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Policies & Procedures Current federal law requires each eligible institution participating in Title IV federal financial aid programs to provide student financial assistance and other institutional information. Law students must adhere to the same policies and practices established by Saint Louis University as any other student including financial aid policies if they are receiving Title IV federal financial aid. This includes maintaining Satisfactory Academic Progress in order to be eligible for financial aid. Each student has a right and responsibility for knowing the University policies, in addition to the policies established by the School of Law. The student is the borrower and, as such, the financial aid status of law students will only be discussed with the student. As in other schools, the primary responsibility for meeting the educational and personal maintenance costs rests with the student. Financial aid is awarded to help in meeting direct educational expenses. The total amount of aid awarded cannot exceed the standard cost of attendance budget for a student at this law school. Students who plan to request financial aid through the federal government must submit a FAFSA. Falsification or misrepresentation of any part of the financial aid application or process will result in denial, withdrawal or required repayment of aid funds. Misrepresentation of information submitted on applications for federally sponsored funds will subject the filer to sanctions under provisions of the United States Criminal Code. Academic transcripts and enrollment verifications will be withheld for any student/graduate who defaults on University loans or federal loan aid directly administered by the School. Tuition Assessment Law student are typically enrolled for a fall and spring semester with tuition billed one semester at at time. Bills for the fall semester are mailed at the end of July with payment arrangements due in August. Bills for the spring semester are mailed in December with payment arrangements due in January. 1. Click on EBills There are three payment plans available for students: 1. Pay your semester bill in full to Saint Louis University. The balance can be covered in full by student aid, such as scholarships, remission and loans. No finance charge will accrue if the account is paid in full by the stated due date. Full payment for the fall semester is August 1st; full payment for the Spring semester is January 1st. 2. Make monthly interest-free payments during the semester. If you choose this option, you will be assessed a per-semester fee of $75.00. 3. Make monthly payments during the semester. If you choose this option, you will be assessed a 1% interest charge each month on your unpaid balance. Payment Due Dates For either of the monthly plans, payment due dates are August 1st, September 1st, October 1st, November 1st and December 1st for the semester and January 1st, February 1st, March 1st, April 1st and May 1st for the spring semester. Choosing a payment plan Typically, students with an outstanding balance of between $4,000 and $5,000 or more will benefit from choosing the payment plan with the enrollment fee (option 2). Students with smaller outstanding balances are more likely to benefit from choosing the payment plan with the 1% interest charge (option 3). Late Payments Under either payment option, a $50 late fee will be assessed each time a payment is submitted late. Students enrolled in the payment plan with the enrollment fee (option 2) will automatically be switched to the payment plan with the 1% interest charge (option 3) if they are late making more than one payment. Interest charges and late fees will not be assessed until after September 1st for the fall semester. Refund Policy Students who matriculate, pay the assessed tuition and then withdraw from the School of Law may be refunded a portion of the paid tuition. For the fall/spring semester, a student may withdraw up to the end of the second week of classes and be refunded 100% of the tuition charge; up to the end of the third week of classes will be 90%; up to the end of the fourth week of classes will be 80%; and, up to the end of the fifth week of classes will be 70%; at the beginning of the sixth week of classes no tuition will be refunded. Students who drop classes during the fall/spring semesters and do not withdraw from the School may only receive a 100% refund in the difference in tuition costs during the first 2 weeks of classes. At the beginning of the third week of classes, there will be no tuition refunds for changing enrollment and dropping classes. For the summer semester, a student may withdraw up to the point of the first week of classes and be refunded 100% of the tuition charge; up to the end of the second week of classes will be 80%; and up to the end of the third week of classes will be 60%. |