Student Financial Aid Office

The University of Louisville's Office of Financial Aid staff is dedicated to providing students and their families with courteous and efficient financial services while complying with all federal, state and university policies. Our goal is to help you explore your options and make your academic goals more affordable.

We provide both walk-in and by appointment counseling to current and prospective students Monday through Friday.  On Thursdays the office is closed until 12:30 p.m. except during peak processing time and orientations. We also provide assistance to both current and prospective students through our Call Center. Representatives are available from 9 a.m. until 5 p.m. Monday through Friday. Representatives will answer general financial aid questions as well as some specific account inquiries. FERPA privacy restrictions may restrict us from answering some questions over the phone.

 

Important Announcements

 

Complete the FAFSA for 2018-2019

The Free Application for Federal Student Aid (FAFSA) is available for the 2018-19 academic year. Students will use tax information from 2016 to submit the 2018-19 FAFSA. Students should file FAFSA as soon as possible to maximize their potential award eligibility for the upcoming award year.

Online resources:

  • Federal Student Aid and the U.S. Department of Education offers a checklist as you prepare to complete the FAFSA. Step-by-step guidance can be found here.
  • The National Association for Student Financial Aid Administrators has created a helpful checklist of information and forms students and parents will want to have on-hand to help streamline the process of filling out the 2018-19 FAFSA.
  • Students will also need the Federal Student Aid ID (FSA ID) to sign the FAFSA. If you have forgotten or misplaced your FSA ID, please visit the Manage My FSA ID website and follow the instructions for retrieving your FSA ID.

 

Summer Federal Work Study Program

As a reminder, the Federal Work Study Program is available to students who qualify during the Summer Semester. The eligibility requirements are:

  • You must be enrolled for at least 6 credit hours
  • You must register for all of your classes at the beginning of the summer semester
  • You must remain enrolled in at least 6 credit hours throughout the summer semester
  • You must me be in compliance with the Student Financial Aid Office's Satisfactory Academic Progress policy
  • You must be classified as a regular undergraduate student in a degree seeking program
  • You must have completed your 2017-2018 FAFSA
  • You must complete the Early Request for Summer Federal Aid form on ULink

The pay rate for students in the 2018 summer program is $8.25 per hour. The maximum number of hours you can work is 20 hours per week. The maximum student award is $2700 for the summer. The program begins April 27, 2018 and ends August 16 2018.

Before you can start the Federal Work Study program your eligibility must be evaluated and determined you do meet all the above criteria. If you feel you do meet at the above criteria and would like to be considered for the Federal Work Study Program or have any questions about the program, please feel free to email Harold Barger.

 

Summer Financial Aid

Are you planning on attending courses during the summer term? If so and would like to have your federal financial aid eligibility evaluated early, please ensure you complete the Early Request for Summer Federal Aid once you have finalized your summer enrollment. This form will be available on your ULink account under the 'Financial Aid' section in the 'Student Services' tab by early April. In order to request an early review of your summer federal aid eligibility, you must have an official 2017-2018 Free Application for Federal Student Aid (FAFSA) on file with our office. If required, all verification forms and requested documents must also be completed. In addition, you cannot be waitlisted in any summer course, and you must currently be meeting Satisfactory Academic Progress (SAP).

During summer, federal financial assistance is available to eligible applicants who have Federal Pell Grant, Federal TEACH Grant, and/or Federal Direct Subsidized and/or Unsubsidized Loan eligibility remaining for the award year. Graduate and law students will also be considered for Federal Direct Graduate/Professional PLUS Loans. Parents of dependent, undergraduate students may also apply for Federal Direct Parent PLUS Loans. For undergraduate students with financial need who meet specific award criteria, a limited amount of Federal Work-Study funds will be made available. In certain situations, an eligible undergraduate student can receive additional Federal Pell Grant funds (up to 150% percent of his/her scheduled Federal Pell Grant award during an award year; year-round Pell). To be eligible for these additional funds, students must be enrolled at least half-time (six hours).

 

Year Round Pell Grant

The Department of Education has announced that students that are eligible for the Pell Grant may be able to receive a third disbursement of Pell Grant during a summer period of enrollment.

To be eligible for the additional Pell Grant funds, the student must meet all general eligibility requirements and must be enrolled at least half time during the summer term. Half-time enrollment is six credit hours for undergraduate students at UofL. Students enrolled in less than six credit hours will only be eligible for a summer Pell grant if they did not use 100% of their eligibility during the fall and spring term.

It is important to note that this change will not result in extra Pell Grant being awarded to a student over the course of their undergraduate enrollment. The amount of Federal Pell Grant funds a student may receive over his or her lifetime is still limited by a federal law to be 600 percent or the equivalent of twelve full-time semesters.

It is also important to note that the Pell Grant alone is not enough to cover the full cost of attending classes in the summer. A student may need to consider federal loans, alternative loans or payment plans in order to settle their balance.

Below are some examples of how the new Year Round Pell Grant will work for the 2017-2018 academic year. The examples assume that the student has a zero Expected Family Contribution. Please note that each student's award will be individually reviewed.

 

Fall 2017
Spring 2018
Summer 2018
Enrollment

12 hours

12 hours

6 hours

Pell award

$2,960 (50%)

$2,960 (50%)

$1,480 (25%)

 

Fall 2017
Spring 2018
Summer 2018
Enrollment

12 hours

12 hours

3 hours

Pell award

$2,960 (50%)

$2,960 (50%)

$0 (0%)

 

Fall 2017
Spring 2018
Summer 2018
Enrollment

9 hours

9 hours

6 hours

Pell award

$2,220(37.5%)

$2,220(37.5%)

$1,480 (25%)

 

Fall 2017
Spring 2018
Summer 2018
Enrollment

12 hours

12 hours

9 hours

Pell award

$2,960 (50%)

$2,960 (50%)

$2,220 (37.5%)

The Early Request for Summer Federal Aid will be made available on your ULINK account soon after summer registration begins. Do not complete the request until you have finalized your summer enrollment. If you submit the form before you finalize your summer enrollment for all summer terms, the evaluation of your summer aid may be delayed.

Financial Aid and Degree Requirements

If you are enrolled in a course(s) that does not count toward your degree requirements, the course(s) cannot be used to determine your enrollment status for federal financial aid and state need-based aid purposes. This means you cannot receive federal financial aid and state need-based aid for any course that does not count toward your degree requirements.

If it is determined you are enrolled in a course(s) that does not meet your degree requirements, your aid will be reviewed and any necessary adjustments will be made. You will be responsible for settling any potential outstanding balance created.

If you are aware you are enrolled in a course(s) that does not meet your degree requirements, please notify our office as soon as possible.

 

First-Time Direct Loan Borrower at UofL

For student Direct Loans to disburse in a timely manner, it is critical students complete all required steps if interested in borrowing the loan funds. For loans, this includes loan acceptance in ULink and completing the Master Promissory Note(s) and Entrance Counseling with the Department of Education.

Entrance Counseling and the Master Promissory Note for Direct Loans can be completed online.

 

Upcoming Important Dates

Late March
Summer Aid Early Request available via ULink
Please do not submit until you have finalize your summer course selection.

April 1
Spring 2018 SAP Appeal deadline

April 26
Last day of spring Federal Work Study

April 26
First day of summer Federal Work Study

May 9th
Tentative first disbursement of aid for students enrolled in Term I

Early May
Evaluation of Satisfactory Academic Progress

May 28
Memorial Day - University will be closed.

June 1
Tentative first disbursement of aid for students enrolled in Term II

July 4th
Office Closed

July 9
Tentative first disbursement of aid for students enrolled in Term III