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Fall 2009, Spring 2010, Summer 2010

by Adamchik,William Joseph last modified Mar 01, 2012 05:20 PM

2009-2010 Consumer Information

Section 1: Student Responsibilities
Section 2: ULink
Section 3: 2009-2010 Costs
Section 4: Application Process
Section 5: Federal Aid
Section 6: Kentucky State Aid
Section 7: Tuition Waiver/Benefit Programs
Section 8: Scholarships
Section 9: Other Resources
Section 10: Award Notification
Section 11: Award Disbursement
Section 12: Satisfactory Academic Progress Policy
Section 13: Return of Title IV Financial Aid
Section 14: All ‘F’ Grade Recipients
Section 15: Students With Loans
Section 16: Additional Consumer Information

(1) Student Responsibilities

This publication regards all students attending U of L for fall 2009, spring 2010, and/or summer 2010.

You are responsible for familiarizing yourself with the information contained in this publication. The following list contains essential student responsibilities:

  • Monitoring your mail and your official U of L email account for correspondence, particularly from the Student Financial Aid Office, the Bursar’s Office, Registrar’s Office, and Office of Admissions
  • Responding to our requests for additional information via mail or email
  • Accessing your ULink account at www.ulink.louisville.edu when notified by the Student Financial Aid Office
  • Monitoring your financial aid and bill on your ULink account
  • Notifying the Student Financial Aid Office of the following:
    • All estimated and actual financial assistance from both university and non-university sources
    • Changes or errors in your enrollment, career, residency, or academic program with the Registrar’s Office or Office of Admissions
    • Errors on your Free Application for Federal Student Aid (FAFSA)
    • Changes in your financial situation since filing the Free Application for Federal Student Aid (FAFSA) and unique circumstances not reflected on the FAFSA
    • If you have defaulted, filed bankruptcy, or filed for disability discharge on a federal student loan or you are in the process of filing bankruptcy on an educational loan
    • If you have been awarded or disbursed federal or state aid at an institution other than the University of Louisville
    • If you attend less than full-time

The Student Financial Aid Office is located in room 110 of the Houchens Building on the Belknap campus. Our office hours are 9:00 to 5:00 Monday through Friday. During fall and spring when school is in session we remain open on Tuesdays and Wednesdays until 5:30. Other special hours will be advertised on our website.

Mailing Address:
Student Financial Aid Office
University of Louisville
Louisville, KY 40292

Website: www.louisville.edu/financialaid
Call Center: 502-852-5511
Email: finaid@louisville.edu

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(2) ULink

ULink is a U of L website designed for students. Access to this website is available once you complete an application for admission to U of L. The Student Financial Aid Office will notify you when you need to access this website for financial aid purposes. You can access ULink at www.ulink.louisville.edu. Tutorials for your first login, accessing your To Do List, and accepting/declining your awards are available at www.louisville.edu/financialaid > Our Services. If you have difficulty with accessing ULink or setting up your password, please contact the Help Desk at 502-852-7997 or helpdesk@louisville.edu.

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(3) 2009-2010 Costs

This section contains information on standard direct costs for the 2009-2010 academic year (fall 2009 and spring 2010). After July 1, you can view your ULink account for your actual charges. Note online courses are a different tuition rate. With the exception of tuition, costs associated with the summer term are different and therefore not included. Undergraduate includes post-baccalaureate students and 5th year Speed School students. The table below contains information on direct costs.

University costs and fees are subject to the approval of the Board of Trustees and the KY Council on Postsecondary Education and may be changed without prior notice.

Undergraduate 2009-2010 Direct Costs per Academic Year (Fall/Spring)

Category of student

Full Time Tuition1

Average costs for books and supplies2

Minimum cost for room on-campus3

Minimum cost for Meal plan if in University Residence Hall

Undergraduate KY resident

$7,944

$1,000

$4,272

$2,330

Undergraduate nonresident

$19,272

$1,000

$4,272

$2,330

For questions about your actual charges (i.e. tuition, fees, housing) visit the Bursar’s Office website at www.bursar.louisville.edu.

1. Contact the Bursar’s Office at (502) 852-6503 for information concerning tuition costs. Undergraduate and Graduate Tuition Reciprocity Agreement exists for Indiana residents of Clark, Crawford, Floyd, Harrison, Scott, and Washington counties.

2. Financial Aid is applied to your bill at the Bursar’s Office. Books and supplies are purchased directly from the bookstore and are not charged to your university account.  You are expected to purchase your books on your own.  If you are expected to receive any excess financial aid funds then you are expected to use these funds to reimburse yourself or pay for book and supplies. Please review the sections concerning HigherOne and the Financial Aid Advance.

3. Contact Housing at (502) 852-6636 for information concerning your on-campus housing rates.

Cost of Attendance

The Federal Government requires that Financial Aid Offices establish a cost of attendance (COA) in calculating your eligibility for need-based aid programs. The cost of attendance is also referred to as a budget. Student budgets are differentiated by residency (Kentucky resident/non-resident) and career (undergraduate, graduate, law, etc.). The standard components of the budget are tuition, travel, room and board, books, and personal expenses, which is a combination of your direct and indirect costs. If you have unusual circumstances that are not reflected in your budget, please contact the Student Financial Aid Office for professional judgment (PJ) consideration.

Amounts for transportation and personal expenses are included in the established cost of attendance. However, your individual transportation and personal expenses will vary depending upon your location and lifestyle. For a further breakdown of the allowances the cost of attendance, please contact our office.

The cost of attendance used in determining eligibility for aid is a combination of direct and indirect costs.  The total academic year costs for the Undergraduate, Graduate, and Law careers are listed below.

Academic Career

Resident Student

Non-Resident Student

Undergraduate

$20,242

$30,754

Graduate

$24,742

$34,106

Law

$31,262

$45,802

Cost of attendance for a single semester or for summer is pro-rated according to the length and/or amount of enrollment.

Overaward Policy

An overaward is financial aid that exceeds a student’s financial need and/or cost of attendance. When a student receives federal and/or state aid, the University of Louisville is required to adhere to all associated regulations. All aid, including scholarships, grants, loans, tuition remission, awards, and prizes must be counted as estimated financial assistance in a student’s total aid package.

It is the student’s responsibility to report all sources of estimated financial assistance including departmental scholarships, employee tuition remission, outside scholarships, alternative (or outside) student loans, third party assistance, housing benefits or waivers and Metropolitan College benefits to the Student Financial Aid Office. To report estimated financial assistance not already included in your aid package, complete the Report Other Aid form at www.louisville.edu/financialaid. Reporting this information to the Student Financial Aid Office early will help prevent changes in eligibility that can result in reductions to financial aid.

When the Student Financial Aid Office identifies an overaward, adjustments will be made to the student’s aid package to ensure compliance with federal and state regulations. Self-help aid, such as loans and work-study awards, are adjusted before grant or scholarship aid is affected. If an overaward occurs after aid has been disbursed, the student may be required to repay all or a portion of their financial aid to the University.

Undergraduate Stacking Policy

The sum of all institutional aid received by a student cannot exceed the University of Louisville’s standard direct costs plus a stipend to be determined each year. Direct costs include tuition, room, board, and books. For the 2009-2010 academic year, the projected stacking limit is $16,546 for residents and $27,874 for non-residents.

Any funding paid by the University of Louisville may be considered institutional aid. Some examples are admission-based scholarships, departmental awards, employee tuition remission, KRS benefits, and athletic scholarships.

The University of Louisville reserves the right to adjust institutional scholarship awards when a student’s total institutional aid exceeds the designated limit.

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(4) Application Process

The Student Financial Aid Office coordinates a variety of programs to help remove financial barriers to the cost of education. These programs, which include scholarships, grants, work-study, and loans, may be awarded in various combinations and amounts to help meet your individual needs. However, there are situations when the university's funding levels limit the percent of financial need that can be met.

Your need for financial aid is determined from data contained on the Free Application for Federal Student Aid (FAFSA). You can fill out an application on the web at www.fafsa.ed.gov, or call 1-800-433-3243 to receive an application. FAFSA on the Web worksheets are available to pick up from the Student Financial Aid Office. We suggest that you file the FAFSA online because it will take less time for the Central Processing Office to complete the review process. The priority FAFSA filing date for U of L is March 15th. First-time freshmen should complete the admission application prior to January 15th with the Office of Admissions for consideration for scholarships. If you do not have internet access you may use the self-service computers located in the Student Financial Aid Office.

Federal regulations require each institution to verify FAFSA data for a percentage of its applicants. If you are selected for verification, you must verify certain items you reported on your application (i.e. taxable income, nontaxable income, taxes paid, family size, etc.). The Student Financial Aid Office will send you correspondence outlining additional information needed to complete the verification process. You may view this and other required information and print forms by logging into ULink and going to the "To Do List" under “Financial Aid” on the “Student Services” tab.

We verify the FAFSA information for the following:

  • Students selected by the Central Processing System (CPS)
  • Medical and Dental applicants reporting parental financial information on the FAFSA.
  • Students identified as Cardinal Covenant.
  • Students who self-report a grade level of freshman (0 or 1) on the FAFSA and have an EFC under the amount of KY resident tuition.
  • FAFSA applicants with a comment code indicating conflicting income and/or household information including cross-year edits.
  • FAFSA applicants manually selected by a staff member due to conflicting information.
  • Nursing students desiring Nursing Student Loans (NSL).

In addition to verification, students may also be selected for other FAFSA certification requirements regarding conflicting information.  If you are required to submit additional information to certify/correct information on your FAFSA, you will be assigned a “To Do List” item.  You may view this information and print forms by logging into ULink (see Section 2) and going to the “To Do List” under “Financial Aid” on the “Student Services” tab. 

Renewal Procedures for Federal Programs

You must renew your FAFSA each year for consideration of federal and state aid. You can renew your FAFSA online at www.fafsa.ed.gov. Submit your FAFSA no later than March 15th for priority consideration for the upcoming fall semester. Applications received after March 15th will be subject to the availability of funds from programs such as the university’s Need-Based Grant and Cardinal Covenant, KY CAP Grant, SEOG Grant, Work-Study, Perkins Loan, and Nursing Loan.

Summer Financial Aid

At the university, summer is considered a trailer of the preceding academic year.  For summer 2010, you must have a complete 2009-2010 FAFSA and all requested documentation to apply.  You must complete a summer aid application located on ULink.  Students are only eligible for Academic Competitiveness Grant (ACG), National SMART Grant, TEACH Grant, and Stafford Loans if they did not receive their full annual eligibility during the academic year.  A student’s Pell Grant will be available to him/her on a year-round basis with a limit of 18 total semesters of funding. To be considered for Parent PLUS or Graduate/Professional PLUS Loans for summer, you must complete the ULink summer aid application in addition to a PLUS request form listed at https://vhost.louisville.edu/student/services/fin-aid/devfinaid/ourservices/forms/index.php.

