Be Sure to Plan Ahead (Change for Summer 2013 Session): The Federal government is changing the loan origination fee and updating the Federal Loan processing website in late June.
Due to this delay, we will not be able to originate or disburse Federal Loans until mid-July. Loan funds will not be available the first week of classes as in prior years.
Students enrolled for Summer Session may be eligible for Federal Direct Loans to assist with their educational costs. Summer students must be matriculated in a degree program and enrolled for 6 or more credit hours. To apply, a student must complete:
Summer Loans are disbursed to a student’s account no earlier than the first week of summer classes provided the student’s financial aid file is complete. The amount of loan obtained for summer study is included in the student’s maximum federal loan eligibility for the 2012-2013 academic year. For students borrowing additional funds to cover living expenses, a credit balance will not be available until a refund check is requested from the Bursar’s Office. Checks typically take 7-10 days to process.
Matriculated students registered for less than 6 credit hours may be able to secure a private summer loan through a participating bank or lender. Students should exhaust all other options prior to applying for a private loan.
For further information, please consult with a Financial Aid Counselor.