2005-2006 Financial Aid

Study Abroad

Villanova Law School students who wish to participate in a Study Abroad Program either for summer or part of the regular academic year must first obtain approval from the appropriate administrator: JD students must contact the Associate Dean for Academic Affairs, JD/MBA students enrolling for MBA credits must contact the Director of the JD/MBA Program and graduate tax students must contact the Director of the Graduate Tax Program. If financial aid is needed to fund the study abroad program, a Study Abroad Information Form must be completed and returned to the Office of Financial Aid so that a consortium agreement between the two institutions can be prepared. All financial aid will be processed by the Villanova Law School Office of Financial Aid.

Summer Study Abroad

The costs for the summer will be determined by the host institution; the costs for the fall/spring term will be determined by Villanova Law School. Federal Stafford Loans will be processed for the summer/fall/spring terms with equal disbursements for each semester as required by federal regulations. If a student's costs for summer are greater than the summer disbursement of the Federal Stafford Loan, additional funds may be borrowed through a private alternative loan program. Private loan funds may be disbursed in unequal disbursements if necessary. If costs for summer are less than the summer disbursement of the Federal Stafford Loan, it is the student's responsibility to save anything over and above the costs for summer to use for expenses during the regular academic year. The summer costs can be viewed on Novasis.

Study Abroad during the Fall/Spring Term

The costs will be determined by the host institution for attendance at that institution and by Villanova Law School for attendance at this institution. Federal Stafford Loans will be processed for the fall/spring semesters and disbursed in two equal disbursements as usual. Any private alternative loan for the fall/spring may be disbursed in unequal disbursements if necessary. The amount of aid for the semester abroad cannot exceed the cost of the study abroad program; this amount can be viewed on Novasis.

Disbursements

Under most circumstances, the disbursement for the study abroad semester can come by check made payable only to the student and sent directly to the student. These checks may be requested approximately 30 days before the first day of classes. It is then the student’s responsibility to pay the host institution for the appropriate costs for the study abroad program.

If, however, the lender is unable to accommodate this request, disbursements will probably come by EFT. Unfortunately EFT disbursements can only be requested 13 days before the first day of classes and cannot be credited to your account earlier than 10 days before the first day of classes. Thus the student must be prepared to cover all costs until the loan funds are received and refunded. When funds come by EFT they have to be first credited to the student’s account and then a refund is made to the student. The refunds can either be direct deposited into the student’s personal bank account if the student has enrolled for this service or a check can be mailed to the student.

The disbursements for the semester(s) in attendance at Villanova Law School will be disbursed and refunded in the usual manner (see Disbursement Info).

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