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Financial Aid

 

Summer Loan & Pell Grant

Financial Aid Office


The summer Pell Grant (undergraduate students only) award is based on summer enrollment levels and remaining annual Pell eligibility. For example, if your annual Pell Grant award is $3,200 and you used $3,200 for the Fall and Spring semesters, you will receive zero Pell Grant for the summer semester.

The amount of Stafford Loan that you accepted for the fall and spring semesters may be at or near your annual limit, which will leave you with little or no Stafford Loan eligibility for summer semester. For example, if your annual Stafford loan award was $7,500 and you received $6,500 for the Fall and Spring semesters, you will be awarded the remaining $1,000 for the summer semester.

Graduate students who accepted their annual Stafford loan award for the Fall and Spring semesters will not be eligible for a Stafford loan for the summer semester. However, you will be awarded a Grad PLUS Loan​ to cover the summer cost.

If you plan to take summer classes, and will need financial aid, then you will need to make plans now to budget your loan funds. Reviewing your annual Stafford loan limit below will help you in reserving some funds for summer by reducing the amount of loan that you borrow during the school year.

Visit our Loans page for detailed information on managing your student loans.

For undergraduate students, you may need to look into applying for an Alternative Student Loan to help cover your summer educational costs. (see chart below)​

Dependent Undergraduate Student (based on FAFSA):

Stafford Annual Loan Limit:

      • Freshman:  0-29 credits earned:  $5,500
      • Sophomore:  30-59 credits earned:  $6,500
      • Junior/Senior:  60+ credits earned:  $7,500

If you opt to borrow your maximum Stafford eligibility during the Fall and Spring semesters your financing options will be limited to:

Remember you must be enrolled at least half-time (6 credit hours) to receive aid.

Independent Undergraduate Student (based on FAFSA):

Stafford Annual Loan Limit:

      • Freshman:  0-29 credits earned:  $9,500
      • Sophomore:  30-59 credits earned:  $10,500
      • Junior/Senior:  60+ credits earned:  $12,500

If you opt to borrow your maximum Stafford eligibility during the Fall and Spring semesters your financing options will be limited to:

Remember you must be enrolled at least half-time (6 credit hours) to receive aid.

Graduate Students:

Stafford Annual Loan Limit: $20,500

If you opt to borrow your maximum Stafford eligibility during the Fall and Spring semesters your financing options will be limited to:

Remember you must be enrolled at least half-time (2 credit hours) to receive aid. (If you are a student in the CU Anschutz Public Health program, half-time is 3 credit hours.)

Professional Students:

Stafford Annual Loan Limit:

Annual loan limits vary for students enrolled in Medicine, Dental Medicine, Pharmacy, and Public Health programs based on your grade level and program of study. Your remaining eligibility for Stafford loans will be automatically calculated and offered to you.

Additional financing options will include:

Remember you must be enrolled at least half-time (5 credit hours) to receive aid.​

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