Investing in higher education is a major decision and we want to make sure you have all the resources and information you need to properly prepare for your future. At Abraham Lincoln University, we invest in you, too, because your success is our success. Our Financial Aid Office is available to assist you with the cost of attendance and help you create a comprehensive financial aid package that meets your budget needs and educational goals. We know the importance of funding your education, and the information below can help you get started. For help with the federal financial aid process, please contact Lisa Ingoldsby at (213) 252-5110 x 215 or firstname.lastname@example.org. We look forward to hearing from you and working out a tuition and financing plan that works for you as you continue your education.
Financial Aid is available to those who qualify. There are several requirements for you to receive federal financial aid. A few of the main ones include:
Step One: Complete the Free Application for Federal Student Aid (FAFSA). Abraham Lincoln University’s school code is: 042438
Step Two: After you electronically sign and submit your FAFSA, we will receive your Institutional Student Information Record (ISIR) and will notify you of any documents needed prior to processing your estimated Financial Aid Packaging Worksheet.
Step Three: Schedule an appointment (in person or via phone) with the Financial Aid Office to discuss:
Step Four: Apply for your student loans by completing your Unsubsidized Stafford Loan Master Promissory Note (MPN) at studentloans.gov.
Step Five: Complete your Entrance Counseling at studentloans.gov.
Step Six: Once you have been offered admission, we will notify you of any additional forms and/or missing documents needed to complete your financial aid paperwork prior to processing your award letter.
Direct Unsubsidized Loans (sometimes called Unsubsidized Stafford Loans) are federal student loans borrowed through the Direct Loans program that offer graduate students a low, fixed interest rate and flexible repayment terms. Demonstrated financial need is not required to qualify. A credit check or cosigner is not required. Students are responsible for paying the interest during all periods. If one chooses not to pay the interest while in school, during grace periods and deferment / forbearance periods, the interest will accrue and be capitalized (that is, the interest will accumulate and be added to the principal amount of the loan).
The interest rates on Direct Unsubsidized Loans are fixed and do not change over the life of the loan.
Every year on July 1, interest rates are reset based on current market rates. The interest rates are based on the 10-year Treasury rate (determined each year by the final auction prior to June 1) plus a fix margin (see table).
|Type of Direct Unsubsidized Loan|
Interest Rate Formula
Current Interest Rate
|Graduate/Professional Students||10-Year Treasury + 1.710%||3.60%||5.31%|
The current fee on Direct Loans is 1.069%. Fees are deducted from each loan disbursement.
The amount you can borrow from the Direct Loans program is subject to annual and aggregate loan limits:
Please check with the Financial Aid office for current scholarships, if available. Abraham Lincoln University School of Law has a number of online law school discounts available to students who meet certain qualifications. Read on to see if you qualify.
Discounts can be discussed with the Admissions team. Please call 213.252.5100 or email at email@example.com.
Sworn U.S. law enforcement officers may be eligible for a $1,000 discount for the first year of enrollment. Eligible students may extend their discounts by maintaining a minimum GPA of B or above.
All students passing the First-Year Law Students’ Examination (FYLSX) with an A grade (score of 720 or above out of 800) will receive a $1,000 discount for the second year of enrollment. This discount may be renewed for enrollment two additional times.
Students repeating any upper level courses due to First Year Law School Exam (FYLSX) failure (not passing the FYLSX within 3 administrations) may receive a 50% discount on the course tuition fee, provided the student had a previous course grade of C or higher.
If you are a first-time Direct Loans borrower, you will be required to attend entrance counseling before your loan funds are sent to your school (disbursed). You will learn about the loan terms and requirements during the counseling session.
You will also be required to sign a Master Promissory Note (MPN) before the loans can be disbursed.
The Direct Loan program sends the funds to your school to be credited to your student account. In most cases, the loan will be sent (disbursed) in two payment periods, one at the beginning of the Academic year and one at the midpoint when half of the program weeks and units have been earned.
Loan funds are credited to your account in this order:
If any loan funds remain in your account, the credit balance will be refunded to you by check within 14 days after the balance is created unless you authorized the school to hold a credit balance until the end of the loan period.
