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General Info | | |
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Summer Financial Aid 2008
If you are depending on financial aid funds to pay for summer school, be sure that you have completed the financial aid process (including applying and accepting an award and signing any appropriate promissory notes) before you begin classes. The summer term at CU-Boulder is considered the last term of the year. What that means for you is that if you’ve used all your financial aid eligibility and reached your annual loan limits during the academic year (August-May), you will not have any eligibility left for summer (May-August). Please note that there are no Perkins loan funds or grant funds available for summer aid, unless you were awarded a federal Pell grant and you didn’t receive the total amount that you were eligible for during the fall and spring semesters. If you have no more aid eligibility, you may need to consider an Alternative Student Loan that you have to apply for through a private lender or bank.
Read the rest of this page for additional financial aid requirements. For more information on registering for the summer session, visit the Summer Session page.
Forms that you may need
Study Abroad Students CU-Boulder degree-seeking students that are participating in a CU-Boulder study abroad program must complete a Manual Summer Application. Study Abroad students who are not enrolled in a CU-Boulder program are not eligible for financial aid from CU-Boulder. See a financial aid counselor or visit our study abroad page if you have questions. Exception: Students in the College of Architecture and Planning who are enrolled in the UCD Study Abroad programs may be eligible for financial aid from CU-Boulder. Follow the instructions on the manual application to apply for summer aid. If you have questions, see a counselor in the financial aid office.
Nondegree Students
Visiting Students
Awards are made after we receive your FAFSA information, including the pertinent tax returns, and your CU-Boulder summer application. Student aid is awarded based on financial need. Undergraduates will be considered for the Pell Grant if they have remaining eligibility from the academic year.
Student aid is awarded based on financial need which is determined by the number of credit hours and the length of your summer enrollment. This eligibility is based on the information you provide on your summer financial aid application and your actual enrollment. Undergraduates will be considered for the Pell Grant if they have remaining eligibility from the 2007-08 academic year. Federal loans have an annual limit for eligible students as follows:
* Your grade Level is determined by the amount of hours you have earned, not the amount of hours you have attempted. ** The limit may be comprised of just a subsidized Stafford Loan or just an Unsubsidized Stafford loan or a combination of both. This is determined by your EFC. For example; if you are a junior and borrowed $5,000 of your $5,500 subsidized Stafford loan eligibility during the academic year, you are eligible for the remaining $500 of the subsidized Stafford loan. Independent students who have not already borrowed their annual limit may be eligible to borrow additional unsubsidized Stafford loans. In order to receive federal loans for summer, you must be enrolled at least half-time. Self-paced correspondence and no-credit classes do not count toward enrollment. Note: Half-time for undergraduates is defined as 6 hours for financial aid eligibility. Graduate students should consult the Office of Financial Aid to determine half-time enrollment according to their graduate status.
Changes in Enrollment If you drop below half-time enrollment during the summer, you may become ineligible for all or a portion of your loans. If changes are necessary, you will be notified, and your university bill will be charged. If your summer enrollment changes from what you initially indicated in your summer aid application, or if you later drop a summer course, you may become ineligible for the aid you were offered or may be required to repay some or all of the funds you have already received. Special Circumstances You may appeal to the Office of Financial Aid if you have special circumstances (i.e., unusual medical expenses, a significant decrease in income) that should be considered when evaluating your financial aid eligibility. All documentation necessary for your appeal to be reviewed must be turned in to our office no later than three weeks before the last day of your summer classes. Therefore, it is suggested you initiate the appeal process much earlier than three weeks before this. To start the appeal, you will need to write a detailed letter explaining your situation to our office. Reasonable Academic Progress Federal law requires students receiving financial aid to make reasonable academic progress toward their degree. If you do not meet minimum requirements in the spring 2008 semester, you will lose your eligibility (pending appeal) for summer aid, including aid that you received for Maymester. For more detail, please read our Reasonable Academic Progress Policy. Withdrawing and Financial Aid You may be required to repay some or all of your financial aid if you withdraw from school. Summer Work Study Priority is given to all applicants who complete the summer application process by March 15. Preference for work-study is given to those students who had work-study earnings during the previous academic year. If you have not been awarded work-study by May 15, it is unlikely that you will receive a summer work-study award. Summer work-study awards can be earned during the 14 weeks between May 4 and August 9, 2008. To be awarded work-study if you are not enrolled in classes for the summer term, you must have been enrolled at CU-Boulder during spring and you must be enrolled in classes for the following fall semester by May 4, 2008. In addition, if you are awarded summer work-study, you may be assessed a summer savings requirement. This amount is the difference between your summer aid eligibility and your work-study award. Any part of your work-study award which exceeds your aid eligibility is considered summer savings. This amount will be noted on your summer award letter. It will also appear on your 2008-09 financial aid award offer as a resource. You are expected to save this amount from your summer earnings to use toward your 2008-09 school-year expenses. If you are awarded summer work-study, you must begin earning your work-study award by May 31, 2008. If you cannot begin working by this date, you must notify the Office of Financial Aid or your award will be cancelled. We assume you will work the full 14 weeks during the summer. If you plan to work less than 14 weeks, contact the Student Employment Office at 303-492-7349 or email stdemp@colorado.edu. If you wish to apply for a work-study increase for summer, download a work-study increase request form from www.colorado.edu/studentemployment/studentforms.html or fill out the request form online at www.colorado.edu/studentemployment/fillincreaseay.html.
To comply with the Revenue Reconciliation Act of 1990, student employees, including work-study recipients, are required to contribute to a retirement fund. If you are an undergraduate student taking less than 6 credit hours, or a graduate student taking less than 3 credit hours, or regularly working 40 or more hours per week, a retirement deduction will be taken from your paycheck, so plan accordingly.
Both work-study and non-work-study positions for summer are listed online at cuconnect.colorado.edu. Positions include clerical assistants, food service workers, grounds keepers, night clerks, painters, conference aides, lab assistants, student librarians, cashiers, and peer counselors. The Job Location and Development (JLD) program is also available to assist you in locating suitable off-campus hourly employment. For more information on the services we provide, visit the Student Employment Office in Regent 205 or call 303-492-7349.
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