Typically a SPIF loan is offered only to those students participating in the SPIF program, however due to the COVID-19 pandemic the Student Financial Services Office and SPIF are offering a university loan meant to help all continuing JD students.
The interest rate on the loan is a fixed 5%; those students considered “on financial aid” will be awarded a subsidized (no interest during school) loan and those not on financial aid will be awarded an unsubsidized loan.
*”On financial aid” is defined as being eligible for and receiving at least $20,500 in funding that is certified by the Student Financial Services office for the 2019-2020 academic year. The funding can include (but is not limited to) grants, loans, fellowship, and/or scholarships from outside sources. Federal Work Study, SPIF stipends or grants, and SPIF loans do not count towards the $20,500 threshold.
To request the loan please click here. The Loans will be issued via the standard refund process we use for all financial aid refunds. You must have direct deposit set up in order to receive the loan.
We will be disbursing the loans according to the follow schedule:
Loan Request Submitted By:
|Loan Advance Direct Deposited By:|
|April 28, 2020||
May 1, 2020
|May 12 2020||
May 15, 2020
|May 27, 2020||
June 1, 2020
|June 25, 2020||
July 1, 2020
|July 29, 2020||
August 3, 2020