Cost of Attendance
A student’s cost of attendance (COA) is established solely for use in calculating federal financial aid eligibility and awarding financial aid, for a specific period of enrollment. ALU references the College Board website and uses low-to-moderate national monthly living expenses. Amounts used in this year’s federal cost of attendance (COA) (students living off-campus) are as follows:
|2016-17 Cost of Attendance (COA) Component||Juris Doctor Degree Program|
|Tuition (direct cost)|
|Registration Fee (direct cost)|
|Academic Resource Fee (direct cost)|
|Graduation Fee (direct cost)|
|Books (indirect cost) 1st Year JD|
|Loan Fee (indirect cost)|
|Room and Board (indirect cost)|
|Transportation (indirect cost)|
|Personal/Misc. (indirect cost)|
|Total Annual COA $29,752|
ALU ensures loan entrance counseling is conducted using the U.S. Department of Education’s online counseling module (https://studentloans.gov) for students borrowing Federal Unsubsidized Loans. The goal of entrance counseling is to help the borrower understand what it means to borrow federal student loans.
ALU notifies students to complete loan exit counseling online at the U.S. Department of Education website https://studentloans.gov within 30 days of completion of a program, withdrawal from ALU or when a student ceases to be enrolled at least half-time.
Federal regulations require institutions to establish a reasonable Satisfactory Academic Progress (SAP) policy for determining whether an otherwise eligible student is meeting SAP in an educational program and may receive financial aid under the Title IV HEA programs. The SAP policy applies to all JD students including those not receiving federal financial aid under the Title IV HEA programs.
Students must maintain SAP throughout the duration of their academic program to remain eligible for federal financial aid. SAP is assessed by qualitative and quantitative measures and is evaluated at the end of each completed payment period in the student’s academic program.
GRADE POINT AVERAGE
JD students must have a cumulative program grade point average (GPA) of 70 at the end of each completed payment period, unless otherwise defined by academic policy. The cumulative program GPA is calculated using only those grades earned at the University for the student’s current program.
The JD program has a published standard credit load for completion. Pace of completion is evaluated for all periods of attendance at the University, including periods the student did not receive federal financial aid.
The maximum timeframe to complete the JD program cannot exceed 200% of the published length of the program measured in credit hours attempted. Progress is evaluated cumulatively at the completion of each payment period to ensure completion of the program within the 200% maximum timeframe. If a student cannot complete the program of study within the maximum timeframe (as determined at the end of the payment period), the student will be placed on financial aid disqualification status without the ability to appeal.
The quantitative measure for the pace of completion is calculated using the following formula:
Cumulative number of credit hours the student successfully completed divided by cumulative number of credit hours the student attempted. At the end of each payment period, the student’s pace of completion is evaluated. Credit hours taken at other institutions and accepted toward a student’s primary program of study at the University are included in both attempted and completed credit hours when measuring pace of completion. Courses from which the student withdraws are counted as attempted credit hours when calculating the quantitative measurement or program pace.
The University evaluates SAP for the JD program based on a completed payment period (generally, at least 17.5 credit hours, 26 weeks). As a result of the evaluation, a student is assigned a Federal SAP status.
Students with less than a cumulative 70 GPA, or the minimum as stated in the University’s academic policy, OR who are not on pace at the end of a completed payment period, are automatically placed on Financial Aid Warning status. The University can disburse federal financial aid funds to students on Financial Aid Warning status for one payment period.
If a student on Financial Aid Warning status does not meet SAP at the end of the subsequent completed payment period, the student is not eligible for additional federal financial aid and will be placed on Financial Aid Disqualification status. Students who are placed on Financial Aid Disqualification status are ineligible for federal financial aid.
Students who are granted an appeal will be placed on Financial Aid Probation status and will have their financial aid eligibility reinstated based on the appeal. The University can disburse federal financial aid funds to students on Financial Aid Probation status for one probationary payment period, provided all other eligibility requirements are met. The student must meet the University’s SAP standards to maintain federal financial aid eligibility. If the University determines, based on the appeal, that the student will require more than one payment period to meet progress standards, the University will place the student on probation and develop an academic plan for the student. The University will review the student’s progress at the end of one payment period, as is required of a student on probation status, to determine if the student is meeting the requirements of the academic plan. If the student is meeting the requirements of the academic plan, the student is eligible to receive Title IV aid as long as the student continues to meet those requirements and is reviewed according to the requirements specified in the plan.
The University will notify students at any point during their enrollment if they are placed on or taken off the Financial Aid Warning, Financial Aid Probation, Financial Aid Disqualification statuses, as these affect student eligibility to receive federal financial aid.
