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Fall 2011, Spring 2012, Summer 2012

by Adamchik,William Joseph last modified Mar 24, 2014 03:55 PM

2011-2012 Consumer Information

Section 1: Student Responsibilities
Section 2: ULink
Section 3: 2011-2012 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
Section 13: Return of Title IV Financial Aid
Section 14: All 'F' Grade Recipients
Section 15: Students with Loans
Section 16: Statement of Non-Discrimination
Section 17: Additional Consumer Information

 

(1) Student Responsibilities

This publication regards all students attending the University of Louisville for fall 2011, spring 2012, and/or summer 2012.
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, 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 and on a regular basis
  • Monitoring your financial aid and bill on your ULink account

Please notify 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 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 UofL 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.  Visit http://louisville.edu/admissions/activate to get started.  Tutorials for your first login, accessing your To Do List, and accepting/declining your awards are also 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) 2011-2012 Costs

This section contains information on standard direct costs for the 2011-2012 academic year (fall 2011 and spring 2012). After July 1, you can view your ULink account for your actual charges. Please note online courses are a different tuition rate. Post-baccalaureate students and 5th year Speed School students are charged tuition at the undergraduate rate. The table below contains information on direct costs.

Awards are contingent upon continued funding from federal, state, and institutional sources and state legislative decisions regarding tuition.  Awards are subject to change and may be rescinded or reduced if funding is insufficient or discontinued.  University of Louisville tuition, fees, and room and board are subject to change by the Board of Trustees and the Kentucky Council on Postsecondary Education.

Undergraduate 2011-2012 Direct Costs per Academic Year (Fall/Spring)

 

Category of student

Full Time Tuition (1)

Average costs for books and supplies (2)

Minimum cost for room on-campus (3)

Minimum cost for Meal plan if in university Residence Hall

Undergraduate KY resident

$8,930

$1,000

$4,520

$2,920

Undergraduate nonresident

$21,650

$1,000

$4,520

$2,920

 

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.  Students are expected to purchase books and supplies on their own.  If you receive any excess funds from your financial aid disbursement, you are expected to reimburse yourself for any books and supply expenses. 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 Financial Aid Offices to establish a cost of attendance (COA) when 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, fees, room and board, books, and personal expenses, which is a combination of your direct and indirect costs. If you have unusual circumstances 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 in your 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

$21,938

$33,254

Graduate

$27,952

$38,106

Law

$35,428

$50,840

 

Dental students should review tuition and cost information at the following website:
https://louisville.edu/dental/students/dmd/tuition

Medical students should review tuition and cost information at the following website:
http://medicalstudentaffairs.louisville.edu/financial-aid/cost-of-attendance.html

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, 3rd party payments, housing waivers and benefits, awards and prizes, and other various programs 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.  Examples include 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 may 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, is adjusted before grant or scholarship aid. 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, average room and board, and average book costs. For the 2011-2012 academic year, the projected stacking limit is $18,779 for residents and $31,499 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, housing waivers and 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.

Awards are contingent upon continued funding from federal, state, and institutional sources and state legislative decisions regarding tuition.  Awards are subject to change and may be rescinded or reduced if funding is insufficient or discontinued.  University of Louisville tuition, fees, and room and board charges are subject to change by the Board of Trustees and the Kentucky Council on Postsecondary Education.

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.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 you file the FAFSA online, because it will take less processing time. Students should file the FAFSA as soon as possible after the application becomes available on January 1. 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 on the FAFSA and have an EFC under a specified amount
  • 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

 

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.gov. Submit your FAFSA as soon as possible following January 1 for priority consideration for the upcoming fall semester. Applications received after February 15 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, and Perkins Loan.  These awards are contingent upon continued funds from federal, state, and institutional sources.

Summer Financial Aid
At the University of Louisville, summer is considered a trailer of the preceding academic year.  For summer 2012, you must have a complete 2011-2012 FAFSA and all requested documentation to apply.  After you have finalized your enrollment, you must complete a summer aid application, which is available on ULink.  Students are only eligible for Stafford Loans if they did not receive their full annual eligibility during the academic year. 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 (http://louisville.edu/financialaid/our-services/forms.html).

