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Summer Aid 2015


The Office of Student Financial Aid can calculate a student's eligibility for summer financial aid.



Eligibility


To be eligible, the student must:

1.  Apply.

  • Students who have not already done so must file a 2014-2015 FAFSA by June 30, 2015.
  • Students also must complete a Summer Aid Request Form no later than June 24, 2015. Our office will attempt to process late submissions but cannot guarantee their approval.
  • Students requesting federal loans must submit the Summer Aid Request Form prior to the last day of \ the session(s) in which the student is enrolled.

2.  Be degree-seeking at ISU.

  • Students are required to be seeking ISU degrees or eligible teacher certifications in order to receive federal financial aid. This is a federal requirement.
  • ISU students who wish to take classes from other institutions for transfer to their ISU degree programs must complete and submit this Consortium Agreement to allow ISU to process their financial aid for credit earned at other institutions.
  • Visiting students (pursuing degrees from other institutions and taking classes at ISU during the summer) should have a consortium agreement completed between the two schools to allow their home schools to process summer aid while including their ISU hours of enrollment. Not all schools participate in consortium arrangements. Check with your home school for details.

3.  Make Satisfactory Academic Progress (SAP).

4.  Enroll at least half-time.

  • All summer terms are combined for financial aid enrollment purposes.
  • Undergraduate students must be enrolled in at least 6 combined credit hours for half-time status.
  • Graduate students must be enrolled in at least 5 credit hours for half-time status.

NOTE: Students must be enrolled and attending at least half-time for aid to disburse. Disbursement occurs when student reaches half-time enrollment. Students should be prepared to pay for initial expenses themselves if facing this enrollment situation.


Types of Awards


Financial aid for the summer is extremely limited. In general, summer aid is limited to awards that the student did not use during the academic year. For most students, eligibility is usually limited to the remaining amount of Federal Stafford Loans (if the student did not borrow their entire allocation during the academic year).

In addition, if funding is available, students may be able to use the following award types:

Borrowers may use additional loan options during the summer as well. Please note that these options require a separate application.

On Track Summer Award


Indiana State University has created a new grant program to assist state aid recipients in reaching the credit hour requirements needed to graduate within 4 years – the “On Track” Award.

This award will be available to assist students with tuition and textbooks for up to six credit hours during Summer 2015. There is no application for this program, as eligible students will be awarded automatically when they enroll for summer. Payment will occur beginning the week of May 18.

Eligibility Requirements:

  • Be in good academic standing;
  • Must be enrolled in and successfully complete 12 hours in Spring 2015;
  • Have received a 21st Century Scholarship or IN Higher Education Award for Spring 2015;
  • Be within 6 credit hours of meeting the credit completion requirements as specified by the IN Commission for Higher Education at the conclusion of Spring 2015; and
  • Enroll for Summer 2015 by May 8, 2015

The total dollar amount may not exceed $2,000. Award amount is contingent on availability of funds and may vary per student.


Summer Graduation Initiative


If you're not able to complete your degree by May, ISU is offering a special opportunity to help you complete your degree this summer. If you have 15 or fewer credit hours to complete in order to graduate, then you may qualify to participate in a special opportunity that will provide discounted summer tuition. In order to qualify for this Summer Graduation Initiative, you must:

  • Have started at ISU during the fall semester of 2011 as a new freshman.
  • Complete a plan of study with your academic advisor to ensure you are eligible to graduate this summer.
  • Register for all summer classes necessary to meet graduation requirements.
  • Successfully complete all summer classes.

ISU will discount your summer tuition by 50% if you pass all of your classes and graduate by August.

If you desire to participate in this opportunity, please complete the two documents below and return them to the Office of Student Success in Parsons 203. Please note that you must have the signature of your Dean's Office on the plan of study and that you must return the forms personally to the Office of Student Success. If you have any questions, please contact Dr. Joshua Powers at Joshua.Powers@indstate.edu or 812-237-8378 to learn more about the specific steps you need to take in order to participate.

Other Policies

  • Withdrawal: Aid is calculated based upon enrollment and is subject to change at any time based on credit hours or non-attendance. Students who are considering dropping or withdrawing from classes should speak about this issue with a financial aid counselor prior to changing their class schedules. To officially withdraw, students must contact the Office of Registration and Records.
     
  • Basic eligibility rules apply.
     
  • Refunds are issued on a rolling basis as aid disburses. Aid disburses when the student begins his or her 6th credit hour of enrollment (5th hour for graduate students). For many students, this means the refund will not be issued until after the start of summer classes.


Contact

Student Financial Aid
220 North 7th Street
150 Tirey Hall
Indiana State University
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