Looking for something else? Ask the Financial Aid Office.
Financial aid is more than just grant assistance. Education loans are also a large part of the total financial aid available (and needed) to finance the cost of a legal education. These grants and loans come from a variety of different sources. These include, but may not be limited to, the U.S. Government, Hofstra Law institutional funds, Hofstra University funds, outside awards & scholarships sources and private education loan funds.
Hofstra Law uses a standard student budget when packaging federal and campus-based financial aid. Other educationally related expenses may be taken into consideration, such as child care, uninsured medical costs and relocation expenses (for entering students). These adjustments to the standard student budget are reviewed and approved on a case-by-case basis. A completed Budget Appeal Form (PDF) for should be submitted to the Financial Aid Office. The Financial Aid Office produces financial aid offers for admitted law students from March through August. The offers reflect eligibility for federal student loans and for some campus-based aid, such as need-based grants. Grant and scholarship awards made by the law school are assimilated into the federal student aid offer resulting in a package combining the federal student loans, campus-based aid, and grants and scholarships.
Financial need is the difference between the cost of attendance (student budget) and our assessed student contribution. Hofstra is required by law to use the Federal Methodology formula to determine a student's eligibility for federal financial aid. The data used to conduct this analysis is collected via the FAFSA. Graduate students are always treated as independent for the purposes of determining eligibility for federal aid and therefore, they do not need to submit parental information on the FAFSA.
Your Expected Family Contribution is determined by the data collected on the FAFSA. The information you provide goes through a Federal Methodology formula, which calculates your EFC.
Yes, Hofstra Law School offers both merit and need-based financial aid.
No. The Office of Financial Aid sends you a financial aid award letter. Your financial aid award is also available on your Hofstra Portal. Your award notice lists any scholarships, grants, loans, or Work-Study that you are eligible to receive.
The Office of Student Financial Services sends you a bill which is also available to view on your Hofstra Portal. Your bill is the actual amount you owe the University. Financial aid administered by the Office of Financial Aid is applied directly to the charges listed on your bill. You are responsible for paying any amount not covered by these awards.
The Hofstra Law financial aid process applies the same need analysis and packaging guidelines to all students. In a given school year, students with similar financial circumstances will receive similar aid packages, regardless of their year in school. However, it is not unusual for a student's financial aid award to change over the three years while enrolled at Hofstra.
Financial aid packages should be evaluated based on quantity and quality. A good measure of the quantity of your aid package is to figure out how much financial aid money you will have left after paying your tuition and fees instead of simply considering the total amount. A financial aid package can be considered high quality if it allows a reasonable level of self-help awards (loans and work-study) compared to the total cost of education at the school.
Compare the different packaging philosophies and awarding policies at each school. Be aware of changes or prorating that may take place as you continue your legal education. Knowing what to expect after your first year in law school can be a crucial part of making your final choice about which law school to attend.
Hofstra Law School does not "negotiate" or match financial aid awards from other universities. It may be that another university is offering scholarships based on factors such as merit, and not demonstrated financial need or a combination of the two. If, however, the other school has information about your family's financial situation that you did not share with us, or if you have reason to believe we have made an error in our evaluation, please contact us to discuss a possible re-evaluation.
That depends. If you request reinstatement within the term that the aid was granted, you are still enrolled, and your eligibility has not changed, we can typically reinstate Federal Direct Stafford Loans and Grad PLUS Loans. Reinstatement of aid from other programs would be dependent upon whether funds were available in the various aid programs and the reason for your request.
Students do not need to reapply for merit scholarships. If, however, you have received need-based aid in addition to the merit scholarship, then you must update your financial records by filing renewal financial aid applications (Free Application for Federal Student Aid and and the NeedAccess form) every year. Students receiving merit scholarships have to meet the academic standard noted in their scholarship letter.
No. File as soon as you can so that your application for financial aid can be considered as soon as possible after you are admitted.
You can complete the application forms with the best estimate of your prior year income. Depending on what types of aid you are applying for, you may need to submit signed copies of federal tax returns to our office once they are completed. It is important to provide the most accurate information you possibly can, because when the actual data is reviewed, this could affect your eligibility.
