Moving expenses not covered. Funds arrive on the first day of class. Need money for first month rent, books, etc. Tuition is only going up 3% and make sure you check the budgets of all the schools you are considering.
Expected Salary After Graduation – High, Med, Low.
Understanding Your Aid
Understanding Your Aid Loyola University Chicago School of Law
Overview• What is Financial Aid?• Completing the FAFSA• Federal Loans• Scholarships• Expected Costs• Budgeting & Planning• Q &A
What Is Financial Aid?• Financial Aid is any form of financial assistance including: Federal Direct Unsubsidized loan Federal Direct Grad PLUS loan Scholarships & Grants
Completing the FAFSA• 2013-2014 FAFSA at fafsa.gov• Register for a PIN #• Utilize the 2012 IRS 1040 and W-2’s• Provide only the law student’s information• LUC School Code 001710
Federal Loans• Federal Direct Loan • Federal Grad PLUS • Unsubsidized • 7.9% Fixed • 6.8 % Fixed Interest Rate Interest Rate • 6 Month Grace • 6 Month Grace Period Period • Minimal • 5 Repayment Qualification Options Requirements • 5 Repayment Options
Scholarships & Grants• More than 80% of Incoming 1Ls• Merit Scholarships• LUC Law Grants• Outside Scholarships
Direct Loan Program• Complete MPN on studentloans.gov• Complete Loan Entrance Counseling• Funds Arrive Prior to Start of Class
Budgeting & Planning• Annualcreditreport.com• Assessing Your Resources• Determine Total Cost of Education • Responsible Cost of Living Expenses • Additional Costs for Summer Courses, Study Abroad, Unpaid Internship?• Expected Salary After Graduation• Paying Off Your Debt • finaid.org/calculators