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How to Apply for Financial Aid
From Pace Law School:
Students who submit their application for admission to Pace Law School are automatically considered for a number of Pace University-sponsored scholarships. Additional application requirements associated with individual scholarships are indicated in their descriptions on the Scholarships page.
- Applicants with financial need will automatically be considered for Pace’s need-based grants when they fill out the Free Application for Federal Student Aid (FAFSA). See below for details.
From the federal government:
- All US citizens and permanent residents applying for need-based aid must complete the Free Application for Federal Student Aid (FAFSA) by February 15th of the year in which you intend to enroll. The FAFSA form can be found online at www.fafsa.ed.gov. Males under the age of 26 are required to register with Selective Service System in order to be eligible for aid. You may sign up or check your registration at www.sss.gov. FAFSA results will determine your eligibility for Stafford and Perkins loans, as well as the Federal Work-Study Program. You may be asked to submit additional information, usually your most recent income tax transcript or a verification form provided by Pace’s Financial Aid Office.
- Graduate PLUS Loan -Graduate and Professional students are eligible to borrow under the Direct PLUS Loan Program up to their Cost of Attendance (COA) minus other estimated financial aid. The 2014-15 FAFSA must be filed prior to applying for this loan. These loans are not guaranteed and are subject to credit approval. Students must exhaust their federal Stafford loan eligibility before applying for a Direct PLUS. The fixed interest rate on the Direct PLUS loan is 7.21% with a 4.292% origination fee. Payment on the Direct PLUS can be deferred until 6 months after the student graduates or falls below half-time enrollment (6 credits).
- Private Education Loans- Private Education Loans are credit-based loans borrowed by the student. It is highly recommended that the student apply with a co-signer to increase their chance of approval and to receive a better interest rate. Many lenders now offer a choice between a fixed-rate loan or a variable interest rate loan. Upon applying, your lender will provide you with necessary information regarding your options. On either type of loan the interest will begin to accrue at time of disbursement. If the student chooses to use an alternative loan, be aware that the process could take as long as 30 days before the lender can disburse the funds to the school. Pace University does not recommend any particular lenders. We will accept and certify a loan from any lender the student chooses. IMPORTANT: New Private Loan regulations now in effect. Click here for more info.