We will not recalculate Pell Grant eligibility for change in enrollment 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 as of the last regular summer session census date. 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
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
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 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 you are not in default on a federal student loan and do not owe money on a federal student grant
  • certify you will use federal student aid only for educational purposes
  • cannot currently be in a correctional institution


Federal Pell Grant
This grant is available to eligible students who are working on their first bachelor’s or associate’s degree. The amount is determined by your official expected family contribution (EFC) calculated from your FAFSA information. Currently for the 2011-2012 award year, the EFC range is 0 to 5273 and the award amount varies from $555 to $5550.

Students who receive their first Pell Grant on or after July 1, 2008 may be awarded Pell Grants for as many as 18 semesters.

Prior to the end of the 100% tuition credit period for the fall and spring terms, 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 2011-2012 Pell Grant Chart.  If you do not plan on attending full-time and after you have finalized your enrollment, you may submit a Part-Time Aid Adjustment Form available online. After the published 100% tuition credit period expires, all awarded Pell Grants will be reviewed and any necessary adjustments will be made based on your enrollment, and no other Pell Grant adjustments will be made for enrollment changes for the respective term.

The maximum grant is given to any Pell Grant-eligible student whose parent or guardian was a member of the U.S. Armed Forces and died as a result of service performed in Iraq or Afghanistan after Sept. 11, 2001.

A new grant is available for students who are not Pell Grant-eligible whose parent or guardian was a member of the U.S. Armed Forces and died as a result of service performed in Iraq or Afghanistan after Sept. 11, 2001.  In addition, at the time of the parent’s or guardian’s death, the student was less than 24 years old or was enrolled at least part-time at an institution of higher education.  The award maximum is the same as the Pell maximum, and amounts are adjusted for less-than-full-time study.


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 initial 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 were early FAFSA filers. You must enroll at least half-time (6 hours per semester) to be eligible for this grant.


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*
  • Be admitted into the Teacher Certification program or eligible master’s 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)

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 be a degree-seeking student to be eligible for Federal Work-Study.

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 during 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 be considered for summer awarding, you must have your supervisor contact our office to request funding.  Summer FWS awards are subject to availability of funding.

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

  • Have completed a UofL summer on-line aid application
  • Be enrolled for a minimum of six credit hours
  • Be registered for all hours at the start of summer
  • Maintain a minimum of six hours throughout the summer semester
  • Be classified as a regular undergraduate student in a degree-seeking program
  • Meet Satisfactory Academic Progress (SAP) requirements
  • 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 Student Financial Aid Office 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 parents of dependent undergraduate students may borrow. To apply for this loan, you must have a complete 2011-2012 FAFSA and all requested documentation on file, and you must have accepted your full Stafford Loan eligibility or have been counseled regarding declining it. 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 the loan. However, if an endorser is not an option, you may qualify for additional Federal Unsubsidized Stafford Loan funds. For further information regarding the Parent PLUS credit decision, please call the Direct Loan Customer Service Center toll-free at 800-557-7394.

Parent PLUS funds are always applied/re-applied towards the student's charges. If the Parent PLUS proceeds exceed the student's charges, the university's Bursar's Office will mail a check to the parents' mailing address (as listed on the Federal Parent PLUS Request form).

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 the student attend at least half-time in a degree-seeking program. Typically the student begins repaying interest and principal 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. Receiving this award depends on when you apply, your level of financial need, and availability of funding.  At UofL, the standard 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.


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:

2011-2012 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.


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 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 the Bursar's Office.

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 > 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 http://louisville.edu/financialaid/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 http://louisville.edu/financialaid/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 http://louisville.edu/financialaid/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 2011-2012 academic year, this is projected to be $17,370. 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 potentially 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 2011 federal poverty guidelines as listed below:

 

Number of Persons in Family

150% of Poverty Level

Alaska

Hawaii

1

$16,335

$20,400

$18,810

2

$22,065

$27,570

$25,395

3

$27,795

$34,740

$31,980

4

$33,525

$41,910

$38,565

5

$39,255

$49,080

$45,150

6

$44,985

$56,250

$51,735

7

$50,715

$63,420

$58,320

8

$56,445

$70,590

$64,905

For each additional person add:

$5,730

$7,170

$6,585


The most important action a student can take at this time is to ensure they have completed the 2011-2012 FAFSA as soon as possible after it became available on January 1. 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 1, 2011.

