Thomas Goode Jones School of Law - Executive Program
Welcome to the Jones School of Law Executive program and thank you for considering Faulkner University to continue your education! We look forward to helping you with any financial aid needs you may have. I hope the information below gives you a better understanding of your financial aid eligibility and the application process. The estimated cost of tuition and fees, not including books, for the first year is $32,407.50. This total is based on your anticipated first year schedule of 24 hours, nine in the fall, nine in the spring, and six in the summer. The maximum amount of financial aid you can receive is $69,200.00 for the first year (fall, spring, and summer semesters). Financial aid includes all federal aid, scholarships, and other outside aid.
A variety of financing options are available to help students meet the cost of a legal education, including Scholarships awarded by the school, Federal Direct Loans, Private Lenders, Federal Work-Study, and VA benefits.
Federal Student Loans
As an eligible professional student, you are automatically qualified to borrow a maximum of $50,000.00 per award year in a Direct Unsubsidized Loan. All you have to do is complete the 2026/2027 FAFSA and be an eligible student to be approved. The interest rate is set by the Federal government each year; for loans issued on or after July 1, 2026, and before July 1, 2027, the interest rate will be 8.07% for the life of the loan. There is a 1.057% origination fee charged by the U.S. Department of Education on all Direct Unsubsidized Loans, which is deducted before disbursement. The borrower should expect to receive 1.057% less money than he or she asked to borrow.
Private Student Loans
In addition to the Federal Direct education loans, there are Private education loans available through lending institutions. Since the maximum available to borrow in federal student loans is not enough to cover the maximum amount of financial aid, private loans may be a good option to make up the difference. These loans are independent from the federal government, and interest rates and repayment terms are set by the lending institution and will depend on your creditworthiness. Just as with the federal loans, private loans require that the school certify your cost of attendance and academic eligibility as an enrolling or continuing student. To borrow private loan funds, apply directly with the lender of your choice. The two most used lenders by our students last year were Sallie Mae (salliemae.com) and College Ave (collegeave.com). However, there are many to choose from, and we encourage you to do your own research and comparisons.
Please note that a student can combine the two types of loans and borrow from both sources if that works best for them.
What to Do Next
Based on your anticipated schedule, the estimated cost of tuition and fees for the first year (fall, spring, and summer semesters) is $32,407.50, not including books. The maximum you can borrow for the year is $69,200.00. However, a loan request of $32,820.00 should be enough to cover the estimated cost of tuition and fees plus the loan origination fee charged by the Department of Education.
- If you intend to borrow, click on the link below for the loan information sheet and complete the form to let us know how much you will borrow for the entire year.
https://www.faulkner.edu/forms/student-loan-information-sheet/
- If you choose federal student loans, make sure you have completed the Entrance Counseling and signed a Master Promissory Note for the Direct unsubsidized loan. You can go to studentaid.gov to complete these items. If you borrowed previously at the undergraduate level, you may already have completed these items.
Entrance Counseling | Federal Student Aid
Completing a Master Promissory Note | Federal Student Aid
- Additionally, the Department of Education requires we receive permission from you to send the summary of financial aid, once the aid is processed, via your Faulkner email. Otherwise, it will be mailed to the address we have for you in our system. The link for the form granting permission is below:
Financial Aid Award Notification
- If you choose private loans, you will follow the directions on the website of the lender you choose.