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 16, 2022. Non-LMU/LLS 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 LMU Financial Aid. 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 2021-2022 FAFSA, we recommend that you complete it by April 16 to receive a summer financial aid award prior to the first payment deadline of May 30, 2022. We cannot guarantee Financial Aid awards for a FAFSA received after June 1, 2022.
Students who have not submitted a 2021-2022 FAFSA for the current academic should submit one prior to submitting an LLS Summer Financial Aid Application. The last date to file a 2021-2022 FAFSA is June 30, 2022. 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 LMU Financial Aid.
LMU considers the summer term the end of the academic year. Therefore, the eligibility of each student is based upon each student's remaining annual federal direct loan limits. Students who receive the maximum Federal Direct Unsubsidized Loan for the Fall and Spring terms may only be eligible to receive a Federal Direct Graduate PLUS loan for the summer term. Federal Direct Graduate PLUS loans are subject to credit approval.
Please review the information below on the types of awards and the requirements needed to receive them for the Summer 2022 enrollment. Additional enrollment rules can be found in the Policies and Procedures section of our website.
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Students interested in receiving Summer Financial Aid should submit the following:
- Complete the Law Summer Financial Aid Application
- Complete the 2021-2022 Free Application for Federal Student Aid (FAFSA)
- LMU Loyola Law School's school code is #E00254.
If you have already completed the 2021-2022 FAFSA, you do not need to complete it again. The 2021-2022 FAFSA will no longer be available to complete after June 30, 2022, so be sure to have it completed well before this date. The FAFSA should be completed online at studentaid.gov and valid results sent to Loyola Law School.
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.
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Federal Direct Unsubsidized Loan
To be eligible for a Federal Direct Loan, you must be an active degree-seeking student at Loyola Law School for the 2021-2022 academic year.
- Annual maximum up to $20,500.
- Students incur the interest while in school but are not required to make payments until six months after graduating or dropping below half-time status.
- The interest rate is fixed at 3.73%.
- The mandatory federal origination fee is 1.057% (deducted from loan proceeds). The origination fee may change for loans disbursed after October 1.
Federal Direct Graduate PLUS Loan
Law students may apply to borrow a Federal Direct Graduate PLUS Loan to cover summer charges if they are eligible degree-seeking Law students who have completed a 2020-2021 FAFSA, plan to enroll at least half-time, and meet the credit requirements.
After you submit all required application materials and upon notification of credit approval and the completion of a promissory note, we will add the loan to your summer Financial Aid award.
- The annual maximum is the Law School Cost of Attendance minus any other financial aid received.
- The interest rate is fixed at 6.28%.
- The mandatory federal origination fee is 4.228% (deducted from loan proceeds). The origination fee may change for loans disbursed after October 1, 2021.
- Loan incurs 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. 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:
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.
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The Estimated Cost of Attendance (COA) is an estimate of your educational expenses for a given period of enrollment. It is the cornerstone of establishing your financial need, and it sets a limit on the total aid that you may receive. The Cost of Attendance includes both direct and indirect costs, such as tuition and fees, books and supplies, room and board, transportation, and personal expenses.
*Tuition fee varies by the program of study and unit enrollment.
JD, LLM FTA, JD/MBA
9 week Summer session
Off-Campus Living with parents/relatives *Tuition $2,230 per unit, based on 2 unit enrollment
$4,460 $4,460 Room & Board $5,499 $2,340 Parking & Transportation $810 $810 Books & Supplies $446 $446 Personal and Miscellaneous Expenses $1,870 $1,870 Estimated Loan Fees $616 $616 Total Estimated Costs $13,701 $10,542 TAX LLM, MT & MLS
9 week Summer session
Off-Campus Living with parents/relatives *Tuition $2,050 per unit, based on 2 unit enrollment
$4,100 $4,100 Room & Board $5,499 $2,340 Parking & Transportation $810 $810 Books & Supplies $446 $446 Personal and Miscellaneous Expenses $1,870 $1,870 Estimated Loan Fees $616 $616 Total Estimated Costs $13,341 $10,182 Income Tax Intensive (ITI)
