Summer 2018 Financial Aid: On Grounds

 

Eligibility Requirements

Financial aid for summer is available for eligible undergraduate students currently enrolled in a degree program at the University of Virginia.

  1. Students must have a completed 2017-2018 FAFSA on file and must have completed all items on their To Do List in the Student Information System (SIS). The 2017-2018 FAFSA must be completed by June 30, 2018 to be considered for Summer Session 2018 financial aid.  Please note that students who were considered late applicants for the 2017-2018 academic aid year will not be considered for grant funding for Summer Session.
  1. Students must be meeting  Satisfactory Academic Progress (SAP) standards.  Students on SAP suspension will not be awarded financial aid for Summer Session until they are either meeting the SAP standards or they have successfully appealed their SAP status.
  1. Students must be enrolled in at least 6 credit hours for summer (minimum of 3 credit hours to be eligible for a Pell Grant).  All the credit hours must be either on-Grounds, through a UVA-sponsored study abroad program, or a combination thereof.  SFS will not award students financial aid for study at another institution during the summer.

 

How to Apply for Summer Session On-Grounds Financial Aid

All students who would like to be considered for Summer Session financial aid must submit the Summer 2018 On-Grounds Financial Aid Application (available after about March 15, 2018).

In addition to submitting the Summer 2018 On-Grounds Financial Aid Application, students must also enroll (and remain enrolled) in at least 6 credit hours for summer before their financial aid eligibility will be reviewed.  If a student completes the summer financial aid application but does not enroll (and remain enrolled) in at least 6 credit hours for summer he/she will not receive a financial aid award for Summer Session.

On-Grounds Summer Session enrollment begins around April 10, 2018 for third-year and fourth-year students, around April 11, 2018, for rising second-year students, and April 12, 2018, for visiting students and rising first-year students.  Information regarding Summer Session on-Grounds registration is available on the Summer Session website.

 

Cost of Attendance

The on-Grounds cost of attendance for Summer Session includes tuition and fees, books/supplies, living expenses, Direct Loan fees, and travel.

 

Types of Financial Aid Available

Grants

Grant aid for Summer Session is limited and is based on financial need.  Priority for grant funding is given to students based on their enrollment date and is awarded in the order in which students enroll.  Because Summer Session is not a required term, grant funding is not guaranteed even if a student is eligible for grant funding for the fall and spring terms.  Please note that Summer Session on-Grounds grant aid will not exceed $2,648 for Virginia residents and $8,528 for non-Virginia residents ($7,594 for BIS non-Virginia residents).

Loans

SFS will award a student any Direct Loan eligibility that a student has remaining for the 2017-2018 academic aid year.  The annual Direct Loan limits are listed on the chart below:

 

Annual Direct Loan Limits

Academic Level in SIS

Dependent Student

Independent Student (or dependent student whose parent was denied a PLUS Loan

First Year

$5,500

$9,500

Second Year

$6,500

$10,500

Third Year and above

$7,500

$12,500

 

 

  • To determine the remaining Direct Loan eligibility available for the summer term, view the financial aid awarded for 2017-2018 in SIS. Compare the total amount of Direct Loans awarded for 2017-2018 to the limits listed on the above chart.  If a student has remaining Direct Loan eligibility, the student will be offered his/her remaining annual eligibility for summer up to the cost of attendance.
  • Once Direct Loan eligibility is exhausted, the only other option for financial aid will be a Direct Parent PLUS loan (for undergraduate dependent students) or a private student loan.
  • The loan term dates to use for students who wish to apply for a private student loan for summer are based upon the Summer Session calendar.  Once those dates are determined and published, check back here for specific dates to use. This loan term will alert Student Financial Services that the loan should be certified for summer only.

 

How the Financial Aid Process Works

Student Financial Services usually begins awarding Summer Session on-Grounds financial aid within two weeks of the start of Summer Session on-Grounds enrollment (mid-April) and on a rolling basis thereafter.  Students will receive an email notification once Student Financial Services has reviewed their financial aid eligibility.  This email will detail how students are able to view their awards and outlines options to cover educational expenses if students are not awarded financial aid or the aid awarded does not cover their summer on-Grounds cost of attendance. 