No. You do not have to include retirement plan accumulations when totaling the value of assets. However, any annual contribution must be reported since they are considered discretionary payments and are usually untaxed income.
Yes. Students in the part-time program can apply for financial aid to assist with both tuition and living expenses.
Yes, you are required to inform us about your outside aid as this may effect your eligibility for other financial aid funds. It’s helpful to know this early in the process. If we find out about the outside aid when the sponsor sends your money to Hofstra, it may cause budgeting problems, especially if we have to cancel aid you are no longer eligible to receive.
You should make an appointment with the financial aid office to discuss budgeting concerns.
There are priority deadlines established to ensure timely processing of financial aid requests, but students can request financial aid throughout most of the academic year. Review the rest of our website for general guidance on financial aid and contact our office if you need assistance with the application process.
The vast majority of students attending Hofstra Law are financial aid recipients. In fact, this past year, approximately 80 percent of all Hofstra Law students were receiving some form of financial aid. Financial aid does not just include free grant assistance. It also incorporates federal, institutional and private education loan assistance. Students who do not qualify for any of our scholarships may still qualify for financial aid from the Federal Stafford loan program and from a number of private education loan sources. All students can apply for financial aid money (loans) from our office to finance the full cost of their legal education.
Yes, you must reapply each year.
In order to give you a clear understanding of the Hofstra Law financial aid application process, we have broken our process into a series of steps that outlines what you need to do to complete your application and what you can expect to receive from us during the application process. Everything you need to know about applying for financial aid can be found in the Applying for Aid section of our website. Please contact us if you have questions or need more detailed assistance.
Maurice A. Deane School of Law at Hofstra University
Office of Financial Aid
108 Hofstra University, Joan Axinn Hall
Hempstead, New York 11549
If you have received your Student Aid Report (SAR) and listed Hofstra University’s school code (002732), we will have access to your FAFSA data. If you have not received your SAR and it has been more than four weeks since you completed your FAFSA, call FAFSA at 800-4-FED-AID to inquire on the status. When completing the FAFSA, please make sure the personal information you provide matched that on your LSAC account.
A Master Promissory Note (MPN) is a legal binding contract you enter into when you obtain a student loan. In most cases, it is the actual loan application that also lists the conditions and terms of the loan as well as information about interest calculations, deferment and loan cancellations. You should carefully read all application and promissory note material. Remember that the promissory note is your contract with the lender. You should file your promissory notes with your permanent financial records.
Master Promissory Notes and entrance interviews are valid for 10 years. If you are a Hofstra University graduate and have borrowed through Hofstra University, you should not need to complete another promissory note or entrance interview.
No, this MPN is only for the Federal Direct loan program. Grad PLUS and Perkins loans have their own MPN that must be signed.
No. Students are only eligible for $20,500 per year in Federal Direct Loan funds. You will most likely need to round out your aid with a Grad PLUS or private loan.
The Federal Perkins Loan is a no-fee federal loan that does not accrue interest while you are in school (or in grace) and has a 5 percent fixed interest rate during repayment. The loan is borrowed through Hofstra University, which receives an annual allocation from the U.S. Department of Education. Although there is limited funding available for this loan program, there is no special application for this loan as students are considered for this loan during the normal financial aid process. Students interested in more detailed information should contact the Financial Aid Office directly.
