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This web form is used to collect data about student's financial resources, including both income and assets.
Although government regulations specify that student eligibility for federal funds be based on the previous tax year information, we base eligibility for institutional funds on a more accurate "projected year" analysis based on your income in the current year. The Law School's projected-year analysis uses the twelve month period running from the summer immediately proceeding the academic year for which the student is seeking assistance through the end of the 9-month academic year. In this way we can base the calculation of your student contribution from income on only your summer earnings. Summer is defined as follows:
HLS Student Financial Services uses a base line asset calculation determined by using the amount of personal assets the student reports at the time of their first application for financial aid. The Student Asset Web Form is the form used to collect all of this base line data from any student at HLS applying for aid for their first time. In addition, if you get married at any time during your studies at HLS we will ask you to submit the Student Spouse/Dependent(s) Web Form so that we can re-set your asset base line with asset data which reflects assets held by both you and your prospective spouse.
After we collect your asset data via this form and set your base line you will not be asked to re-report assets unless you realize an increase of more than $3,000 at any point during your time here at HLS. Savings from summer earnings and/or savings which result from leftover financial aid do not count towards this $3000 increase threshold. Summer income factors into our determination of your eligibility for aid in a different way and aid received is just that - aid - and not an asset increase. If you have an increase greater than $3000 it is your ethical responsibility to let us know by contacting your financial aid officer and/or submitting the Appeal/Change of Status Web Form with your updated information.
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