Summer Financial Aid

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Apply for Summer LoansSummer financial aidNew! Summer 2018 Financial Aid
 
Summer financial aid may be available based on enrollment and remaining eligibility for the year. You will only need to complete the Summer 2018 Student Loan Request if you are applying for student loans for the summer term. If you are eligible, Pell Grants and other grants will be automatically awarded after you enroll for summer term.

Enrollment
Plan to enroll for summer classes early and once enrolled, maintain your level of enrollment. If you choose to register for classes that do not complete requirements of your current degree program, those courses will not be used in the calculation of your financial aid awards. Your Cost of Attendance will be adjusted to your actual level of enrollment. This may cause financial aid award amounts to be adjusted and could result in reduction or removal of loans or other financial aid.

What may I qualify for? 
Financial aid available for the summer term may include the Federal Pell Grant, Federal SEOG (limited funds), Student Incentive Grant (limited funds), Federal Work Study and Federal Direct Stafford Loans.

Pell Grant
Your Pell Grant eligibility will be determined automatically. If you are enrolled, the amount will be based on your actual enrollment.  If you are not enrolled, the amount will be based on projected enrollment. You do not need to complete a Summer 2018 Student Loan Request to determine eligibility for summer grants. Your Pell Grant eligibility is based on the number of credits you were paid in fall 2017 and/or spring 2018 and your summer enrollment.

New for summer 2018! Additional Pell Grant available for summer term!
The US Department of Education will allow students to receive additional Pell Grant awards. Unlike past years when students could only receive up to one fully scheduled Pell award (Pell 1) in an aid year, students can now receive a 2nd Pell award (Pell 2) up to their regular scheduled full-time term award.  Even if you received Pell for full-time enrollment for both fall and spring, you can still receive Pell for the summer term.

In order to receive a Pell 2 award, students must:
  ·       Be otherwise eligible for financial aid (i.e. meeting Satisfactory Academic Progress, not be in repayment of federal funds, etc.)
  ·       Have fully used the initial scheduled Pell award (Pell 1)
  ·       Be enrolled at least half-time (6+ credit hours) for summer term

Enroll now and receive your Pell 2 award!

Student loans
Complete the Summer 2018 Student Loan Request if you would like to apply for Federal Direct Stafford Loans. Your loan award amounts will be based on enrollment (minimum of 6 credit hours), grade level, your Cost of Attendance and remaining eligibility of your aggregate and annual loan limits. Make sure to review the loans you received this year as compared to the yearly maximums for Federal Direct Stafford Loans.

When will I receive my summer awards? 

Summer financial aid packaging will begin the week on March 14, 2018 and will continue throughout the summer term.

Students will begin receiving their financial aid refunds at the end of the fourth week of classes of the earliest term they are enrolled in. If your summer award(s) exceed your total charges for all summer terms, you will be entitled to use a Book Line of Credit to purchase books in the college bookstore.

What about Satisfactory Academic Progress? 

For those students on a Financial Aid Academic Plan or Financial Aid Warning, your financial aid is contingent on successful completion of your spring classes or your financial aid will be removed from your account.

What happens if I am enrolled, but I do not qualify for any financial aid? 

If it is determined that you are not eligible for financial aid, you are responsible for your educational expenses. Enrollment will be determined at the end of the Last Day to Drop with a Refund. If you do not drop your class(es) by this date, you will be charged for the class(es).

What if my schedule changes? 

If your summer class schedule changes, please contact Financial Assistance Services immediately at 727-791-2485, email us at askfas@spcollege.edu, or visit your home campus Registration.