Financial Aid for Summer 2019
Attending summer at CSU Long Beach is a great way to make up credits, make up a class you may have dropped, or just get ahead in your course work and completing your degree! And financial aid can help offset the costs of taking classes during the summer months.
Since the summer semester at CSULB is considered the last term of the academic year, your eligibility will be based off of your 2018-2019 FAFSA application, and your aid options will typically consist of any aid you did not use during the academic year.
Applications and instructions on how to apply will be available in the coming weeks.
Types of Aid - Federal Pell Grants
Taking classes during the summer can be a great way for you to graduate in 4 years which can save you money in educational expenses, and jumpstart your salary and lifetime savings! If you are an Undergraduate or Credential student, and you received a Federal Pell Grant during the Fall and/or Spring semesters, there are now two ways you may be eligible to receive a Pell Grant during the Summer:
- If you did not enroll full-time in the Fall and Spring semesters, you may have some remaining Pell Grant eligibility for the Summer semester
- If you received 100% of your scheduled Pell award during the Fall and Spring semesters, you may be eligible for an additional Pell Grant payment for Summer., if you are enrolled in at least 6 units
The CSULB Financial Aid Office will determine your eligibility based on your enrollment status, financial need, and academic progress.
Review this short video about Pell Grants that provides an overview of Grant eligibility for the Summer semester.
Summer Pell Grant Eligibility Requirements:
- You must have remaining Lifetime Pell Grant Eligibility. You can view your Pell Grant usage and determine your remaining eligibility on the NSLDS website (you will need your FSA ID to log in)
- You must be meeting the terms of the CSULB Satisfactory Academic Progress Standards
- You must be an undergraduate student who has not yet earned your first bachelor's degree prior to the start of the summer semester.
- You must meet the enrollment requirements for your Grant:
- Remaining academic-year Pell Grant payments require enrollment in at least 1 unit
- Additional Pell Grant payments require enrollment in at least 6 units
Impact on your Pell Lifetime Eligibility:
Any Pell Grant disbursement you receive during the summer semester will be applied towards your overall Pell Lifetime eligibility. Please visit the NSLDS website to view your Grant usage and to determine the amount of eligibility you have remaining.
Review this short video from our 24/7 Get Answers video service about Pell Lifetime Eligiblity to learn more about the lifetime limits for Pell Grants.
Types of Aid - Federal Direct Student Loans
Summer financial aid funding is available from federal programs to CSULB students. Eligibility for federal loans will depend upon your remaining/unused loan funds from the Fall and Spring semesters.
Federal Loans (Direct Student Loan)
Subsidized and Unsubsidized Direct Loan eligibility for the summer is subject to the maximum annual loan limits. Federal Direct loans for summer are limited to loan amounts you have not used during the academic year (Fall & Spring).
In general, Federal Direct Subsidized & Unsubsidized Loans for Summer are available for students who:
- Have not already used their full eligibility during the 2018-2019 academic year
- Are meeting CSULB’s SAP standards
- Undergraduate & Credential Students:
Enrolled in a minimum of 6 credit hours during the Summer 2019 term
- Graduate/Professional Students:
Enrolled at least half time during the Summer 2019 term. Master’s Degree - enrolled in a minimum of 4 credit hours & Doctoral Degree - enrolled in a minimum of 3 credit hours
Types of Aid - Federal Direct PLUS Loans (Parent/Graduate)
Federal Direct PLUS Loans are available to graduate students as well as parents of undergraduate students. These loans can cover the student's cost of education for the summer that exceeds other aid received. PLUS loans are available only to borrowers who do not have adverse credit histories.
The maximum PLUS Loan amount borrowed cannot exceed the student’s cost of education minus any other financial assistance (including scholarships, work-study awards, and the Federal Direct Subsidized or Unsubsidized Loan). Since there is no “annual maximum” for the PLUS Loan (other than cost of attendance):
- A Parent PLUS Loan may be an option for dependent students who have borrowed their maximum annual Direct Student Loan amount (the parent would be the borrower, though).
- A Graduate PLUS Loan may be an option for graduate or doctoral students who have borrowed their maximum annual Student Loan amount (the student would be the borrower).
Types of Aid - Private Loans
CSULB students who have exhausted all other financial aid options may wish to pursue a private education loan to cover costs associated with the Summer semester. These loans typically require a co-signer. Although CSULB is unable to recommend or advise students on specific private loan options, we have provided some general information on the Financial Aid website for you to keep in mind when considering and/or applying for a private loan.
Please keep the following information in mind when deciding whether or not to apply for a private loan:
- All students should exhaust their federal student aid options before pursuing a private student loan.
- Students should only consider a private education loan if they have reached their federal student loan borrowing limit or are not eligible for federal aid.
- Undergraduate Dependent students and parents should compare private loan costs with costs for the Federal PLUS Loan.
- Graduate students should compare private loan costs with costs for the Federal Graduate PLUS Loan.
- Private student loans are usually higher interest loans with interest that accrues while the student is enrolled in school.
- Most lenders will require a co-borrower for a private loan. The co-borrower must have a good credit history.
- Research lenders online by searching either “Private Education loans,” or “Alternative Educational Loans.”
- Only apply for one private loan at a time.
- Private loans will be certified for the amount requested – up to the student’s Summer Cost of Attendance minus any other financial aid the student is receiving for the Summer term.
- Summer Private loans will be certified for the Summer enrollment period only. Loans for the Standard Academic Year must be applied for separately.
If I Drop a Class, Does it Affect My Summer Financial Aid?
Before you drop a summer class, read the refund and withdrawal policies in the Summer Class Schedule.
If you receive financial aid for Summer and you drop one or more classes but not all classes before the end of the session, you may be required to repay part or all of the funds you received. If the withdrawal results in enrollment in less than 6 units for Summer, your financial aid awards will be cancelled and you will be billed for the resulting charges.
If you receive financial aid for Summer and you withdraw from all courses before the end of the term, you will most likely be required to return a portion of your aid. A calculation will be performed based on when you last attended and/or withdrew from your courses.
Please be aware that partial or full withdrawals from summer term, where a grade of W is assigned, may impact your Satisfactory Academic Progress standing.
Satisfactory Academic Progress -Summer
All offers of summer financial aid are contingent on students successfully completing courses for the Spring semester. We will review grades at the end of the semester and if you do not meet the requirements of our Satisfactory Academic Progress Policy, your summer financial aid will be cancelled. If any summer financial aid funds have been disbursed prior to the SAP review, you may be billed.
Summer Session Financial Aid - Important Dates
|3/04/2019||Summer Registration Begins|
|5/20/2019||First Day of Classes for May Intersession (May 20 - June 7)|
|5/28/2019||First Day of Classes for Summer Session I and Full Summer Session|
|7/08/2019||First Day of Classes for Summer Session III|
|8/16/2019||Last Day of Summer classes.|