We will not recalculate eligibility for the Pell Grant, ACG, and National SMART Grants after a student’s summer census date. Only eligible pre-registered and/or registered students who have submitted the summer aid request form on ULink will be considered for Federal Stafford Loans. The summer aid request will become available at the beginning of summer registration until mid June. Federal grant eligible students enrolled in the summer term who submitted a summer aid request via ULink will be given priority for awarding and disbursement. Federal grant eligible students who did not submit the summer aid request will receive their federal grant(s) once we review student accounts at or around the middle of the summer term. Some types of financial aid must be canceled if not disbursed by June 30.

Professional Judgment

If you have any unusual family or financial circumstances you do not feel have been reflected properly in the determination of your financial need, you are encouraged to contact us. These unusual circumstances may include one or more of the following: loss of job, change in income, divorce, death, and/or private elementary or secondary education costs. In most cases, processing of professional judgments involving loss of income begins in October of the current award year. If you have additional educational costs that exceed the university’s published cost of attendance, such as child care, computer purchase, study abroad, or additional tuition charges, please contact the Student Financial Aid Office.

Study Abroad

Financial Aid can be processed for eligible students in approved study abroad programs. Visit the Study Abroad webpage on the International Center's website to learn more.

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(5) Federal Aid

The university participates in the following Federal Aid Programs:

  • Federal Pell Grant
  • The Academic Competitiveness Grant (ACG)
  • The National SMART Grant
  • Federal Supplemental Educational Opportunity Grant (FSEOG)
  • TEACH Grant
  • Federal Work-Study
  • Stafford Loan (Subsidized and Unsubsidized)
  • Parent PLUS Loan
  • Graduate/Professional PLUS Loan
  • Federal Perkins Loan
  • Nursing Student Loan
  • Primary Care Loan
  • Health Professions Loan
  • Loan for Disadvantaged Students

You must submit the FAFSA application to be considered for these federal aid programs. Some aid programs are designated for particular types of students (i.e. undergraduate, graduate, professional) and level of federal need. General information on some of these programs is online in Funding Education Beyond High School, which is also available upon request by calling 1-800-433-3243. General information on the Nursing Student Loan, Primary Care Loan, Health Professions Loan, and the Loan for Disadvantaged Students is available online at http://www.bhpr.hrsa.gov/dsa/.

The basic eligibility requirements for federal aid are as follows:

  • demonstrate financial need (except for certain loans).
  • have a high school diploma or a General Education Development (GED) certificate, pass a test approved by the U.S. Department of Education, meet other standards your state establishes that the Department approves, or complete a high school education in a home school setting that is treated as such under state law.
  • be working toward a degree or certificate in an eligible program.
  • be a U.S. citizen or eligible noncitizen.
  • have a valid Social Security Number (unless you're from the Republic of the Marshall Islands, the Federated States of Micronesia, or the Republic of Palau).
  • register with the Selective Service if required. You can use the paper or electronic FAFSA to register, you can register at www.sss.gov, or you can call 1-847-688-6888. (TTY users can call 1-847-688-2567.)
  • maintain satisfactory academic progress once in school.
  • certify that you are not in default on a federal student loan and do not owe money on a federal student grant.
  • certify that you will use federal student aid only for educational purposes.

Federal Pell Grant

This grant is awarded to eligible students who are working on their first bachelor’s degree or associate’s degree. The amount of this grant is determined by the payment chart published by the U.S. Department of Education according to your official expected family contribution (EFC) calculated from your FAFSA information. The EFC must be must be between 0 and 4617.  For the 2009-2010 award year the award amount ranges from $609 to $5350.  Effective for the 2009-2010 academic year, students can receive Pell Grants year round (up to 200%) and limited to 18 semesters of funding.

We award this grant assuming you will be attending full-time (12 credit hours). If you do not enroll as a full-time student your grant will be adjusted according to the payment chart.  The 2009-2010 Pell Grant Chart is also available for students to view.  You may submit a Part-Time Aid Adjustment form available online at https://vhost.louisville.edu/student/services/fin-aid/devfinaid/ourservices/forms/index.php. After the published University of Louisville 100% tuition credit period expires and aid adjustments are made for the term, no other Pell Grant adjustments will be made for enrollment changes.

The Academic Competitiveness Grant (ACG)

This grant program, as of fall 2009, is for undergraduate students enrolled at least half-time or more in an eligible program who receive Federal Pell Grants and are either U.S. citizens or are eligible non-citizens. Students must have completed a rigorous secondary school program of study and be enrolled in a bachelor’s degree program as a freshman or sophomore. Final high school transcripts must be on file with the Office of Admissions. Students with less than 30 credit hours are considered first-year students. Students with 30 or more but less than 60 credit hours are considered second-year students. Credit hours are taken from the records in the Registrar’s Office records.

A rigorous secondary school program of study includes one of the following:

  • Academic Competitiveness Grants (ACG) Recognized State Rigorous Secondary School Programs of Study can be found at http://www.ed.gov/admins/finaid/about/ac-smart/state-programs.html.
  • An advanced or honors diploma program.
  • A required set of courses similar to the State Scholars Initiative. This program of study includes four years of English, three years of mathematics (including Algebra I and higher-level courses such as Algebra II, Geometry, or Data Analysis and Statistics), three years of science (including at least one year each of two of the following: biology, chemistry or physics), three years of social studies, and one year of a foreign language other than English.
  • Completion of two or more AP courses and a score of 3 or better on at least two AP exams for the courses completed or completion of two or more IB courses and a score of 4 or better on at least two IB exams for the courses completed.

First academic year undergraduate students must:

  • Be enrolled in an eligible program;
  • Have completed a rigorous secondary school program of study;
  • Not have been previously enrolled as a regular student in an ACG-eligible college program while still in high school and were at or below the age of compulsory school attendance; and
  • Have graduated from high school after January 1, 2006.

The award is up to $750 for first academic year undergraduate students.  The grant amount is adjusted based on the number of hours you are enrolled in as of census date: full time (12 or more credit hours), three-quarter time (9, 10, or 11 credit hours) and half-time (6, 7, or 8 credit hours).

Second academic year undergraduate students must:

  • Be enrolled in an eligible program;
  • Have completed a rigorous secondary school program of study;
  • Have graduated from high school after January 1, 2005; and
  • Have at least a 3.0 GPA for the first academic year for their eligible program. (The GPA will be reviewed prior to the second disbursement of this grant and must remain at least a 3.0)

The award is up to $1,300 for second academic year undergraduate students. The grant amount is adjusted based on the number of hours you are enrolled in as of census date: full time (12 or more credit hours), three-quarter time (9, 10, or 11 credit hours) and half-time (6, 7, or 8 credit hours).

The National SMART Grant

This grant program, as of fall 2009, is for undergraduate students enrolled at least half-time or more in an eligible program, who receive Federal Pell Grants and are either U.S. citizens or eligible non-citizen. Students must be enrolled in a bachelor’s degree program as a junior or senior. Students with at least 60 and no more than 89 credit hours are considered third-year students. Students with 90 or more credit hours are considered fourth-year students. Students with greater than 120 credit hours are not eligible to receive this grant. Credit hours are taken from the records in the Registrar’s Office records.

Students must major in a qualifying U of L major, be enrolled in at least one course that meets the requirements of the eligible major, and have at least a 3.0 cumulative GPA. Determination of the GPA requirement for students transferring into U of L for the first semester will be calculated based on the courses that are accepted.  The official U of L GPA will be used for subsequent semesters.  The GPA will be reviewed each semester of potential eligibility in order to receive subsequent disbursements of the grant (must remain at or above a 3.0). 

The award is up to $4,000 for third & fourth year undergraduate students. The grant amount is adjusted based on the number of hours you are enrolled in as of census date:  full time (12 or more credit hours), three-quarter time (9, 10, or 11 credit hours) and half-time (6, 7, or 8 credit hours).

Federal Supplemental Educational Opportunity Grant (SEOG)

This grant is awarded to undergraduate students with exceptional financial need. Federal Pell Grant recipients are given priority. At U of L, the maximum award amount is $400 a year ($200 for the fall or spring semester). Until funds are exhausted, the Student Financial Aid Office awards from the pool of applicants who filed their FAFSA by the March 15th priority deadline. You must enroll at least half-time (6 hours per semester).

TEACH Grant

The TEACH Grant Program is a non-need based program that provides up to $4,000 per year to students enrolled in an eligible program and who agree to teach as a highly-qualified teacher in a high-need field, at a low-income elementary or secondary school for at least four years within eight years of completing the program for which TEACH Grant was awarded. Eligible undergraduate students may not receive more than $16,000 and graduate students may receive no more than $8,000 in total TEACH Grants.

In exchange for TEACH Grant aid, students must agree to serve as a full-time teacher at a federally designated low-income (Title I) school and teach in a specified high-need field for four academic years within eight years after completing their program. TEACH Grant recipients who do not fulfill their teaching obligations must repay the grant as if it was an unsubsidized Direct Loan, with interest accruing from the date the grant was disbursed.

Additional information about the program can be found at http://www.studentaid.ed.gov/PORTALSWebApp/students/english/TEACH.jsp
Student Eligibility Requirements:

  • Submit a completed FAFSA and meet all federal student eligibility requirements*
  • Indicate interest on the FAFSA or notify the Student Financial Aid Office of interest
  • Be admitted into the Teacher Certification program. Please contact the College of Education and Human Development for more details, 852-6431.
  • Enroll in a degree program that has been identified by the federal government as “high-need”. (A state by state listing can be found at http://www.ed.gov/about/offices/list/ope/pol/tsa.doc)
  • Maintain a 3.25 GPA (high school GPA for first year undergrads) OR score in the 76th percentile or higher on at least one nationally-normed admissions test (SAT, ACT, GRE)
  • Complete and sign Agreement to Serve (ATS) on file with the Department of Education

*Please note that the amount of TEACH Grant in combination with any other assistance may not exceed the cost of attendance

Federal Work-Study Program (FWS)

We primarily award Federal Work-Study to Pell Grant eligible students who filed the FASFA by March 15th. The funds for this award are earned by working a part-time job. Receiving this award depends on when you apply, your level of financial need, and availability of funding.

If you have been awarded Federal Work-Study, you will be given the opportunity to seek employment on one of the University's campuses. Hopefully, you will be able to secure a job related to your vocational goals, previous work experience, or special skills. At U of L, your pay rate will be at least $7.25 an hour. You must be enrolled at least half-time and a degree-seeking student for Federal Work-Study eligibility.

Your work-study award amount listed on your award notification is the maximum you may earn during the award period. This is not a guarantee you will earn this amount, but rather it is a reasonable estimate of what you should be able to earn.

In early August, we will notify you regarding instructions for securing a job. If for some reason you are denied employment by three or more departments and/or have difficulties finding a job, you should contact the Career Development Center.

The Student Financial Aid Office reviews the funding available for this program later in each fall and spring semester. Sometimes additional funds become available due to cancellations by students who were initially awarded. If you were not initially awarded Federal Work-Study, review our website and contact us concerning, the request process, and the date pending the availability of funds. If you had work-study in the past academic year and want to continue in the summer, you must have your supervisor contact our office to request funding.

