Eligible undergraduate student may receive a Pell Grant year-round. A year-round Pell Grant may provide eligible students an excellent opportunity to accelerate program completion, and possibly limit student loan debt by graduating earlier.
Pell Grant eligible students can receive up to 100% of the scheduled award for which they are eligible in the fall and spring. If enrolled at least half-time (6 credit hours) in the summer, you can receive up to 150% of the scheduled award. This means that even if you received a Pell Grant for full-time enrollment in both fall and spring you may still be eligible in the summer.
If a student is enrolled less than half-time in the summer and did not use 100% of the scheduled award in the fall and spring, the student may be eligible for a less than half-time Pell award.
Example: Student is eligible for a scheduled Pell award of $6195.
|Student attends full-time (12+ credits) and receives $3098 (50%)||Student attends full-time and receives $3097 (50%)||Student attends full-time and receives $3098 (50%)|
|Student attends full-time (12+ credits) and receives $3098 (50%)||Student attends full-time and receives $3097 (50%)||Student attends 6 hours and receives $1549 (25%)|
|Student attends full-time (12+ credits) and receives $3098 (50%)||Student attends full-time and receives $3097 (50%)||Student attends 3 hours and receives $0 (0% because student is not enrolled half-time)|||
|||Student attends half-time (6-8 credits) and receives $1549 (25%)||Student attends full-time and receives $3097 (50%)||Student attends 6 hours and receives $1549 (25%)|
Note: The maximum Pell Grant lifetime eligibility does not increase if a student receives year-round Pell. Each Pell recipient is still only eligible to receive the equivalent of twelve full‐time semesters (or 600%) and then is no longer eligible for Pell Grant funds.
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Many students use all of their annual federal loan eligibility in the fall and spring semesters, leaving nothing remaining for summer. If possible, students are encouraged to reserve some of their annual federal loan eligibility to use in the summer. Students that have been awarded Pell Grant for the fall and spring are encouraged to contact the Financial Aid and Scholarships Office for assistance with financial planning for the summer.
The CU Denver Summer Advance Grant was established to encourage timely graduation for undergraduates. The program was designed to provide financial assistance for students to transition from freshman to sophomore, sophomore to junior, or junior to senior status.
If you've already borrowed the full $20,500 in an unsubsidized Direct Loan during the academic year (fall and spring), you have received the annual limit. To estimate your remaining summer unsubsidized loan eligibility, subtract the amount of unsubsidized loans you received during the academic year (fall and spring) from the full amount of $20,500. This will generally be the amount of remaining eligibility for the aid year.
If you have borrowed the full amount of $20,500 in unsubsidized loans, you may be eligible to borrow a Graduate PLUS or private loan to help finance the cost of summer enrollment. Graduate students who have exhausted their unsubsidized Direct Loan eligibility will be offered a Federal Graduate PLUS Loan. In order to be eligible for a Gradate PLUS Loan, you must pass a credit check or have a credit-worthy endorser.
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Financial aid can be applied to your university bill as early as the week before the summer semester begins. If you're taking only Maymester courses, this means your financial aid will be applied to your university bill toward the end of your courses or after they have ended. Be aware of tuition and fee due dates to avoid service charges.
Final summer aid awards are based on enrollment as of the summer census date. If you drop classes, your financial aid is subject to adjustment or cancellation, and may result in a balanced owed to the university.