Financial Aid to pay for summer classes is very limited. Following is the primary aid available for the summer 2012 semester:
Pell Grants
If you are Pell eligible, you will only have Pell Grant funding for summer if you have not used 24 credits worth in fall and spring. If you were enrolled full time (12 or more credits) in fall 2011 and spring 2012, you will have no Pell eligibility. The Pell 2 program, available in summer 2010 and 2011, has been discontinued by the federal government.
- If you enrolled less than full time (fewer than 12 credits) in fall 2011/spring 2012 you MAY have remaining eligibility. Please consult the Pell Calculator at Pell Grant Calculator.
- Pell alone will NEVER cover the total amount of your student bill. You must have additional aid, or be prepared to pay for a portion of your summer bill out of pocket. Federal fall 2012 aid CAN NOT be used to cover the unpaid balance from summer. Student bills not covered by anticipated summer aid are due May 25th.
- A 3 credit Pell award will be added for all students with remaining eligibility, prior to the opening of summer registration in mid March. If you enroll in 1-5 credits, this aid will disburse to your account on May 31st. If you enroll in 6 or more credits we will adjust your award for additional Pell eligibility as well as any remaining student loan eligibility. There is no summer financial aid application required.
- NOTE: If you are receiving a spring 2012 refund you may want to save a portion to cover your summer bill.
Federal Student Loans
Federal student loans are only available to students who enroll at least half time (six credits) and have not used their entire 2012 loan eligibility in the fall 2011/spring 2012 semesters. Any eligibility will be added after you enroll at least half time (six credits) for summer 2012.
The Direct Stafford Loan Limits are listed at Stafford Loan Limits. Loan eligibility has annual as well as lifetime limits. You may view your federal student loan history at NSLDS, using your FAFSA PIN to log in.
- Please note, no summer loan awards will be made until the student is enrolled in at least six credits.
- All student loans will be cancelled for students who are not enrolled in 6 or more credits on the first day of summer classes. There are NO circumstances when Federal Stafford Loans can be credited to your student account if you are no longer enrolled in six credits.
Summer class registration opens in MyUB on March 14th. Classes begin May 29, 2012. Students enrolled in classes at the beginning of the term will be charged, regardless of financial aid availability. Students must withdraw from classes on or before May 28th to avoid being charged.
Your summer student bill will be due May 25th. You are responsible for any amount over your anticipated financial aid on or before that date.