Summer Financial Aid

Summer 2013

Major Changes for Summer 2013

The Summer General Application form is no longer required. Summer awards will begin when Summer 2013 enrollment starts. Awards will be made only if and when a student enrolls for at least 6 credit hours (both Undergraduates and Graduates) during the Summer.
Students will continue to be eligible for any remaining 2012/2013 Pell funds.
Beginning July 1, 2012, Graduate students will no longer qualify for federal Direct Subsidized loan amounts. They will still continue to qualify for the same amount of funds in the Direct Unsubsidized loan.
All students must be meeting the conditions of the Satisfactory Academic Progress policy (SAP). SAP will be determined at the end of Spring 2013, once grades are posted. If a student has already been awarded Summer aid and you are not making SAP, your award will be canceled.
All Summer Financial Aid will be disbursed in two separate disbursements. The summer disbursement dates are May 28, 2013 and June 28, 2013. Students must be meeting the SAP policy and be enrolled for at least 6 hours to receive funds.
If you are only taking classes for the Summer 2 term, aid will not be disbursed until June 28, 2013 and July 1, 2013. Summer 2 does not begin until July 9, 2013. You must be enrolled for at least 6 credit hours for this term in order to qualify for aid.

Enrollment for all Summer terms will be checked for all students, enrolled in any Summer term, at the beginning of Summer 2. If you do not complete at least 6 hours for the entire Summer term, all Summer aid will be canceled. Your aid will be canceled even if you have received a Refund check.

How to Apply for Summer 2013 aid:

Students must complete a 2012-2013 Free Application for Federal Student Aid (FAFSA). This application can be completed at www.FAFSA.ed.gov. Students must also complete the Verification process if selected.

Students must enroll in at least six (6) credit hours for all Summer term(s).

General Information:

For the purpose of awarding financial aid, summer school is considered to be the end of the school year. Therefore, the eligibility of each student aid applicant for student aid funds for summer school is based upon each student's remaining annual limits for grants and loans. Students who receive their maximum grant (such as Pell) and/or loan eligibility for the Fall and Spring semesters may not have any remaining eligibility for summer financial aid. Students wishing to receive funds for summer school should enroll as early as possible. Most grant programs available in the summer are awarded on a first-come, first-serve basis.

In addition, eligibility for summer financial aid requires that a student be enrolled in at least six (6) credit hours during the summer. Dropped courses and withdrawals may result in a reduction or cancellation of your summer awards or a repayment of funds already disbursed. Summer aid recipients should contact the financial aid office and speak to a counselor prior to altering summer schedules.

Satisfactory Academic Progress (SAP) will be completed when Spring 2013 grades are posted May 15th. Any student not meeting the SAP policy who has had financial aid awarded for Summer 2013 will have their financial aid canceled immediately, and therefore, may owe a bill for summer. Detailed information on SAP can be found at Satisfactory Academic Progress Policy (SAP).

Short-term Loans will be available for the Summer. Book Loans will not be available for Maymester but will be available Summer 1 and Summer 2.

Parent Loan Information

Due to the credit expiration date by the Department of Education, your Parents must complete a new plus credit application for the summer term.

If your parent did not apply for a Parent Loan for Fall/Spring terms, they must complete a credit application and a Parent PLUS Master Promissory Note (eMPN) at the Department of Education’s website at www.StudentLoans.gov.

Top of page

Stephen F. Austin State University

Summer Financial Aid

Summer 2013