Financial Aid

Your education is one of the most important investments you will ever make. Our goal is to provide a comprehensive system of financial services and help you become an informed borrower and student.

This site provides basic information about financial aid application procedures, loans, scholarships, and other web resources. It is a student’s responsibility to become familiar with the information in the Student Handbook. While we have made every effort to provide complete, up-to-date information, LMU Law’s Office of Financial Aid does not accept responsibility for any omissions and reserves the right to make changes at any time due to changes in federal, state or institutional regulations or policies.

Access Assist

Lincoln Memorial University’s Duncan School of Law is proud to work with Access Assist, a complimentary service offered by Access Group.*

Access Assist is a personal-touch student loan repayment information center designed to provide timely and accurate information to ensure recent graduates and 3Ls have the right information at the right time to make the right decision. You can contact Access Assist with questions on the various and often-complex repayment plans available, have a one-on-one conversation as to the nuances of those plans, and take away timely and accurate information that will enable you to make well-informed decisions about repayment.

Access Assist representatives may be reached by live chat or email via or by calling toll-free at 1-844-755-HELP (4357). Access Assist representatives are available between the hours of 10:00 a.m. to 6:30 p.m. Eastern Time, Monday through Friday.

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*Access Group, Inc., a nonprofit membership organization of 199 ABA-approved law schools, works to further access, affordability and the value of legal education through research, policy advocacy, direct member and student educational services, and student financing options. Access Group understands what new law graduates face when they prepare to leave school and manage their many responsibilities, and repaying what may be a substantial student loan debt. It is imperative that graduate and professional students have a place to find unbiased, timely and accurate information about how to prepare for and engage in meeting their student loan obligations and Access Group is here to assist.

Graduate Federal Loan Programs

In order to receive federal aid, students must complete a Free Application for Federal Student Aid (FAFSA) and list LMU as a school for the appropriate school year they will be enrolled.  The Federal School Code for LMU is 003502, and it is the same for any and all academic programs at LMU.

Unsubsidized Stafford Loans

Unsubsidized Stafford Loans are non-need-based loans. Interest rates for loans disbursed after July 1, 2014, and before July 1, 2015 are 6.21%. There is also a loan fee of 1.072%-1.073%. Interest accrues during enrollment as well as grace and deferment periods but does not capitalize until students graduate, withdraw or drop below part-time status.

Graduate and professional students can receive up to $20,500 per year unless they have met their aggregate limit on loans. This limit is $138,500, and includes all subsidized and unsubsidized Stafford Loans borrowed for undergraduate or graduate studies.

Graduate PLUS Loans

Federal Graduate PLUS Loans disbursed after July 1, 2014, and before July 1, 2015 have a fixed interest rate of 7.21% and an origination fee of 4.288% to 4.292%. The maximum amount a student may borrow per academic year is the cost of attendance minus any other financial aid received for that same academic period. For instance, if attending LMU Law costs $49,000 per academic year and a student already has $20,500 in Stafford Loans, a student is eligible for $28,500 in Graduate PLUS Loans.

Interest accrues from the time funds are disbursed. Repayment begins within 60 days of disbursement, but you may request deferment as long as you are at least a part-time student. Interest will accrue during the deferment period.

A credit check is required for Graduate PLUS Loans. You may be denied if your credit is poor. If you are denied, you may reapply with a credit-worthy cosigner.

Financial Aid Disbursement

Your financial aid award will be made available electronically.  All LMU Law students will be assigned a school email address when they are admitted. You must set up an LMU Pathway account in order to access your email and financial aid award. Notification of your award will be sent to your LMU email account when the award is available.

The award will be processed at the maximum award amounts possible for the academic year. Please review your award carefully and accept or decline each semester’s aid. If you wish to lower any amount, please contact the Office Financial Aid for assistance.

Financial Aid and Stafford Loans

If you are accepting Federal Direct Stafford loans for the first time, you must complete the steps below for a Federal Stafford Loan entrance interview and Master Promissory Note.

Master Promissory Note

The MPN is a legal document in which you promise to repay your loans and any accrued interest and fees. It also explains the terms and conditions of your loans. To complete an MPN online, you will be required to use your Department of Education-issued PIN used for the FAFSA.  If you do not remember your PIN, you may request a duplicate here. Once you’ve submitted the MPN and it’s been accepted, you likely won’t have to complete a new MPN for future loans you receive at LMU Law. You can borrow additional Direct Loans on a single MPN for up to 10 years. After completing your MPN, you’ll receive a disclosure statement that gives you specific information about any loan the school plans to disburse under your MPN, including the loan amount, fees, and expected disbursement dates and amounts.

Entrance Counseling

You must also complete entrance counseling before LMU Law can disburse your loan. This helps you to understand your responsibilities regarding your loan.

Financial Aid and Graduate PLUS Loans

You may have been awarded a Federal Graduate PLUS loan in your LMU Law award package. Your award is not a guarantee of a loan, only an acknowledgement of the amount you are eligible to borrow toward your law degree for that academic year.