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 2011-2012 leave of absence request form must be submitted. All requests will be reviewed and, 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 or technical coursework.
  • Have a 3.25 transferable GPA at the end of the spring semester. The transferable GPA cannot include developmental or technical 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.
  • Students most recent college attended must be KCTCS or Ivy Tech Community College, Sellersburg.
  • Complete an application for admission as a degree-seeking student to the University of Louisville by April 15, 2011.
  • Complete the KCTCS Academic Transfer Scholarship application on the Office of Admission's website by the April 15th deadline (http://louisville.edu/admissions/aid/transfer-scholarship).
  • Turn in final transcripts by April 15, 2011.

Please note: students may apply if they currently do not have a 3.25 transferable GPA or 40 transferable hours but anticipate they will at the end of the spring semester.

Awards are merit based and typically range from $500 to $3000 per year. Students enrolled part-time will receive a partial award.  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 http://louisville.edu/financialaid/our-services/report-other-aid-resources.

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 http://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 http://louisville.edu/financialaid/our-services/report-other-aid-resources.

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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 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.

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 2011-2012 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.

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, potentially 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. You will also be notified if and when a revision is made to your awards.

You are not packaged or awarded federal or state need-based aid until you are fully 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:

You will not be awarded federal or state need-based aid until you have a complete financial aid file, including an official 2011-2012 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.

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.

You must meet all federal, state, and institutional eligibility program requirements.

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.

All scholarships, grants, loans, tuition remission, awards, prizes, allowances, incentives, outside scholarships, housing benefits and waivers, and certain 3rd party payments 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.

All undergraduate students will be required to have their Federal Pell Grant eligibility established before being considered for campus-based aid or Direct Stafford Loan funds.

All 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.

You are not awarded federal or state need-based aid until you have been admitted to the university. Provisionally admitted students are not awarded federal or state need-based financial aid.

The academic year consists of the fall and spring semesters, and summer is treated as a trailer. Most state and scholarship aid is not available in the summer.

For summer and spring, you must register for classes to be considered for aid.

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.  For more information about approved certificate programs, please see Section 17: Additional Consumer Information.

Prior to fall and spring’s census date (date following the last day to drop/add at 100% tuition credit), awards are made on the assumption of full-time enrollment.  Once you have finalized your enrollment for a term if you are not enrolled full-time, you may complete a Part-Time Adjustment Form.  All aid will be reviewed and potentially adjusted based on your enrollment as of the term’s census date.  If you are awarded for fall and spring after the respective term’s census date has passed, your awards will be based on your current enrollment.  For summer, your awards are based on your enrollment at the point you are awarded.  Your awards will be reviewed and potentially adjusted based on your enrollment as of your summer census date.

After awarded, the Federal Pell Grant cannot be adjusted for classes added after a particular semester’s census date. The summer term has multiple census dates, and a student’s census data is dependent upon the student’s enrollment begin date.

Awarded financial aid from most federal and state aid programs is based on a student's enrollment as of each semester’s census date. 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.

You may only receive federal financial aid funds one time for retaking previously passed coursework. As an example, if you are retaking a previously passed course to meet an academic standard, such as to receive a minimum grade, you may receive federal financial aid funds only once for repeating a previously passed course.  In addition, if you are required to retake previously passed courses because you failed a course in a prior term, you cannot be paid for retaking the previously passed coursework. For example, if a student enrolls in four classes in the fall semester and passes three of them, an institution could require the student to retake the failed class and also require the student to retake the other three classes because of failing the one class. If the student retakes the four classes in the spring semester, the failed class would be included in the student’s enrollment status, but the three classes passed in the fall would not, for Title IV aid purposes. The state aid programs (KEES, CAP) will follow the same rules as the federal program.

The university does not enter into consortium or contractual agreements for our UofL 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). Exceptions may apply.

