University of Maryland School of Law : Catalog, 1988-1989

Stein Memorial Fund—Originally
established for students in need of
financial assistance by the late
Judge Charles F. Stein of Baltimore
and continued in his memory.
Small loans of short duration to
cover emergencies may be granted
out of this fund.
C. R. Thomas Loan Fund—Established
in 1974, this fund provides
aid to culturally disadvantaged students
demonstrating financial
need.
Central Scholarship Bureau—Residents
of the metropolitan Baltimore
area (Baltimore City, Anne
Arundel, Baltimore, Carroll, Harford
or Howard Counties) in need
of financial assistance may apply
directly to the Central Scholarship
Bureau. Included among the interest-free
loan accounts administered
by the Central Scholarship Bureau
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is the Lee I. Hecht Memorial
Fund, established in 1958 in memory
of the late Lee I. Hecht of Baltimore
and his sons Alan D.
Hecht and Isaac Hecht.
Emergency Loans—Emergency
loans are designed to help solve
temporary cash flow problems,
where funds are needed immediately
and the usual resources (longterm
aid, paycheck) are temporarily
unavailable. This program
is not a long-term solution to financial
problems, but a resource in
case of threatened eviction, no
food, etc. Interested students
should contact the Student Financiat
Aid Office 328-7347.
Supplemental Loans for Students—
S.L.S. loans are made by private
lenders to graduate and professional
students. The annual maximum
is $4,000; aggregate maximum
is $15,000. The annual
interest rate is 10.2%. Interest will
accrue from the date of disbursement,
and monthly payments of
principal and interest start within
60 days of disbursement. Law students
may defer principal payments
during periods of full-time enrollment.
Guaranteed Student Loan Program—
Students may obtain education
loans through private lending institutions,
such as banks or credit
unions. In most cases, federal assistance
in the payment of the 9
percent interest can be obtained.
Lenders have limited funds for this
program; therefore, students are
encouraged to contact their lending
institutions at the earliest possible
date. Separate application
must be made on forms available
from the lending institution. Students
may borrow up to $7,500 annually.
Law School Assured Access Program—Administered
through Law
School Admission Services
(LSAS), this loan program assures
access to the Guaranteed Student
Loan and ALAS loan program for
students unable to secure such
loans through their own bank.
Perkins (NDSL) Loan Program—
The law school receives an annual
NDSL appropriation from the federal
government which is used as
part of the school's total loan
funds.