Apply for Financial Aid

You can afford a graduate
education at the Adler School.

Apply for Financial Aid

Apply for Direct Loans

  1. File your 2010 Federal Tax Return. If you are unsure of your filing requirements, please refer to the IRS Publication #501, Exemptions, Standard Deduction, and Filing Information.
     
  2. File the 2011-2012 Free Application for Federal Student Aid (FAFSA). You’ll need your Department of Education PIN as well as:
  • Social Security Number and Driver's License Number
  • W-2 Forms or any other records of earned income
  • Federal Income Tax Return for the previous year
  • Records of other untaxed income (welfare, Social Security, veteran's benefits, AFDC, TANF, ADC, and military or clergy allowances)
  • Current bank statements and records of other savings and investments such as stocks, bonds, and mutual funds

    Notes
  • Non U.S. Citizens will need their permanent resident card.
  • The Adler School's federal school code is G20681.
  • All graduate students must file as "independent" regardless of the dependency status listed on their federal tax return.
  • All housing is "off campus.”
  • Parents' tax information should not be included.
  • We recommend that you retain a copy of the FAFSA completion confirmation email for future follow up.
  • Failure to meet the completion deadline will delay processing of your financial aid packet and could result in delays to disbursement.
  1. Confirm mailing address. The Office of Financial Aid will mail 2011-2012 financial aid packets to the student address on record. Please check WebAdvisor to confirm we have the correct address and contact the Registrar to make any necessary changes.
     
  2. Update your Student Aid Report (SAR). Once you submit your FAFSA, the Department of Education will send you a SAR for review. If you have missing or incorrect information, make changes immediately. Your completed FAFSA will be sent to us, and we will produce an award letter detailing your Direct Loan and Federal Work Study award. You must complete and return all required forms before we can certify Direct Loans.

    Note: Some students' files will be selected for a process called Verification, either by the Department of Education or by the school. If your file is verified, you will be required to submit a signed copy of your federal tax return and additional forms before an award letter can be produced for you. This step can delay the application process, so we strongly recommend completing the FAFSA early.

Apply for Direct Graduate PLUS Loans

  1. Determine your financial need. If you need assistance, please refer to the “Cost of Attendance Worksheet” in your financial aid packet or on the Moodle site. Moodle also hosts a Term Budget Calculator, which is helpful after the school year has begun to calculate an estimated refund amount and factor in your confirmed work study wages. If you need help calculating your cost of attendance or determining eligibility to take out additional funds for the term, please contact our office for assistance by email or phone (312-662-4150).
     
  2. Calculate 2.5% for loan fees. A loan fee rebate of 1.5% is awarded automatically at origination of the Direct Graduate PLUS loan as an incentive for student borrowers to make qualified payments on time. When you are in repayment, you will make 12 monthly payments on time. If you neglect to do so, the rebate amount will be added to your principal balance. Please refer to the “Cost of Attendance Troubleshooting” sheet if you need assistance calculating loan fees.
     
  3. Complete an electronic master promissory note (e-MPN). Complete this step online. Once you've logged in, select "Complete MPN for Student Loans" and then "Graduate Plus." You will be required to use your FAFSA PIN to complete the eMPN. If you've misplaced your PIN, request a duplicate. Please maintain a copy of your eMPN confirmation email for future follow-up.
     
  4. Submit the completed application to the Office of Financial Aid via fax (312-662-4197) or email.
    The Office of Financial Aid requires both an e-MPN and completed Application for Additional Financial Aid form before we can begin loan certification. Incorrect or missing information entered on either form can delay the loan certification process. Please check your Adler School email account on a regular basis for communication about your loan application.

    If you are expecting a refund check for living expenses, it will be available approximately 4-6 weeks from the date that you have submitted all required materials. If you do not see a refund check within that time frame, please contact Student Accounts Manager, Cynthia Cruz.

Apply for Alternative Loans

  1. Choose a lender for your Alternative Loan.
  2. Determine the application amount. Keep in mind that a refund check cannot exceed the school-determined cost of living, which is $8,860 per term.
  3. Apply for the loan online through Great Lakes website.
  • NOTE: International Students must have a co-signer to apply for Alternative Loans. The co-signer must be a U.S. citizen or permanent resident with an established credit history.
  1. Complete an Alternative Loan Application form and return it to the Office of Financial Aid. This form is available for download on Moodle.
  2. International students and students who are ineligible to receive federal loans must complete Adler School's Institutional Application when they apply for the loan. Students can request this form from the Office of Financial Aid or download a copy from Moodle.


The Office of Student Accounts requires 4-6 weeks to process Alternative Loan applications.