Welcome to the IU Robert H. McKinney School of Law’s Student Financial Services homepage for continuing students. Our goal is to assist you with navigating the sometimes complex financial aid world by providing you with an understanding of financial aid opportunities and processes.
Overview of the Federal Aid Process for Continuing Students
Continuing students borrowing federal loans must renew the FAFSA annually (the online application is updated effective January 1st of each calendar year).
- Complete online at www.fafsa.gov.
- Include the IUPUI school code (001813).
- Parent information is not required on the FAFSA at this level of education.
- Coursework taken during fall 2012, spring 2013 and/or summer 2013 requires the 2012-2013 FAFSA.
Continuing students will receive the Financial Aid Notification (FAN) via University email during May/June, which details their federal loan options. Once the FAN is received, it is recommended that students view their awards on OneStart and make any desired adjustments (accept, decline or reduce) to their loans before the month of August.
Students should monitor their OneStart account (https://onestart.iu.edu) to ensure there are no outstanding items needed for the aid process (additional required documentation for the financial aid process will be reflected on the OneStart “To Do” list). Additionally, students should monitor their University email accounts, as official communications from both Financial Aid and Bursar Offices are sent to the IUPUI email account. Students needing assistance with email set-up should contact University Information Technology Services (UITS) (http://uits.iupui.edu).
Federal student loans credit to enrolled students’ bursar accounts ten (10) days prior to the start of his/her semester. Loans will disburse and automatically cover tuition and mandatory fees owed, assuming the student has aid equal to or greater than the bursar bill. Aid in excess of what is owed will be refunded to the student. Direct deposit can be set-up online at http://www.bursar.iupui.edu/directdepositinfo.asp to expedite receipt of the refund.
If a student wants federal student loans to pay for educational costs incurred other than tuition and fees (such as parking decal, recreation fees, JagTag expenses, etc.), s/he must authorize that process to occur by completing and signing the Title IV Authorization Form. Once complete, this form should be returned to the Office of the Bursar at P.O. Box 6020, Indianapolis, IN 46206-6020.
We recognize that students come from different backgrounds, experiences and lifestyles; however, the student educational budget reflects a modest lifestyle. The Cost of Attendance (budget) refers to the maximum allowable amount of total financial aid (from all sources; loans, scholarships, fee remissions, etc.) a student can receive within a given term/year. The Office of Student Financial Services (OSFS) develops budgets that estimate a student's annual projected educational expenses, including:
- Tuition & Fees
- Living Expenses (includes housing)
- Books & Supplies
Students may not borrow in excess of the approved budget. Daily living expenses related to spouse or children cannot be included, with the exception of daycare costs. Car purchase, moving expenses, and credit card debt are additional examples of expenses that cannot be considered when calculating how much a student may borrow.
The lifetime Federal Stafford Loan aggregate borrowing limit for graduate students is $138,500 (which includes Stafford Loan borrowing from undergrad or previous graduate programs, if applicable). Borrowers must consider how repaying the loans will impact their personal and professional life. You should keep track of your total indebtedness and understand the approximate monthly payment obligations for the amount borrowed.
Loan repayment calculators can assist you in determining monthly loan payments and total amount you will repay with interest, based on the amount borrowed and the number of year it takes to pay off the debt. You can access a calculator at http://www.finaid.org/calculators/loanpayments.phtml.
Federal Stafford and Graduate PLUS Loans are borrowed from the U.S. Department of Education’s Direct Loan program. You can always review and access your overall federal student loan borrowing amounts at the U.S. Department of Education’s National Student Loan Data System (NSLDS) website, www.nslds.ed.gov. You will need your FAFSA four-digit Personal Identification Number (PIN) to log into this website.
Private loan borrowers should refer to their lender’s website for indebtedness totals.
Financial Aid Contact
» Contact LeAndra Ross, Assistant Director of Student Financial Services for McKinney School of Law
IUPUI Office of Student Financial Services – Types of Aid, Applying for Aid, Receiving Aid, Consumer Information, and Campus Center Office Information.