Also, summer applicants must have the following criteria met to be considered for a summer federal work-study award:

Must have completed a UofL summer on-line aid application;

  • Must have completed a UofL summer on-line aid application;
  • Must be enrolled for a minimum of six credit hours;
  • Must be registered for all hours at the start of summer;
  • Must maintain a minimum of six hours throughout the summer semester;
  • Must be classified as a regular undergraduate student in a degree seeking program;
  • Must meet Satisfactory Academic Progress (SAP) requirements;
  • Must have unmet need as determined by the Student Financial Aid Office.

Stafford Loan

This award is a low interest loan that must be repaid. There are two types of Stafford Loans: subsidized and unsubsidized. To qualify for subsidized Stafford Loans, you must have financial need as determined by the FAFSA to qualify and have not exceeded your aggregate loan limit. The U.S. Department of Education pays the interest on this loan while you are enrolled at least half-time in a degree-seeking status or approved non-degree status, for the first six months after leaving school and for authorized periods of deferments. Unsubsidized Stafford Loans do not require financial need and the student is responsible for the interest on this loan, from the time of disbursement. In order to process your loan, subsidized and/or unsubsidized, you will need to accept the loan.

For more information about Direct Stafford Loans and step by step application instructions, please visit our Loan Programs page.

Direct Parent PLUS Loan

The Direct Federal Parent Loan for Undergraduate Students (Parent PLUS) is a loan to parents of dependent undergraduate students. To apply for this loan you must have a complete 2009-2010 FAFSA and all requested documentation and have accepted your full Stafford Loan eligibility. You must be enrolled at least half-time as a degree-seeking student. Each year your parent must pass a credit check for the Parent PLUS. As part of the application process, a credit check must be completed.  If a parent does not pass the credit check, they will receive an endorser form.  They still might be able to receive a PLUS loan if someone, such as a relative or friend who is able to pass the credit check, agrees to endorse your loan. However, if an endorser is not an option for you, the Student Financial Aid Office will automatically review the student's eligibility for an extended Federal Unsubsidized Stafford Loan and process it on their behalf. For further information regarding the Parent PLUS credit decision, parents can call the Direct Loan Customer Service Center toll-free at 800-557-7394.

For more information about Direct Parent PLUS Loans and step by step application instructions, please visit our Loan Programs page.

Direct Graduate/Professional PLUS Loan

Graduate and professional students may apply for a Direct Graduate/Professional PLUS to help pay their educational costs. The Direct Graduate/Professional PLUS requires a credit review and that the student attend at least half-time in a degree program. For 2009-2010 academic year, the PLUS interest rate will be 7.9%. Typically the student begins repaying interest and principal within 60 days after the loan is fully disbursed.

For more information about Direct Graduate/Professional PLUS Loans and step by step application instructions, please visit our Loan Programs page.

Federal Perkins Loan

The Perkins Loan is a campus-based loan you must pay back with a 5% fixed-interest rate. The University is the lender for the Perkins Loan. We primarily award the Perkins Loan to Pell Grant eligible students who filed the FASFA by March 15th. Receiving this award depends on when you apply, your level of financial need, and availability of funding.
At U of L, the maximum award amount is $2,000 per year (fall/spring) for an undergraduate degree-seeking student enrolled at least half-time.

For more information about Perkins Loans and step by step instructions, please visit our Loan Programs page.

Nursing Student Loan

The Nursing Student Loan is a 5% fixed-interest loan you must pay back. The University is the lender for the Nursing Student Loan. We award this loan to nursing students who filed the FASFA by March 15th and meet other eligibility requirements. Receiving this award depends on when you apply, your level of financial need, and availability of funding.

At U of L, the maximum award amount is $4,000 per year (fall/spring) for an undergraduate degree-seeking student enrolled at least half-time.

In order to process your loan, you will need to accept the loan on ULink, complete the entrance interview, and sign the promissory note. Please allow one business day prior to going to the Bursar’s Office website (http://louisville.edu/finance/bursar/studentinfo/campusloans/promissorysteps.html) to complete the entrance interview and the promissory note.

If you were not initially awarded a Nursing Loan, our office reviews the funding available for this program later in each fall and spring semester. Review our website or contact us concerning availability for re-awarding, the request process, and the date.

Primary Care Loan (PCL)

Medical School students who are interested in this loan need to contact the Medical School at 502-852-5187.

Health Professions Student Loan (HPL)


Dental School students who are interested in this loan need to contact the Dental School at 502-852-5081.

Loan for Disadvantaged Students (LDS)


Medical School students interested in this loan need to contact the Medical School at 502-852-5187. Dental School students who are interested in this loan need to contact the Dental School at 502-852-5081.

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(6) Kentucky State Aid

The State of Kentucky has several financial aid programs for Kentucky residents administered by the Kentucky Higher Education Assistance Authority (KHEAA). The University of Louisville participates in the following state programs: College Access Program (CAP), Kentucky Educational Excellence Scholarship (KEES), KHEAA Teacher Scholarship, Robert C. Byrd Scholarship, Early Childhood Development Scholarship (ECDS), Mary Jo Young Scholarship, and the Go Higher Grant. Please visit www.kheaa.com website for more information on these programs.

College Access Program (CAP) Grant

The State of Kentucky provides need-based grants to undergraduate Kentucky residents through the College Access Program (CAP). To be eligible for CAP, you must meet requirements to be eligible for the Pell Grant, be working on your first bachelor's degree, and be enrolled at least half-time. You must complete the FAFSA prior to the State of Kentucky’s March 15th priority deadline for determination of your eligibility. You will be notified of your eligibility directly by KHEAA. However, to be awarded the CAP grant, there must be remaining availability of State funds. You need to apply through the FAFSA each year. You can receive the CAP grant for up to 8 semesters during fall and spring only. You may be awarded an additional semester if a previous CAP award had been reduced due to part-time enrollment. This award is adjusted to the number of hours you are enrolled as illustrated below:

2009-2010 CAP Grant

Enrolled Hours per Semester

Award per Semester

6

$474

7

$553

8

$632

9

$711

10

$790

11

$869

12

$950

Kentucky Educational Excellence Scholarship (KEES)

You may have earned KEES if you graduated from a certified Kentucky High school and maintained a high school grade point average of 2.5 or higher, and/or received a score of 15 or better on your ACT (or SAT equivalent score). You may view your award amount at www.kheaa.com.

If you were home-schooled, a GED recipient, or graduated from a non-certified Kentucky high school, you need to contact Wesley Partin (502-852-8346) to determine your eligibility.

Please visit KHEAA’s frequently asked questions website for any additional information, http://www.kheaa.com/website/kheaa/keesfaqs?main=1.

KHEAA Teacher Scholarship

The KHEAA Teacher Scholarship Program provides financial aid to highly qualified Kentucky students pursuing initial teacher certification at participating Kentucky institutions. All applicants must be Kentucky residents enrolled full-time (unless enrolled for the final term of a teacher certification program and less than full-time enrollment is required to complete the program). Applicants must demonstrate financial need and meet their institution's education program GPA requirements to qualify for a KHEAA Teacher Scholarship. For further information please visit http://www.kheaa.com/website/kheaa/teacher?main=1

Robert C. Byrd Scholarship

The federally funded Robert C. Byrd Honors Scholarship program provides scholarships to academically talented high school seniors and GED recipients who show promise of continued excellence in postsecondary education. For further information please visit http://www.kheaa.com/website/kheaa/byrd?main=1

Early Childhood Development Scholarship (ECDS)

The Early Childhood Development Scholarship provides a seamless system to upgrade the professional development of child-care workers and trainers. The state legislature and the Governor created the Early Childhood Development Scholarship as part of the KIDS NOW early childhood initiative. The scholarship provides financial assistance, to the extent of available funds, in the form of non-repayable tuition scholarships for Kentucky students. For further information please visit http://www.kheaa.com/website/kheaa/ecds?main=1

Mary Jo Young Scholarship


The Mary Jo Young Scholarship is for high school students in grades 9 thru 12 enrolled in dual credit classes at any college or university or students taking Advanced Placement courses through the Kentucky Virtual High School. Students may be eligible to receive tuition and expense reimbursement for up to two courses each semester. Awards are given with priority to low-income students, minority students and first-generation college attendees. For further information please visit http://www.kheaa.com/website/kheaa/mjyoung?main=1

Go Higher Grant


The Go Higher Grant is a need-based grant program. It provides adults age 24 or older up to $1,000 for one academic year when they enroll in a participating Kentucky college or university less than half-time, which is usually one or two courses. The award covers tuition and a book allowance of $50 per credit hour. For further information please visit http://www.kheaa.com/website/kheaa/gohighergrant?main=1

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(7) Tuition Waiver/Benefit Programs

Faculty/Staff Benefits

The University of Louisville offers tuition benefits for some faculty and staff and their dependents. These programs are administered by the Bursar’s Office. For information on this tuition benefit, visit their website at www.bursar.louisville.edu or call 502-852-6503.

Tuition Waiver for Senior Citizens


The University offers tuition remission to individuals who are classified by the Office of Admissions as residents of Kentucky and are at least 65 years of age on, or before, the first day of classes for the semester. Special costs, such as course fees and parking, are not covered by this program and are the financial responsibility of the student. Proof of age may be shown by presenting a driver’s license or other age verification document at www.bursar.louisville.edu.

KRS Tuition Waivers


The Student Financial Aid Office administers the following tuition benefit programs mandated by the Kentucky General Assembly. The details for these programs are available on our website at www.louisville.edu/financialaid > Award Guide > Tuition Waivers.

Dependent/Spouse of a Veteran Tuition Waivers

Waiver of tuition for dependents, widow, or widower of members of the Armed Forces or of members of the National Guard killed while in service or having died as a result of a service-connected disability (KRS 164.505)

Waiver of tuition for spouse or child of deceased veteran of war (KRS 164.507)

Waiver of tuition for disabled child of a veteran (KRS 164.512)

Waiver of tuition for spouse or child of a member of National Guard, war veteran, prisoner of war permanently disabled while in service, or member of the Armed Services missing in action (KRS 164.515)

Dependent/Spouse of Police Officers, Firefighters, and State Employees Tuition Waivers


Waiver of tuition for survivor of police officer, firefighter, volunteer firefighter, or state employee killed in the line of duty (KRS 164.2841)

Waiver of tuition for spouse or child of police officer, firefighter, volunteer firefighter, or state employee permanently and totally disabled in the line of duty (KRS 164.2842)

Cooperating and Resource Teachers Tuition Waiver

In recognition of valuable service to the preparation of teachers and the need for all teachers to have continual professional growth, a supervising teacher or a resource teacher for teacher interns may, with prior approval of the course-offering institution, take a maximum of six (6) credit hours per term at any public postsecondary institution and pay no tuition. The postsecondary institution shall waive the tuition up to a maximum of six (6) credit hours (KRS 164.2845)

Kentucky
Foster and Adopted Children Tuition Waiver

Waiver of all or a portion of tuition for Kentucky foster and adopted children affiliated with the Cabinet for Families and Children (CFC) or the Department for Juvenile Justice (DJJ) (KRS 164.2847)

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(8) Scholarships

Admission Based Scholarships

The Office of Admissions offers scholarships for graduating high school seniors. For most scholarships, the deadline to apply is January 15th. For further information please visit the Office of Admission’s website at http://louisville.edu/admissions/aid/scholarships, or email at admitme@louisville.edu or call (502) 852-6531.

