Financial aid budget
The Office of Student Financial Aid at The University of Akron sets a fixed amount that students at The University of Akron School of Law may receive in all forms of financial aid (including scholarships and loans) for each academic year. This amount is called the financial aid budget. The budget incorporates the following items:
- Room and Board/Living Expenses
- Books and Supplies
- Personal Expenses
The financial aid budget is revised each year to account for inflation and increases in tuition and fees. The budget may be increased for the following reasons:
- On a routine basis: If you enroll in an authorized heavier credit hour load for the fall/spring semesters resulting in an increase of your tuition/fees charged on your bill from the UA Cashier’s Office. So, if your tuition/fees exceed the line item of “Tuition/Fees” on the maximum budget chart for the year, the loan limit can be increased to cover the higher tuition/fee cost.
- On a limited, individual basis: If you need funds for laptop purchases, childcare expenses, and other non-standard expenses.
- The budget may not be adjusted to accommodate a car loan or an expensive mortgage – law students are expected to live as conservatively as possible while in law school to minimize debt upon graduation. For some people, this may mean significant lifestyle changes.
For more information on individual budget adjustments for nonstandard expenses, please contact Cora Moretta at 330.972.5374 or firstname.lastname@example.org. You may also contact the Office of Student Financial Aid at 330.972.7032 or 800.621.3847.
Click here to view our current tuition, fees, and financial aid budget.
Law students are eligible to borrow a maximum of $20,500 in Federal Stafford Loan funds per academic year, depending on the student's Expected Family Contribution (EFC) number. Keep in mind that, if necessary, students may borrow beyond the $20,500 Stafford Loan up to the maximum amount allowed under the financial aid budget. Those funds would be secured through the federal Graduate PLUS program and/or Alternative (private) loans. Click here for more information on loans for law students.
Note that law students do not have to borrow everything for which they are eligible – law students may (and often do) borrow less than the amount allowable under the financial aid budget.
Scholarship recipients who plan to borrow the maximum amount allowed under the financial aid budget should remember that in accordance with federal financial aid guidelines that the scholarship value will be deducted from the maximum loan amount in order to avoid "double dipping" in loans and scholarships. Students may receive up to the maximum budgeted financial aid amount through a combination of loans and scholarships. Click here for more information on scholarships for law students.
Please note that the summer term is treated separately from the fall and spring semesters for financial aid purposes. Students requiring financial aid for the summer term are required to fill out a separate application. Click here for more information on summer financial aid.
QUESTIONS regarding the status of your financial aid loans should be directed to Cora Moretta at 330.972.5374 or email@example.com. You may also contact the Office of Student Financial Aid at 330.972.7032 or 800.621.3847.