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Tuition, Fees, and the Student Budget
Click here to view the current schedule of tuition and fees, as well as the
current financial aid loan budget.
Financial Aid at Akron Law
The University of Akron School of Law does not have a dedicated
financial aid office. Rather, law students at The University of Akron
are served by the Office of Student Financial Aid, which also serves
undergraduate and graduate students. Law students and admitted
applicants should address questions regarding loans directly to Student
Financial aid and should work directly with that office in arranging for
law school loan financing. Click here
for Student Financial Aid contact information.
Applying for Aid
Complete a
FAFSA as soon as possible after January 1 of each year. (Note:
The University of Akron does not use the GAPS/FAS). After the University
receives information from the U.S. Department of Education’s Central
Processing Service about financial
need, a Financial Aid award Proposal will be sent to the student. It will
include all forms of financial assistance that have been awarded, plus
notice of the student's eligibility for a Stafford Loan (see below). Student Financial Aid will not accept applications until such
time as that office has received information from the U.S. Department of
Education’s Central Processing Service and sent an award proposal to the student. New students are
generally processed during April and May. Continuing students will receive
award proposals after the end of the spring semester. After the FAFSA has been received, it is reviewed and the data verified
before Stafford Loan processing can begin. Delays may occur during peak
periods.
The University of Akron FAFSA Code is 003123.
Note: This information is subject to rapid change. Contact lenders for the
most up-to-date information. The University of Akron is not responsible for
changes in terms of loans. Students should ask questions of the lenders and
do their own investigation and evaluation of which of these or other
commercial loan products best suit their individual needs.
Click
here for a list of factors to consider when evaluating lenders.
Note: The University of Akron and The University of Akron School of Law
do not endorse or recommend any one lender over another. This information is
supplied for reference purposes only.
Note: Law students at The University of Akron are not eligible for
Perkins loans or federal work-study.
Satisfactory Academic Progress
Students must make satisfactory academic progress to receive or renew
federal financial aid. Essentially, 75 percent of attempted credits must
be successfully completed. The minimum grade-point average is 2.00. See
the current
Student Financial Aid Award Guide for complete information. Generally, academic
progress is measured once each year, at the completion of spring semester.
Federal Loan Programs
The
Stafford Loan Program is a federal, need-based loan program for students
attending at least half-time. Up to $20,500 may be borrowed each year,
up to $8,500 of which is
subsidized (i.e., the federal government pays
the interest on this portion of the loan while
the student attends law school). Any money that comes from the Stafford
program that does not fall into the subsidized category is considered
unsubsidized
(i.e., interest on the loan accrues while the student attends law school). In order to be considered for Stafford loans, it is necessary to complete
the Free Application for Federal Student
Aid (FAFSA) each year. The
Graduate PLUS Loan
is a credit-based federal loan program for graduate and professional
students, and is available as a supplement to Stafford and Alternative
loans (see below). The fixed rate and terms of these loans can often
provide a more attractive loan product than many alternative loan
programs for eligible graduate and professional students.
Alternative Loans
Private, or
alternative, loan programs are designed to bridge the funding gap when
savings, scholarships, grants, federal loans, and other resources are not
sufficient. Applications for Alternative loans can be obtained from the
Office of Student Financial Aid after the student receives an award proposal
stating his/her eligibility for a Stafford Loan.
Debt and Credit
Some Alternative loans are granted based on levels of debt and credit
rating. For information on debt and credit counseling, visit
www.nfcc.org. To find your FICO (Fair, Isaac & Co.) credit score, and for useful
information about consumer credit, visit
www.myfico.com.
A note regarding debt and Bar Exam clearance:
The fiscal health of a law graduate as it relates to bar admission is a
VERY
REAL and
VERY SERIOUS matter. Law students should take steps to clean up
consumer debt before entering law school and to manage their consumer credit
very conservatively and wisely during law school. It is fair to say that
debt alone will not result in the Supreme Court denying permission to sit
for the bar exam. However, debt coupled with poor decisions, or no plan to
manage or eliminate the debt could create a question for the character and
fitness committee of any given state bar admissions office and ultimately
contribute to a decision to deny permission to sit for the bar exam.
Short-Term Emergency Loan Fund
The School of Law Dean's Office has an emergency loan fund to assist law
students unexpectedly faced with pressing financial obligations.
Interest-free loans are available from $25 up to $250 and are usually due to
be repaid within four to eight weeks. To borrow, students must be in good
academic standing and currently enrolled in the School of Law. See the School of Law Receptionist in room 136 (the School of Law Dean's
Office) for more information on Short-Term Emergency Loans.
Bar Exam Loans
Graduating law students often borrow money to finance bar exam
registration costs, exam-related preparatory materials, and associated
living expenses. For more information on Bar Exam Loans, contact
Student Financial Aid or
click here to run an internet search.
Loan Inquiries
The University of Akron
Office of Student Financial Aid Akron, Ohio 44325-2901 800.621.3847
Student Financial Aid Contacts:
Pamela Arrington Assistant Director of Student Financial Aid 330.972.6336
pamela8@uakron.edu
Michelle Ellis Senior Associate Director of Student Financial Aid 330.972.5860
mellis@uakron.edu
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