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 to 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 each 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-DSOL’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.

Graduate Federal Loan Programs

In order to receive the Federal Unsubsidized Stafford Loan, students must first start by completing a Free Application for Federal Student Aid (FAFSA) at and listing LMU as a school for the appropriate school year they will be enrolled.  The LMU Federal School Code is 003502 and it is the same for any and all academic programs at LMU.    Below is a description of the Unsubsidized Stafford Loan, as well as other financial options for students to consider.

Unsubsidized Stafford Loans

Unsubsidized Stafford Loans are non-need based loans with a 6.8 percent interest rate and a 1.051 origination fee. Interest accrues during enrollment, grace and deferment periods but does not capitalize until students graduate, withdraw or drop below part-time status.

Graduate and professional students are entitled to receive these unsubsidized loans in the amount of 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 have a fixed interest rate of 7.9 percent and an origination fee of 4.204. 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-DSOL 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 LMU-DSOL financial aid award will be made available to you electronically.  All DSOL students will be assigned a Lincoln Memorial University 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 financial aid 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 at 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-DSOL. You can borrow additional Direct Loans on a single MPN for up to 10 years. You can complete the MPN online here. After completing your MPN, you’ll receive a disclosure statement that gives you specific information about any loan that 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-DSOL can disburse your loan. This helps you to understand your responsibilities regarding your loan. You may complete the counseling here.

Financial Aid and Graduate PLUS Loans

You may have been awarded a Federal Graduate PLUS loan in your award package. Your DSOL 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, someone who agrees to repay the Direct PLUS Loan if you do not repay the loan. 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 by email at

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.

Tuition Payment Plans

LMU-DSOL 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 an Education Payment 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 in the LMU 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.

601 West Summit Hill Drive | Knoxville, TN 37902

865.545.5300 Main Number
423.869.6914 Fax Number
865.545.5303 Admissions

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.