Federal Direct and Federal Graduate PLUS Loans
To be eligible for a federal loan, you must:
- Submit the appropriate Free Application(s) for Federal Student Aid (FAFSA). Typically, students who complete the FAFSA will be eligible for $20,500 in Federal Direct Loans for the 2012-2013 academic year (for students entering in Summer 2012, the summer semester eligibility is $20,500 if you have not used any Federal Stafford Loan monies in the 2011-2012 academic year)
- Be enrolled at least half-time at an ABA-approved law school
- Be a U.S. citizen or an eligible non-citizen
- Have no educational loan defaults on record or owe a refund on an educational grant
For More Information
Submitting the FAFSA
Summer Applicants: You must submit two Free Applications for Federal Student Aid (FAFSA). For Summer 2012 loan eligibility, submit or update the current (2011-2012) FAFSA. For Fall 2012 and Spring 2013 loan eligibility, submit the 2011-2012 FAFSA. List the University of Dayton (Federal Code 003127) so we can get the results.
Deadline for submission: The FAFSA needs to be filled out annually and should be completed preferably by March 1.
Fall Applicants: Submit the 2012-2013 Free Application for Federal Student Aid (FAFSA) as soon after January 1 as possible to be considered for federal loan. List the University of Dayton (Federal Code 003127) so we can get the results.
Deadline for submission: The FAFSA needs to be filled out annually and should be completed preferably by May 1.
Federal Direct Loan: Subsidized
- Awarded on the basis of financial need (as determined by your FAFSA)
- Maximum amount is $8,500 per academic year (for students entering in Summer 2012, the summer semester eligibility is $8,500 if you have not used any Federal Stafford Loan monies in the 2011-2012 academic year)
- Federal government pays the interest while you are in law school
Federal Direct Loan: Unsubsidized
- Award is not based on financial need
- Amount is $12,000 per academic year (for students entering in Summer 2012, the summer semester eligibility is $12,000 if you have not used any Federal Stafford Loan monies in the 2011-2012 academic year)
- Interest accrues while you are in school and is your responsibility
Federal Graduate PLUS Loan
Eligibility for this loan is determined, in part, by your personal credit-worthiness. For more information, contact the University of Dayton Office of Financial Aid website.
