Summer 2018

Summer 2018

Students interested in receiving federal loans for the summer term must complete and submit a summer Financial Aid application by the published deadline, as well as the Free Application for Federal Student Aid (FAFSA) for the current school year by the priority deadline of April 20. Non-LMU students who wish to apply to receive summer aid from their home institution must apply through their home school and submit a consortium agreement to the LMU Financial Aid Office. Students must enroll in at least two units to receive federal loans. Students who withdraw or take a leave of absence from summer courses will be subject to the Return of Title IV refund policy and the Tuition Liability/Refund policy discussed in the sections above.  

If you have not already completed a 2017-2018 FAFSA, we recommend that you complete it by April 20 to receive a summer aid award prior to the first Student Accounts summer tuition deadline of May 30. We cannot guarantee Financial Aid awards for a FAFSA received after June 1. All loan borrowers at LMU are required to complete the Free Application for Federal Student Aid (FAFSA). Although you may be approved by your lender to borrow an alternative (private) loan before submitting a FAFSA, LMU will not certify or disburse any loan funds until a FAFSA is completed.

Students who have not submitted a 2017-2018 FAFSA for the current academic should submit one prior to submitting a LLS Summer Financial Aid Application. The last date to file a 2017-2018 FAFSA is June 30, 2018. Non-LMU students who wish to apply to receive summer aid from their home institution must apply through their home school and submit a Consortium Agreement to the LMU Financial Aid Office. 

LMU considers summer school the end of the school year. Therefore, the eligibility of each student is based upon each student's remaining annual limits for grants and loans. Students who receive their maximum grant and/or loan eligibility for the Fall and Spring semesters may not have any remaining eligibility for summer financial aid.

Please review the information below on the types of award and the requirements needed to receive them for Summer 2018 enrollment. Additional enrollment rules can be found in the Policies and Procedures section of our website. 

 

  • How to Apply

    Students interested in receiving Summer Financial Aid should submit the following:

    Step 1: Complete the Law Summer Financial Aid Application.

    Step 2: Complete the Free Application for Federal Student Aid (FAFSA). If you completed the FAFSA for the 2017-2018 school year during Fall/Spring, you do not need to complete it again.

    The 2017-2018 FAFSA will no longer be available to complete after June 30, 2018 so be sure to have it completed well before this date. The FAFSA should be completed online at fafsa.gov and valid results sent to Loyola Law School. Loyola Law School's school code is #E00254.

    In order to electronically sign your form, you will need an FSA ID. In the past, families and students used a federal PIN number. These PIN numbers are now being replaced with the new FSA ID process. Even if you have an existing PIN number, you will need to follow these steps in order to Create an FSA ID. 

  • Types of Summer Aid

    To be eligible for a Federal Direct Loan, you must be an active degree-seeking student at Loyola Law School for the 2017-2018 academic year.

    • Annual maximum up to $20,500.
    • Student incurs the interest while in school but is not required to make payments until six month after graduating or dropping below half-time status.
    • Interest rate is fixed at 6%.
    • Mandatory federal origination fee is 1.066% (deducted from loan proceeds).  Origination fee may change for loans disbursed after October 1.

    Law students may apply to borrow a Federal Direct Graduate PLUS Loan to cover summer charges if they are eligible degree seeking Law student who have completed a 2017-2018 FAFSA, plan to enroll at least half-time, and meet the credit requirements.

    After you submit all required application materials and upon notification of a credit approval and the completion of a promissory note, we will add the loan to your summer Financial Aid award.

    Note: If you have already completed the 2017-2018 FAFSA and had the results forwarded to Loyola Law School you do not need to complete the 2017-2018 FAFSA again. 

    • Annual maximum is the Law School Cost of Attendance minus any other financial aid received.
    • Interest rate is fixed at 7%.
    • Mandatory federal origination fee is 4.264% (deducted from loan proceeds). Origination fee may change for loans disbursed after October 1.
    • Student incurs the interest while in school but is not required to make payments until six months after graduating or dropping below half time status.
    • Credit history is a major factor in being approved for this loan. To qualify for a PLUS Loan, you cannot have an adverse credit history.  A credit history is a summary of your financial strength, including your history of paying bills and your ability to repay future loans.  Your credit history may be considered adverse if you are experiencing any of the following credit conditions: 
      • Bankruptcy discharge within the past five years.
      • Voluntary surrender of personal property to avoid repossession within the last five years.
      • Repossession of collateral within the last five years.
      • Foreclosure proceedings started.
      • Foreclosure within the last five years.
      • Conveying your real property that is subject to a mortgage (by deed) to your lender to avoid foreclosure (deed in lieu of foreclosure).
      • Accounts currently 90 days or more delinquent.
      • Unpaid collection accounts.
      • Charge-offs/write-offs of federal student loans.
      • Wage garnishment within the last five years.
      • Defaulting on a loan, even if the claim has been paid.
      • Lease or contract terminated by default.
      • County/state/federal tax lien within the past five years.
    • Credit history is a major factor in being approved for this loan. Thus, we strongly recommend that you obtain credit reports by contacting:

