONE

HANDS-ON LEARNING FROM DAY ONE

  • * A legal writing program that starts in the first year and continues through the upper level courses.
  • * A clinical program that entitles every student to the opportunity to represent a live client.
  • * A unique law firm program that allows students to engage in simulated cases and transactions in specific practice areas.

DEDICATED TO SOCIAL JUSTICE

DEDICATED TO SOCIAL JUSTICE

  • * Committed to developing lawyers who serve the public good
  • * Committed to serving the Detroit community
  • * Founded on Jesuit and Mercy principles of service and the success of each individual

Study Internationally

Study Internationally

  • * Dual degree program with the University of Windsor
  • * Extensive international law and comparative law courses
  • * Established relationship with Universite d"Auvergne in Clermont-Ferrand, France

EXPAND YOUR CAREER OPPORTUNITIES

EXPAND YOUR CAREER OPPORTUNITIES

  • * Downtown Detroit Location provides proximity to courts and employers
  • * Strong Alumni Network dedicated to supporting UDM graduates
  • * ability to pursue a concentration in Immigration Law

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BAR STUDY LOANS

Bar study loans are private alternative loans through a bank or other lending agency.  These loans are designed to assist students to cover costs of bar exam fees, bar review courses, travel to the location of the bar exam, and living expenses while studying for the bar exam.

Being private loans, each bar loan will have its own terms. Lenders will evaluate a student’s application based on the student’s credit rating and other criteria.  Most if not all of these loans will have a variable interest rate with no cap on the interest amount; a limited number of years for repayment with few or no deferment or forbearance provisions; and no cancellation for death or disability.  Bar loans may also have an origination fee which is deducted from the proceeds when a student receives a disbursement and/or a fee that is added to the loan balance at repayment.  Bar loans are not federal loans nor are they federally guaranteed, which means that there are no special programs like income-based repayment or loan forgiveness, and few if any options for consolidation or interest-rate reductions.

Most lenders require a credit score of at least 650 to 700 to approve a student’s bar loan application.  Lenders are generally more concerned about a student’s payment history than debt-to-income ratio as lenders are aware that most students are not working full time while in school.  However, there are lenders that will not lend to students with total debt over certain limits. 

Students who do not qualify for a bar loan on their own may be able to apply for funds with a co-signer.  This will usually result in the student being charged the highest interest rate and fees at which the lender will still fund loans.  Students who do qualify on their own might want to ask the lender if they could receive better terms (interest rates and fees) with a creditworthy co-signer. 

Bar loans generally have a lifetime maximum limit of $10,000 to $15,000.  Most lenders will not accept an application from a student who has already obtained a bar loan from another lender.

Some lenders will allow a student to borrow a loan but receive funds in up to four disbursements in order to meet the student’s needs without accruing interest on the undisbursed amounts of the loan.  This saves the student money and gives the student the opportunity to delay, reduce or cancel later disbursements without penalty if those funds are not needed.

Students who need assistance with the costs of registering for the bar exam would be better to request a re-evaluation of their federal loans once they have documented the cost and the registration.  Federal loans may be awarded for the first bar exam fees only.  Generally the loan that the student receives is the Federal Graduate PLUS loan. 

Just a note about interest rates—

A Bar or other private alternative student loan will almost universally carry a variable interest rate that is based on two parts:  a standard index, such as Prime Rate or LIBOR (London Interbank Offered Rate), which are rates at which banks can borrow; plus a margin which allows the lender to make a profit. The standard indices are now at extremely low levels—LIBOR under .6 percent and Prime around 3.25%.  Because these are so low and banks are much more risk-averse since 2008, interest rates are similar to those from 2008 or earlier – or between about 7.5 and 14%.  This means the margins have increased significantly since 2008 when LIBOR was running around 4.5% to 5% and Prime was around 7-8%.  Should Prime and LIBOR increase significantly, so will the interest rate on these student loans and there is no “cap” or limit on the interest rate or the monthly payment amount the bank charges based upon their formula.  Thus, a student who signs a promissory note specifying an interest rate of LIBOR plus 7% may have a 7.5% interest rate now, but if LIBOR returns to pre-2008 rates, a student could easily have a 12% interest rate in a few years. It is important that students read all the terms and conditions on the promissory note before accepting funds from the lender as origination fees may still be charged on loans that are disbursed and then returned.

University of Detroit Mercy does not have a preferred lender list for Bar Loan lenders so students may want to do an internet search of banks and other lenders that provide these loans.

EVENTS


March 14, 2015 - Prospective Student Open House - UDM Law Campus

Saturday, March 14, 2015 - 9:15 am

Find out why men and women have been choosing UDM Law for over 100 years for their legal education.  Learn how UDM Law not only teaches you the law, but teaches you how to be a lawyer.  Through your education here, you will become a lawyer who makes a difference in your workplace and your community.  