12 week Summer session
Off-Campus Living with parents/relatives *Tuition $2,050 per unit, based on 6 unit enrollment
$12,300 $12,300 Room & Board $7,331 $3,120 Parking & Transportation $1,079 $1,079 Books & Supplies $595 $595 Personal and Miscellaneous Expenses $2,494 $2,494 Estimated Loan Fees $616 $616 Total Estimated Costs $24,415 $20,204 Business Tax Intensive (BTI)
10 week Summer session
Off-Campus Living with parents/relatives *Tuition $2,050 per unit, based on 6 unit enrollment
$12,300 $12,300 Room & Board $6,109 $2,600 Parking & Transportation $899 $899 Books & Supplies $496 $496 Personal and Miscellaneous Expenses $2,078 $2,078 Estimated Loan Fees $616 $616 Total Estimated Costs $22,498 $18,989 Income Tax Intensive (ITI) and Business Tax Intensive (BTI) Combined
12 week Summer session
Off-Campus Living with parents/relatives *Tuition $2,050 per unit, based on 12 unit enrollment
$24,600 $24,600 Room & Board $7,331 $3,120 Parking & Transportation $1,079 $1,079 Books & Supplies $595 $595 Personal and Miscellaneous Expenses $2,494 $2,494 Estimated Loan Fees $616 $616 Total Estimated Costs $36,715 $32,504 Tax LLM and MT (online)
6 week Session (one term)
Off-Campus Living with parents/relatives *Tuition $2,050 per unit, based on 2 unit enrollment
$4,100 $4,100 Technology fee $15 per unit $30 $30 Room & Board $3,666 $1,560 Parking & Transportation $540 $540 Books & Supplies $298 $298 Personal and Miscellaneous Expenses $1,247 $1,247 Estimated Loan Fees $616 $616 Total Estimated Costs $10,497 $8,391 12 week Summer session (both terms)
Off-Campus Living with parents/relatives *Tuition $2,050 per unit, based on 4 unit enrollment
$8,200 $8,200 Technology fee $15 per unit $60 $60 Room & Board $7,331 $2,340 Parking & Transportation $1,079 $1,079 Books & Supplies $595 $595 Personal and Miscellaneous Expenses $2,494 $2,494 Estimated Loan Fees $616 $616 Total Estimated Costs $20,375 $15,384 -
Program Dates Regular Session May 23- July 21 Income Taxation Intensive (ITI) May 24 - July 21 Business Taxation Intensive (BTI) June 6 - July 31 Online Tax Programs Term A May 16 - June 24 Online Tax Programs Term B June 27 - August 5 Important Deadlines
- The last day to complete the FAFSA for 2021-2022 is June 30, 2022. The FAFSA will no longer be available after this date.
- Summer Financial Aid Application priority deadline is April 16, 2022.
- Summer Financial Aid Application deadline is May 10, 2022.
- Summer Payment deadline May 30, 2022.
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LMU Financial Aid 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
- Accept your award via myLMU
- First-time borrowers must complete the Master Promissory Note (MPN) and Entrance Counseling at studentaid.gov
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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 LMU Financial Aid 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.
Once the 49% 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 return any funds. Below are the 49% points for each summer term.
Summer 49% of term General Session (May 23-July 21) June 28, 2022 Income Tax Intensive (May 24-July 21) June 29, 2022 Business Taxation Intensive (June 6-July 31) July 15, 2022 On-Line Session I (May 16-Jun 24) June 9, 2022 On-Line Session II (June 27-Aug 7) July 21, 2022 On-Line Session I & II combined (May 16-Aug 5) July 4, 2022 Institutional Refund Policy for Withdrawal/Leave of Absence
The university 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 2022 Tuition Liability/Refund Policy – General Session
Date Refund of tuition May 23 – May 29 90% May 30– June 5 80% June 6 – June 12 70% June 13– June 19 60% June 20 – June 26 50% June 27 and after 0% Summer 2022 Tuition Liability/Refund Policy - Intensive Taxation Intensive
Date of Withdrawal Refund of tuition May 24-May 26 80% May 27-June 1 70% June 2-June 7 60% June 8-June 14 50% June 15-June 21 40% June 22 and after 0% Summer 2022 Tuition Liability/Refund Policy - Business Taxation Intensive
Date of Withdrawal Refund of tuition June 6 - June 8 80% June 9 - June 11 70% June 12 - June 14 60% June 15 - June 17 50% June 18 - June 20 40% June 21 and after 0% Summer 2021 Tuition Liability/Refund Policy - Online Program Term A
Date of Withdrawal Refund of tuition May 23-May 29 75% May 30-June 5 50% June 6 - June 12 25% June 13 and after 0% Summer 2022 Tuition Liability/Refund Policy - Online Program Term B
Date of Withdrawal Refund of tuition July 4-July 10 75% July 11-July 17 50% July 18-July 24 25% July 25 and after 0% -
Students wishing to apply for summer financial aid must complete the Summer Financial Aid Application.
- Summer 2022 Law School Financial Aid Application
- Summer 2022 Law School Consortium Agreement
- Summer 2022 Law School Revision Request Form
- Summer 2022 Law School Work Study Application