General student eligibility requirements apply to the summer term.
Your enrollment status is determined based on the combined number of total credits for which you register over the entire
summer term. Visiting or non-degree seeking students are not eligible for financial
aid. Financial aid for the summer term is limited. If you have questions about your options, please
contact the Financial Aid Office.
STAFFORD LOANS
If you want to borrow during the summer semester, you must be enrolled at least half-time and have remaining loan
eligibility. If you have remaining eligibility our office will send you a summer loan
request form to complete and return to our office. The Financial Aid Office will determine
your eligibility and will forward necessary loan request information to the federal Direct Lending program.
Please be aware that your loan eligibility may be limited by maximums allowed for specific enrollments, grade level,
academic year limits and/or aggregate loan total to date.
PLUS LOAN PROGRAM
The Federal PLUS Loan program enables parents of dependent students
with good credit histories and a need for funding beyond the Stafford Loan program to borrow
money for educational expenses. At least half-time enrollment in a degree seeking program
is required.
ALTERNATIVE LOANS
A private alternative loan is typically issued in the student’s name and most often requires
a credit worthy cosigner, who is a US citizen or permanent resident. Maximum loan amounts,
loan terms, borrower qualification, repayment schedules, and interest rates vary among
lenders.
Before applying for a private or alternative education loan, you may qualify for grants
and/or other assistance under Title IV of the Higher Education Act. Loans under Title IV
include the Federal Stafford and the Federal PLUS loan. These Title IV loans may have terms
and conditions that are more favorable than the terms and conditions of private education
loans. The more favorable terms of Federal loans generally include the interest rate, fees,
and repayment options such as deferments and forbearances. In addition, Federal loans may
be eligible for loan repayment, loan forgiveness, discharges due—for example—to total and
permanent disability or to death.
For more information on Alternative Loans, click here.
PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY/PHEAA GRANT:
Students who were eligible for a PHEAA grant for one or both of the preceding terms (fall, spring) may be able to apply
for a summer term payment. The summer PHEAA Grant is available at
http://www.hpeaa.org/stategrants/summer_grant.shtml.
Please contact our office for details.
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