Summer Financial Aid

Know What You Could Receive

To be awarded for summer aid, you must be enrolled during Maymester or a summer term. Most types of financial aid require students to be enrolled at least half-time. You can be enrolled half-time in either Maymester or summer courses, or a combination of both. To be eligible for all types of summer aid, you must complete the Free Application for Federal Student Aid (FAFSA) and have satisfied all other aid requirements. All students receiving aid are expected to be familiar with all financial aid policies.

Undergraduate Students

Pell Grant

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 com​pletion, 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.

Example
FallSpring​Summer
Yearly
% Total

Stud​ent 1
​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%)​

​150

Student 2
​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%)

​125

​​Student 3
​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)
100
Student 4
​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%)​

​100

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.

Log in to NSLDS.ed.gov to find discover how much of your Pell Lifetime Limit you've already used.

Click on Financial Aid Review

  • Scroll down to the Grant information section, and then
  • Look for the percentage of Pell Lifetime Eligibility Used

  • 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.

    CU Denver Summer Advance Grant

    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.

    Eligibility Criteria

    To be considered for the Summer Advance Grant, students must meet the below criteria. Students who meet all criteria are automatically considered for the grant. Funds are limited and will be distributed on a first come, first serve basis.
    • CU Denver degree seeking undergraduates enrolled in the summer term who are 6 or fewer credits from advancing to sophomore, junior or senior status will be considered for the grant
    • Complete the 2020-2021 Free Application for Federal Student Aid (FAFSA) and have all requested documentation accepted by the Financial Aid and Scholarships Office
    • Students must be meeting Satisfactory Academic Progress, which is a measure of a student’s progress academically
    • A student will be considered for the summer advance grant by enrolling in the summer session. Students who have attended at least two semesters at CU Denver (including spring semester) and are within 6 credits of the next academic level will be considered for the grant. Please see the table below for more details
    College Year
     
    ​Freshman short of Sophomore
    ​Has earned 24.00 - 29.99 credits
    ​Sophomore short of Junior​Has earned 54.00 - 59.99 credits
    ​Junior short of Senior​
    Has earned 84.00 - 89.99 credits

    Award Amounts

    The summer advance grant requires a minimum of three credit hours of enrollment. The award amount will be $500 for each three credit hours of enrollment, up to nine credit hours.
    CreditsAmounts
    3 to 5 credits
    ​$500
    ​6 to 8 credits​$1,000
    ​9 or more credits​
    $1,500

    The Fine Print

    The grant is intended for students who are truly making progress but are finding themselves just short of advancing to the next grade level. Students who have attempted a great number of credits that haven’t applied toward their degree will not be considered for the grant. During their career at CU Denver, a freshman cannot have withdrawn or failed more than 12 credit hours, a sophomore more than 24 credit hours, and a junior more than 36 credit hours.

    Student Loans

    Undergrads enrolled in at least six credits during the summer who didn't borrow their allowed annual loan limits during the fall and spring may have remaining Federal Direct Loan​ eligibility. To estimate your remaining summer loan eligibility, subtract the amount of loans you received during the academic year (fall and spring) from the maximum annual borrowing limit for your grade level​. This will generally be the amount of remaining eligibility for the aid year.

    Dependent undergraduate students may also have access to a Federal Direct Parent PLUS Loan if a parent is willing to borrow the loan and passes the required credit check. Find more information about the Federal Parent PLUS Loan.

    Feel free to contact us with any questions or concerns.

    Graduate Students

    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.

    Questions? Feel free to contact us!

    When does Summer Aid get applied to my bill?

    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.