In most cases, federal regulations prohibit the receipt of federal and state student aid for concurrent enrollment at multiple institutions.

If you are enrolled at the university as a visiting student, you will not be awarded federal aid by the Student Financial Aid Office.

If you submit a degree application for graduation, your financial aid must be reviewed and potentially prorated. This may require a re-calculation of your eligibility based on the hours you are enrolled.

If you received aid from a third party source in a previous term, we will place an estimate on your account for the upcoming year.  If you will not be receiving this third party funding, please contact our office.

We establish our annual awarding philosophy, including award minimums, maximums, and EFC cutoffs according to federal, state, and institutional 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 and grants 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 so by submitting 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 and or Federal Work-Study award(s), action is required from you to accept, reduce, or decline your award. After May 1st, 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.

It is important to understand awards are contingent upon continued funding from federal, state, and institutional sources and state legislative decisions regarding tuition.  Awards are subject to change and may be rescinded or reduced if funding is insufficient or discontinued.  University of Louisville tuition, fees, and room and board charges are subject to change by the Board of Trustees and the Kentucky Council on Postsecondary Education. 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

Anticipate Aid
Most financial aid that has been awarded, but has not been disbursed to your customer account, 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 couple of days prior to the start of the fall and spring semesters. The maximum amount that will be advanced is $450, as long as you have enough anticipated aid to cover any outstanding charges on your student account plus the amount of the financial aid advancement and processing fee.  The Bursar’s Office makes the final determination of eligibility and/or availability of the advancement funds.  If the advance is approved, you will be charged a $5.00 processing fee in addition to the advanced funds allotted.  You are only allowed one advance per term.  You will not be able to receive an advance if you have drop/withdrawn from classes, or if you have been issued residual funds of $500 or more.  

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 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 at least half-time in order to receive a Direct Stafford Loan, a Direct Parent PLUS Loan, a Direct Graduate/Professional PLUS Loan, a Federal Perkins Loan, a Federal Work-Study Funds, a Federal Supplemental Education Opportunity Grant, KEES, and/or a CAP 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 will be considered 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 your anticipated aid is not enough to cover all of your charges, you need to pay the difference by the due date.  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 the census date each semester. The census date is the day following 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. There are no exceptions to the census date rule, especially for the Federal Pell Grant.

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 or by direct deposit into your bank account. 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. Alternative loans may or may not require endorsement before being applied to your account.  You will receive notification either way from the Student Financial Aid Office or the Bursar’s Office indicating either your check is available for your endorsement, the funds have been applied to your student account, or when a check is available for pick-up in the Bursar’s Office.

If you have accepted a federal loan, you will need to follow the procedures outlined online on the Loans Programs page.

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 to the university is considered excess funds (residual funds). UofL 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 UofL 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 to transfer 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, residency, housing), please be aware your financial aid will be re-evaluated and you will be responsible for repaying any funds that you were not eligible to receive.

Institutional funds received for the current semester cannot be refunded once the next semester's charges are assessed on a student's account.  Instead, the funds will be applied against the next semester's charges, and therefore, reduce the balance owed in the next term.

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(12) Satisfactory Academic Progress (SAP) Policy

Federal regulations regarding Satisfactory Academic Progress are currently under review and our SAP policy will be changing.  Please check back to be informed of any revisions.

All students who apply for any federal or state aid such as the Federal Pell 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 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’s 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 2011, fall 2011, spring 2012).

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 SAP 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 terms combined. If you also enroll for the summer term as an undergraduate, 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 terms combined. If you also enroll for the summer term as a graduate, then you are expected to complete a minimum of 3 hours for the term and a total of 12 hours 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 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 and state need-based 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 for a future summer session by using hours earned during a prior or current summer session during the same term. 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 http://louisville.edu/financialaid/satisfactory-academic-progress 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 detailing 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 14 business days. Appeals may be approved, denied, or deferred for additional documentation. Once a decision is made, students will be notified. 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 2011 SAP Appeal Deadline: * * *
  • Fall 2011 SAP Appeal Deadline: * * *
  • Spring 2012 SAP Appeal Deadline: * * *

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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 10% of term only earns 10% 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 Direct Stafford Loans (unsubsidized and subsidized), Federal Perkins Loan, Federal Direct PLUS Loans (Graduate and Parent), Federal Pell Grant, 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 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, especially if they received any federal financial aid assistance.)

