Applying for Summer Financial Aid
Summer 2012 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 2012, students must complete or have completed the 2011-2012 FAFSA (Free Application for Federal Student Aid). If a student has received federal financial aid during either the Fall 2011 or Winter 2012 Semesters, the correct FAFSA is on file for Summer 2012 financial aid. .
Additive credit cannot be used to establish financial aid enrollment.
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Summer Disbursements
Students enrolled in Summer Half I or Full Summer classes:
- First disbursement (50% of Direct Loan aid): April 30, 2012
- Second disbursement (50% of Direct Loan aid): June 25, 2012
Students enrolled in Summer Half II only:
- First disbursement (50% of Direct Loan aid): June 25, 2012
- Second disbursement (50% of Direct Loan aid): July 30, 2012
Please be aware that you may not receive a refund until the second disbursement (depending on your total tuition and fees and the amount of your financial aid.)
Dropping classes in the Summer Semester is not treated in the same way as dropping classes in the Fall or Winter Semesters. If you register for Summer Half I and Summer Half II classes, but drop your Summer Half II classes, the Office of Financial is required to treat this as a withdrawal. With the Return to Title IV calculation, you may not be eligible for your second disbursement.
Please contact the Office of Financial Aid with any questions prior to withdrawal.
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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 financial aid eligibility.
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 or submit the application in person at the Enrollment Services counter.
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Types of Aid Available for Summer
- Federal Pell Grant-based on eligibility and fund availability
- Federal Direct Loan
- Federal Direct PLUS Loan
- Federal Direct PLUS-Graduate Loan
- Federal Perkins Loan
- Alternative or Private Loans
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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 (no more than $65,500 in subsidized loans) and includes both undergraduate and graduate borrowing.
- Dependent undergraduates can borrow up to $31,000 (no more than $23,000 in
- 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/.