Students must be enrolled at least half-time to be eligible for financial aid
- Half-time enrollment for day students is six units
- Half-time enrollment for evening and LLM students is four units
- Students attending summer session must enroll in a minimum of two units to be considered for financial assistance
- The student has the right to cancel all or a portion of the student loans within 14 days of the funds being received by the Law School.
- This request for return of funds must be in writing by the student and submitted to the Office of Financial Aid.
- Students who had loans at another postsecondary institution are eligible for deferment if they are enrolled at least half-time.
Satisfactory Academic Progress
- LLS students have a maximum of five years to complete their program.
- LLS students must also maintain a grade point average that entitles them to a status of good standing.
- A student is not eligible to receive federal funds for any course he/she is repeating. If a student withdraws from a course with a notation of "W" on his/her record, and enrolls in the same course in a subsequent semester, that course is considered to be a repeated course for the purpose of determining financial aid. If this information is not ascertained until after financial aid awards are allocated, the federal funds may be returned to the original source or a student's financial aid award may be adjusted for the subsequent academic year.
Refund/Repayment of Financial Aid
- Students who withdraw or take a leave of absence from the Law School are entitled to a refund of tuition and mandatory fees in accordance with the schedule outlined in the Tuition Liability/Refund Policy.
- Federal financial aid regulations require the Office of Financial Aid to determine if any federal student aid should be returned whenever a student withdraws, drops out, takes an unapproved leave of absence, is expelled or otherwise fails to complete the period of enrollment for which he/she was charged.
- LLS will return funds according to a schedule regulated by the Department of Education. That schedule determines how much money the student has "earned" and is allowed to keep toward tuition and fee charges. The percentage of funds the student is allowed to keep is calculated by dividing the number of days the student attended LLS by the actual number of days in the term. See example below.
- Federal funds will be returned in the following order:
- Direct Unsubsidized loan
- Direct Subsidized loan
- Perkins loan
- There is a separate schedule of tuition charges calculated by the Office of Student Accounts. This is not the same schedule as the financial aid schedule. Since the two schedules are so different it is very likely the student will be charged more tuition than the amount of financial aid he/she will be allowed to keep. Most students who withdraw during the term end up owing the Student Accounts Office.
Example: Financial Aid Schedule
- Student withdraws on the 23rd day of a 121 day term
- Student is entitled to "keep" 19% of his/her financial aid (23/121 = 19)
- Student has $ 10,250 in financial aid ($4,250 Direct subsidized and $6,000 Direct unsubsidized)
- Student is eligible to keep $1,947.50 ($10,250 X 19%)
Example: Student Accounts Schedule
- Student withdraws on the 23rd day of the term
- Student is charged 30%
- 30% charge for a continuing day student would be $5,494.20
- $5,940.20 -- Student Accounts charges
- $1,947.50 -- Amount of aid student is allowed to keep
- $3,546.70 -- Amount student will owe Loyola Law school