Loan Disbursement and Budgeting Refunds
Law students enrolled during the Summer need to be attentive to when loans will disburse and whether they will need to save a portion of their Summer refund to help pay for Fall and Spring living expenses. Here’s some information to help you anticipate and manage your financial aid disbursements over the course of the whole academic year.
|
Semester or Session |
Loan Disbursement / Refund Timeline |
|---|---|
| Summer Session 1 | If you specifically informed the Financial Aid Office that you would be enrolled in Summer Session I by submitting our online form about enrollment assumptions, your Summer loans will be scheduled to disburse on/after May 24, 2021. Refunds from financial aid will be available no earlier than the first day of classes in the session: June 1, 2021. |
| Summer Session 2 |
If you did not communicate your Summer enrollment plans to our office, or if you are only taking classes during Summer Session II, your Summer loans will be scheduled to disburse on/after June 28, 2021. Refunds from financial aid will be available no earlier than the first day of classes in the session: July 7, 2021. |
| Fall |
First-Year Law Students: Fall loans will be scheduled to disburse on/after August 9, 2021. Refunds from financial aid will be available no earlier than the first day of the Legal Methods course: August 16, 2021. |
| Spring |
All Law Students: Spring loans will be scheduled to disburse on/after January 3, 2022. Refunds from financial aid will be available no earlier than the first day of Spring classes: January 10, 2022. |
Calculating Potential Account Refunds
We strongly suggest that you download and complete the worksheet below, especially if your financial aid award letter includes the Summer semester. This worksheet is a tool to help you estimate your per-semester financial aid refund or account balance due.
To complete the worksheet you will need to refer to:
- Your financial aid award letter in Self-Service. (Log into WebAdvisor, select the link for Financial Aid Self-Service, and navigate to My Awards.)
- The tuition cost information on the Student Accounts website.
After completing the worksheet, please accept or decline your loans in Self-Service by following the prompts on the screen. Additional loan processing steps may be required. The checklist on the Financial Aid Self-Service home page will track your progress in completing loan counseling and MPN requirements. Grad PLUS Loan borrowers must complete one additional step that does not appear in the checklist: the Grad PLUS Loan Application.
If you will receive refunds from financial aid in 2021-22, budget carefully over the entire academic year!
Refund amounts can vary by semester and your Summer refund may be larger than your Fall and/or Spring refunds. Therefore, you may need to set aside a portion of your Summer refund to address Fall/Spring expenses.