The two offices have separate administrative functions. The Financial Aid Office, located in Joan Axinn Hall across from the law school, determines eligibility for grants, scholarships, loans and work-study. We also provide services such as financial planning, entrance and exit interviews and other guidance related to managing your money. Student Financial Services, located on the second floor of Memorial Hall, is responsible for billing and collecting payments from students for Law School tuition and other charges. To recap, we've listed who you'll want to contact regarding the following:
|Financial Aid||Student Financial Services|
|Scholarships||Monthly Payment Plan|
|Federal Student Loans||Refund Requests|
|Commercial Student Loans||Refund Check Pick-Up|
|Financial Planning||Your Billing Statement|
|Entrance & Exit Interviews||Your Student Account|
|Credit Issues||Meal Plan Changes|
|Work Study||Residence Hall Charges|
|Loan Repayment Assistance Program||You can contact the Office of Student Financial Services at firstname.lastname@example.org or visit them in Memorial Hall on the second floor.|
To obtain the funds offered in your financial aid award notice you must: (1) accept the award and follow all instructions in the award notice and return the signed copy (if you are a grant recipient) to Hofstra Law School, and (2) complete other documents as needed to obtain funds offered (e.g., a student loan application/master promissory note or loan entrance interview). It can take up to six weeks to receive disbursements under some financial aid programs. Please plan ahead and enroll with sufficient funds to cover at least your first two weeks of living expenses. Financial aid is disbursed at the beginning of each semester in which funds are awarded. Please remember to direct all questions about your bill to the Student Financial Services Office as the Financial Aid Office cannot assist you with billing questions. For more information about differences between the Financial Aid Office and Student Financial Services see the FAQ above this one.
You will receive a bill for the Fall semester from the Hofstra University Student Financial Services Office in July. You must respond to the bill by the specified due date. The Spring semester bill will generally arrive in early-December and is generally payable in early January. Please follow the due date on the statement. If you have been awarded Hofstra Law School aid, or have applied for loans which have been processed by the Financial Aid Office, a temporary credit for these funds may appear on your billing statement. Please remember to direct all questions about your bill to the Student Financial Services Office as the Financial Aid Office cannot assist you with billing questions.
Don't worry, if you applied for your private loan before July and you have completed your FAFSA, your student account will indicate that you have pending aid and you will not be charged late fees.
Hofstra Grants & Scholarships, Federal Loans and Perkins Loans will appear as pending credits on your tuition bill. Students whose scholarships or federal loans do not appear on their bills should contact the Law School Financial Aid Office. Half of the scholarship and federal loans are applied toward each semester. In order to use a private loan toward the tuition deadline, the loan must be approved by the lender and certified by the University. Most private/alternative loans are not printed on the tuition bill, even if the loan is approved and the University has certified the application. Please keep in mind that private loans are divided into two equal disbursements to be applied to fall and spring semesters.
Yes, if you withdraw from Hofstra Law School or change the number of credit hours for which you are enrolled your eligibility for your offer of aid will likely change as well. You should contact the Financial Aid Office to discuss how it may affect your eligibility for financial aid.
The following table shows the average cost of attendance for a nine-month academic year, based on 2012-2013 tuition and fees, but students should take into account their own spending and the possibility of unforeseen expenses.
|Living on Own||Living on Campus||Living With Family|
No, the budget is a guideline for planning your expenses for the academic year. In fact, many students find that their actual expenses are less than the amounts allowed under the budget. Living on less now allows you to borrow less and to save money in the long run.
Federal regulations mandate that the student expense budget only include education-related expenses. There are many items which students assume can be included in the student expense budget that are prohibited. The most common misconceptions include the following:
If you have a legitimate educational expense that causes you to exceed your student budget, our office can consider an adjustment, once appropriate documentation is reviewed and approved. Please bear in mind that adjustments are, for the most part, only made under extraordinary circumstances. Be advised that requests for budget increases will generally not be reviewed until after October 1.
Expenses for necessary medical treatment not covered by insurance may be allowed as an adjustment to the student expense budget if you’ve already borrowed to the full extent of the budget. Should you have a medical/dental expense that is not covered by insurance, please contact our office. Typically, we expect a detailed cost of treatment and billing summary for the services received.
If you have not borrowed up to the budget, you may not need a budget increase. If you have borrowed up to the budget you may request a budget increase for the purchase. You will need to complete the Hofstra Law Request for Budget Adjustment Form and attach supporting documentation of the computer expenses.
In order to be considered an allowable budget expense under federal guidelines, the purchase of the computer needs to occur either during or just prior to the start of the academic year.
While we don’t have a “strict” maximum, we suggest you purchase a computer through either one of two companies. Hofstra University has a contract with IBM and Apple, both of which offer student discounts on purchasing computers or can be used as a guideline when making computer purchases. You can access the IBM/Apple-Hofstra Discount Web page through the following link: http://my.hofstra.edu/www/Support/IT/it_computer_sales.jsp. Students are permitted only one budget adjustment for a computer during their three years at Hofstra Law.