The Federal Graduate PLUS loan program is credit-based. This means that you can apply for the loan but the approval is contingent upon a credit review. You may be required to obtain a co-signer or endorser who agrees to repay the Direct PLUS Loan if you do not repay. If you wish to receive a Graduate PLUS loan, complete a credit application with Direct Loans here and obtain approval for the amount you wish to borrow each year. Each year when you apply for a Direct PLUS Loan, the Department will check your credit history.

If you have any questions, please contact the Office of Financial Aid at 423.869.6336 or

Obtaining a Credit Report

If you would like to review your credit prior to applying for a Federal Graduate PLUS loan, you may obtain a free credit report every year from each of the major credit reporting agencies. Free credit reports can be obtained here.

Credit criteria used to approve or deny Federal Graduate PLUS loans can include:

  • presence of negative credit
  • bankruptcies, foreclosures, repossessions, charge-offs or open judgments
  • prior educational loan defaults unless paid in full
  • excessive past-due accounts, delinquent consumer loans or revolving charge accounts

The three credit reporting agencies, Experian®, Equifax® and TransUnion®, all have basically the same information. We do not recommend you check all three agencies at the same time. Check one, then check another in three or four months, then check the third three or four months later. Continue checking them at intervals of three or four months so you always know what is on your credit report.

Satisfactory Academic Progress

In order to remain eligible for financial aid, a student must successfully complete 67% of the credits attempted within an academic term and remain in good standing as described in the Student Handbook § XV.A.1. Assuming a student is in good standing, a student who completes 67% of the credits attempted within an academic term shall be deemed to have made satisfactory academic progress. Failure to make satisfactory academic progress could result in financial aid warning or suspension of financial aid.

A student who has failed to remain in good standing or fails to make satisfactory academic progress will be placed on financial aid warning for the next consecutive term in which the student is enrolled. Financial aid eligibility will not be suspended during the initial warning semester; however, failure to achieve or remain in good standing or to make satisfactory progress by the end of the warning semester will result in a loss of eligibility to receive financial aid for any subsequent academic terms.

A student who has been dismissed from LMU Law is not eligible to file an appeal seeking reconsideration of their financial aid status until a petition for readmission has been granted by the Academic Standards Committee. An appeal of a decision regarding financial aid may be filed with the LMU Law Financial Aid Coordinator. The Financial Aid Coordinator will forward the appeal to the LMU Financial Aid Appeals Committee. In the event that the Financial Aid Appeals Committee, from a review of the records, does not summarily reinstate the student’s financial aid eligibility, a hearing will be scheduled with reasonable notice to the student to attend and present evidence and testimony.

Tuition Payment Plans

LMU Law participates in the Tuition Management Systems Payment Plan. Students who wish to make monthly payments for a portion or all of their tuition and fees may choose to participate in the plan. For more information on payment options or to enroll in the Interest-Free Monthly Payment Option, visit the TMS website or call 800.722.4867 to speak with a counselor.

Code of Conduct

Lincoln Memorial University’s officers, employees, and agents must comply with LMU’s Employee Code of Conduct and the National Association of Student Financial Aid Administrator’s Statement of Ethical Principles and Code of Conduct for Institutional Financial Aid Professionals.

Under LMU’s Employee Code of Conduct:

  • No staff member shall accept any gift worth more than $10 from a representative of a student loan provider. The Department of Education has defined “gift” as “Any gratuity, favor, discount, entertainment, hospitality, loan or other item valued at more than the amount listed above. The term includes services, transportation, lodging, or meals, whether provided in kind, by purchase of a ticket, payment in advance, or by reimbursement.”
  • Staff can participate in meals, refreshments, and receptions in conjunction with professional association meetings, trainings, or conference events open to all attendees.
  • Staff members are free to pursue part-time employment outside of their scheduled workday. However, any staff member who is approached by a lender with an offer for supplemental employment will provide full written details to his/her supervisor.
  • Staff members cannot accept supplemental employment with lenders that creates any potential conflict of interest with the operations of the LMU Financial Aid Office.
  • Staff members shall not accept any remuneration or expense-reimbursement for serving as a member of a lender’s advisory board.
  • All staff members will tell their immediate supervisor if an assigned task could create a perceived or real conflict of interest in the eyes of the public.

Staff members who knowingly fail to follow these guidelines will be subject to disciplinary action.

Lincoln Memorial University issues federal Stafford Loans through the Department of Education’s William D. Ford Direct Loan program only. Therefore, LMU does not have a preferred lender list. In addition, LMU does not have a revenue-sharing arrangement with any student loan provider. These agreements are prohibited.

Lender account representatives are not permitted to work within the Financial Aid Office or pass themselves off as employees of LMU.

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865.545.5300 Main Number
423.869.6914 Fax Number
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Lincoln Memorial University

Accreditation Statement
Lincoln Memorial University - John J. Duncan, Jr. School of Law (LMU-DSOL) is provisionally accredited
by the American Bar Association. The earliest LMU-DSOL may apply for ABA full accreditation is December 2016.

Questions concerning ABA accreditation may be directed to:
Section of Legal Education and Admissions to the Bar
American Bar Association
321 N. Clark Street, 21st Floor
Chicago, IL 60654
Phone: 312.988.6738

American Bar Association FAQ Website

Additionally, Lincoln Memorial University - Duncan School of Law is approved by the Tennessee Board of Law Examiners.