Free Application for Federal Student Aid (FAFSA)
The FAFSA is an annual application for deferral and state financial aid. The 2014-2015 FAFSA is the application for Fall 2014, Spring 2015, and Summer 2015. The application is made available after January 1, 2014. Review our Financial Aid “Start to Finish Guide."
Steps for First-Time Applicants:
- Assemble your tax asset information, such as your W2’s and 1040’s.
- Go to www.fafsa.ed.gov to file your FAFSA. Be sure to apply for your PIN (and your parent if parent information is required) during the FAFSA filing process. Use the PIN to electronically sign your FAFSA. Our FAFSA school code is 001999.
- Once your FAFSA is processed by the U.S. Department of Education, you will be sent a Student Aid Report (SAR). If you filed electronically, the SAR will be sent to you via email. If you filed by paper, or did not provide an email address, the SAR will be sent to you by U.S. Mail.
- Review the SAR for comments and incorrect information. If accurate, keep the SAR for your records. If you find any errors, you can correct this by returning the paper SAR or making corrections to a processed FAFSA online.
(Subsidized) Federal Stafford Loan
Up to $8,500 a year is available in subsidized Federal Stafford Loans to students who meet the need criteria. Interest is paid by the federal government while you are enrolled in school at least half-time. You must begin repaying the loan six months after you graduate, withdraw, or drop below half-time. You can obtain an application from any lender that participates in the federal loan program, or from any law school.
(Unsubsidized) Federal Stafford Loan
In combination with the subsidized loan, a student may borrow up to a combined total of $20,500 in subsidized and unsubsidized loans. The amount the student receives in the subsidized loan is deducted from the $20,500 In order to determine eligibility for the unsubsidized loan. For example, if a student is only eligible for $4,000 in subsidized loans he or she could receive $15,500 in unsubsidized loans. Interest starts accruing as soon as you receive the funds.
To apply for Federal Student Aid; complete the free application for Federal Student Aid (FAFSA Form) for the 2014-2015 school year after January 1, 2014. You can apply on the web at www.fafsa.ed.gov.
List the University’s Title IV Code #001999 when completing the FAFSA and your financial aid information will automatically be sent to UofL for processing. Check ULinkto monitor the status of your financial aid. If you have questions, contact them at 502.852.5511.
Graduate PLUS Loans for Law Students
Students may be eligible to borrow a Graduate PLUS loan, which is based on credit rating. The PLUS, is federally guaranteed and the interest rate is subsidized. Interest accrues while the student is in school and repayment begins immediately. The interest rate is fixed for the life of the loan. Forbearance is available while the student is in school. Many students who have good credit are choosing the Graduate PLUS instead of private loans. The Graduate PLUS Loan is automatically awarded to law students; however, in order to be eligible a credit check must be completed. For additional information and instructions please visit: https://louisville.edu/financialaid/loans/graduate-professional-plus.html.
Financial Aid packages are generally awarded by the end of May. Contact the Financial Aid Office for detailed processing information at (502) 852-5511 or at https://louisville.edu/financialaid/how-to-apply/start-to-finish/p>