Students placed on Financial Aid Disqualification status due to a violation of the qualitative and/or quantitative standards during the Financial Aid Warning period may appeal the disqualification to regain eligibility for federal financial aid. Students may do so by submitting a written appeal to the Dean of School of Law. If there are unusual circumstances that should be considered during the appeal process, federal financial aid reinstatement may be possible during a financial aid probation period. All appeals MUST include a written statement to explain the circumstances of why the student failed to make SAP and what has changed in their situation that would allow them to demonstrate SAP at the next evaluation. Approval and/or reinstatement of federal financial aid eligibility are not guaranteed. The Academic Review Committee reviews all appeals on a case-by-case basis. Approval is only granted when there are significant extenuating circumstances. All decisions made by the Academic Review Committee are final.
If students have more than 12 credits remaining in their program of study, they must demonstrate the ability to graduate within the maximum timeframe allowed and meet the GPA requirements. If students have 12 or less credits remaining, they must demonstrate the ability to complete the remaining credits successfully.
A student who is not making SAP regains eligibility only when the student is in compliance with the University’s SAP requirements. Therefore, if a student loses eligibility for federal financial aid as a result of not meeting SAP requirements, the student must pay for the ineligible payment period using non-federal financial aid funds. If the student meets all SAP criteria after the ineligible payment period, the student’s academic year will start at the beginning of the eligible payment period following the period of ineligibility. If the ineligible payment period is the second payment period of an academic year/loan period already established, any federal financial aid awarded for the second payment period will be canceled and, if necessary, returned to the funding source.
If at any time during the evaluation period it is determined a student is not going to complete the program of study within the maximum timeframe of 200% of the length of the educational program, the student becomes ineligible for federal financial aid. This determination cannot be appealed.
TRANSFER CREDITS — QUALITATIVE
A student’s program GPA is calculated using only grades earned at the University in courses that are applicable to the program. Therefore, transfer credits do not apply when calculating the student’s GPA at the University. Transfer credits include credits for all courses not completed at the University that are applied toward the completion of the student’s degree program.
TRANSFER CREDITS — QUANTITATIVE
Credits taken at other institutions and applied toward the student’s program/version at the University are included in both attempted and completed hours when measuring the student’s pace toward completion.
Credits from all attempts are included when assessing if the student meets the quantitative component. For more information how repeated courses affect a student’s cumulative grade point average, refer to ALU’s School of Law Catalog, J.D. academic policy.
For students receiving Federal Student Aid (FSA), federal law requires that the University, and in some cases you, the student, return funds you did not earn to the U.S. Department of Education within 45 days from date of determination. The refund process uses a formula to determine the amount of FSA funds a student has earned as of his or her last day of attendance. The Return of Title IV (R2T4) policy is in addition to the institution’s refund policy. Both calculations will be calculated when the student withdraws. If a student withdraws after completing 60% of the payment period, a student has earned 100% of the FSA funds he or she was scheduled to receive during the period. If a student withdraws before completing 60% of the payment period, FSA funds must be recalculated using Federal Return of Title IV funds formula:
Funds are returned to the appropriate federal program based on the percentage of unearned aid using the following formula:
For the purpose of determining the amount of the refund, the date of the student’s withdrawal shall be deemed the last date of recorded attendance. For the purpose of determining when the refund must be paid, the student shall be deemed to have withdrawn at the end of 14 days. However, if a student notifies the University, in writing, that he or she is withdrawing, the University will use the date on the student’s withdrawal letter, or the 14-day after his/her Last Day of Attendance (LDA), whichever is earlier, as the date of determination.
If you are in a dispute about your federal student loan, contact the Ombudsman Group as a last resort. The Ombudsman Group is dedicated to helping resolve disputes related to Direct Loans, Federal Family Education Loan (FFEL) Program loans, Guaranteed Student Loans, and Perkins Loans:
On-Line assistance: http://studentaid.gov/repay-loans/disputes/prepare
Telephone: (877) 557-2575; Fax (606) 396-4821
FSA Ombudsman Group
P.O. Box 1843
Monticello, KY 42633
Abraham Lincoln University participates in the William D. Ford Federal Direct Unsubsidized Student Loan program. To comply with the 2008 Higher Education Opportunity Act, Abraham Lincoln University adopts the following code of conduct to provide guidance to university employees, assure the integrity of the student aid process and uphold ethical conduct of university employees with regard to student loan practices. This code of conduct is applicable to all university employees and agents, the university’s Financial Aid Office and the Finance Office.
Our officers, employees, agents and other organizations associated with Abraham Lincoln University, agree to the provisions of this Code of Conduct and will refrain from:
Abraham Lincoln University is committed to providing the information and resources necessary to help every student achieve educational success. To accomplish this goal the financial aid staff will consider each student’s individual needs.