The following items will be considered: medical/dental expenses not covered by insurance, computer purchase (one time only), health insurance, loan fees and a dependent child adjustment. These items may be considered on a case-by-case basis: cost of living (i.e., rent), travel and other expenses. Please note that cost of living increases may not be approved. Students are advised to wait until their budgets are approved before allocating these funds toward expenses.
Yes, Hofstra Law does have an appeal process. You may appeal your financial aid award if you experience significant and/or unforeseen changes in your financial circumstances that affect your ability or your family’s ability to contribute towards the cost of your education. You may also appeal if you believe some important financial information was either not included with your original application or missed in our review of your original application. It is advisable that you discuss your appeal request with the financial aid office prior to submission so that we can give you guidance on how to proceed.
While we must conform to federal and institutional guidelines and enforce Hofstra Law Financial Aid Policy consistently to ensure equity and fairness to all applicants, we are also committed to factoring in an individual student’s extenuating circumstances whenever possible and appropriate. Please know that while you do have the right to question policies enforced by the office, this is not the intent of the appeals process. The appeals process allows you to ensure that we have taken everything into account in your personal financial situation when determining your eligibility for aid according to existing policy.
Generally speaking, appeals must focus on financial circumstances related to the cost of education. Appeals based on discretionary expenses external to direct education-related costs, such as high credit card debt, car payments, wedding expenses, discretionary travel, and the like cannot be considered.
Generally, appeal requests are resolved within two weeks; however, during our peak processing seasons, due to the large student population we serve, appeal requests may take longer to review. During those times, we appreciate your patience as we try to provide thorough consideration to each appeal request.
April 1 is the priority deadline for filing for institutional need-based grants and loans. June 30 is the deadline for having a completed financial aid file in order to avoid any late fees.
During the summer before your matriculation, our office sends admitted students correspondence via email to the address on file with the Office of Admissions. We may periodically send correspondence to your permanent mailing address. Once enrolled, please update your addresses as needed with the School of Law’s Office of Academic Records or via your Hofstra Portal. During your academic career at the School of Law, your Hofstra University email account will be our primary method of communicating with you.
Read the emails sent to you from the financial aid office (lawfinaid) AND periodically take a look at the financial aid Web page; important information and reminders about key upcoming deadlines and events will be posted here. We are working hard to keep our site updated and useful so that you can get what you need quickly and efficiently in one central location.
All loans are disbursed in two parts at the beginning of each semester (generally in mid- to late August and January). Lenders will electronically wire (a selected few mail paper checks) the disbursement monies directly to Hofstra University's Office of Student Accounts, which, in turn, will apply the funds to your account.
Hofstra University generally requests that student loans be disbursed to the University ten days prior to the first day of class for the upcoming semester. Students have the right to cancel all or part of the loan or disbursement prior to or after the funds have been disbursed to the University. Prior to the disbursement of the loan students should contact the Hofstra Law Office of Financial Aid and request that the loan be canceled or reduced. After the loan has been disbursed to the University, students need to contact the Office of Student Financial Services and requested that all or a portion of the loan funds be returned to their lender. You can contact the Office of Student Financial Services at email@example.com or visit them in person in Memorial Hall on the second floor.
If you borrowed loans greater than the amount of your Hofstra Law tuition bill, you can request a refund of your credit balance from the Office of Student Accounts.
You can view the status of your account through your Hofstra Portal.
If you met the deadline to apply for your scholarship aid and loans, your funds should arrive at the school before the first day of classes each semester. All financial aid, including scholarships and loans, will be sent to the school and credited to your student account. If your total financial aid for the semester will exceed the amount needed to settle your bill with the University, you are entitled to use that money toward your living expenses. The amount of financial aid left on your account after your tuition, fees and dorm charges (if living on campus) are paid, is known as a credit balance.