    Federal Work-Study (FWS)

    Federal Work Study and Institutional Work are only available to Loyola Law School upper-division students. First year law students are eligible for summer employment after the completion of the first year (applicable to both day and evening students).

    Employment through these programs is restricted to on-campus jobs during the academic year.

    To be considered for either work program, students must complete and submit the following applications/documents by the appropriate deadline:

    • Free Application for Federal Student Aid (FAFSA)

    Employment opportunities may involve work as a research assistant to faculty members, assisting in the Law Library, or assisting in one of the Law School's administrative offices.

    A listing of available on campus positions will be included with the work study contract from Loyola Law School. A work study contract does not guarantee a job, because there are a large number of students competing for a limited number of approved positions.

    Alternative (Private) Loans

    If your maximum Federal Direct Loan and/or PLUS loan amount(s) do not meet all of your educational expenses, you may apply for an Alternative Loan.

    If you are interested in borrowing from an alternative loan program, you must have a good credit history and a co-borrower may be required.

    If you are interested in borrowing from an alternative loan program, please visit the Financial Aid Office to speak with a financial aid counselor. We encourage you to maximize all federal loan opportunities before seeking an alternative loan.

  • Summer Financial Aid Dates & Deadlines

     

    Program Dates
    Regular Session  May 21- July 20
    Income Taxation Intensive (ITI) May 29 - August 7
    Business Taxation Intensive (BTI) June 11 - August 10
    Israel Program sessions (various sessions) June 3 - July 26

     

    Important Deadlines:

    • Last day to complete the FAFSA for 2017-2018 is June 30. The FAFSA will no longer be available on www.fafsa.ed.gov after this date.
    • Summer Session Application deadline is May 20, 2018.
    • Summer Session 1st Payment deadline May 30, 2018.
    • Summer Session 2nd Payment deadline June 30, 2018.
  • Summer Israel Program

    Program Dates:

    June 3 - June 14, 2018 (2-week program)
    June 17 - June 28, 2018 (2-week program)
    June 3 - June 28, 2018 (4-week program)
    July 1 - 12, 2018 (1 unit externship)
    July 1 - 26, 2018 (2 unit externship) 

    Tuition and Fees:  Non-refundable enrollment fee of $300. Plus:
    $3,000.00 for 2-week program (3 units); or
    $4,800.00 for 4-week program (6 units); or
    $5,600.00 for 4-week program, plus 1 unit externship (7-units total); or
    $6,400.00 for 4-week program, plus 2 unit externship (8-units total) 

    Israel 2018 Summer Abroad Flier 

    Israel program cost of attendance

    2 Week Program 
    Tuition $3,000
    Enrollment Fee $300
    Room and Board $1,400
    Personal Expenses $500
    Transportation $1,800
    Total Cost of Attendance $7,000

     

     

    4 Week Program 
    Tuition $4,800
    Enrollment Fee $300
    Room and Board $2,800
    Personal Expenses $1,000
    Transportation $1,800
    Total Cost of Attendance $10,700

     

     

    4 Week Program plus 2 week externship 
    Tuition $5,600
    Enrollment Fee $300
    Room and Board $4,200
    Personal Expenses $1,500
    Transportation $1,800
    Total Cost of Attendance $13,400

     

     Week Program plus 4 week externship 
    Tuition $6,400
    Enrollment Fee $300
    Room and Board $5,600
    Personal Expenses $2,000
    Transportation $1,800
    Total Cost of Attendance $16,100

     

     

  • Summer Award Notification

    The Financial Aid Office will begin processing Summer Financial Aid awards in late March. You will receive your summer award notification via your LLS email account. Your award will be available to view myLMU. Please review the checklist below to ensure your financial aid is available to you before summer courses begin.

    Students are required to accept or decline all summer awards, including work awards. If you decide you are no longer interested in the financial aid awarded to you for summer, notify our office at finaid@lmu.edu.

