Summer 2009 Financial Aid Instructions

Instructions:

Available Aid Programs

Dependent
Freshman $5,500 ($3,500 max Subsidized, $2,000 Unsubsidized)
Sophomores $6,500 ($4,500 max Subsidized, $2,000 Unsubsidized)
Juniors and seniors $7,500 ($5,500 max Subsidized, $2,000 Unsubsidized)

Independent
Freshman $9,500 ($3,500 max Subsidized, $6,000 Unsubsidized)
Sophomores $10,500 ($4,500 max Subsidized, $6,000 Unsubsidized)
Juniors and seniors $12,500 ($5,500 max Subsidized, $6,000 Unsubsidized)
Graduates $20,500 (maximum $8,500 Subsidized)

 Total Aid (Grant + Loan) can Not exceed the cost of attendance.

**To determine maximum eligibility for dependent or independent Unsubsidized Stafford Loan, the amount received from a Subsidized Stafford Loan will be subtracted from the maximum loan limit for your grade level.

 


Disbursement of Federal Pell Grant
Disbursement of the Pell Grant occurs no earlier than 7 days before the first day of class for each term. Grants are applied as credit on your university student account.

Disbursement of Other Grants and Scholarships
Disbursement occurs no earlier than 7 days before the first day of class for each term. Grants and scholarships are applied as credit on your university student account.

Disbursement of Student Loan Proceeds
In order to receive a loan for summer, you must enroll for a total of six credit hours in any combination of Summer sessions. If you enroll in 3 hours in the first four weeks and 3 hours in the second four weeks, your disbursement of loan funds will occur at the beginning of the first four weeks. In the event that your enrollment drops below half-time status, your Summer loan will be canceled, and you will be responsible for 100% of the Summer loan and University charges to your student account. You must contact the Office of Student Financial Aid before making any changes to your enrollment.

Other Requirements
In order to receive aid from any of these programs, you must meet all eligibility requirements defined by program guidelines and federal regulations.

 

Please Note: If your enrollment is below 6 hours (Total Summer Hours), you are not eligible for loans, and your grants may be revised or canceled.