You may request a refund of your credit balance semester as soon as you have one on your student account. All refund requests should be placed with the Office of Student Financial Services, either in person or by email. You may request that the check be mailed to you or held for pick up at the Student Accounts Office.
Tip: Have sufficient funds to cover immediate expenses at the start of school, such as August and September rent, apartment deposits, realtor fees, books, etc. It can take up to 10 or more business days for the University to release financial aid funds!
If you completed your loan applications on time and are eligible for a refund, Student Accounts will process your refund check shortly after your account balance is paid in full and you have requested a refund. This process generally starts each semester during the first week of classes.
While we suggest picking up your refund check in person, refund checks may be mailed to the mailing address you have on file; if no mailing address is on file, the check will go to the permanent address. An outdated address is frequently the reason for delays in receiving a refund check, so be sure to update addresses on the Hofstra Law student information system, myPortal, at my.hofstra.edu.
Unfortunately not at this time.
No, only U.S. citizens and permanent residents may apply for Stafford Loans.
International students may be eligible to receive Hofstra Law merit-based scholarship funding only, as determined by the Office of Admissions.
PLEASE NOTE: Due to their ineligibility for federal loans, many international students may have a significant gap between total costs and available funding. Thus, we encourage all international students to investigate all available options in their home countries and outside funding organizations. International students may also get useful information at http://www.edupass.org/.
The only alternative financing available is through a private lender/bank. Most require a co-signer who is a U.S. citizen. Approval of these loans is made independently by the lending institution after Hofstra certifies your enrollment and cost of attendance.
Yes, they are based on need and funding is very limited.
Repayment begins six months from the date of your actual last day of classes, whether it be your last semester, a leave of absence or if you should drop below a half-time status.
Your first payment will be due 60 days after the loans is fully disbursed.
Repayment begins immediately after the actual last day of your classes, whether it be your last semester, a leave of absence or if you should drop below a half-time status. Your first payment will be due 60 days after the loan is fully disbursed.
Repayment of private loans generally begins from six to nine months after graduation. You need to contact your individual lender for the exact start date.
Deferment forms should be requested from your lender.
All deferment forms should be submitted to the Office of Academic Records. Please contact them with any questions regarding this process 516-463-5917.
Loan consolidation allows borrowers to combine their federal education loans into a single loan with one monthly payment, which can be significantly lower than the payment required under the standard 10-year repayment option.
Yes, our Loan Repayment Assistance Program is available to students who enter qualifying public interest employment and meet the program’s guidelines.
Please note: The Maurice A. Deane School of Law at Hofstra University does not partner with or have an affiliation with any online lender search tools or loan comparison charts.
You must complete the following in order to receive your loans for the 2012-2013 year:
Most lenders use internet and telephone application processes.
After you have been admitted and have received your Financial Aid Award letter and at least six weeks prior to the start of the semester to insure the funds are here in time.
Yes, a lender will determine whether or not they will lend to you based on your credit history. If your credit might be an issue, pull your credit report and make any corrections you can. To receive a copy of your credit report, you can go to www.annualcreditreport.com.
Hofstra does have a loan program, but it is based on need and the funding is very limited. However, Hofstra Law does work with some lenders who are willing to take a “second look” at a student’s loan application.
The quickest way to figure out the maximum amount allowable is to take the cost of attendance for the year and subtract your grant, federal loans and any outside scholarships that you will receive.
|Cost of attendance, 2012-2013||$71,267|
If you think that you will need more funds, please contact the Financial Aid Office and request information concerning a budget adjustment. Loans will only be approved up to the cost of attendance. Students with children should contact the Financial Aid Office for a revised budget. The Law School does not increase budgets for spouse related costs.
After you provide your lender with the required information, they will perform a credit check and, in most cases, will notify you of their decision within minutes. If approved, your lender will prompt you to complete and sign a promissory note for the loan. Following the approval, the lender will contact Hofstra Law for school certification and disbursement information. This accelerated pre-approval process is an excellent opportunity for students to quickly secure information about their eligibility for private loans and for those traveling outside the country during the summer months.