Once awarded, renewal eligibility is monitored by the Student Financial Aid Office. If you do not maintain the requirements for your scholarship, you may submit an appeal. Contact the Student Financial Aid Office or visit our website at www.louisville.edu/financialaid > Award Guide > Scholarships regarding the renewal requirements, appeal process, and appeal deadline.  

Students who have previously lost a scholarship due to not meeting eligibility requirements may qualify to have their scholarship reinstated. Students who have regained eligibility by the end of the spring term may view the requirements for reinstatement and obtain the Reinstatement form on our website at www.louisville.edu/financialaid > Award Guide > Scholarships.

If scholarship students must leave the university due to extenuating circumstances, they may be eligible for a leave of absence for scholarship purposes. If students must withdraw and a scholarship leave of absence request is not approved, they will lose their scholarship permanently. A Leave of Absence request form can be found on our website at www.louisville.edu/financialaid > Award Guide > Scholarships.

Cardinal Covenant

The University of Louisville has initiated a special program called the Cardinal Covenant in response to college costs and the challenge for students from low-income families to fund their education.

Beginning with the incoming class in the fall 2007 semester, the University of Louisville has made a promise to incoming new freshmen who meet the following criteria to award enough gift assistance from federal, state, private, and institutional sources to cover standard direct costs (tuition, room, board, and books). For the 2009-2010 academic year this is projected to be $15,546. In this program, students may be able to graduate debt free as long as they graduate within five years and remain Pell Grant eligible each year.

To be eligible for this program, students must meet the following requirements:

1. Submit an application for admission and all required credentials (test scores and high school transcript) to the Office of Admissions by February 15th
2. Meet academic requirements of a 20 ACT composite score and 2.5 High School GPA by February 15th
3. Be a resident of Kentucky
4. Complete a Free Application for Federal Student Aid (FAFSA) each year by the March 15th priority deadline
5. Have a completed financial aid file including submission of all requested documentation (i.e. verification) in the Student Financial Aid Office by May 1st each year
6. Meet all Pell Grant eligibility requirements
7. Enroll full time, 12 hours or more each semester
8. Maintain a cumulative GPA of 2.0
9. Maintain Satisfactory Academic Progress (SAP) as defined at U of L for continued eligibility to receive federal aid
10. Meet academic requirements of school or college to continue enrollment
11. Maintain required minimum eligibility for all awarded institutional and state funds
12. Have an annual family income at or below 150% of the 2009 federal poverty guidelines as listed below:

Number of Persons in Family

150% of Poverty Level

1

$16,245

2

$21,855

3

$27,465

4

$33,075

5

$38,685

6

$44,295

7

$49,905

8

$55,515

For each additional person add:

$5,610

The most important action a student can take at this time is to ensure that they did complete the 2009-2010 FAFSA by the March 15, 2009 priority deadline. In addition, students should work with the Office of Admissions to be certain they have submitted all required documentation. This documentation must be submitted by May 1st, 2009.

If a student must leave the university due to special circumstances they may be eligible for a leave of absence. If there are unique circumstances that require students to take a break from attendance and they are a Cardinal Covenant student, a 2009-2010 leave of absence request form must be submitted. All requests will be reviewed, if approved a leave of absence for Cardinal Covenant purposes will be granted. Not all requests for a leave of absence will be approved.

Continuing Undergraduate Student Scholarship

A limited number of academic scholarships are available to currently enrolled undergraduate students seeking their first bachelor's degree, who have earned at least 24, but not more than 144 U of L credit hours, and compiled a cumulative 3.0 Grade Point Average(GPA) or better at the University of Louisville.

Students in receipt of admissions based scholarships are not eligible to participate in this program. Awards are based on funds available and enrollment of 12.0 credit hours or more. Students enrolled between 6.0 and 11.0 credit hours will have their award reduced. Students enrolled for less than 6.0 credit hours are not eligible. The deadline to apply is March 15 prior to the next academic school year. Applications are available online at ulink.louisville.edu listed under the Financial Aid section on the Student Services tab beginning January 1st.

KCTCS Academic Transfer Scholarship

Students who are transferring to the University of Louisville directly from a KCTCS institution or Ivy Tech Community College, Sellersburg may be eligible to apply for the KCTCS Academic Transfer Scholarship.
In order to apply, students must:

  • Have 40 or more transferable hours at the end of the spring semester. The 40 transferable hours cannot include developmental coursework.
  • Have a 3.25 transferable GPA at the end of the spring semester. The transferable GPA cannot include developmental coursework.  The transferable GPA will include all colleges attended.  If you previously attended UofL, your grades and hours will be included in the transferable GPA.
  • Plan to enter the University of Louisville for the summer or fall semester.
  • Complete an application for admission as a degree-seeking student to the University of Louisville by March 15, 2009.
  • Complete the KCTCS Academic Transfer Scholarship application on the Office of Admission's website by the March 15th deadline (http://louisville.edu/admissions/aid/scholarships/transfer).
  • Turn in final transcripts by May 15, 2009.

Awards are merit based and typically range from $500 to $3000 per year. Notifications are sent in mid-June.  If you have any questions concerning scholarship eligibility, please contact transfer services at admitme@louisville.edu and put KCTCS Scholarship in the subject line.

Departmental Scholarships

You should contact your department of study or interest to see if the department has scholarships available.  If you are awarded a scholarship through your department, the department is responsible for certifying your award to the Student Financial Aid Office.  The department will notify the Student Financial Aid Office and we will post the department award to your financial aid account. If you expect to receive a departmental scholarship, complete a Report Other Aid form online at www.louisville.edu/financialaid.

Outside Scholarships


The Student Financial Aid Office maintains a listing of the outside scholarship information we receive and a list of award agencies that have awarded outside scholarships to University of Louisville students in the current year.  You can access the list of outside scholarships and award agencies on our website at www.louisville.edu/financialaid > Scholarships. Students are encouraged to review this webpage and search free websites for additional scholarship opportunities. However, we caution students from pursuing scholarship searches that require fees to participate.

You must notify the Student Financial Aid Office if you are receiving a scholarship from outside sources, such as through a community or service organization. You may notify us by submitting a Report Other Aid form at www.louisville.edu/financialaid.

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(9) Other Resources

It is the student’s responsibility to report all sources of estimated financial assistance including departmental scholarships, employee tuition remission, outside scholarships, alternative (or outside) student loans, third party assistance, housing benefits or waivers and Metropolitan College benefits to the Student Financial Aid Office. To report estimated financial assistance not already included in your aid package, complete the Report Other Aid form at www.louisville.edu/financialaid. Reporting this information to the Student Financial Aid Office early will help prevent changes in eligibility that can result in reductions to financial aid.

Kentucky Department of Vocational Rehabilitation


If you have a disability you may be eligible for state aid to assist you with the cost of your education. “The Kentucky Department of Vocational Rehabilitation assists Kentuckians with disabilities to achieve suitable employment and independence.” You may review information on vocational rehabilitation at http://ovr.ky.gov/. You must report Vocational Rehabilitation benefits to the Student Financial Aid Office on the Report Other Aid form at www.louisville.edu/financialaid.

Kentucky
National Guard

If you receive tuition benefits from the Kentucky National Guard, you need to complete your enrollment as soon as possible for each term. We send an enrollment file to the Kentucky National Guard following the last day to drop/add classes at 100% tuition credit for the term. The funds usually arrive within 30 days. If you add additional classes later in the semester, you must notify the Student Financial Aid Office immediately. Kentucky National Guard funds are limited and subject to availability. If you have any questions regarding these benefits while attending the University, please contact Wesley Partin at 502-852-8346.

Americorps

If you have earned an Americorps award you intend to use toward your University bill, you need to submit the appropriate Americorps documentation to the Bursar’s Office. In addition, you need to notify the Student Financial Aid Office of this award by sending a copy of the Americorps documentation you submitted to the Bursar’s Office or by submitting a Report Other Aid form at www.louisville.edu/financialaid. Federal regulations mandate that aid received from other resources be counted when determining your eligibility for federal student aid.

Veteran Educational Benefits


If you file a FAFSA and receive educational benefits from the U.S. Department of Veteran Affairs (VA), you will be notified to submit certification of your monthly stipend to the Student Financial Aid Office. If you are receiving a tuition benefit, complete the Report Other Aid form at www.louisville.edu/financialaid. Federal regulations mandate that your veteran’s educational benefits be counted when determining your eligibility for federal student aid. These benefits must be included with any other financial aid on your account and may not exceed your cost of attendance. You need to submit a copy of your award letter (or similar documentation) to the Student Financial Aid Office from the Veterans Administration showing the chapter and amount of veteran educational benefits to be received. It is imperative that students anticipating receipt of VA educational benefits contact the Registrar’s Office to complete the certification process.

Metropolitan College UPS program

Metropolitan College is a partnership among the University of Louisville, Jefferson Community and Technical College, Jefferson Technical College, UPS, Humana, and Community Alternative Kentucky (CAKY). Participants in this program receive both employment income and paid tuition benefits. A 2009-2010 Free Application for Federal Student Aid (FAFSA) is required. Certain stipulations apply and you should visit www.metro-college.com for further information and eligibility requirements.

3rd Party Resource


If you receive funds from a third party (non U of L) source to be processed through the Bursar’s Office, you need to complete a Report Other Aid form at www.louisville.edu/financialaid.

Bursar Payment Plans


The Bursar’s Office offers several payment plans students may use to settle their bills. Information on these plans is available online at the Bursar’s Office website www.bursar.louisville.edu.

Alternative Loans

An alternative student loan (also referred to as a private or outside student loan) is not a federal student loan, but one through a private bank or other lending institution. Generally, alternative loans have interest rates, repayment terms, and deferment options that are substantially less favorable than those of the Federal Stafford, Perkins, Parent PLUS, and Graduate/Professional PLUS Loan programs.

Access processing instructions and a link to our lender list on our website at www.louisville.edu/financialaid > Loans > Alternative Loan.

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(10) Award Notification

Determining your Award

In determining whether you have financial need, the University maintains certain principles and practices. First, the primary responsibility for financing your education rests with you and your family. Second, financial aid is a resource, which is only available to fill the gap between your family's contribution and your yearly cost of education. Third, in determining your family's ability to contribute toward the cost of a college education, the institution must utilize a fair, consistent, and equitable method of measuring a family's resources. The process of need analysis utilizes the federal methodology (FM) as approved by the U.S. Congress and calculated by the U.S. Department of Education.

In determining need, many factors are considered including the taxable income of your parents, you the student, and/or spouse, value of assets, untaxed income, number of people in the household, and number of family members in college.

Once we have received and processed any requested documentation from you, your application for financial aid at the University of Louisville is reviewed and an award notification is sent. Note that you will only receive an award notification if you have been awarded federal aid such as the Federal Pell Grant, Academic Competitiveness Grant (ACG), National SMART Grant, TEACH Grant, Federal Supplemental Education Opportunity Grant, Federal Work-Study, Federal Perkins Loan, Direct Stafford Loan, and the Direct PLUS loan programs. If you receive KEES and/or institutional aid with no federal aid, you will not receive an award notification. You receive notification of your KEES award from the Kentucky Higher Education Assistance Authority and notification of institutional aid from the associated university department.

