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Summer Session Financial Aid

Financial Aid for Summer 2018

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 2017-2018 FAFSA application, and your aid options will typically consist of any aid you did not use during the academic year.

 

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:

  1. 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.
  2. 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.

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 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.  

How to Apply for a Summer Grant

If you would like to have your eligibility for the Pell Grant reviewed for the Summer Semester, complete the Summer 2018 Financial Aid Application for Undergraduate & Credential Students.  We will review your eligibility based on your enrollment plans you provide on the application.  We will notify you of your eligibility by email within 5 days of receiving your application; any awards offered to you will be available for viewing (and require acceptance) on MyCSULB.

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 2017-2018 academic year
  • Are meeting CSULB’s SAP standards
  • Undergraduate & Credential Students:
    Enrolled in a minimum of 6 credit hours during the Summer 2018 term
  • Graduate/Professional Students:
    Enrolled at least half time during the Summer 2018 term. Master’s Degree - enrolled in a minimum of 4 credit hours & Doctoral Degree - enrolled in a minimum of 3 credit hours

To have your eligibility reviewed for a loan for the Summer semester, submit the Summer 2018 Financial Aid Application.  We will calculate your eligibility based on your planned enrollment as reported on the application.  Applications received will be processed on a rolling basis in order of date received. Please allow up to 5 business days for processing.

 

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). 

To Have Your Eligibility Reviewed for a Summer PLUS Loan:

  1. Complete the Summer 2018 Financial Aid Application (Undergraduate or Graduate, depending on the student's program of study).
  2. First time Direct PLUS borrowers are required to complete a PLUS promissory note. Prior borrowers who completed a PLUS promissory note for the 2017 – 2018 academic year are not required to complete a new PLUS promissory, unless an endorser was required to secure that loan.

We will calculate your eligibility based on the student's planned enrollment as reported on the application.  Applications received will be processed on a rolling basis in order of date received. Please allow up to 5 business days for processing.

Graduate PLUS Borrowers Only

  1. In addition to the above, Graduate PLUS borrowers must also complete the Graduate PLUS Entrance Counseling. The counseling only needs to be completed once at CSULB, so if you have previously borrowed a Graduate PLUS loan at CSULB, you do not need to complete the counseling again.

The Federal PLUS loan cannot be disbursed until the promissory note has been completed, and the loan credit approved.

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.

Applying for a Summer Private Loan

  1. Research lenders / loans online by searching either “Private Education Loans,” or “Alternative Educational Loans.”
  2. Once you have selected a lender, complete their Private Loan application.
  3. When completing the loan application, be sure to use only the Summer Loan Period. Loan periods extending beyond these dates cannot be included in the Summer Loan. If you wish to borrow a private loan for the Fall or Spring, please apply for that loan separately.
    • Summer Loan Period:
      May 21 – August 17, 2018
  4. Print, complete and sign the CSULB Summer Private Loan Request form (PDF).
  5. Enroll in your Summer courses. Although payment of your Summer Fees is due within 30 days of registration – or by the Summer Fee Payment deadline, your credit-approved private loan will postpone payment of your Summer fees once CSULB has certified the loan.

Summer Private loans will be processed based on the enrollment information you include on your Loan Request Form.  Applications received will be processed on a rolling basis in order of date received. Please allow up to 5 business days for processing.

Release of Private Loan Funds
Private loans are released according to the following schedule, however, the actual date funds are released is dependent upon when funds are actually received at CSULB from the lender. :

  • May Intersession: 5/21/2018
  • Full Summer Session: 5/21/2018
  • Summer Session I: 5/21/2018
  • Summer Session III: 7/9/2018 (for students enrolled in Session III only)

Applying for Summer Aid - Undergraduate & Credential

We understand that planning for summer and applying for financial aid can be overwhelming, so we have created a simple 4-step process:

Step 1:  Complete the 2018 Summer Financial Aid Application for Undergraduate & Credential Students

We will use your Summer Aid Application to review your eligibility for the following federal aid programs:

  • Federal Pell Grant
  • Federal Direct Student Loans (Subsidized & Unsubsidized Loan)
  • Federal Direct Parent PLUS Loan

You can turn in your application beginning Tuesday, March 6th.  Be sure to turn your application in at least 2 weeks before the end of your last summer class to allow enough time for our office to review your eligibility, offer your awards, and release your funds prior to the end of your enrollment.

*If you want to borrow a private education loan, please use the Summer Private Loan Request Form.

Step 2:  Find Out What Aid You Can Get

Once we review your application and have determined your eligibility, you will receive an email notification regarding your aid eligibility for Summer.  You will also be able to view any aid awards on MyCSULB. 

If additional information is needed to complete your application prior to offering awards, we will notify you by email.

Step 3:  Accept Your Aid

Your aid offer will be displayed on MyCSULB.  You will need to accept your awards on MyCSULB so they can be used to postpone payment of your Summer Fees and so the aid can be released.