    Award Checklist
    1. Accept your award via myLMU
    2. First time borrowers must complete the Master Promissory Note (MPN) and Entrance counseling at studentloans.gov
  • Cancellations, Withdrawals, and Return of Title IV Funds

    Cancellations and Withdrawals

    The policies for adding and dropping courses during the summer term are more stringent than the Fall and Spring terms because the summer term consists of several mini sessions within ONE term. Dropping below half-time or dropping courses may result in a balance due to the university, which is the student's responsibility to pay.

    Please be aware of the withdrawal policies before you enroll in summer courses. If you receive financial aid and subsequently cancel or withdraw from the University, LMU may be required to return all or a portion of the aid you received. The actual returned amount will be based on published schedules and the date you officially withdrew or canceled your registration. If you cancel or withdraw, notify the Financial Aid Office immediately.

    Summer Session Withdrawal Policy              

    As mentioned previously, the summer term consists of several sessions that combined make up the summer term. If a student withdraws, officially or unofficially, from a summer session and is NOT attending any other sessions at the time of the withdrawal, the student is considered withdrawn and a repayment calculation will be completed. 

    How a Withdrawal Affects Financial Aid

    When a student withdraws from all courses, regardless of the reason, the student may no longer be eligible for the full amount of Title IV funds originally awarded. This is called Return to Title IV (R2T4). The return of funds to the Department of Education is based on the premise that a student earns financial aid in proportion to the length of time during which the student remains enrolled. A pro-rated schedule determines the amount of federal student aid funds the student earned at the time of their withdrawal. For example, a student who withdraws in the first week of the semester has earned less of their financial aid than a student who withdraws in the fourth week. Once the 60% point in the semester is reached, a student is considered to have earned all of the financial aid originally awarded and will not be required to returns any funds.
     

    Federal regulations require a recalculation of financial aid eligibility if a student:

    • Completely withdraws;
    • Stops attending before the semester ends;
    • Does not complete all summer sessions in which they were enrolled
    • Or having all F's for the term

     

    Students who do not begin attendance in classes are not eligible for federal financial aid and must repay all aid originally received.

    NOTE: The Law School's institutional tuition refund policy is separate from federal regulations to return unearned aid.

    Date all federal aid is earned by session

    Once the 60% point in the semester is reached, a student is considered to have earned all of the financial aid originally awarded and will not be required to returns any funds. Below are the 60% points for each summer term.  A day by day calendar cound be found here Summer 2018 LLS R2T4 Schedule

    Session60% of term
    General Session May 21-July 20 June 26, 2018
    Income Tax Intensive May 29-August 7 July 10, 2018
    Business Taxation Intensive June 11-August 10 July 17, 2018

     

    Intitutional Refund Policies

    Refund Policy for Withdrawal/Leave of Absence

    The universities refund policy for tuition and fees is separate from the federal return of title iv fund policy. The table below illustrates the percentage of tuition a student would receive by date of withdrawal. 

    LLS Summer 2018 Tuition Liability/Refund Policy – General Session

    Date

    Refund of Tuition

    May 21 – May 27

    90%

    May 28 – June 3

    80%

    June 4  – June 10

    70%

    June 11– June 17

    60%

    June 18 – June 24

    50 %

    June 25 and after

    0%

     

    Summer 2018 Tuition Liability/Refund Policy - Intensive Tax Session

     

    Income Taxation Intensive

    Date of Withdrawal

           Refund of Tuition

    May 29 - 31

                    80%

    June 1 - 6

                    70%

    June 7 - 12

                    60%

    June 13 - 19

                    50%

    June 20 – June 26

                    40%

    June 27 and after

                      0%

     

    Business Taxation Intensive

    Date of Withdrawal

           Refund of Tuition

    June 11 - 13

                    80%

    June 14 - 19

                    70%

    June 20 - 25

                    60%

    June 26 - 28

                    50%

    July 2 - 5

                    40%

    July 6 and after

                      0%

      

  • Summer 2018 Forms

    Students wishing to apply for summer financial aid must complete the Summer Financial Aid Application. 

    LLS Summer Financial Aid Application

    LLS Summer Work Study Application

    LLS Summer Revision Request Form

    LLS Summer Consortium Agreement

    *Please note that form fields with automatic calculations may not work in certain browsers and/or on iOS/Android. Please download the form and edit in Adobe Acrobat if you would like to take advantage of calculated fields.