You are not packaged or awarded aid until you are admitted to the University.

Awarding Philosophy & Procedures

In an effort to establish a consistent means of packaging financial aid, we have established the following minimum standards for awarding student financial aid:

  1. You will not be awarded federal or state need based aid unless you have a complete 2009-2010 FAFSA with an official expected family contribution (EFC) on file with the Student Financial Aid Office. The priority deadline to file the FAFSA each year is March 15th. This priority deadline applies to the awarding of programs such as the Kentucky supported College Access Program Grant (CAP) program and the federal campus-based programs (Federal SEOG, Federal Work-Study, and the Federal Perkins Loan).
  2. You will not be awarded federal or state aid until you have a complete financial aid file including an official 2009-2010 FAFSA, all requested documents, and an active application in our computer system. No ineligible or hold flags may exist on your account. All federal database match problems must be resolved. Deadlines for aid consideration for each semester are available on our website www.louisville.edu/financialaid.
  3. You will not be awarded federal or state need based aid if you are determined not to be maintaining Satisfactory Academic Progress (SAP) as determined by the University's SAP policy. SAP determination is made at the end of the spring semester each year and students who do not meet the SAP requirements are notified by e-mail.
  4. You must meet all federal, state, and institutional eligibility program requirements.
  5. You will not be awarded financial aid in excess of determined financial need except for Direct Unsubsidized Stafford, Direct Parent PLUS, Direct Graduate/Professional PLUS, and alternative loan funds, and/or scholarship funds, which are not primarily need based.
  6. All scholarships, grants, loans, tuition remission, awards, prizes, allowances, incentives, and outside scholarships must be counted as estimated financial assistance in determining a student’s total aid package. Funding paid through the payroll office is not typically required to be included in the total financial aid package.
  7. All undergraduate students will be required to have their Federal Pell Grant eligibility established before being considered for campus-based aid, Academic Competitiveness Grant (ACG), National SMART Grant, or Direct Stafford Loan funds.
  8. All undergraduate students will be required to have their Stafford Loan eligibility established before being considered for Direct Parent PLUS, Direct Graduate/Professional PLUS Loans, or alternative loan funds.
  9. At the University, the academic year consists of the fall and spring semesters and summer is treated as a trailer. You only receive federal aid in the summer if you do not use your full eligibility during the fall and spring semesters. Most state aid and scholarship aid is not available in the summer. Effective for the 2009-2010 academic year, students can receive Pell Grants year round (up to 200%) and limited to 18 semesters of funding.
  10. For the academic year, you are not awarded federal or state aid until you have been admitted to the university. Provisionally admitted students are not awarded federal or state financial aid.
  11. For summer and spring, you must register for classes to be considered for aid, and you must be enrolled at least half-time to be packaged with aid other than the Federal Pell Grant.
  12. The federal government’s federal aid programs are primarily for degree-seeking students, and you may only receive federal financial aid if you enroll at U of L in a degree-granting program. Exceptions can be made for students who are taking courses necessary for admission to a degree-granting program or approved certification program.
  13. All initial awards are made on the assumption of full-time enrollment. Awards will be adjusted according to your actual enrollment at the end of registration (census date) or at the time a student completes and submits a Part-Time Adjustment form for that semester (available at www.louisville.edu/financialaid).
  14. The Federal Pell Grant, Academic Competitiveness Grant (ACG), and National SMART Grant cannot be adjusted for classes added after a particular semester’s census date. The census date is at the end of the 100% Tuition/Fee Reduction Period. The summer term has multiple census dates depending upon which session you are registered.
  15. Financial Aid from most federal and state aid programs is based on a student's enrollment as of census date each semester. Census date is the last day to drop at 100% tuition credit. Waitlisted courses are not included in a student’s enrolled hours.  To ensure, proper posting of your financial aid awards, please be sure you are registered for the correct number of hours as of census date.
  16. The University does not enter into consortium or contractual agreements for students to attend other institutions. However, the University will enter into a consortium agreement if your home institution initiates it with aid being processed by the home institution. The University will enter into consortium agreements if you are enrolled in an approved study abroad program coordinated through the International Center and if you are enrolled in the Kentucky Virtual University (KYVU). We require proof of payment for KYVU classes prior to disbursing aid based on those hours. Exceptions may apply.
  17. In most cases, federal regulations prohibit the receipt of federal and state student aid for concurrent enrollment at multiple institutions.
  18. If you are enrolled at the University as a visiting student, you will not be awarded federal aid by the Student Financial Aid Office.
  19. If you submit a degree application for graduation, your financial aid must be prorated. This requires a re-calculation of your eligibility based on the hours you are enrolled and an adjustment of your budget from a 9 month to a 5 month period.
  20. If you receive aid from a third party source in a previous term, we will place an estimate on your account for the upcoming year.

We establish our annual awarding philosophy, including award minimums, maximums, and EFC cutoffs according to federal guidelines. We reserve the right to use professional judgment and to make exceptions to our awarding philosophy.

Reviewing, Accepting, Reducing, and Declining an Award

We assume you accept all standard scholarships, grants, and Federal Work-Study awards listed on your award notification. Therefore, you do not need to accept these awards.   The Federal TEACH Grant is an exception because it may become a loan if service obligations are not met.  If you want to reduce or decline any of these awards, you will need to indicate it appropriately on your award notification or submit a signed statement regarding your adjustments to the Student Financial Aid Office.

Once you receive an award notification, please follow the instructions for reviewing, accepting, reducing, and declining awards.

If you have been offered a federal loan award(s), action is required from you to accept, reduce, or decline your award. You may complete this process online at www.ulink.louisville.edu (click on Accept/Decline listed under the Financial Aid section on the Student Services tab) or you may submit a signed statement to the Student Financial Aid Office.

Finally, it is important for you to understand all financial aid awards are dependent upon institutional, private, state, and/or federal funding. All financial aid awards are subject to change or cancellation if it is determined you do not meet the eligibility requirements. We fully intend to be able to adequately fund any commitments which are made to you, but there is a possibility a program may be discontinued or funds may not be appropriated to the University. If this happens, we will notify you and either change your award or withdraw the offer.

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(11) Award Disbursement

Anticipated Aid

If you have financial aid that has been awarded, but it has not been disbursed to your customer account, it will be reflected as anticipated aid on your customer account. You need to apply early if you are dependent on financial aid for settling your bill and/or for living expenses. If your bill is not settled by the published due date with anticipated aid, you will have to use other means for settling your account. Descriptions of other methods for settling your bill is available on the Bursar’s Office website (http://louisville.edu/vpf/bursar/student/payment.htm).

Financial Aid Advance


You may apply for a financial aid advance on www.ulink.louisville.edu by selecting Request for Financial Aid Advance in the Financial Aid section on the Student Services tab. Generally, the advance is available a few days prior to the start of the fall and spring semester. The maximum amount that will be advanced is $450 if you have enough anticipated aid to cover any outstanding bill(s). The amount of the financial aid advance, and a $5.00 processing fee (described below). You cannot receive a financial aid advance if you have previously received an advance for the same term, withdrawn from classes after receiving a prior advance, or have been issued excess funds of $500 or more. A $5.00 processing fee will be assessed by the Bursar’s Office when you receive a financial aid advance. The Bursar's Office will make the final determination of eligibility or availability of funds.

Disbursement of Financial Aid

All financial aid disbursements made to you by the university will occur only after verification of all program eligibility requirements and verification of enrollment information in the student records system. If any discrepancies exist, the disbursement of financial aid may be delayed or canceled. Satisfactory Academic Progress must also be verified for each award year before aid is disbursed. Transfer students should note that the National Student Loan Data System (NSLDS) data from previous colleges must be reviewed by the Student Financial Aid Office before disbursement can occur. If your award is based on full-time enrollment, and you are enrolled part-time, your aid will not be disbursed until after registration unless you notify the Student Financial Aid Office by filling out the Part-Time Aid Adjustment form. You must be enrolled as at least a half-time student in order to receive a Stafford Loan, Parent PLUS Loan, Graduate/Professional PLUS Loan, Federal Perkins Loan, Federal Work-Study Funds, Federal Supplemental Education Opportunity Grant, KEES, CAP grant, Academic Competitiveness Grant (ACG), and the National SMART Grant. Half-time is considered 6 hours for undergraduates and 4.5 hours for graduates. During the summer term, the Graduate School has determined that 6 hours will be considered full-time for graduate students and 3 hours half-time.

If you register during early registration, you are required to pay all charges on your account by the Bursar Office’s due date unless you have anticipated aid. If you register during drop/add registration, you usually have 72 hours to settle your account. Please contact the Bursar’s Office for your due date.

Financial Aid from most federal and state aid programs is based on a student's enrollment as of census date each semester. Census date is the last day to drop at 100% tuition credit. Waitlisted courses are not included in a students enrolled hours. After the published census date, aid adjustments are made for the term and no other adjustments will be made for enrollment changes.  To ensure, proper posting of your financial aid awards, please be sure you are registered for the correct number of hours as of census date.

Most financial aid awards credit to your customer account at the Bursar’s Office. Disbursement of Federal Work-Study funds will be by check payable to you. Federal Work-Study funds will be disbursed on a biweekly payroll basis for the hours submitted on your timesheet once you have been properly set up on payroll. Outside scholarship checks may require your endorsement before they can be applied to your account. Some PLUS and alternative loans will be disbursed by check available for pick-up in the Bursar’s Office.

If you have accepted a federal loan, you will need to follow the procedures sent with the award notification to complete the promissory note and entrance interview. Federal regulations require all loan proceeds to be disbursed by the lender in at least two equal installments during the period of enrollment for which the loan is made.

The first disbursement of federal financial aid funds is scheduled prior to the start of each semester.

Excess Funds and Balances Due

In all cases, you are responsible for paying the balance due after financial aid has been disbursed. Disbursed financial aid that exceeds your balance owed the University is considered excess funds. U of L has contracted with a company called HigherOne to handle all student refund services. If you are a new student, you will receive a mailing from U of L and HigherOne outlining the steps necessary to process your refund. This will include a debit card that you will need to activate your account. You must select an option for receipt of your excess funds. The options are: transfer of excess funds to your bank account or to a free HigherOne account.  For more on HigherOne, visit the Bursar's Office HigherOne webpage at http://www.louisville.edu/vpf/bursar/higherone/.

If your award is for more than one semester, you will be issued your aid at the beginning of each semester. For summer, your aid will begin disbursing after the census date for the first summer session for which you are enrolled. Your award notification shows the amounts that will be disbursed to you each semester.

If you receive excess funds as a result of a change in your registration status (enrolled hours, college, residency, housing), please be aware that your financial aid will be re-evaluated at the end of the Registrar’s 100% drop/add date (census date) and you will be responsible for repaying any funds that you were not eligible to receive.

