Visit the contact student financial services page for your counselor’s contact information.
No appointment is necessary. Stop by SLU’s office of student financial services in DuBourg Hall, Room 121, any time from 8:30 a.m. to 5 p.m. (Central time), Monday through Friday.
Yes, you can use our cost calculator. The exact cost of attending SLU can vary depending on your program or degree.
Your EFC is a measure of your family's financial strength and indicates how much of your and your family's financial resources could be available to help pay for your education. The EFC is calculated from the information you reported on your FAFSA. The amount you have to pay at any school may be different from your EFC because your EFC is a constant, while costs at each school may vary.
Saint Louis University uses resources from generous donors in addition to state and federal funds to provide you with your financial aid package. While our institutional funds provide a great deal of assistance to our students, our funds are also limited. We strive to distribute our awards to each family equitably and ethically based upon the information given.
Regardless of household income or assets, you will qualify for student loans. We recommend that everyone complete a FAFSA before their first year of school so that we can award the best financial aid package possible. The FAFSA takes many factors into consideration including household size, number in college, asset portfolio and more. In fact, families with more than $200,000 in adjusted gross income have qualified for aid.
No, you may only participate in one federal work-study job. However, you can work a second job on campus; these are known as "student worker" positions. Your work-study job hours are limited by federal law to a maximum of 15 hours per week. As a student worker, your hours are set by the department in which you work. You can search both types at career services.
It is your responsibility to notify student financial services of all outside awards (scholarships, loans, etc). If you receive a scholarship check made out to your name instead of SLU, bring it to our office in DuBourg Hall, Room 121, so that it can be credited your student account. Make sure to include your Banner ID on the check. You can also mail your private scholarship checks to the address below:
Saint Louis University
Office of Student Financial Services
Attn: Scholarship Department
One Grand Boulevard
DuBourg Hall, Room 121
St. Louis, MO 63103
Saint Louis University's FAFSA school code is 002506.
File the FAFSA by the SLU priority deadline of Feb. 1 to maximize your scholarship and grant eligibility.
You do not have to fill out a FAFSA, but we highly recommend doing so. Even families with high income levels can be awarded some type of aid after filing their FAFSA.
Yes. To be considered for aid, the FAFSA must be completed each year.
In the past when filing the Free Application for Federal Student Aid (FAFSA), students used the calendar year that just ended (e.g. in 2016, which begins with fall 2016, the 2015 calendar year is the tax year that was used). For 2017 (beginning with fall 2017) rather than the 2016 tax year, you will use the prior, prior year or 2015 again.
Another advantage is the service the Internal Revenue provides called Data Retrieval. When filing the FAFSA, students may select the Data Retrieval option to provide the answers from the federal tax return. This will both automatically draw the appropriate tax information into the FAFSA populating the fields with the correct corresponding data and cut down on potential corrections, verifications and award adjustments.
- Nov. 1 – Initial scholarship offers begin
- Feb. 1 – Full award letters begin
|If you play to apply for financial aid for ...||Use information from ...||Submit the FAFSA as early as ...||Preferred time frame to file is ...||SLU will begin to award aid on or after ...|
|2016-17 academic year||2015||Jan. 1, 2016||Jan. 1, 2016-March 1, 2016||March 2016|
|2017-18 academic year||2015||Oct. 1, 2016||Oct. 1, 2016-Feb. 1, 2017||Feb. 2017|
|2018-19 academic year||2016||Oct. 1, 2017||Oct. 1, 2017-Feb. 1, 2018||Feb. 2018|
|2019-20 academic year||2017||Oct. 1, 2018||Oct. 1, 2018-Feb. 1, 2019||Feb. 2019|
FAFSA guidelines say you should answer the parent section using information about the household in which have lived most for the 12 months before filing.
If you did not live with one parent more than the other, you should give answers about the parent who provided more financial support during the last 12 months, or the most recent year in which you actually received support from a parent.
The parent with whom you lived or provided more financial support during the last 12 months is identified as the custodial parent, and you will use his or her information on the FAFSA. If the custodial parent is remarried as of the date you are filing your FAFSA, answer the questions using information about your parent and your stepparent.
Verification is an audit process required by the Department of Education. The Department of Education selects FAFSAs to audit for a variety of reasons, some of which include incomplete or inconsistent answers.
The most common student loans are Federal Direct Loans. There also are federal Parent PLUS loans, federal Graduate PLUS loans and private loans.
Federal Direct loan Master Promissory Notes and entrance counseling can be completed at studentloans.gov. SLU will be notified once you have completed your Direct Loans MPN.
Private loans will require the completion of a credit-qualifying application and promissory note. Steps may vary by lender.
Interest rates vary with the type of loan. Specific rates for the 2016-17 school year are displayed below.
- Perkins Loan (Undergraduate) 5.0 percent
- Federal Direct Subsidized Loan (Undergraduate) 5.05 percent
- Federal Direct Unsubsidized Loan (Undergraduate) 5.05 percent
- Parent PLUS Loan (Undergraduate) 7.60 percent
- Federal Direct Unsubsidized Loan (Graduate) 6.60 percent
- Graduate PLUS Loan 7.60 percent
Private loans have fixed and variable rates based either on the prime interest rate or the three-month LIBOR (London Inter-Bank Offer Rate) and the credit scores of the applicants.
- Dependent, Undergraduate: $31,000 (no more than $23,000 of which can be subsidized Federal Direct loans)
- Independent, Undergraduate: $57,500 (no more than $23,000 of which can be subsidized Federal Direct loans)
- Graduate: $138,500 (no more than $65,500 of which can be subsidized Federal Direct loans)
You can use the National Student Loan Data System to review all the federal student loans you have taken out while an undergraduate and/or graduate student. You will need your FSA ID to access this information. To obtain information regarding non-federal loans such as a private loan, contact your loan provider.
- Federal student loans go into repayment six months after you drop below half-time (usually six credit hours for undergraduate and may vary for graduate programs) or graduation.
- Private student loans vary by lender.
- Federal parent loans generally begin repayment 60 days after the final loan disbursement; however, parents may request a deferment (delay in payment) for up to four years. There is no grace period. Interest begins to accumulate at the time the first disbursement is made.
Private loans are an option for financing your college education that are separate from the standard forms of lending from federal and state governments, such as the Federal Direct loans and PLUS loans.
While federal student loans are not credit-qualifying loans but limit borrowing to specific amounts, private loans are credit-qualifying loans requiring a credit-worthy co-signer. Private loans allow you to borrow up to cost of attendance minus your other financial aid.