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This information found on this page and on the related links you will find within this page have not yet been updated for the 2013-2014 year. Typically this step does not begin until late summer for the academic year which follows. Once we have updated all of the information on this page for 2013-2014 (in August 2013), we will send you an email directing you to review and take any of the necessary actions required on this step. Until then, you can still read over the 2012-2013 information found here to get a broad overview of this step in the process. As always, please feel free to contact us with any questions you might have.
Every year Student Financial Services conducts a fall review process to finalize student contributions and financial aid awards. The information provided during this process (and outlined below) will be used in our determination of your final financial aid award and final LIPP Eligible borrowing amount for the 2012-2013 year.
During Step 5, you will complete ALL of the remaining documents listed on the "Documents" tab of My HLS Financial Aid. The information provided below will help you understand what is expected of you to complete this step. The deadline to submit all of the remaining documents listed as required in your customized documents list, and to complete the e-signing process for all required loan promissory notes, is Monday, September 10, 2012 at 5PM. You will receive emails as web forms and promissory notes become available for you to complete/submit, as well as reminders about the deadline.
The fall review process timeline is as follows:
Note to returning students who have applied as temporary loan only and to entering students whose initial award was estimated based only on their Need Access data: In order for us to finalize your award you will need to submit all remaining parental information. We realize that many parents will not complete their tax forms until the October 15 tax extension deadline and therefore you will not be able to submit any outstanding parent tax data until then. Please complete all other items by the September 10th deadline and then follow up with any remaining parent items immediately after the October 15th filing deadline. We will be contacting all students in these categories directly to outline what is expected in more detail.
The following is a list of documents that you may see on your "Documents" tab. Please refer to your actual list of required documents by logging in to "My HLS Financial Aid". ALL documents listed on your Documents tab must be "Received" or "Waived" by September 10th.
This form is REQUIRED from ALL financial aid recipients, including those receiving only loans and/or those who did not work over the summer. The information provided on this form is used to finalize our determination of your student contribution with regard to financial aid for the 2012-2013 academic year. This, in turn, allows us to finalize both your grant eligibility (if you are receiving grant) and any potential future eligibility for loan repayment assistance from LIPP.
When completing this form, please note the following definitions of "Summer":
To substantiate the summer income information you will provide on the Summer Update Web Form (listed above) the following income documentation is also required:
Returning and Transfer Students - All returning/continuing students and new transfer students must submit hard copies of their FINAL paystub(s) from ALL summer employers directly to HLS Student Financial Services. The final pay stub(s) must clearly display total gross earnings from each employer. If for some reason the final pay stub(s) is not obtainable, you will need to get a letter on company letterhead directly from the corresponding employer (or your supervisor). This letter must provide the dates of your employment, the number of full-time weeks you worked, and the amount of your total gross compensation. Students doing volunteer work must also, in lieu of a pay stub, submit a letter on company letterhead from each employer (or supervisor). The letter must clearly state the dates of your employment, the number of full-time weeks you worked and the fact that your work was unpaid.
Entering Students (with income greater than $10,000) - All entering 1Ls who earned income in excess of $10,000 during the summer of 2012 must comply with the same income documentation/pay stub requirements as outlined above for returning and transfer students. In addition, those entering students who have been working a full time job that continues into the summer of 2012 should be sure to also annotate their documentation in a way that clarifies which portion of any year-to-date earnings was earned prior to June 1st versus after June 1st. This can be done by attaching a note to the paystub with the specifics of the breakdown.
Entering Students (with income less than $10,000) - All new entering 1Ls whose earned income was less than $10,000 during the summer of 2012 are generally NOT required to submit summer income documentation or pay stubs since their income is, in most cases, not substantial enough to impact their aid. However, this is not an absolute. SFS reserves the right to require entering students to document their summer earnings reported on this form with a paystub or letter from an employer. If it is determined that we need this documentation, a member of the HLS Student Financial Services staff will contact you directly via email.
SPIF Recipients (Returning Students Only) - Returning/continuing students who were awarded money from the HLS Summer Funding Program do not need to provide income documentation of their SPIF award as we have access to this data in our summer funding records. However, SPIF recipients who also received income directly from their employer in conjunction with their SPIF award or SPIF recipients who split their summers working between SPIF-eligible employment and some other type of non-SPIF employment must submit a final pay stub(s) for all non-SPIF employment/income held/received throughout the summer.
All of these loan programs generally require you to e-sign a master promissory note only once for all three years of borrowing that you may do in these programs. Your "Documents" tab will list which promissory notes you are required to complete, please refer to the statuses below to determine what you need to do.
Loan Promissory Note Document Statuses listed on "My HLS Financial Aid"
To determine if you need to e-sign a promissory note for any of these loans, proceed to the "Documents" tab in "My HLS Financial Aid." You can find the status listed next to each loan promissory note which appears on your individualized document list. Below is the key which tells you what each document status means and outlines any action that is associated with that given status.
Links to E-Signing Instructions by Loan Program
Federal and American Bar Association regulations as well as HLS policy require that all entering students, transfer students and first-time aid applicants complete financial aid entrance counseling at the start of enrollment or when they receive Federal aid for the first time as a student at HLS. To fulfill this requirement you will need to log in to the federal entrance counseling form using your FAFSA login and pin information via the link below. Once you have successfully logged in, you will see a list of options both on the left hand side and the center of the page. Click on the “Complete Entrance Counseling” link and be sure to go through the entire form before you log out. You will receive a success page at the end and we will receive your completion notification with 48 hours.
We ask that all new students complete this form, even if it is the case that you currently are not receiving funds through one of the federal loan programs. This will allow us to process any future loan applications and disburse the funds immediately instead of waiting for you to complete Entrance Counseling at a later date.Direct Loan Entrance Counseling
The HLS Restricted Funding Form is a web form required for all HLS need-based aid recipients. We use the information collected here to allocate our restricted funds according to a particular donor's intended preferences. Your responses to the following questions will have no impact on your grant/loan eligibility status or the actual amount of assistance you have been awarded.Restricted Funding Web Form
All grant recipients each year are required to borrow a minimum of the base loan, which for 2012-2013 is set at $42,200. For domestic students the base loan is made up of a $20,500 Federal Direct Stafford Loan, a $2500 Perkins Loan, a $3500 HLS Unsubsidized Loan, and a $15,700 required supplemental loan. For international students the base loan is made up of $24,000 in Unsubsidized HLS Loan, $2,500 in Subsidized HLS Loans (to mimic the federal loans) and a $15,700 required supplemental loan. In order to remain eligible for the grant, students must apply for the required supplemental loan through a lender of their choice before we can finalize their aid. Once you submit a loan application we will automatically remove this document from your required list.
Any other documents listed on the "Documents" tab must be completed prior to the deadline. This includes, but is not limited to:
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