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(12) Satisfactory Academic Progress (SAP) Policy

All students who apply for any federal or state aid such as the Federal Pell Grant, Academic Competitiveness Grant (ACG), National SMART Grant, Teacher Education Assistance for College and Higher Education (TEACH) Grant Program, Stafford Loan, CAP Grant, Federal Perkins Loan, Nursing Student Loan, Parent PLUS Loan, Grad/Professional PLUS Loan, Federal Work-Study, or Federal Supplemental Educational Opportunity Grant (FSEOG) programs must meet the standards of the Financial Aid Office’s SAP policy regardless of whether they have ever applied for or received financial aid in the past. Post-baccalaureate students and those seeking a second undergraduate degree or certification should be aware that their SAP status will be determined according to the criteria established for undergraduate students. Post-graduate students or students seeking another graduate degree will be assessed according to the criteria established for graduate students. Dental, Law, and Medical students are considered to be maintaining SAP as long as they are allowed to continue to enroll. The university policy examines the following factors: Grade Point Average (GPA), Financial Aid Earned Hours (FEH), and Financial Aid Years of Eligibility (FAYE). SAP is monitored for all students at the end of each spring term. Students will be reviewed for the fall, spring, and prior summer semesters (i.e. summer 2009, fall 2009, spring 2010).
Grade Point Average

  • GPA is a qualitative measure used to evaluate the progress of undergraduate students who have earned 60 or more credit hours. A cumulative overall (not program) GPA of 2.0 or better is the SAP requirement. Graduate students are considered to be meeting the GPA requirement of the Satisfactory Academic Progress policy as long as they continue to be allowed to enroll.

Financial Aid Earned Hours (FEH)

  • FEH is a quantitative measure used to evaluate minimum financial aid earned hours during each term for which federal aid was disbursed. Undergraduate students who receive federal financial aid based on at least half-time enrollment are expected to earn a minimum of 6 hours for each semester or 12 hours total for the fall and spring combined. If you also enroll for the summer term, then you are expected to complete a minimum of 6 hours for the term and a total of 18 hours for the academic year. Undergraduate students who receive aid based on less than half-time enrollment are expected to earn the actual number of hours for which their aid was disbursed. Graduate students who receive federal aid based on at least half-time enrollment are expected to earn 4.5 hours each semester or 9 hours total for the fall and spring combined. If you also enroll for the summer term then you are expected to complete a minimum of 3 hours for the term and a total of 12 for the academic year. If you attend one fall or spring term and a summer term, then you are expected to complete 12 hours as an undergraduate student and 7.5 hours as a graduate student.

Financial Aid Years of Eligibility (FAYE)

  • FAYE is an index establishing limitations on the cumulative length of time that a student may be enrolled in a degree program and receive consideration for federal financial aid awards. Full-time undergraduate students are allowed to earn 144 hours toward completion of a bachelor's degree. Graduate students are allowed to earn 54 hours toward completion of a graduate degree. Doctoral students are allowed to earn 108 hours toward completion of a doctoral degree and 90 hours is the limit towards a specialist degree. After these hours are earned, the student will be denied future aid and will have to appeal to have aid reinstated or submit a clearance form if there is a change in college classification (i.e. undergraduate to graduate).

Reinstatement of Aid

  • If you fail to meet any one of the three components of the SAP policy, federal financial aid will be denied until you have complied with the terms of the SAP policy and have submitted the appropriate documentation. You are not able to clear a SAP hold by using one summer session for a future summer session. If you are enrolled in a certain number of hours at UofL to clear a SAP hold, your semester bill must be paid in full before a SAP Clearance form will be approved.

Clearance Process

  • A student may submit a clearance form after completing any one of the following:
  • Raised his/her GPA to a 2.00, if an undergraduate with 60 or more earned hours, at his/her own expense.
  • Completed the deficit number of hours at his/her own expense. If classes were taken at another institution a transcript or grade report may be required.
  • Changed college classification for FAYE purposes (i.e. undergraduate to graduate).
  • Clearance forms can be found online at https://vhost.louisville.edu/student/services/fin-aid/devfinaid/sap/index.php or at the Student Financial Aid Office.

Appeal Process

  • Anyone who is denied financial aid has the right to appeal. A SAP Appeals Committee reviews each appeal individually. To initiate an appeal, you must take the following steps:
    • Submission of a financial aid appeal form
    • Submission of a typed letter containing the reason(s) for the appeal
    • Submission of supporting documentation such as doctors' statements, letters from academic advisors, etc. Documentation is required for all appeals.
  • The committee reviews appeals within 10-14 business days. Appeals may be approved, denied, or deferred for additional documentation. Once a decision is made, students will be notified by mail. Additionally, students may check their ULink To-Do-List for the committee’s decision.
  • The committee reserves the right to approve appeals for one semester at a time or to add special requirements such as tutoring. The decision of the committee is final.

Important Dates

  • Summer 2009 SAP Appeal Deadline: June 10, 2009
  • Fall 2009 SAP Appeal Deadline: September 30, 2009
  • Spring 2010 SAP Appeal Deadline: March 31, 2010

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(13) Return of Title IV Financial Aid

The Higher Education Amendments of 1998 changed the formula for calculating the amount of aid a student and school can retain when the student totally withdraws from all classes. If a student withdraws from the University of Louisville, the school, the student, or both may be required to return some or all of the federal funds awarded to the student for that semester.  A student who withdraws from all classes prior to completing 60% of the enrollment term is subject to having his/her eligibility adjusted based on the percentage of the term completed. (For example, a student who withdraws from all classes after completing only 20% of term only earns 20% of aid disbursed or received on his/her account. As a result, the school or student must return the 80% of the disbursed/received aid that was not earned.)

This policy applies to all Title IV federal aid recipients with disbursed aid from any of the following Federal programs: Federal Stafford Loans (subsidized and unsubsidized), Federal Perkins Loan, Federal PLUS Loans (Graduate and Parent), Federal Pell Grant, Federal Academic Competitiveness Grant (ACG), Federal National SMART Grant (SMART), and Federal Supplemental Education Opportunity Grant (SEOG), and TEACH Grant.

The formula used in the federal Return to Title IV (R2T4) calculation divides the aid disbursed to student accounts into “earned aid” and “unearned aid.” During the first 60% of the period of enrollment (semester), students "earn" Title IV funds in direct proportion to the length of time the student remains enrolled.  If a student remains enrolled beyond the 60% point, then aid is considered earned for the period. "Unearned" aid is the amount of disbursed Title IV aid that exceeds the amount of aid earned under the formula. Students contemplating withdrawal from all classes PRIOR to completing 60% of the term should please contact the Student Financial Aid Office to discuss how this will affect their financial aid.

It is in the student’s best interest to talk with the Student Financial Aid Office regarding their options of withdrawing from classes than keep them and earn all ‘F’ grades.  The Student Financial Aid Office is required to review all ‘F’ grade students’ accounts after each term is completed to determine if the student was an ‘Unofficial Withdrawal’.  Please refer to the section regarding the All F Grade Recipients (Section #14) and learn what affects earning all ‘F’ grades has on a student’s financial aid account.

The percentage of the period a student remains enrolled is derived by dividing the number of days attended by the number of calendar days in a term/semester (excluding breaks of 5 consecutive days or more). This is referred to as the percentage completed (% completed).

EARNED aid is calculated as follows: Total aid disbursable multiplied by % completed

If EARNED aid equals disbursed aid, no action is required.

If EARNED aid exceeds disbursed aid and the student still has aid that has not disbursed, the university must calculate a post-withdrawal disbursement. The student is notified by letter, email, or phone regarding the aid to be disbursed to the student account and to verify whether or not the student wants funds disbursed for the term. The student will be given 14 days from the offer to respond to the inquiry. The Student Financial Aid Office has up to 180 days to disburse funds after the withdrawal date has been determined.

  • If EARNED aid is less than disbursed aid, the university must calculate the difference to be returned by the University and by the student. The calculation is as follows:

[A]UNEARNED aid: Total aid disbursable minus EARNED aid

[B]Percentage of UNEARNED aid (% UNEARNED): 100 minus % completed

The university's share of the "unearned" aid is the lesser of the total amount of "UNEARNED aid" [A] or the school charges multiplied by the "Percentage of UNEARNED aid" [B]. This amount must be returned by the university.

The student’s share is the difference between the total unearned amount and the university's share. UNEARNED aid minus university's share equals student’s share. This amount must be returned by the student.

The Student Financial Aid Office must complete the R2T4 withdrawal calculation within 45 days from the date the University determines the student withdrew.

If the Financial Aid Office determines a student owes a return of financial aid funds, the student will be sent a new statement of account by the Bursar's Office or the student can view their account on ULink. This is the student’s financial obligation to the University. The Return of Title IV funds calculation is separate from the University's Tuition/Fee Reduction schedule. Please refer to the Registrar’s Office published refund/withdrawal calendar (aka: tuition/fee reduction period). http://louisville.edu/student/services/registrar/semestercalendars.html

U of L Refund Policy (not the same as the Federal Return R2T4 policy)

  • The school may bill the student for any unpaid institutional charges.
  • The Financial Aid Office will evaluate tuition/fee reductions to non-title IV aid programs on a case-by-case basis.
  • Aid will be returned to aid programs in the following priority: Federal Unsubsidized Stafford Loan, Federal Subsidized Stafford Loan, Federal Perkins Loan, Federal Graduate PLUS Loan, Federal Parent PLUS Loan, Federal Pell Grant, The Academic Competitiveness Grant, The National SMART Grant, Federal SEOG program, TEACH Grant, other Title IV or Title VII aid, other Federal, State, private, or institutional student financial aid. If there is any remaining balance, funds will be returned to the student.
  • The net amount (as opposed to the gross amount of the loan borrowed) of Federal Stafford (subsidized and unsubsidized) and Federal PLUS Loans (graduate and parent) will be used in the return calculation.
  • Please remember that all financial aid recipients will be held accountable under the University's Satisfactory Academic Progress (SAP) policy.
  • The Student Financial Aid Office is required by federal regulation to evaluate students receiving all Failing, Incomplete, or Unsatisfactory grades for the semester. These are generally students who neglected to officially withdraw from classes through the Registrar’s Office.

