Types of summer aid Grants and scholarships Federal Pell Grants are awarded to those eligible undergraduate students pursuing first bachelor's degrees who did not attend school or were enrolled for fewer than 12 credits during one or more terms of the school year. Minnesota State Grants are awarded to eligible undergraduate students pursuing their first bachelor's degrees. Scholarships are not awarded by OSFA during the summer but may be awarded by your department or outside agencies. Regents scholarships, tuition benefits, and veterans benefits count as financial aid. Employment Federal Work-Study is awarded, based on need, to eligible undergraduate students pursuing first bachelor's degrees and graduate students.
Funds are limited.
Go to the financial aid page on Work-Study for more information. The amount you may borrow each year in Direct Loans is limited by federal regulations. Go to the chart on loan limits for annual limits according to your student status. Keep in mind that the loan amount you borrowed from fall through spring will count toward the annual loan maximum. If you have already borrowed the annual maximum, you will not be eligible for a Direct Loan during summer term.