TuitionParalegal, LNC, and LCP ProgramsCosts per Program
Students pursuing a Paralegal or a Legal Nurse Consultant (LNC) professional certificate may qualify for federal financial aid. Effective December 18, 2015, the LCP program students are not eligible for financial aid.
To apply for federal financial aid, students will need to complete the 2015-2016 Free Application for Federal Student Aid (FAFSA). The FAFSA is available on-line at www.fafsa.ed.gov. When completing the FAFSA, the applicant will be required to enter the federal code for their institution. Capital University's federal code is 003023. There is not a branch code associated with the law school campus. The six-digit code should be used for all programs offered through Capital University. Students enrolled in Capital's certificate programs qualify for the Federal Unsubsidized Stafford Loan and may also qualify for the Federal Graduate PLUS Loan. Total loan eligibility is determined by the total cost of attendance.
Once a student’s information has been processed by the Department of Education and received by Capital University, they will receive a packet from the Financial Aid Office detailing their Federal loan eligibility. The packet will also provide instructions for how to apply for loans for which they qualify. The maximum amount of Federal Stafford Loan eligibility a student can receive in Capital's certificate programs is $20,500.
Federal Direct Stafford Loan Program The William D. Ford Federal Stafford Loan Program provides low-interest loans to students to assist with educational expenses. The Stafford Loan Program is federally guaranteed, which means a borrower does not need to pass a credit check to obtain funding through this program. There are three (3) minimum criteria that a student must meet to receive the Stafford Loan:
If you meet these minimum criteria, you are eligible to borrow through the Stafford Loan Program. As of July 1, 2012 only unsubsidized loans are available to graduate students under the Federal Direct Stafford Loan Program.
Unsubsidized Stafford Loans are not based on financial need. These loans will begin to accrue interest once disbursed; however, the student is not required to make payments on the loan (principle or interest) until he or she graduates or withdraws from their program of study. The interest rates on the Federal Stafford Loans are determined by the federal government and are the same for all students. Currently the interest rate is 5.84%.
Federal Direct Graduate PLUS Loans: Graduate and professional students have the option of borrowing through the Graduate PLUS program to cover any remaining educational expenses. The borrower does have to pass a credit check to qualify. These loans will begin to accrue interest once disbursed; however, the student is not required to make payments on the loan (principle or interest) until he or she graduates or withdraws from their program of study. The current interest rate for the Graduate PLUS loan is 6.84%.Students have the option of borrowing Federal Loans in excess of the amount of tuition. If students opt to do this, they may choose to receive any overage in the form of a refund check to use for books, living expenses, or any additional cost associated with their education. If a refund is not requested, the funds will remain on the account as a credit balance which can then be used to cover costs of subsequent semesters.
The Financial Aid Office is here to assist students with questions along the way. Please feel free to contact us.
Capital University Law School Financial Aid Office 303 East Broad Street Columbus, Ohio 43215 (614) 236-6350 8:30 AM - 6:00 PM (M-F) email@example.com
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