Examples of Return policy:

  • Latika received a Federal Subsidized Loan for $2250 and Federal Pell Grant for $2675, then dropped class enrollment from 12 to 6 credit hours during the 100% tuition/fee reduction period. The student’s Federal Subsidized Loan will remain the same, since the student only needs 6 credit hours or more to receive the loan funds, but the Federal Pell Grant award will be reduced from $2675 to $1338. This will probably result in the student having to return a portion of residual funds (credit balance) received. The Return of Title IV calculation is not needed since the student did not withdraw from all classes.
  • Kristen dropped class enrollment from 6 to 3 hours during the 25% tuition/fee reduction period and only has Federal Unsubsidized Stafford Loan. The Return of Title IV aid calculation is not required since the student is still enrolled. The student would receive the tuition/fee reduction. The student needs to be aware he would be evaluated at the end of the academic year based on the current SAP policy.
  • Nelson dropped classes from 6 to 3 hours during the 100% tuition/fee reduction period. The student receives Pell Grant for $1338 which must be reduced to $669. The Return to Title IV calculation is not needed since the student is still enrolled. The student enrolls in another 3 credit hours, but after the 100% tuition/fee reduction period is over. The Student Financial Office will not adjust the Pell Grant back to the 6 credit hour rate because the class was added after the scheduled 100% tuition/fee period. The Student Financial Aid Office uses the 100% tuition/fee reduction schedule to determine the census date and to determine when federal awards should or should not be adjusted. This date is generally the last day student can receive 100% tuition credit for dropping/adding courses for the designated semester. In this case, even though the student is now enrolled in 6 credit hours, she is only receiving the Pell Grant for the 3 credit hours based on her enrollment as of census date.
  • Carter withdrew from all classes (12 hours, resident/undergraduate) during the 25% tuition/fee reduction period. The term is 107 days in length, after excluding the spring break and holiday schedule. The date of withdrawal was on the 22nd day of the term. The student received Federal Subsidized Stafford ($2750), Federal Perkins loan ($1000), Federal Pell Grant ($2675), Federal SEOG ($200), KY CAP grant ($950) and Need Based Grant ($600) for the term. The Return of Title IV calculation is completed as follows:

a)Percentage completed

0.202 { 20.20%} (22/109)

b1)Total Loans disbursable aid

$3750 ( Stafford + Perkins)*

b2)Total Grant disbursable aid

$2875 (Pell Grant + SEOG)*

b3) Total aid disbursable for term

$6625 (b1 + b2)

c)Earned aid

$1338.25 ( b3 x a)

d)Total Unearned aid

$5286.75 ( b3 – c)

e)School charges x % unearned

$3176.04 ($3980 x 0.897 {79.80%})

f)University's TIV return share

$3176.04 (lesser of d or e)

g)Student's TIV return share

$2110.71 ($5286.75 – 3176.04) {d-e}

h)Repayment of Student’s loans

$0.00 ( b1 – f {loan portion of $2750 only})

i) Initial Amt of Grant funds to Rtn

$2110.71 (g – h)

j)Amt of Grant Protected

$1337.50 (b2 x 50%)

k)Amt Grants student returns

$773.21 (i – j)

 

Allocation of Title IV aid to be returned is as follows:

Aid to be returned by U of L= $3176.04

Aid to be returned by student= $2110.71

Source

Amount

Source

Amount

Unsubsidized Loan

$ 0.00

Unsubsidized Loan

$ 0.00

Subsidized Loan

$ 2750.00

Subsidized Loan

$ 0.00

Perkins Loan

$ 426.04

Perkins Loan

$ 0.00

Parent PLUS Loan

$ 0.00

Parent PLUS Loan

$ 0.00

GRAD/Professional PLUS

$ 0.00

GRAD/Professional PLUS

$ 0.00

Pell Grant

$ 0.00

Pell Grant

$ 773.21

SEOG Grant

$ 0.00

SEOG Grant

$ 0.00

ACG Grant

$ 0.00

ACG Grant

$ 0.00

SMART Grant

$ 0.00

SMART Grant

$ 0.00

TEACH Grant

$ 0.00

TEACH Grant

$ 0.00

  • The amount of grants the student must return: (k - $773.21), is returned by the University on behalf of the student, leaving the student owing a balance to the University of Louisville.
  • CAP and Need-Based Grants are excluded from the Return to Title IV calculation since they are non-federally funded programs.
  • All grant adjustments/returns are rounded to the nearest dollar.

The student will be sent a letter outlining the funds returned by school, amount he owes, and the amount returned on his behalf. The letter will contain the detailed information about the funds returned and the date of the transaction.

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(14) All “F” Grade Recipients

A student receiving all ‘F’ grades is required to comply with the federal Title IV Refund Policy (R2T4) as well as the University of Louisville Satisfactory Academic Progress Policy. When federal financial aid either partially or fully pays educational expenses and the student receives all ‘F’ grades, the Financial Aid Office is required by federal regulations to comply with the Title IV Refund Policy.  In spring 2008, the University of Louisville implemented a new way for instructors to report ‘F’ grades, requiring instructors to enter an EF, UF, or NP – all of which are internally considered ‘F’ grades.  The chart below describes each grades type and explains the effect each grade will have on students’ financial aid and account.

Internal Code

When to assign the new internal code

Effect on student’s federal financial aid

EF
(earned F)

If the student completed the course and earned an F grade.

No change in student’s aid

     

UF
(unearned F)

If the student participated in the class at some point, but then walked away and never completed the course (unofficial withdrawal). The last date of the student’s participation in any academically related activity for the course must be recorded in PeopleSoft.

If all of the student’s grades for the term are UF, up to 50% of the student’s federal financial aid will have to be refunded to the federal funds based on the student’s last date of participation in the class.

     

NP
(never participated)

If the student never showed up for class or participated in class in any way.

The student’s federal financial aid will have to be adjusted for each NP grade assigned and 100% refund will be due to the federal funds for each NP class.

If the student receives:
EF ‘F’ grades, financial aid considers this student to have completed the course work for the term but just could not pass the class.  No adjustment will be needed towards any of the federal disbursed aid on account.  A comment of FA-REF will be placed on the student’s account.

UF ‘F’ grades - financial aid considers the student being an “Unofficial Withdrawal”.  There are two ways that the financial aid office handles this circumstance:

  • The instructor is to record a last date of participation showing the student’s participation in any academically related activity for the course.  The last day of participation is the date used to calculate the Title IV Refund Policy.  The latest date of participation for all UF classes is the date used to perform the calculation.
  • If no last date of participation is recorded, financial aid uses the midpoint of the term to determine the Title IV Refund Policy.  This calculation can result in up to 50% of the aid disbursed canceled and returned towards Federal aid programs. 

With either Title IV Refund Policy calculation, the aid cancellation will be sent back to the federal programs in this order: Federal Stafford Loans (subsidized and unsubsidized), Federal Perkins Loan, Federal PLUS Loans (Graduate and Parent), and Federal Pell Grant, Federal Academic Competitiveness Grant (ACG), Federal National SMART Grant (SMART), and Federal Supplemental Education Opportunity Grant (SEOG) and TEACH Grant.
NP ‘never participated’ grades – financial aid considers this student enrolled in a class but never began attendance and failed to officially withdrawal.  The following steps are taken for second confirmation with the instructor for this grade reported:

  1. Email is sent to instructor for them to double check their grade books to inform financial aid if the grade posted is correct or incorrect.
  2. If instructor indicates the grade is correct (never participated or began attendance), then up to 100% of aid can be adjusted on student’s account in accordance with the federal guidelines.  
  3. If instructor indicated the grade is incorrect (the student did participate in some type of academic activity), then the instructor should change that grade with Registrar.  A FA-NPG comment is placed on student’s account outlining the updated information from instructor.

Student Financial Aid Office only reviews students that have all ‘F’ grades or a combination of passing grades and the NP ‘F’ grade.  SFAO also reviews students receiving a grade of Incomplete and/or Unsatisfactory. For the Incomplete class, this is to verify the student is still in progress of finishing up work for a passing grade. For the Unsatisfactory, this is to verify that the student did maintain enrollment in class the entire term or at least past the mid-point of the term.

Why does SFAO monitor students receiving all ‘F’ grades?

The Student Financial Aid Office is obligated by federal regulation to review aid recipients receiving all ‘F’ grades. Failure to do so would result in monetary fines to the University of Louisville and jeopardize our continued participation in federally funded aid programs. The assumption behind the law is that a student receiving all ‘F’ grades probably did not complete the semester, but rather walked away from school without officially withdrawing.

The Student Financial Aid Office must identify students with ‘F’ grades within 30 days from the date final grades are posted.

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(15) Students With Loans

Exit Interview

Once you have graduated or have stopped attending for two consecutive fall and spring semesters, the Student Financial Aid Office will send you information on how to complete an Exit Interview. This is a requirement for student borrowers and updates contact information with your lender. Note that you are responsible for repayment whether or not you complete the Exit Interview.

Sample loan repayment schedule based on 6.8 %.