 

Financial Aid Disbursement Dates and Payment Due Dates

  • All students who undertake any form of academic study within the University are required to pay the comprehensive fee in addition to tuition. Payment of the comprehensive fee is due in full by May 13, 2018, or five days after a student enrolls, if a student enrolls on May 10, 2018, or later. Tuition for each session is due the day before a class starts.  Information regarding Summer Session 2018 on-Grounds tuition and fees is available on the Summer Session website at http://www.virginia.edu/summer/fees.html.
  • The scheduled disbursement dates for Summer Session on-Grounds financial aid are listed on the chart below:

 

2017 Summer Session Disbursement Dates

Session

Disbursement Date

Session I

May 12, 2017

Session II

June 9, 2017

Session III

July 7, 2017

 

 

  • Students that have been awarded Summer Session on-Grounds financial aid will have a credit for summer on their student account.
  • Students whose anticipated aid covers their Summer Session balance should not receive a financial hold.
  • Students whose anticipated aid does not cover their full Summer Session balance are responsible for paying the difference by the due dates listed above.
  • Students will not be dropped from their Summer Session on-Grounds courses for non-payment; however, a financial hold will remain on their account until any past due charges have been paid.
  • Please note that payment plans are not available for Summer Session.

 

How to Determine Out-of-Pocket Costs

Financial aid awards are based on the Summer Session on-Grounds cost of attendance which includes tuition, living expenses, books/supplies, Direct Loan fees, and travel. To determine your out-of-pocket costs, you will need to subtract your Summer Session financial aid award in SIS from the Summer Session on-Grounds cost of attendance.  If applicable, you may pay these costs with your own resources and/or apply for a Direct Parent PLUS Loan (for undergraduate dependent students) or a private student loan.

 

Examples of Cost of Attendance and Financial Aid

Example #1

You are a 3rd year Virginia resident who enrolled in one summer session for a total of six credit hours.  You have also already been awarded $7,500 in Direct Loan funding for the fall and spring terms and have no remaining Direct Loan eligibility available for the summer term.  Your cost of attendance is $4,480 of which $2,648 is tuition and fees.  You received a Summer On-Grounds Scholarship for $2,648.  Your tuition and fee charges are covered.  To cover the remaining cost of attendance of $1,832, you must either pay the amount with your own resources and/or apply for a Direct Parent PLUS loan (for undergraduate dependent students) or a private student loan.

Example #2

You are a 3rd year non-Virginia resident who enrolled in each summer session for a total of nine credit hours.  Your cost of attendance is $17,159 of which $12,164 is tuition and fees.  You received a Summer Direct Subsidized Loan for $5,500 and a Summer Direct Unsubsidized Loan for $2,000.  To cover the remaining cost of attendance of $9,659, you must either pay the amount with your own resources and/or apply for a Direct Parent PLUS loan (for undergraduate dependent students) or private student loan.

 

How Enrollment Changes Impact Financial Aid Eligibility

To remain eligible for grants and/or Federal Direct loans for summer, students must be enrolled in at least 6 credit hours for summer (minimum of 3 credit hours to be considered for a Pell Grant).  These credit hours must be taken over the course of the summer term, but not all 6 credit hours have to be earned in one session.  If a student drops below 6 credit hours for summer, his/her financial aid awards may be reduced or canceled.  In addition, a student’s financial aid may also be reduced or canceled if he/she drops, withdraws, or fails to attend all scheduled summer sessions for which he/she has registered.  Please note that summer aid is awarded based on the number of credit hours taken.  If a student’s enrollment for summer changes, it is the sole responsibility of the student to notify Student Financial Services so that financial aid can be adjusted accordingly.  A student will responsible for repaying any amount of excess aid awarded if aid has disbursed and a student later makes enrollment changes that impact aid eligibility for summer. 

Information regarding the Summer Session on-Grounds schedule changes and refund policy is available on the Summer Session website at http://summer.virginia.edu/registration-and-academic-procedures.