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/registrar/academic-calendars.

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 Direct Unsubsidized Stafford Loan, Federal Direct Subsidized Stafford Loan, Federal Perkins Loan, Federal Direct Graduate PLUS Loan, Federal Direct Parent PLUS Loan, Federal Pell 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 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.  It is always in the student’s best interest to talk with the Student Financial Aid Office regarding their options to see if it is best for them to go ahead and withdraw from classes early in the semester and for them to know the implications they may face if they didn’t and earned all ‘F’ grades.  At the end of each semester, the Student Financial Aid Office is required to review all students’ grades, but especially those that receive an ‘F’ grade(s) 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 effects earning all ‘F’ grades has on a student’s financial aid account.

Examples of Return policy:

Carter dropped classes from 12 to 6 hours during the 100% tuition/fee reduction period. The student previously received a Pell Grant for $2,775, which must be reduced to $1,388. The Return to Title IV calculation is not needed since the student is still enrolled. The student enrolls in another 6 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 12 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 day following the last day a 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 12 credit hours, he is only receiving the Pell Grant for the 6 credit hours based on his enrollment as of census date.

Thomas dropped class enrollment from 8 to 2 hours during the 50% tuition/fee reduction period and only has a Federal Direct 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.

Leslie received a Federal Direct Subsidized Loan for $2,750 and Federal Pell Grant for $2,775, then dropped class enrollment from 12 to 9 credit hours during the 100% tuition/fee reduction period. The student’s Federal Direct 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 $2,775 to $2,082. 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.

Andrew withdrew from all classes (12 hours, resident/undergraduate) during the 50% tuition/fee reduction period. The term is 109 days in length, after excluding the Thanksgiving Holiday break of 5 days from the total days.  The date of withdrawal was on the 22nd day of the term. The student received a Federal Direct Subsidized Stafford ($2,238.75), a Federal Perkins loan ($1,000), a Federal Pell Grant ($2,775), a Federal SEOG ($200), a KY CAP grant ($950) and a 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

$3238.75 ( Stafford + Perkins)*

b2)Total Grant disbursable aid

$2975 (Pell Grant + SEOG)*

b3) Total aid disbursable for term

$6213.75 (b1 + b2)

c)Earned aid

$1255.18 ( b3 x a)

d)Total Unearned aid

$4958.57 ( b3 – c)

e)School charges x % unearned

$3169.66 ($3972 x 0.897 {79.80%})

f)University's TIV return share

$3169.66 (lesser of d or e)

g)Student's TIV return share

$1788.91 ($4958.57 – 3169.66) {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

$1788.91 (g – h)

j)Amt of Grant Protected

$1487.50 (b2 x 50%)

k)Amt Grants student returns

$301.41 ( (i – j)

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

 

Aid to be returned by U of L= $3169.66

Aid to be returned by student= $1788.91

Source

Amount

Source

Amount

Unsubsidized Loan

$ 0.00

Unsubsidized Loan

$ 0.00

Subsidized Loan

$ 2238.75

Subsidized Loan

$ 0.00

Perkins Loan

$ 930.91

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

$ 301.41

SEOG Grant

$ 0.00

SEOG Grant

$ 0.00

TEACH Grant

$ 0.00

TEACH Grant

$ 0.00

The amount of grants the student must return (k - $301.41), 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 not federal grants.

All Stafford and Grant adjustments/returns are rounded to the nearest dollar.

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

Return of Funds for Courses Offered in Modules

Summer classes are sometimes offered in modular sessions and the student has a choice of which session or sessions they prefer to attend. Federal guidelines indicate we have to follow the following process to determine if a student’s account should be considered a withdrawal or not for summer terms.