Payment #

Payment
Amount

Principal

Interest

Cumulative
Principal

Cumulative
Interest

Remaining
Amount Owed

-

-

-

-

-

-

$5500

1

$63.29

$32.12

$31.17

$32.12

$31.17

$5467.88

2

$63.29

$32.31

$30.98

$64.43

$62.15

$5435.57

3

$63.29

$32.49

$30.8

$96.92

$92.95

$5403.08

4

$63.29

$32.67

$30.62

$129.59

$123.57

$5370.41

5

$63.29

$32.86

$30.43

$162.45

$154

$5337.55

6

$63.29

$33.04

$30.25

$195.49

$184.25

$5304.51

7

$63.29

$33.23

$30.06

$228.72

$214.31

$5271.28

8

$63.29

$33.42

$29.87

$262.14

$244.18

$5237.86

9

$63.29

$33.61

$29.68

$295.75

$273.86

$5204.25

10

$63.29

$33.8

$29.49

$329.55

$303.35

$5170.45

11

$63.29

$33.99

$29.3

$363.54

$332.65

$5136.46

12

$63.29

$34.18

$29.11

$397.72

$361.76

$5102.28

13

$63.29

$34.38

$28.91

$432.1

$390.67

$5067.9

14

$63.29

$34.57

$28.72

$466.67

$419.39

$5033.33

15

$63.29

$34.77

$28.52

$501.44

$447.91

$4998.56

16

$63.29

$34.96

$28.33

$536.4

$476.24

$4963.6

17

$63.29

$35.16

$28.13

$571.56

$504.37

$4928.44

18

$63.29

$35.36

$27.93

$606.92

$532.3

$4893.08

19

$63.29

$35.56

$27.73

$642.48

$560.03

$4857.52

20

$63.29

$35.76

$27.53

$678.24

$587.56

$4821.76

Payment #

Payment
Amount

Principal

Interest

Cumulative
Principal

Cumulative
Interest

Remaining
Amount Owed

21

$63.29

$35.97

$27.32

$714.21

$614.88

$4785.79

22

$63.29

$36.17

$27.12

$750.38

$642

$4749.62

23

$63.29

$36.38

$26.91

$786.76

$668.91

$4713.24

24

$63.29

$36.58

$26.71

$823.34

$695.62

$4676.66

25

$63.29

$36.79

$26.5

$860.13

$722.12

$4639.87

26

$63.29

$37

$26.29

$897.13

$748.41

$4602.87

27

$63.29

$37.21

$26.08

$934.34

$774.49

$4565.66

28

$63.29

$37.42

$25.87

$971.76

$800.36

$4528.24

29

$63.29

$37.63

$25.66

$1009.39

$826.02

$4490.61

30

$63.29

$37.84

$25.45

$1047.23

$851.47

$4452.77

31

$63.29

$38.06

$25.23

$1085.29

$876.7

$4414.71

32

$63.29

$38.27

$25.02

$1123.56

$901.72

$4376.44

33

$63.29

$38.49

$24.8

$1162.05

$926.52

$4337.95

34

$63.29

$38.71

$24.58

$1200.76

$951.1

$4299.24

35

$63.29

$38.93

$24.36

$1239.69

$975.46

$4260.31

36

$63.29

$39.15

$24.14

$1278.84

$999.6

$4221.16

37

$63.29

$39.37

$23.92

$1318.21

$1023.52

$4181.79

38

$63.29

$39.59

$23.7

$1357.8

$1047.22

$4142.2

39

$63.29

$39.82

$23.47

$1397.62

$1070.69

$4102.38

40

$63.29

$40.04

$23.25

$1437.66

$1093.94

$4062.34

Payment #

Payment
Amount

Principal

Interest

Cumulative
Principal

Cumulative
Interest

Remaining
Amount Owed

41

$63.29

$40.27

$23.02

$1477.93

$1116.96

$4022.07

42

$63.29

$40.5

$22.79

$1518.43

$1139.75

$3981.57

43

$63.29

$40.73

$22.56

$1559.16

$1162.31

$3940.84

44

$63.29

$40.96

$22.33

$1600.12

$1184.64

$3899.88

45

$63.29

$41.19

$22.1

$1641.31

$1206.74

$3858.69

46

$63.29

$41.42

$21.87

$1682.73

$1228.61

$3817.27

47

$63.29

$41.66

$21.63

$1724.39

$1250.24

$3775.61

48

$63.29

$41.89

$21.4

$1766.28

$1271.64

$3733.72

49

$63.29

$42.13

$21.16

$1808.41

$1292.8

$3691.59

50

$63.29

$42.37

$20.92

$1850.78

$1313.72

$3649.22

51

$63.29

$42.61

$20.68

$1893.39

$1334.4

$3606.61

52

$63.29

$42.85

$20.44

$1936.24

$1354.84

$3563.76

53

$63.29

$43.1

$20.19

$1979.34

$1375.03

$3520.66

54

$63.29

$43.34

$19.95

$2022.68

$1394.98

$3477.32

55

$63.29

$43.59

$19.7

$2066.27

$1414.68

$3433.73

56

$63.29

$43.83

$19.46

$2110.1

$1434.14

$3389.9

57

$63.29

$44.08

$19.21

$2154.18

$1453.35

$3345.82

58

$63.29

$44.33

$18.96

$2198.51

$1472.31

$3301.49

59

$63.29

$44.58

$18.71

$2243.09

$1491.02

$3256.91

60

$63.29

$44.83

$18.46

$2287.92

$1509.48

$3212.08

Payment #

Payment
Amount

Principal

Interest

Cumulative
Principal

Cumulative
Interest

Remaining
Amount Owed

61

$63.29

$45.09

$18.2

$2333.01

$1527.68

$3166.99

62

$63.29

$45.34

$17.95

$2378.35

$1545.63

$3121.65

63

$63.29

$45.6

$17.69

$2423.95

$1563.32

$3076.05

64

$63.29

$45.86

$17.43

$2469.81

$1580.75

$3030.19

65

$63.29

$46.12

$17.17

$2515.93

$1597.92

$2984.07

66

$63.29

$46.38

$16.91

$2562.31

$1614.83

$2937.69

67

$63.29

$46.64

$16.65

$2608.95

$1631.48

$2891.05

68

$63.29

$46.91

$16.38

$2655.86

$1647.86

$2844.14

69

$63.29

$47.17

$16.12

$2703.03

$1663.98

$2796.97

70

$63.29

$47.44

$15.85

$2750.47

$1679.83

$2749.53

71

$63.29

$47.71

$15.58

$2798.18

$1695.41

$2701.82

72

$63.29

$47.98

$15.31

$2846.16

$1710.72

$2653.84

73

$63.29

$48.25

$15.04

$2894.41

$1725.76

$2605.59

74

$63.29

$48.52

$14.77

$2942.93

$1740.53

$2557.07

75

$63.29

$48.8

$14.49

$2991.73

$1755.02

$2508.27

76

$63.29

$49.08

$14.21

$3040.81

$1769.23

$2459.19

77

$63.29

$49.35

$13.94

$3090.16

$1783.17

$2409.84

78

$63.29

$49.63

$13.66

$3139.79

$1796.83

$2360.21

79

$63.29

$49.92

$13.37

$3189.71

$1810.2

$2310.29

80

$63.29

$50.2

$13.09

$3239.91

$1823.29

$2260.09

Payment #

Payment
Amount

Principal

Interest

Cumulative
Principal

Cumulative
Interest

Remaining
Amount Owed

81

$63.29

$50.48

$12.81

$3290.39

$1836.1

$2209.61

82

$63.29

$50.77

$12.52

$3341.16

$1848.62

$2158.84

83

$63.29

$51.06

$12.23

$3392.22

$1860.85

$2107.78

84

$63.29

$51.35

$11.94

$3443.57

$1872.79

$2056.43

85

$63.29

$51.64

$11.65

$3495.21

$1884.44

$2004.79

86

$63.29

$51.93

$11.36

$3547.14

$1895.8

$1952.86

87

$63.29

$52.22

$11.07

$3599.36

$1906.87

$1900.64

88

$63.29

$52.52

$10.77

$3651.88

$1917.64

$1848.12

89

$63.29

$52.82

$10.47

$3704.7

$1928.11

$1795.3

90

$63.29

$53.12

$10.17

$3757.82

$1938.28

$1742.18

91

$63.29

$53.42

$9.87

$3811.24

$1948.15

$1688.76

92

$63.29

$53.72

$9.57

$3864.96

$1957.72

$1635.04

93

$63.29

$54.02

$9.27

$3918.98

$1966.99

$1581.02

94

$63.29

$54.33

$8.96

$3973.31

$1975.95

$1526.69

95

$63.29

$54.64

$8.65

$4027.95

$1984.6

$1472.05

96

$63.29

$54.95

$8.34

$4082.9

$1992.94

$1417.1

97

$63.29

$55.26

$8.03

$4138.16

$2000.97

$1361.84

98

$63.29

$55.57

$7.72

$4193.73

$2008.69

$1306.27

99

$63.29

$55.89

$7.4

$4249.62

$2016.09

$1250.38

100

$63.29

$56.2

$7.09

$4305.82

$2023.18

$1194.18

Payment #

Payment
Amount

Principal

Interest

Cumulative
Principal

Cumulative
Interest

Remaining
Amount Owed

101

$63.29

$56.52

$6.77

$4362.34

$2029.95

$1137.66

102

$63.29

$56.84

$6.45

$4419.18

$2036.4

$1080.82

103

$63.29

$57.17

$6.12

$4476.35

$2042.52

$1023.65

104

$63.29

$57.49

$5.8

$4533.84

$2048.32

$966.16

105

$63.29

$57.82

$5.47

$4591.66

$2053.79

$908.34

106

$63.29

$58.14

$5.15

$4649.8

$2058.94

$850.2

107

$63.29

$58.47

$4.82

$4708.27

$2063.76

$791.73

108

$63.29

$58.8

$4.49

$4767.07

$2068.25

$732.93

109

$63.29

$59.14

$4.15

$4826.21

$2072.4

$673.79

110

$63.29

$59.47

$3.82

$4885.68

$2076.22

$614.32

111

$63.29

$59.81

$3.48

$4945.49

$2079.7

$554.51

112

$63.29

$60.15

$3.14

$5005.64

$2082.84

$494.36

113

$63.29

$60.49

$2.8

$5066.13

$2085.64

$433.87

114

$63.29

$60.83

$2.46

$5126.96

$2088.1

$373.04

115

$63.29

$61.18

$2.11

$5188.14

$2090.21

$311.86

116

$63.29

$61.52

$1.77

$5249.66

$2091.98

$250.34

117

$63.29

$61.87

$1.42

$5311.53

$2093.4

$188.47

118

$63.29

$62.22

$1.07

$5373.75

$2094.47

$126.25

119

$63.29

$62.57

$0.72

$5436.32

$2095.19

$63.68

120

$64.04

$63.68

$0.36

$5500

$2095.55

$0

Deferment Forms

Loan Deferment forms for your student loans may be obtained from your FFEL lender or from the Direct Loan Program.  There are deferment forms available on the Direct Loan website (www.dl.ed.gov) under “Forms”. These include, but are not limited to, the following:

  1. In-School Deferment Request
  2. Economic Hardship Deferment Request
  3. Temporary Total Disability Deferment Request
  4. Unemployment Deferment Request
  5. Public Health Service Deferment Request
  6. Parental Leave/Working Mother Deferment Request
  7. PLUS Borrower with Dependent Student Deferment Request

Further information is available on your Master Promissory Note.

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(16) Additional Consumer Information

Family Education Rights and Privacy Act
Access the university’s student records privacy policy online at http://library.louisville.edu/uarc/stupriv.htm.

Campus Security Policy and Crime Statistics

You may view University crime statistics report online at: http://louisville.edu/admin/dps/police/crime_report.htm

Fire Safety Report

An institution fire safety report can be found online at: http://louisville.edu/firesafety

Drug Free Institution Policy

The University of Louisville is a drug free institution. View our policy online at http://louisville.edu/hr/policies/drugfree.html.

Institutional Policy Regarding Vaccinations

The University’s policy regarding all vaccinations can be found online at: http://louisville.edu/campushealth/services/hsc-immunization-program

Institutional Policy Regarding Copyright Infringement

The University’s policy regarding Copyright Violations and Peer-to-Peer File Sharing can be accessed at http://louisville.edu/it/information/policies/copyright-violations.html & http://security.louisville.edu/PolStds/ISO/PS007.htm.

Athletic Program Participation Rates and Financial Support Data

For athletic program participation rates and financial support data, contact John Carns at 852-7728.

UofL Accreditation

For information on UofL's accreditation visit About UofL webpage.

Academic Program Improvement Plans
For information about UofL's Academic Improvement Plans, please visit http://louisville.edu/ideastoaction/what/sacs-qep.

Retention, Completion and Graduation Rates

Visit Institutional Research's Common Data Set for information on UofL retention, completion and graduation rates: https://louisville.edu/institutionalresearch/key-institutional-data.

Voter Registration

The Student Affairs Office will ensure voter registration forms are made available to students as required by federal regulation. 

Information for Veterans and their families
For information regarding higher education at the University of Louisville for veterans, please visit the Office of Military and Veteran Student Services webpage.

Transfer Student Services
For information about how transfer coursework will be applied at UofL, please visit https://louisville.edu/admissions/apply/transfer.

Constitution Day
The UofL McConnell Center will organize our Constitution Day program to be held each year on September 17th.

Contact Information for the FSA Student Loan Ombudsman’s Office

Email: fsaombudsmanoffice@ed.gov
Web Address: http://www.ombudsman.ed.gov
Telephone: 877-557-2575 (Toll Free)
202-377-3800
Fax: 202-275-0549

Mail: U.S. Department of Education • FSA Ombudsman • 830 First Street, N.E. • Washington, D.C. 20202-514

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Document Actions

FAFSA Code: 001999

Financial Aid News

April 2014 Newsletter (PDF version)

April 2014 Newsletter (text only version)

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Contact Us

Email

Call: (502) 852-5511

Office Hours and Directions

Fax: (502) 852-0182

Student Financial Aid Office
University of Louisville
Louisville, KY 40292

FAFSA School Code: 001999

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Guide for scholarship organizations

Guide for lenders/servicers

Staff Directory

The Student Financial Aid Office is a unit of the Office of Enrollment Management.

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