Summer School Financial Aid
Read the following information carefully, then complete and return the 2014 Summer Session Financial Aid Application. By signing the application, you acknowledge that you have read and understood the information below. Retain this information sheet for your records.
March 31, 2015
You must have filed a 2014-2015 Free Application for Federal Student Aid (FAFSA) by this date in order to receive Summer Session financial aid.
April 15, 2015
You must submit the Summer Session Application for Financial Aid to the Financial Aid Office by this date.
April 15, 2015
You must have submitted all required documents to the Financial Aid Office by this date to be awarded financial aid for summer 2015.
Eligibility Requirements for Summer Session
In order to be eligible for Summer Session financial aid, you must:
- Be enrolled at least half time. This applies to most types of aid. See “Credit Hours and Your Award.”
- Be admitted to or enrolled in a degree or graduate program at Salem College. Visiting students are not eligible to receive financial aid at Salem College.
- Be a U.S. citizen or an eligible non-citizen.
- Not be in default on a loan or owe a refund on a federal grant at any institution.
- If required, be registered with Selective Service.
- Provide all requested documentation.
Credit Hours and Your Award
Once this application has been submitted, there can be no adjustments.
You will be held to the courses/credits you indicate on your Summer Session Application for Financial Aid. If you have not registered for at least 2 full-credit courses (3 credit hours as a graduate student) by the end of drop/add for Summer Session II, your aid will be canceled. If you are in fewer courses than listed on your application, your aid will be reduced.
Summer Session Enrollment Requirements for Undergraduate Students (Traditional and Fleer)
Full time 3 or more full-credit courses
Half time 2 full-credit courses
Less than half time 1 full-credit course or below
Summer Session Enrollment Requirements for Graduate Students
Full time 6 or more credit hours
Half time 3 to 5 credit hours
Access to Financial Aid Funds
Disbursement dates depend on the number of sessions in which you are enrolled, the number of full-credit courses for which you enroll each session, and the type of financial aid you are awarded. No financial aid will be disbursed until after Summer Session II classes begin.
Under most circumstances, you may be awarded aid for the Summer term but not be able to receive any funds until the beginning of Summer Session II. Please refer to “Types of Aid Available” for important details regarding disbursement of funds.
Types of Aid Available
Grants and scholarships generally are not available for Summer Session. Financial assistance for summer usually consists of federal student loans or PLUS loans for parents of dependent students.
Federal Student Loan Programs
Not all students will be able to borrow loans during the summer. Federal student loans are limited to an academic year maximum and the Summer term is part of the current (2014-2015) academic year. The Financial Aid Office will inform you of your eligibility. You must be enrolled at least half time (see enrollment requirements listed on previous page) in order to borrow federal student and PLUS Loans.
The number of sessions and credit courses for which you enroll will determine when you have access to loan funds. To receive loan funds at the beginning of the first session, you must only be enrolled during Summer Session I, and you must be enrolled in at least 2 full-credit courses as an undergraduate student or 3 credit hours as a graduate student.
If you will be enrolled less than half time for the first session, or are enrolled in both sessions, you will not have access to your loan funds until after drop/add of Summer Session II. Your hours for both sessions combined must equal at least half-time status.
Federal Pell Grants, Federal Perkins Loans, Book Vouchers, and Federal Work-Study
The Financial Aid Office will determine if you have any Pell Grant eligibility. You do not have to be enrolled at least half time to receive a federal Pell Grant, but you must meet other eligibility requirements.
Pell Grant funds will be available after drop/add of Summer Session II. Until your funds are disbursed, you will be responsible for paying all expenses (such as books, rent, living expenses) other than those directly billed to you by Salem College.
Book vouchers are not available for summer school.
Perkins Loan and Federal Work-Study funds are not available during the summer.