Step 4:  Your Aid Gets Released

The first release date for Summer 2018 financial aid will be May 21, 2018, and then on a daily basis thereafter.  In most cases, summer aid will be paid at the beginning of your first summer course.  Refer to the following aid-release schedule:

  • May Intersession: 5/21/2018
  • Full Summer Session: 5/21/2018
  • Summer Session I: 5/21/2018
  • Summer Session III: 7/9/2018 (for students enrolled in Session III only)

We will verify your enrollment before releasing your funds; remember that loans require you be enrolled in at least 6 units.  Once your aid is released, it will be applied to any outstanding summer tuition and fees. If your summer aid does not cover your full tuition and fees, you are responsible for paying the remaining balance.

A refund will be generated for any extra funds and will be released to you to via eRefund.  You can use the refund for your books & supplies or living expenses.

Things You Should Know:

  • Your aid may be cancelled if you do not complete the number of units, or enroll in each of the sessions, you indicated on your aid application.
  • You must be making Satisfactory Academic Progress, and have a complete 2017-2018 financial aid file.
  • You must be a current Undergraduate or Credential student who has not filed to graduate for Spring 2018, and has not been dismissed in the Fall or Spring semesters.
  • The Submission of a Summer 2018 Aid Application does not guarantee you will receive summer aid - you must meet eligiblity criteria.

Applying for Summer Aid - Graduate Students

We understand that planning for summer and applying for financial aid can be overwhelming, so we have created a simple 4-step process:

Step 1:  Complete the 2018 Summer Financial Aid Application for Graduate Students

We will use your Summer Aid Application to review your eligibility for the following federal aid programs:

  • Federal Direct Student Loans (Unsubsidized Loan)
  • Federal Direct Graduate PLUS Loan

You can turn in your application in beginning Tuesday, March 6th.  Be sure to turn your application in at least 2 weeks before the end of your last summer class to allow enough time for our office to review your eligibility, offer your awards, and release your funds prior to the end of your enrollment.

*If you want to borrow a private education loan, please use the Summer Private Loan Request Form.

Step 2:  Find Out What Aid You Can Get

Once we review your application and have determined your eligibility, you will receive an email notification regarding your aid eligibility for Summer.  You will also be able to view any aid awards on MyCSULB. 

If additional information is needed to complete your application prior to offering awards, we will notify you by email.

Step 3:  Accept Your Aid

Your aid offer will be displayed on MyCSULB.  You will need to accept your awards on MyCSULB so they can be used to postpone payment of your Summer Fees and so the aid can be released.

Step 4:  Your Aid Gets Released

The first release date for Summer 2018 financial aid will be May 21, 2018, and then on a daily basis thereafter.  In most cases, summer aid will be paid at the beginning of your first summer course.  Refer to the following aid-release schedule: 

  • May Intersession: 5/21/2018
  • Full Summer Session: 5/21/2018
  • Summer Session I: 5/21/2018
  • Summer Session III: 7/9/2018 (for students enrolled in Session III only)

We will verify your enrollment before releasing your funds.  Once your aid is released, it will be applied to any outstanding summer tuition and fees. If your summer aid does not cover your full tuition and fees, you are responsible for paying the remaining balance.

A refund will be generated for any extra funds and will be released to you to via eRefund.  You can use the refund for your books & supplies or living expenses.

Things You Should Know:

  • Your aid may be cancelled if you do not complete the number of units, or enroll in each of the sessions, you indicated on your aid application.
  • You must be making Satisfactory Academic Progress, and have a complete 2017-2018 financial aid file.
  • You must be a current Graduate student who has not filed to graduate for Spring 2018, and has not been dismissed in the Fall or Spring semesters.
  • The Submission of a Summer 2018 Aid Application does not guarantee you will receive summer aid - you must meet eligiblity criteria.

 

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.

Partial Withdrawal
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.

Full Withdrawal
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 

Summer Financial Aid Timeline
Date Event
3/05/2018  Summer Registration Begins  
3/05/2018 Summer Aid Application Available (Graduate Students)
3/06/2018 Summer Aid Application Available (Undergraduate & Credential Students)
3/06/2018 Summer Private Loan Application Available
5/21/2018  First Day of Classes for May Intersession (May 21 - June 8) 
5/21/2018  Loan disbursement for May Intersession, Summer Session I, or Full Summer Session 
5/29/2018 First Day of Classes for Summer Session I and Full Summer Session
6/01/2018 Priority Application deadline for Summer Aid
6/08/2018 SAP Review for Spring semester completed and notifications sent
7/09/2018 First Day of Classes for Summer Session III
7/09/2018 Aid disbursement for students enrolled only in Summer Session III
8/17/2018 Last Day of Summer classes. All summer aid must be disbursed by this date