A. We are open Monday, Tuesday, Thursday and Friday 8:30 a.m. - 5 p.m. and Wednesday 8:30 a.m. - 5:30 p.m.
A. To contact your counselor, click here.
A. No, an appointment is not necessary. We understand your schedules may be hectic, so we have counselors available 8:30 a.m. to 5 p.m. on Mondays, Tuesdays, Thursdays and Fridays. In addition, counselors are available Wednesdays from 8:30 a.m. to 5:30 p.m.
A. Each program or degree may have a different cost associated with it. To estimate your costs, click here.
A. The estimated family contribution, also known as EFC, is a measure of your family's financial strength and indicates how much of your and your family's financial resources could be available to help pay for your education. The EFC is calculated from the information you report on the FAFSA. Saint Louis University uses resources from generous donors in addition to state and federal funds to provide you with your financial aid package. While our institutional funds provide a great deal of assistance to our students, our funds are also limited. Our awards to each family are equitably and ethically based upon the information given.
A. All students, regardless of household income or assets will qualify for student loans. We recommend that all families complete a FAFSA before their first year of school for us to award the best financial aid package possible. The FAFSA takes many factors into consideration including household size, number in college, asset portfolio and more. In fact, families with more than $200,000 in Adjusted Gross Income have qualified for aid.
A. The applications for summer aid are made available by the first part of April. Click here for the summer application form.
A. Please download the following document to guide you through the process: www.slu.edu/services/fin_aid/forms/0809_Doc1.pdf
A. As a returning student, the award letter is e-mailed to your Saint Louis University email account. Award letters usually are e-mailed to students by mid-April depending on when a file is complete.
A. Please contact your financial aid counselor to discuss your personal situation.
A. Your financial aid counselor will be happy to guide you through this situation.
A. Complete the FAFSA online at www.fafsa.ed.gov. Saint Louis University's FAFSA school code is 002506. Saint Louis University encourages all students to file the FAFSA each year prior to March 1.
A. Saint Louis University's priority deadline to file the FAFSA is March 1. This date allows a student to be considered for maximum eligibility.
A. You do not have to fill out a FAFSA, but we highly recommend doing so. Even families with high income levels have been surprised to find they have been awarded some type of aid after filing the FAFSA.
A. According to the FAFSA's guidelines, you should answer the parent section of the FAFSA about the parent you lived with more during the past 12 months. If you did not live with one parent more than the other, give answers about the parent who provided more financial support during the past 12 months, or during the most recent year that you actually received support from a parent. If this parent is remarried as of the date you are filing your FAFSA, answer the questions about that parent and the person to whom your parent is married (your stepparent).
A. Verification is an audit process required by the Department of Education. Students generally are selected at random, but students may be selected if FAFSA information is incomplete or if some answers are inconsistent with other answers listed on their FAFSA.
A. Please contact your financial aid counselor to check the status of your FAFSA.
A. Saint Louis University understands that circumstances sometimes change after you file your FAFSA. To share this our office, you are welcome to complete the Special Circumstance Review. Saint Louis University will determine if the student qualifies for any additional federal, state and/or institutional funds.
A. Yes, the Free Application for Federal Student Aid (FAFSA) is year specific. To be considered for aid, the FAFSA must be completed each year.
A. Interest rates vary with the type of loan. For specific rates, please see the chart below for the 2012-2013 school year.
Perkins Undergraduate 5.0%
Stafford Subsidized Undergraduate 6.8%
Stafford Unsubsidized Undergraduate 6.8%
Parent PLUS Loan Undergraduate 7.9%
Graduate PLUS Loan Graduate 7.9%
Private and alternative loans have variable rates based either on the prime interest rate or the three-month LIBOR (London Inter-Bank Offer Rate) and the credit scores of the applicants. To learn more about prime and LIBOR, and to see their current rates, visit www.bloomberg.com/markets/rates/keyrates.html.
A. You can review all federal loans you have taken out while an undergraduate and/or graduate student by visiting www.nslds.ed.gov. You will need your FAFSA PIN to access this information. To obtain information regarding non-federal loans such as a private loan, contact your loan provider.
A. Direct Stafford Loan Master Promissory Notes and entrance counseling can be completed at studentloans.gov Direct loans will notify SLU that you have completed it.
A. Also referred to as "private student loans," alternative loans provide another option than the more popular and standard forms of lending from federal and state governments, such as the Stafford Loans and PLUS Loans. Alternative loans don't have as restrictive amount caps as Stafford Loans. Depending on eligibility, you often are able to borrow up to the cost of attendance minus your other financial aid. The interest rate is tied into prime or the LIBOR interest rates.
Dependent, Undergraduate $31,000 - no more than $23,000 of which can be subsidized Stafford Loan
Independent, Undergraduate $57,500 - no more than $23,000 of which can be subsidized Stafford Loan
Graduate $138,500 - no more than $65,500 of which can be subsidized Stafford Loan
A. Generally, repayment begins within 60 days after the final loan disbursement; however, parents may request a forbearance (delay in payment) for up to four years. There is no grace period. Interest begins to accumulate at the time the first disbursement is made.
A. The most common loans students apply for are Federal Direct Stafford Loans. There also are Parent PLUS loans, Graduate PLUS loans, private loans and alternative loans. For more information regarding loans, click here.
A. Maybe! Work-study funding is awarded to students who file the FAFSA and show financial need. You can indicate your interest in the program when you file the FAFSA by answering the question, "What types of student aid interest you?"
A. No, you may only participate in one Federal Work-Study (FWS) job. However, you can work a second job on campus as a non-FWS worker, also known as a "student worker" position. You are limited by federal law to a maximum of 15 hours per week in a FWS position. As a student worker, the department where you work will set any limits on your hours. For available positions (both FWS and non-FWS) at SLU, visit careers.slu.edu.
A. When an undergraduate student enters Saint Louis University he or she is reviewed for scholarship opportunities based upon his or her ACT/SAT and G.P.A. Returning students may be eligible for additional scholarships from their particular academic departments.
Students are encouraged to search for private scholarships not affiliated with Saint Louis University to help reduce their costs. Free scholarship searches are available on the Web. Here are just a few sites to help you get started: www.fastweb.com, www.wiredscholar.com, www.collegeboard.com.
A. No, the amount of a scholarship stays constant the entire time a student is at Saint Louis University. For additional scholarship opportunities, please refer to the previous question.
The policies, regulations, procedures, and fees are subject to change without prior notice, if necessary, to keep Saint Louis University policies in compliance with State and Federal laws and/or with rules and regulations of Saint Louis University.