Attendees will have the opportunity to tour the campus and speak with admissions representatives, faculty, and current students.  

NEWS

  • DUAL JD STUDENT CHRISTOPHER MACAULAY TAKES TOP HONORS IN NIAGARA INTERNATIONAL MOOT COURT COMPETITION

    Dual JD student Christopher Macaulay competed in the 2015 Niagara International Moot Court Competition in Washington, D.C., as a member of the University of Windsor team.  The team placed first overall in the competition, Christopher won Fourth Best Advocate, and the team won awards for Best Team Applicant Argument Runner-Up and Best Team Applicant Memorial (tied for first place).  The problem dealt with immigration, human rights, and Great Lakes environmental law issues.

  • PROFESSOR BROUGHTON TO PRESENT AT SYMPOSIUM ON THE DEATH PENALTY DEBATE IN THE UNITED STATES

    Professor J. Richard Broughton will present at a symposium hosted by the Journal of Public Law and Policy at Hamline University School of Law in Saint Paul, MN, on March 27 entitled, “The Death Penalty Debate in America:  Effectiveness, Fairness, Constitutionality, and Other Considerations.”  This symposium will gather scholars, policy makers, activists, and community members to discuss capital punishment in America both at the state and federal level.  Professor Broughton will discuss various constitutional and policy arguments in favor of capital punishment.

  • UDM SCHOOL OF LAW ANNOUNCES TUITION FREEZE FOR 2015 – 16

    UDM Law will freeze tuition for all current and incoming students for the 2015 – 2016 academic year. "At UDM Law, we are committed to the success of each student," said UDM School of Law Dean Phyllis L. Crocker. "Our hope is that freezing tuition at current levels will relieve some of the financial burden on our students."

    Eyad Fakhoury, a third-year law student and President of the Student Bar Association, commented on the School's announcement: "A tuition freeze is a step in the right direction and is very important to UDM Law students because it alleviates one of our many concerns and stresses of law school. It is essential for our students to plan ahead with budgets, and this tuition freeze makes our legal education more affordable and predictable. This freeze shows UDM Law's focus on the lowest cost, highest value education."

    Press Release

  • PROFESSOR BROUGHTON COMMENTS IN LAW360 ON ALABAMA CHIEF JUSTICE'S STAND AGAINST SAME-SEX MARRIAGE

    On February 9, Professor J. Richard Broughton commented in Law360, a national legal news service, on Alabama Chief Justice Roy S. Moore's decision to order local probate judges to deny marriage licenses to same-sex couples despite the U.S. Supreme Court's refusal to stay the unions.

    Ala. Chief Justice Risking Seat With Same-Sex Marriage Stand, Feb. 9, 2015, Law360

  • UDM Law Warming Center Clinic on Tenant Rights

    Thirteen UDM first-year law students assisted attorneys from Legal Aid and Defender Association, Neighborhood Legal Services, and Detroit Center for Family Advocacy at a Clinic UDM Law hosted at Ss. Peter & Paul Jesuit Warming Center on January 15.  The students and attorneys provided information and individual consultations to 35 guests on housing related matters.  Additionally, Sydney Booth ('14), a participant in UDM's Solo and Small Firm Incubator Program, introduced her newly formed law firm, Rushing Law, and conducted a short presentation on Criminal Expungement.  

    >>

  • PROFESSOR DUBIN COMMENTS ON HIGH PROFILE CASES IN THE NEWS

    Professor Larry Dubin recently commented in The Detroit News on two high profile federal cases.  First, he discussed the DeBoer case, which challenges Michigan's ban on same-sex marriage as unconstitutional.  The U.S. Supreme Court ruled on January 16 that it would accept the case.  Professor Dubin stated in part, "Public opinion has shifted greatly, making this an issue that needs to be resolved due to the conflicting federal law that now exists."

    On January 23 and 25, Professor Dubin discussed the Kazan case, in which a Muslim woman filed suit against the City of Dearborn Heights and its police department, alleging that her constitutional rights were violated when she was forced to remove her hijab when she was booked by a male officer for a traffic violation.  Professor Dubin noted that the case involves conflicting rights:  "Ms. Kazan is entitled under the First Amendment protection of her religious beliefs including the wearing of a hijab, which may cover part of her face.  However, the police have the right to process a person who is being arrested."

    Justices to rule on same-sex marriage, Jan. 16, 2015, The Detroit News (quoting Prof. Lawrence Dubin)

    Woman sues Dearborn Heights for forced hijab removal, Jan. 23, 2015, The Detroit News (quoting Prof. Lawrence Dubin)

    Meet the Women Suing a Michigan Police Department and Standing Up Against Islamophobia, Jan. 25, 2015, Mic Network (quoting Prof. Lawrence Dubin)