FINANCIAL AID TIPS FOR STUDENTS ENROLLED IN THE THREE SUMMERS CAMPUS & ON-LINE PROGRAMS
In order to be considered for financial aid for Summer 2017, students must complete a 2016-2017 Free Application for Federal Student Aid (FAFSA) online prior to June 30, 2017. To enable timely processing of financial aid, the students are encouraged to submit the FAFSA prior to the start of Summer Session I classes, 6/1/2017.
Students enrolled in the Three Summers Program may be considered for the following types of aid:
Unsubsidized Federal Direct Stafford Loan
Federal Direct Graduate PLUS Loan
Private (Alternative) Loans
Students must be registered for a minimum of five credits during the summer (including Confratute course credits) in order to be considered for summer financial aid.
The maximum amount of financial aid awarded will be determined by a student’s summer cost of attendance budget. The summer cost of attendance budget includes the direct cost for the actual academic credits for which a student is enrolled.
The Confratute Conference Registration Fee ($900-$1,715) will not be included in the cost of attendance budget. However, if students are registering for Confratute for credits, the cost of these actual credits along with estimated room, board, books transportation and miscellaneous expenses will be considered. Please see above for cost information.
After the FAFSA is processed, the student is registered, and all required documentation has been received, the Office of Student Financial Aid Services will notify the student via University email of the availability of his/her financial aid package. In order to secure their financial aid award package, students must access the Student Administration System.
In addition, first-time borrowers of Federal Direct Stafford Loan or Federal Direct Graduate PLUS Loan will be contacted with instructions regarding completion of the Master Promissory Note (MPN) and Loan Entrance Counseling requirements. These requirements must be completed before student loan funds can be applied to the University fee bill as a payment. The deadline for completing the MPN and Entrance Counseling for Summer 2017 is August 12, 2017.
Students enrolled in the Three Summers Program typically enroll for only three (3) credits during the fall and spring semesters. Therefore, these students are not eligible for federal financial aid during the academic year. However, students enrolled for only three (3) credits during a semester may apply for certain private (alternative) loans.
Students enrolled in the Three Summers Program, who plan to enroll for five (5) or more credits during the Fall 2017 or Spring 2018 semester, should complete a 2017-2018 FAFSA as soon as possible. These students may be eligible for Federal Direct Stafford Loan and/or Graduate PLUS Loan funds.