Since the 1999 summer term is a trailer to the 1998-99 academic year and Jason has already borrowed the annual limit, he is ineligible for a Stafford Loan. However, his parents may borrow a PLUS Loan for summer attendance. PLUS Loans are not governed by the annual loan limit regulation. She decides to attend the summer term. Graduate students are considered independent.
Eligibility is calculated in the same manner as the previous example.
Contact loan staff in Financial Aid Services if you have questions regarding student loan eligibility. If you are considering summer session attendance, begin planning now to meet those educational costs. Examine personal resources to determine whether or not financial aid will be necessary. You must also complete a summer aid application. This one page form is normally available in our office after spring break.