Summer 2014 Financial Aid for Law Students

Important Dates for Summer Aid

• The priority deadline to apply for Summer Financial Aid is May 1, 2014.
• The final deadline to apply for Summer Financial Aid is June 30,2014.

Summer Application Processing
• Summer Applications are processed in date order.

• Summer financial aid applications must be submitted by May 1st in order for the application to be processed,and for aid eligibility to be determined,by the summer payment deadline.

New for Summer 2014

All federal student loans will be disbursed in two equal payments:
The first disbursement will occur on the first day of the law summer term,May 27,2014
The second disbursement will occur at the calendar midpoint of the law summer term,June 25,2014

General Eligibility Requirements
• Submitting a summer application does not guarantee eligibility for summer financial aid.
• Students must be fully admitted to a degree program at UALR.
• Students must meet Satisfactory Academic Progress standards.
• Students cannot be in default on a student loan or owe a repayment to a federal grant.
• UALR must have received valid results from the 2013-2014 Free Application for Federal Student Aid (FAFSA) before we can determine summer aid eligibility. The deadline to file the 2013-2014 FAFSA is June 30,2014.
• The UALR on-line summer aid application is also required in order to apply for summer financial aid.
• You must be registered in classes for the summer term before you can submit a Summer Application.
• You must have submitted all required documents (tax forms, verification worksheet,etc.) to the
UALR Office of Financial Aid before you can receive summer financial aid.
• Additional financial assistance from any source will affect federal aid eligibility. Failure to report other sources of aid may result in the required repayment offederal financial aid funds.

How to Apply for Summer Aid
1. Complete the 2013-2014 Free Application for Federal Student Aid (FAFSA). If you have already completed a 2013-2014 FAFSA, you do not need to complete a new one.
2. Complete the UALR on-line summer aid application:
• Log on to the UALR BOSS system
• Click on Secure Login
• Enter your UALR ID number (Your “T” number) and your PIN and click on “Login”
• Review Important Dates and click on “Click here to continue…”
• Click on “Financial Aid”
• Click on “Summer 2014 Financial Aid Application”
• Follow the instructions for submitting the summer financial aid application
Summer Registration Requirements
• You must be registered in classes for the summer term,in at least half-time status,before you are eligible to submit a summer application.
• If you change your summer enrollment after submitting your application,you must notify the UALR Office of Financial Aid immediately. Any change in enrollment could affect aid eligibility.

Eligibility for Federal Student Loans during the Summer Term
• Stafford Loan funds received during the preceding fall and spring terms will determine eligibility for summer loan funds. If you receive the maximum Stafford loan amount, S20,500,during the faII and/or spring semesters, you will not be eligible for a summer Stafford loan.
• Law School students who have exhausted their Stafford Loan eligibility should pursue a Federal
Graduate PLUS loan.
o Eligibility for a Graduate PLUS loan is based on the borrower’s credit history
o The lender may require an endorser
• You must be enrolled at least half-time, a minimum of 41aw hours in the summer term, in order to qualify for federal loan funds.
• Law Students who are pursuing a dual degree program and are enrolled in graduate hours only for the summer semester must meet the half-time enrollment requirements for graduate students in order to be eligible to receive federal loan funds.

Summer Disbursement of Federal Student Loan Funds
• All summer loans will be disbursed in two disbursements.
o The first disbursement will occur on the first day of the law summer term, May 27, 2014.
o The second disbursement will occur at the calendar midpoint of the law summer term,June
25,2014.
• All charges must be paid in full before any funds are released to the student.
o The amount of financial aid funds credited to your account must be greater than the charges due in order for refund check/direct deposit to be created.
o It is possible you will not receive a refund check or direct deposit until the second disbursement of your loan has paid to your UALR account.

Private Education Loans
• Law School students who are eligible for federal financial aid are encouraged to pursue a Federal
Graduate PLUS loan instead of a private education loan.
• Private education loans are private sources of student financial assistance.
o Eligibility for the loan is based on the applicant’s credit rating.
o A co-signer may be required.
• The total amount of aid received from all sources cannot exceed the student’s cost of attendance.

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