On Monday, April 23, 2012, many of you received an email notifying you that your 2012-13 financial aid offer is now available on MyFinAid, with instructions on how to access the information.

Unfortunately, the campus released this information in error earlier than scheduled. For many, merit or gift aid has not yet been calculated and the offers on MyFinAid are incomplete.

The law school financial aid office is working to repackage financial aid offers to include the missing awards. The updates will be made over the next week to two weeks. If your financial aid offer is adjusted, you will receive an email from the campus letting you know a change has been made to your financial aid package and to review your offer online at MyFinAid.

In addition, all students receiving a message that they are missing the “Grad/Professional Status Certification” in the “missing documents” section of their MyFinAid should ignore the message. This is an error the campus financial aid office is working to correct.

After logging in, click on the individual loan number to access detailed information such as the “scheduled start of repayment” date and the servicer / lender contact information. The most common servicers for Boalt students are Direct Loan Servicing (ACS) and Department of Education (Pheaa). Regularly updated contact information for each servicer can be found on the Department of Education’s studentaid.ed.gov.

Some Boalt graduates reported that their federal student loans were transferred from Direct Loan Servicing (ACS) to another servicing provider without any notice or access information. The NSLDS website is the best place to find the new servicer’s information.

We recommend that ALL students who have borrowed Graduate Plus loans view their loan record online at www.nslds.ed.gov. If Direct Loan (ACS) is your servicer and you find that your recent GradPlus loan(s) are in repayment, contact the ACS customer service center immediately at 1-800-848-0979. Ask to have the loan placed into forbearance until your graduation date and confirm your current address. It can take up to 7-20 days for the the request to be processed. For those of you who have had early payments deducted from your accounts, request that you be reimbursed. We are told it can take up to 6 weeks for the reimbursement to be processed.

If you find your interaction with the customer service representative unhelpful, ask to speak to a supervisor. Should you find that unhelpful as well, contact our office and we will contact them on your behalf.

Finally, we recommend that you report your loan servicing problem with ACS to the Consumer Financial Protections Bureau at 1-855-411-2372. We are hoping that enough students will submit a complaint with the CFPB to expedite the system-wide fix.

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Law Degree Economics:

How Federal Legislation Has Improved the Economic Value of A Law Degree

Learn what steps you need to take in order to position your debt, tax filing and finances to fully realize the benefits of these pivotal statutory student loan changes.

Thursday, April 12

100 Boalt Hall

2:00-3:00pm

Presented by Jason DiLorenzo

• An examination of escalating debt levels’ effect in eroding a Law degree’s financial value and how recent events have reversed this trend markedly.

• The steps you need to take in order to maximize the benefits of these programs and to mitigate the costs of your debt.

• Inherent conflicts of interest and common mistakes people make while navigating these programs and other financial matters.

• Q & A to follow

Students who submitted their FAFSA (and Supplemental Application if applying for grants) by the deadline should now be able to see their financial aid offer through the online campus system MyFinAid. Need-based aid applications received after the deadline are processed on a first-come first-served basis as funds remain available.

If eligible for aid, your financial aid package is expected to contain loan information and any need-based grant award you have been offered.

If you don’t see any loans on your offer (and you meet eligibility guidelines), have an otherwise incomplete file, or if you believe there is an error on your offer, we encourage you to contact us at financial-aid@law.berkeley.edu.

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Scholarship awards are currently being determined by the Admissions scholarship committee and are most likely not listed on your financial aid package yet. Students who are awarded scholarships will be notified directly by the committee by phone or e-mail. Scholarship awarding is an ongoing process and you are still in the running unless otherwise notified.

If you included a deadline on your matching scholarship application, it has been noted and we will make every effort to notify you of a decision prior to you deadline at the other school. Please note, however, that ours is a thorough and holistic review process which cannot always be expedited based on the response deadline of another law school. Questions about scholarships should be directed to the Admissions Office at admissions@law.berkeley.edu.

Continuing students will have initial financial aid offers for 2012-13 available to them at the beginning of May. As with entering students, initial offers will contain loan eligibility and any need-based grant eligibility. Please note: If you haven’t already completed Expected Summer Earnings (ESE) form, you must do so by April 15 to be considered for the need-based grant.

Students who will be 2Ls or 3Ls next year who are applying for Need-Based Grants will also need to submit their Expected Summer Earnings Statement to the Financial Aid Office by April 15, 2012 (and later the Confirmed Summer Earnings Statement). Entering 1Ls do not need to complete these two forms this year.

For more info, see the grant instructions.

Applications must be postmarked by March 2, 2012.

Interested students are invited to attend the program reception on February 15.

For more information and to download the application, please visit the firm’s website.

If you will be in the U.S. on an F1 or F2 student visa, a J1 or J2 exchange visa or a G series visa, you can select “No, I am not a citizen or eligible noncitizen.” You will not be eligible for federal student aid; however, you should still complete the application because you may be eligible for institutional aid.

The application and more information are available for you to download from the California Bar Foundation’s web site www.calbarfoundation.org/programs/scholarships/rosenthal.html.

Because each school can nominate a maximum of four applicants for the Rosenthal Bar Exam Scholarship, applications will need to be submitted to the law school’s Financial Aid Office no later than 5:00 P.M., Wednesday, January 25.

Please submit your application via e-mail to financial-aid@law.berkeley.edu as a single PDF document, though recommendations may come directly from the recommender.

The law school will certify and submit the nominees’ actual or anticipated graduation date, good ethical standing, and financial need with the nominees’ packet.

For additional information, please contact Jasmine Guillory, Program Director, at 415-856-0780 ext. 302 or by e-mail to jguillory@calbarfoundation.org