When applying for a private student loan, we recommend that you only work with one lender at a time. Completing simultaneous loan applications will add credit inquiries to your credit report that can, ultimately, reduce your credit score. Please review the enclosed list of lenders carefully, selecting your top pick for submitting a loan application. If your first choice of lenders declines your application and you’ve exhausted all possibilities of obtaining an approval from them (e.g., reapplying with a cosigner), you can, at this point, complete a second loan application with an alternative lender.
You’re eligible to borrow up to the approved budget less any anticipated scholarships and/or Federal Stafford loans. We encourage you to be conservative about the amount you borrow, borrowing only what you need.
It is important that you start a financial aid file. In it, keep your award letter, letters coming from the federal government and all Student Account statements. This should help with taxes and repayment after graduation.
Part or all of a grant, scholarship or fellowship may be taxable even if you do not receive a W-2 form. If you are in a degree program, amounts you use for expenses other than tuition and course-related expenses (e.g., amounts used for room, board and travel) are taxable. To determine this taxable amount, add up all grant, scholarship and fellowship awards received in a calendar year, then subtract all tuition, fees, and book and supply expenses. If the remaining amount is a positive number, it must be reported as income. This amount must also be reported on Worksheet C of your FAFSA. If you are not in a degree program, the full amount of the grant, scholarship or fellowship is taxable.
Yes. Any money received as the result of work (i.e., Work-Study employment, temporary employment on- or off-campus, some fellowships, etc.) is considered taxable income. You will be asked to file a withholding form (W-4) and you will receive a statement of income and taxes withheld form (W-2) each calendar year. Your taxable earnings from need-based employment must also be reported on Worksheet C of your FAFSA. Questions regarding your withholding status should be directed to the University Payroll Office.
Look carefully at your budget and figure out how much you have to spend each month. Add the room and board to the personal costs, then divide it by nine months. This should result in a total of $3,223 per month to cover expenses. If you know that these funds will need to cover you for 12 months, you must budget for $2,418 a month. Find AFFORDABLE housing. Remember that you are a student. The more modest you are now, the less you will need to be once you are a lawyer.
Every budget increase to your Grad PLUS or private loan is unsubsidized. This means that you are accruing interest throughout the year on your loan. A student who borrows $50,000 in private funds over three years at a 6.8% interest rate will have a monthly payment of roughly $800. If you add the federal loans, which will amount to $55,500 with a monthly payment of $600 per month or so, you are looking at paying $1,400 per month after graduation. This is a lot of debt to take on – even for a lawyer!
Our office provides more services than just processing financial aid applications. If you need help understanding your finances, learning money management skills or repairing your credit, you can make an appointment with the financial aid office and get help with these sorts of issues. Our office also provides a session for students who are graduating to prepare them for financial success after law school.
There are a number of websites that can help you investigate financial aid, credit, tax, and other topics, and we have dedicated a portion of our website to assist you in your financial planning.
Students attending Hofstra Law are encouraged to work over the summer to assist with their educational expenses. However, if a student wishes to attend the summer sessions, they must provide their own financial assistance. Stafford Loans, Grad PLUS Loans or student private/alternative loans may be an option. Students are encouraged to notify our office of their intention to attend summer sessions by completing the Summer/Fall Loan Authorization From. The completion of this application does not imply that funds will be available.
Hofstra Law School offers students several opportunities to study abroad while pursuing their J.D. degree. Students wishing to participate in one of Hofstra’s study abroad programs will continue to have their financial aid processed by the Law School Financial Aid Office. Scholarship aid and federal loans will continue uninterrupted.
You may request that your student budget be increased to reflect higher living expenses, the cost of your airfare and additional fees associated with the study abroad program. If you are approved to study abroad, the Office of Student Affairs will send you a letter approving the program. You may submit this letter with a written request to adjust your budget.
Students should take the following steps regarding their financial aid in the semester preceding their participation in a study abroad program:
Please be aware that the Law Financial Aid Office is unable to advance funds for students who are studying abroad. You must follow the same refund policies that are in effect for all other students. In many cases we are unable to process your refund check before you leave the U.S. You should bring sufficient funds to cover your expenses for at least one month.
