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)