Summer 2008
Financial Aid Application Procedures
Summer Financial Aid Application:Summer Aid Available at SUNY Fredonia
- TAP GRANT
- Must be a New York State resident.
- Must be enrolled a minimum of 6 credit hours during Summer 1 and/or Summer 2 and meet New York State income guidelines and be taking classes at SUNY Fredonia in the summer.
- Must have accrued 24 credit hours in the previous two consecutive semesters at SUNY Fredonia.
- Cannot be used as a credit towards direct Summer charges (tuition/fees).
- Not paid to you until October 2009 as per New York State TAP regulations.
- PELL GRANT
- Must meet PELL eligibility requirements.
- Receipt of Pell in Summer may decrease Pell eligibility during the subsequent Fall/Spring semesters.
- Only used as credit towards your bill if it is an authorized amount.
- Pell will not be paid and potentially refunded until the middle of July for Summer 1 and Summer 2.
- STAFFORD LOAN (SUBSIDIZED AND UNSUBSIDIZED)
- Must be enrolled a minimum of 6 credit hours during Summer 1 and / or Summer 2.
- Receipt of Stafford Loan in Summer will decrease the amount available during the subsequent Fall/Spring semesters. Federal Regulations allow an annual 12 month maximum loan limit depending on your year in college. Loan limits are as follows: Freshmen $3,500; Sophomore $4,500; Junior & Senior $5,500.
- First Time Stafford Loan Borrowers must click here to begin the Stafford Loan process and complete the eMPN.
- You will be notified of the approved amount with a "Stafford Loan Disclosure Statement" from New York State Higher Education Services Corporation, which gives final approval/guarantee information.
- Used as a credit towards your bill if the loan has been approved by NYSHESC. *(see below)
- FEDERAL PLUS LOAN
- Must be enrolled a minimum of 6 credit hours during Summer 1 and Summer 2.
- Click here to apply on-line for a Federal Plus Loan.
- Used as credit towards your bill if the loan has been approved by NYSHESC.*(see below)
- ALTERNATIVE LOANS
- Click here to apply on-line for an Alternative Loan.
- Notification of approval or denial will be sent to you by your lender.
- Used as a credit towards your bill when loan has been approved by your lender.*(see below)
- Some lenders will not process an alternative loan for 3 credit hours or less. Please check with your lender.
| Scheduled Disbursement Dates | |
|---|---|
STAFFORD and PLUS |
|
| Summer Session 1 only: | 06/04/08 |
| Summer Session 2 only: | 7/09/08 |
| Summer Session 1 & 2: | 6/04/08 and 7/09/08 |
ALTERNATIVE LOANS |
|
| Summer Session 1 only: | 6/04/08 |
| Summer Session 2 only: | 7/09/08 |
| Summer Session 1 & 2: | 6/04/08 and 7/09/08 |
*Students taking less then 6 credit hours in Summer Session 1 may only use an approved alternative loan or Pell for deferral. All others must pay at the time of registration. If Summer Session 2 registration allows the student to be eligible for Stafford Loans, they may be eligible to defer the Summer Session 2 payment. |
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List of Financial Aid Programs