Summer Financial Aid Process

Applying for SUMMER 2013 Financial Aid

We encourage students NOT TO REGISTER for summer classes until they have determined that they have sufficient resources to cover the tuition and fees.  Since the summer term is at the end of the academic and financial aid award year, eligibility for summer financial aid is limited.  Additionally, since the summer is comprised of several mini-sessions within the semester - financial aid will not be disbursed, and final eligibility determined, until the last session that you are enrolled in (to make up your enrollment status) begins.

Understanding the Summer Financial Aid Process:

• Students are expected to purchase books using their own resources.

• The deadline to complete all Summer Financial Aid requirements is June 28, 2013.

• Be prepared to submit a copy of your 2011 Federal Tax Return(s) and supporting documentation, if requested. 

• An admission status of Non-Degree Seeking, Student-At-Large, Summer-Only, or Incarcerated Students are not eligible for financial assistance.

• Loan funds are disbursed during the last session in which you have enrolled for the Summer 2013 term.  Eligibility for aid will be re-evaluated at that time. 

• Dropping below half-time (6 hours) will cause you to lose federal loan eligibility.

• Loans awarded may be less than the amount requested.   The awarded aid must be reviewed on RUAccess .

Eligibility Requirements: 

• A free application for Federal Student Aid (FAFSA) for the 2012-2013 must be on file with the Financial Aid Office.

• Complete a Roosevelt University 2013 Summer Loan Application.

• A Direct Loan Master Promissory Note (MPN) and Entrance Counseling Requirement, only if you are a first time Roosevelt borrower and are interested in federal loans.

• Must be meeting the Federal Satisfactory Academic Progress (SAP) guidelines at the end of the Spring 2013 semester in order to continue to participate in Federal aid programs for the summer.

• Maintain enrollment in at least six hours to be eligible for summer financial assistance.  The Pell grant for undergraduate students is the only exception to this.

Financial Aid Options for Summer 2013:

• The Federal Pell Grant Program - Students who have not utilized their full funding already may have some limited eligibility remaining (some restrictions apply).  

• Federal Subsidized/Unsubsidized Stafford Loans - These awards will be based on the students remaining eligibility from the 2012-2013 academic year.

Note:  Continuing or transfer students who received federal loans within the last 9 months will have limited funding available. Please contact the Office of Financial Aid if you have additional questions.

The following loan programs require a credit check:

• Federal Parent Plus Loan for Dependent Students

• Federal Graduate Plus Loan

• Private Alternative Loans students need to apply directly with a private bank/lender first

Disclaimers:

Below you will find important policies that govern how Federal Financial Aid is determined at Roosevelt University.  Please become familiar with these policies to assure your Federal Aid will be processed in a timely manner. 

Financial Aid Satisfactory Academic Progress Policy  
Financial Aid Certifications Requirement Statements 
Federal Return of Title IV Funds Policy

Note:  These financial aid requirements reflect the regulations effective at the time of publication and are subject to change without notice.