Financial Aid

Applying for Summer Financial Aid

Summer 2013 Application for Financial Aid

The Summer Term at UM-Dearborn is primarily composed of three enrollment periods:  Summer Full (classes May-August), Summer I (classes May-June), and Summer II (classes July-August). 

For Summer 2013, students must complete or have completed the 2012-2013 FAFSA  (Free Application for Federal Student Aid).  If a student has received federal financial aid during either the Fall 2012 or Winter 2013 Semesters, the correct FAFSA is on file for Summer 2013 financial aid.                                                                                                                  .

Additive credit cannot be used to establish financial aid enrollment. _________________________________________________________________________________

3-Step Process

1.     Register for your Summer Semester classes—Remember that you must enroll at least  
        half-time (6 credits for undergraduates and 4 credits for graduates) for loan
        eligibility.  Summer Semester enrollment requirements for federal loans are the same
        as the requirements in the Fall and Winter Semesters.

2.     Once your Summer Semester schedule is finalized, complete the Summer Financial Aid
        Application.

3.     Submit your Summer Financial Aid Application preferably using the scan station.  You 
        may also fax, email, or submit the application in person at the Enrollment Services                          counter.

Please note that incomplete applications, students enrolled less than half-time or who have additional documents required will not be processed until all enrollment and financial aid document requirements are complete.
_______________________________________________________________

Summer Loan Disbursements

First disbursements are available to students who have completed all requirements and have received an award email including Summer awards from the Office of Financial Aid.  Please allow a minimum of two weeks to process a Summer 2013 Financial Aid Application.

Students enrolled in full 16 week classes (at least half-time)

  • First disbursement:                                                           April 30, 2013  
    * e-refunds within 5 days/ checks within 14 days

Students enrolled in Summer I (at least half-time)

  • First disbursement:                                                           April 30, 2013

    *e-refunds within 5 days/ checks within 14 days

Students enrolled in Summer I and Summer II (at least half-time)

  • First disbursement                                                            April 30, 2013
    *e-refunds within 5 days/ checks within 14 days
  • Second disbursement                                                       July 1, 2013
    *e-refunds within 5 days/ checks within 14 days

Students enrolled in Summer II only (at least half-time)                   July  1, 2013

  • First disbursement                                                             July 1, 2013
    *e-refunds within 5 days/ checks within 14 days

Refunds may be delayed if you have dropped or added a class.  Funds will be held to cover wait listed classes.

Dropping classes in the Summer Semester is not treated the same way as dropping classes in the Fall or Winter Semesters.  If you register for Summer I and Summer  II classes, but drop your Summer II classes, the Office of Financial Aid is required to treat this as a withdrawal.  With the Return to Title IV (R2T4) calculation, you may not be eligible for your second disbursement.

Please contact the Office of Financial Aid with any questions prior to withdrawal.
_________________________________________________________________________________

Types of Aid Available for Summer

Grants

  • Federal Pell Grant-based on eligibility and fund availability. (If you received Federal Pell Grant for full-time enrollment for both the Fall 2012 and Winter 2013 Semesters, you will have no Federal Pell Grant eligibility for Summer Semester 2013.)

Loans

  • Federal Direct Loan
  • Federal Direct PLUS Loan
  • Federal Direct PLUS-Graduate Loan
  • Alternative or Private Loans

_______________________________________________________________________________

Important considerations

  • The number of months you enroll could impact how much you can borrow.  A Summer I or II only as a term of enrollment has fewer months of enrollment and lesser costs in room and board as well as miscellaneous and personal expenses.
  • Federal student loan aggregate maximums can impact loan eligibility.
    • Dependent undergraduates can borrow up to $31,000 (no more than $23,000 in subsidized loans).
    • Independent undergraduates can borrow up to $57,500 (no more than $23,000 in subsidized loans).
    • Graduate students can borrow up to $138,500 and includes both undergraduate and graduate borrowing.
  • Students who have been awarded select UM-Dearborn Scholarships (Chancellor’s, Dean’s, Maize and Blue, Detroit Compact, Wade McCree, and Opportunity) are able to authorize the scholarship’s use on the Summer Financial Aid Application.  Use of the scholarship will be counted as one term of eligibility used. For terms and conditions of scholarships, please visit http://www.umd.umich.edu/accept.

For terms and conditions of awards, please visit http://www.umd.umich.edu/fa_conditionsofaward/.