 R2T4 Flow Chart

Source: National Association of Student Financial Aid Administrators

Examples of Summer Sessions and Scenarios:

SU1 session = 5/7 – 5/25

SU2 session = 5/29-7/2

SU3 session = 7/3-8/7

Stacey is enrolled in SU1 & SU2 modular sessions and begins attendance in the SU1 session on 5/7 and then decided to withdraw from the SU1 after attending the class for seven days.  Stacy has withdrawn from SU1 class but is still enrolled in SU2 class which does not begin until 5/29.  When Stacy withdrew from the SU1 class she was no longer in attendance of any classes, however she does intend to start her SU2 class on 5/29.  Stacy will have to provide written confirmation to the Financial Aid Office that she plans to begin attendance in the latter summer modular session or she will be considered a withdrawal for the summer.   If Stacy fails to provide the written confirmation,  a R2T4 calculation will have to be performed on her account to determine amount of aid earned vs. aid unearned. 

Jack is enrolled in two classes in SU1 and one class in SU2 modular sessions and begins attendance in the SU1 session on 5/7.  Jack dropped one of the classes in SU1 after attending for ten days but still enrolled in the other SU1 class along with the SU2 class.  When Jack withdrew from the one class in SU1 session, he was still in attendance  in SU1 in the other class and because of that is not considered to have withdrawn from classes.  Jack’s account would not require a R2T4 calculation but his aid will have to be recalculated per applicable program regulations and school policies.

Back to top.

(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 (FAO) is required by federal regulations to comply with the Title IV Refund Policy. 

The chart below best describes the implemented grade types instructors are required to record, as of spring 2008, on a student’s grade reports.  ‘F’ grades are required to be documented EF, UF, or NP, which will always be considered internally as ‘F’ grades.

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 all required work, then the student is coded as to have earned an F grade.

No change in student’s financial aid if all of the grades are coded as EF or combination of EF and UF grades.

UF
(unearned F)

If the student began attendance and participated in the class up to some point, but then walked away and never completed the course, it is considered to be an ‘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 either on the last date of participation (recorded by instructor) or mid-point date of term (50% period of the term).

NP
(never participated)

If the student never began attendance, never showed up for any portion of the class, or never participated in any academically related activity for the period of enrollment.

The student’s federal financial aid will have to be adjusted based on 100% calculation for each NP grade assigned.  (for example: student receive NP grade in 3 hours out 12 hours, paid Pell Grant for 12 hours, the Pell Grant will be reduced down to the 9 hour amount.)

 

 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, as long as all the classes are coded as EF or combination of EF/UF grades.  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:

  1. 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.
  2. If no last date of participation is recorded, financial aid uses the midpoint of the term (50% period 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 Direct Stafford Loans (unsubsidized and subsidized), Federal Perkins Loan, Federal Direct PLUS Loans (Graduate and Parent), Federal Pell Grant, Federal Supplemental Education Opportunity Grant (SEOG) and TEACH Grant.

The following two comments are placed on a student’s account depending which scenario was used to determine the return of funds:

FA-RUF – comment used if the last date of participation was used to determine return of funds

FA-RAF – comment used if no last date of participation was given and the mid-point of the term date was used to determine return of funds

NP ‘never participated’ grades: Financial aid considers this student never began attendance, never showed up for any portion of the class, or never participated in any academically related activity for the period of enrollment but failed to officially withdrawal.  The following steps are taken for second confirmation with the instructor when this grade(s) is reported:

An 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, especially for those that have all of their grades recorded as NP.

If instructor indicates the grade(s) 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. 

If instructor indicated the grade(s) is incorrect (the student did participate in some type of academic activity), then the instructor should change the grade with the Registrar’s Office.

The comment FA-NPG is placed on the student’s account outlining adjustment of aid or updated information from the instructor.

FAO reviews all students’ (with financial aid disbursements) grades that have a combination of passing grades, EF, UF, and NP grades for each term.  FAO 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 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 FAO is obligated by federal regulation to review aid recipients receiving all ‘F’ grades. If not monitored, it could result in the University of Louisville paying monetary fines and jeopardizing their federal funded aid programs.  The assumption behind the law is a student receiving all ‘F’ grades walked away from the semester without properly withdrawing from the university.  FAO must identify students with ‘F’ grades within 30 days from the date final grades are posted.

Back to top.

