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Summer Aid 2014


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 2013-2014 FAFSA by June 30, 2014.
  • Students also must complete a Summer Aid Request Form no later than June 20, 2014 for the Summer I term and
    July 25, 2014 for the Summer II term. Our office will attempt to process late submissions but cannot guarantee their approval.

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 enrolled less than half-time for the Summer I term will have to wait for financial aid until the start of the classes for Summer II. Aid will not pay until the student reaches half-time status. 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.

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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