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Financial Aid

Summer School Financial Aid

Read the following information carefully, then complete and return the 2024 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.  

Complete the online financial aid application between March 1 and April 30, 2024.

Deadlines

April 15, 2024

You must have filed a 2023-2024 Free Application for Federal Student Aid (FAFSA) by this date in order to receive Summer Session financial aid.

April 30, 2024

You must submit the Summer Session Application for Financial Aid to the Financial Aid Office by this date. 

April 30, 2024

You must have submitted all required documents to the Financial Aid Office by this date to be awarded financial aid for summer 2024. 

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.

Your initial Financial Aid award is based on the courses you indicate on Page 4 of the Summer Financial Aid application. You may end up taking other courses than those listed; however, please be aware your financial aid may be adjusted.  If you have not registered for at least 6 hours (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

Full time12+ credit hours
Three-Quarter time9-11 credit hours
Half time6-8 credit hours
Less than half time1-5 credit hours

Summer Session Enrollment Requirements for Graduate Students

Full time6 or more credit hours
Half time3 to 5 credit hours

Access to Financial Aid Funds

Disbursement depends on the number of sessions in which you are enrolled, the number of hours for which you enroll each session, and the type of financial aid you are awarded.  In many cases, financial aid will be disbursed 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 (2023-24) academic year.  The Financial Aid Office will inform you of your eligibility.  You must be enrolled at least half time (see enrollment requirements above) in order to borrow federal student and PLUS Loans.

The number of sessions and credit hours 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 6 credit hours 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, 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.

Federal Work-Study funds are not available during the summer.

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