Law Students FAQ
How do I apply for need-based aid?
Complete the Free Application for Federal Student Aid. We recommend that prospective students file this form by March 1, 2008; currrent students should file by May 15, 2008.
How do I apply for merit scholarships?
All prospective students are considered for the John Marshall Scholarships.
Richmond participates in the Federal Direct Loan program. Students who need to borrow additional funds may choose to borrow from the Direct Grad PLUS Loan or an Alternative Loan program. We recommend that loan applications be submitted at least six weeks prior to the start of the term in order for funds to be available by the time classes begin.
How much financial aid can I get?
The total of all grants, scholarships and loans cannot exceed the Cost of Attendance as established by the Financial Aid Office.
Do I have to re-apply for financial aid every year?
Yes, you must re-submit the Free Application for Federal Student Aid and loan applications each year. John Marshall Scholarships are typically renewed per the terms of the scholarship.
How will I receive my financial aid?
All financial aid except Federal Work Study is credited directly to the student’s account, at the beginning of the term, once the student has submitted all required forms and met all requirements for the aid. Aid for the academic year is split evenly between fall and spring terms. If the amount of financial aid exceeds your billable charges at Richmond, then you are eligible for a refund. The Student Accounts Office will automatically generate a refund for a credit balance caused by Federal financial aid within fourteen days of the actual disbursement date. Any other credit balances will remain on your account unless you request a refund from the Student Accounts Office.
Federal Work Study funds are paid in a bi-weekly pay check. The actual amount earned is based on the number of hours worked and the wage rate for the job.
Is financial aid available for summer term?
Yes. Federal Direct Loans are available for summer term if you enroll for three or more credit hours. The amount borrowed for summer will reduce the amount of Federal Direct Loan available to you for the fall and spring terms. If you plan to enroll for summer term, you should complete your Free Application for Federal Student Aid and submit your Summer Federal Direct Loan application no later than March 1.