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Summer Financial Aid

Summer Financial Aid

 

Enrolling Summer semester 2017?  Action is required.

Review your award letter carefully.

Summer financial aid options consist of Federal Pell Grant and Federal Direct Loans.  However if you exhaust your Pell Grant or Direct Loan eligibility during the academic year at CSCC or another institution you will not receive funds from either program for Summer semester.  Therefore, if you want to “reserve” some of your eligibility for Summer semester you must complete an Award Revision Form. If you are not sure, a Financial Aid representative is available to assist you.

To reserve funds for Summer 2017 Semester, complete the 2016-17 Award Revision Form.

If you have Summer aid on your Financial Aid Award Letter, no further action is needed.

 Example:

Amy is a 1st year “Independent” student who is eligible for a Pell grant. Additionally, she has been awarded her full student loan(s) eligibility. Amy is eligible for $5,815 in Pell grant, $3,500 in Subsidized loan, and $6,000 in Unsubsidized loan. All of her awards for the 2016-17 academic year are split evenly between Autumn semester 2016 and Spring semester 2017.

Amy (INDEPENDENT STUDENT) 2016-2017 Academic School Year

Autumn 2016 & Spring 2017

AWARD NAME TOTAL AWARD AUTUMN16 SPRING17
Federal Pell Grant $5,815.00 $2,908.00 $2,907.00
Federal Sub Loan D $3,500.00 $1,750.00 $1,750.00
Federal Unsub Loan $6,000.00 $3,000.00 $3,000.00
Award Total $15,315.00 $7,658.00 $7,657.00

 

Amy (1st year "Independent") decides she wants to attend Summer 2017. She wants her financial aid to be split evenly between Autumn 2016, Spring 2017 and Summer 2017. Her total award amounts do not increase.
NOTE: Pell grant funds must be awarded for Autumn 2016 and Spring 2017 – only loan amounts can be adjusted.

Amy’s (INDEPENDENT) 2016-2017 Academic School Year REVISED award due to adding Summer semester 2017

AWARD NAME TOTAL AWARD AUTUMN16 SPRING17 SUMMER17
Federal Pell Grant $5,815.00 $2,908.00 $2,907.00 $ 0
Federal Sub Loan D $3,500.00 $1,167.00 $1,166.00 $1,166.00
Federal Unsub Loan $6,000.00 $2,000.00 $2,000.00 $2,000.00
Award Total $15,315.00 $6,075.00 $6,073.00 $3,166.00