Federal Direct, Federal Graduate PLUS Loans and Alternative Loan Opportunities

The University of Dayton School of Law Office of Admissions and Financial Aid works in conjunction with the University of Dayton Office of Financial Aid to help you finance your law school education. For more information, visit the School of Law Office of Admissions and Financial Aid at 937-229-3555 or by email at lawinfo@udayton.edu

Eligibility for Federal Direct and Federal Graduate PLUS Loans

To be eligible for a federal loan, you must:

  1. 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 2014-2015 academic year. (For students entering in summer 2014, the summer semester eligibility is $20,500 if you have not used any Federal Direct Loan monies in the 2014-2015 academic year.)
  2. Be enrolled at least half-time at an ABA-approved law school.
  3. Be a U.S. citizen or an eligible non-citizen.
  4. Have no educational loan defaults on record or owe a refund on an educational grant.

Back to top from Eligibility for Federal Direct and Federal Graduate PLUS Loans

Submitting the FAFSA

Summer Applicants: You must submit two free applications for Federal Student Aid (FAFSA). For summer 2014 loan eligibility, submit or update the current (20124-2015) FAFSA. For fall 2014 and spring 2015 loan eligibility, submit the 2014-2015 FAFSA. List the University of Dayton (Federal Code 003127) to ensure we receive 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 2014-2015 free application for Federal Student Aid (FAFSA) as soon after Jan. 1 as possible to be considered for a federal loan. List the University of Dayton (Federal Code 003127) to ensure we receive the results.

Deadline for submission: The FAFSA needs to be filled out annually and should be completed preferably by May 1.

Back to top from Submitting the FAFSA

Federal Direct Loan: Unsubsidized

  • Award is not based on financial need.
  • Maximum amount is $20,500 per academic year. For students entering in summer 2014, the summer semester eligibility is up to the full $20,500 (not to exceed cost of attendance when combined with other aid) if you have not used any Federal Direct Loan monies in the 2014-2015 academic year.
  • Interest accrues while you are in school. Payment begins after graduation or when attending less than half time.

Back to top from Federal Direct Loan: Unsubsidized

Federal Graduate PLUS Loan

Eligibility for this loan is determined, in part, by your personal credit-worthiness. For more information, visit the School of Law Office of Admissions and Financial Aid at 937-229-3555 or by email at lawinfo@udayton.edu

  • Approval is based on credit-worthiness as determined by credit report
  • You must be enrolled at least half-time at an ABA-approved law school
  • You must be a U.S. citizen or an eligible non-citizen
  • You must have a valid FAFSA on file

Back to top from Federal Graduate PLUS Loan

Alternative Loan Opportunities

The terms and conditions of alternative loans are similar to the Federal Graduate PLUS Loan. We encourage you to compare your options by also considering the Federal Graduate PLUS Loan. Eligibility for all private loans depends on your personal credit history.

Information about suggested lenders is available in the School of Law Office of Admissions and Financial Aid at 937-229-3555 or by email at lawinfo@udayton.edu. If you plan to apply for an alternative loan, we encourage you to obtain a credit report at least six months prior to applying for such a loan in order to minimize delays.

  • Apply early to minimize delays
  • Approval and interest rate offering based on credit-worthiness as determined by credit report
  • Loan interest rates may be fixed or variable, depending on the lender and type of loan
  • Contact the private lender directly for more information on details of the loan product

Back to top from Alternative Loan Opportunities