(15) Students With Loans

Before taking out a loan, students should educate themselves so they understand as much about the borrowing process as possible.  A good place to start is with the Federal Trade Commission, which publishes information about being an informed consumer and borrower on their website.

Another tool for determining the amount one should borrow is a Loan Borrowing Wizard.  Keep in mind the amount you borrow in loan funds needs to be paid back with interest once you leave school, and the total amount you borrow should not exceed 8% of your expected gross income (according to Mapping Your Future, a national collaborative, public-service, nonprofit organization which provides career, college, financial aid, and financial literacy information and services for students, families, and schools.).

Repayment for most federal educational loans does not begin until 6 months after you graduate or cease to be enrolled at least half-time in a degree-seeking status for a period of 6 months. However, you can elect to begin repayment sooner if desired.  The Direct Loan Servicing Center will notify you of the date your first payment is due.

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. Please 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:

In-School Deferment Request
Economic Hardship Deferment Request
Temporary Total Disability Deferment Request
Unemployment Deferment Request
Public Health Service Deferment Request
Parental Leave/Working Mother Deferment Request
PLUS Borrower with Dependent Student Deferment Request
Further information is available on your Master Promissory Note.

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(16) Statement of Non-Discrimination

The University of Louisville is an equal opportunity institution in both education and employment. The university strives to foster an environment of inclusiveness that empowers us all to achieve our highest potential without fear of prejudice or bias.

We commit ourselves to building an exemplary educational community that offers a nurturing and challenging intellectual climate, a respect for the spectrum of human diversity, and a genuine understanding of the many differences - including race, ethnicity, gender, gender identity, sexual orientation, age, socio-economic status, disability, religion, national origin or military status – that enrich a vibrant metropolitan research university. We expect every member of our academic family to embrace the underlying values of this vision and to demonstrate a strong commitment to attracting, retaining and supporting students, faculty and staff who reflect the diversity of our larger society.

The university is committed to complying with all applicable laws and government regulations at the federal, state and local levels and any university policies which prohibit discrimination in education, including, but not limited to, Title VI and Title VII of the Civil Rights Act of 1964, Title IX of the Education Amendments of 1972, Section 504 of the Rehabilitation Act of 1973, and the Americans with Disabilities Act of 1990.

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(17) Additional Consumer Information

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

Campus Security Policy and Crime Statistics
You may view university crime statistics and campus security act report online at: http://louisville.edu/police/crimelog & http://louisville.edu/police/crimereports.

Fire Safety Report
The Fire Safety Report is included in the Campus Security Act Report found on the website listed above.
Institutional fire safety information can be found online at: http://louisville.edu/firesafety

Missing Persons Policy and Procedure
For information regarding the university's Missing Persons Policy and Procedure, please visit: http://louisville.edu/housing/policies/standards/missing-persons-policy.html

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: http://louisville.edu/institutionalresearch/accreditation/institutional-and-professional-accreditations.html

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
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 or visit the Transfer Services Office.

Gainful Employment Disclosures for Approved Certificate Programs
Accountancy Certificate
Data Mining Certificate
Equine Administration Certificate
Network and Information Security Certificate
Real Estate Development Certificate
Language Interpretation & Translation Certificate
Family Nurse Practitioner Certificate
Neonatal Nurse Practitioner Certificate
Adult Nurse Practitioner Certificate
Psychiatric Nurse Practitioner Certificate
Periodontics Dental Certificate
Pediatric Dental Certificate
Endodontics Dental Certificate
Orthodontics Dental Certificate

Written Arrangements Required Disclosures
The University of Louisville has several written agreements where a part of the UofL degree program is offered by another entity. The following links provide the required disclosure information about these programs.

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

Code of Conduct and Conflict of Interest Statement
University of Louisville Statement
UofL Student Financial Aid Office

Student Complaint Procedure
Students who have complaints, grievances, or concerns regarding courses taken at the University of Louisville may find more information about the Complaint Procedure here: http://louisville.edu/online/current-students/student-complaint-procedure.html

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. 20202-5144

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April 2014 Newsletter (PDF version)

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Call: (502) 852-5511

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Student Financial Aid Office
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Louisville, KY 40292

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