Students may choose to attend another law school while completing their J.D. at Hofstra Law. The Law Financial Aid Office will continue to process your federal and private loans as long as the Dean’s Office has approved your request to visit another school. The amount of the loans will be adjusted to reflect the host school’s student budget.
Students receiving scholarship aid should be aware that they will not receive their scholarship while they attend another law school. If a student decides to visit another law school and then returns to Hofstra to complete their studies, the scholarship will be reinstated.
Transferring loans to the host school involves the following steps:
Please note: The above steps must be completed for each semester that the student is visiting away. Please be aware that the refund process may be delayed since the consortium agreement must be reviewed by Hofstra University before the loan funds can be forwarded to the host school. You should have enough funds with you for at least a month of expenses in the event that there are delays.
Students who transfer from the part-time to the full-time program are eligible to apply for federal loan funds and private loan funds, just as they could prior to transferring. The primary impact is that the cost of attendance is adjusted to reflect the full-time enrollment status.
As soon as you decide to apply to transfer to Hofstra, please have your FAFSA information submitted to the Hofstra Law Financial Aid Office. The FAFSA should be submitted by the April 1 deadline for grant, scholarship and Work-Study eligibility. Do not return your FAFSA to the Office of Financial Aid. The FAFSA may be completed online at www.fafsa.ed.gov. Be certain to list Hofstra University and include the school code 002732. Do not wait for an offer of admission before submitting the FAFSA. If you delay in submitting the FAFSA and are admitted as a transfer student, there will likely be a delay in receiving your financial aid funds.
After you have been admitted to Hofstra, contact your dean for students and the director of financial aid. These administrators play significant roles to finalize necessary separation paperwork from both the university and lenders.
No, lenders disburse funds to individual schools on behalf of a student. If a student withdraws from the university or transfers to a different university the disbursed funds must be returned to the lender and the student is required to reapply for the loan through the new financial aid office.
Yes, the interest rate on federal loans is the same regardless of the school you attend. However, private loan interest rates could vary.
No. After you have been admitted, write the word "cancel" in huge print on the promissory note and return it to the lender. Contact the lender to explain that you've transferred and will submit at a later date a new application.
Perhaps. It depends on the lender. Please contact the Office of Financial Aid for more information.
Be sure to:
If you have not already done so, be sure to request the Department of Education to forward your student profile to Hofstra by adding Hofstra to your FAFSA. Hofstra's school code is 002732.
After you have been admitted to Hofstra Law, request the financial aid administrator at your current school to cancel all of your loans for that academic year.
If you received a Federal Perkins loan during your first year of law school talk with your current financial aid administrator about deferring repayment.
The Maurice A. Deane School of Law at Hofstra University has developed a procedure for withdrawing from the Law School without completing a program. For more information, please review the withdrawal procedure.
Not immediately. The Federal Direct loan has a grace period of six months and the Federal Perkins loan has a grace period of nine months before repayment begins. Most commercial loan programs also have a nine-month grace period. Federal Direct GradPLUS loans and Federal Direct Consolidation do not have a grace period and repayment begins immediately (however, students may qualify for a deferment or forbearance to temporarily relieve him of his payment responsibility at that time). Therefore, when you take a leave of absence, you may not have to begin to repay your loan until the end of the grace period. If you re-enroll in school at least half-time prior to the end of the loan’s grace period, you will not enter repayment as long as you ensure that your lender knows you have re-enrolled.
Work-Study awards are earned by working for eligible employers and collecting paychecks up to the amount of the award.
As long as FWS program funds are still available and you have remaining financial aid eligibility, Work-Study funds can usually be reinstated.
Before you can begin working, you must first visit the Student Employment Office during their office hours to complete payroll documents. At the end of that session, students will receive authorization indicating the first day the student is eligible to begin employment.
You need to complete and sign a biweekly timesheet for each period worked. An authorized agency representative must then approve and submit the timesheet to the Student Employment Office.
Any student who begins employment without approval from the Student Employment Office will jeopardize the agency's ability to participate in future periods. Furthermore, the agency will be responsible for 100% of the hours worked by the unauthorized participant, not Hofstra’s payroll department.