Summer Financial Aid Information
- Must complete a summer aid application in AccessPlus under the “Financial Aid” menu after registering for summer classes
- Must file the 2017-2018 FAFSA at fafsa.ed.gov by June 30, 2018 to be considered for summer financial aid
- You will be notified via email when your summer financial aid award letter is viewable in AccessPlus
- If you are a new transfer student to ISU, your summer financial aid eligibility may be limited based on aid received at your prior school
Minimum Enrollment Requirements
Students must be enrolled in coursework that is considered at least half-time status to be eligible for financial aid. Below are the number of credits in which a student must be enrolled to be considered half-time. Enrollment requirements for the Office of Student Financial Aid and for the Office of the Registrar may differ. Full-time certification for internships or through Student Disability Resources does not guarantee financial aid eligibility. C-base graduate assistants who are on assistantships for the summer must be enrolled in one credit to receive federal student aid.
|4 weeks||1.5 credits||1.5 credits|
|6 weeks||2.5 credits||2 credits|
|8 weeks||3 credits||2.5 credits|
|10 weeks||4 credits||3 credits|
|12 weeks||4.5 credits||3.5 credits|
Sources of Summer Aid
Students that are eligible to receive a Federal Pell Grant according to the expected family contribution (EFC) calculated on their 2017-2018 FAFSA may be eligible to receive Federal Pell Grant funds during the summer 2018 term. The amount awarded will be prorated based on enrollment, not to exceed 50% of the maximum amount listed on your Student Aid Report (SAR). Students that attended full-time during fall 2017 and spring 2018, must be enrolled at least half-time summer 2018 to be considered for Federal Pell Grant funds. The amount awarded will count towards the student’s maximum lifetime limit. To apply:
- Register for summer courses
- Complete the Summer Aid App on AccessPlus
Loan funds are available through the Stafford Loan, PLUS Loan, or Private Loan Programs. Maximum loan amounts for the Federal Direct Stafford Loan Program, based in part on the cost of attendance, are listed below:
- Freshmen: $2,750 (Dependent) or $4,750 (Independent)
- Sophomores: $3,250 (Dependent) or $5,250 (Independent)
- Juniors/Seniors: $3,750 (Dependent) or $6,250 (Independent)
- Graduate Students: $10,250
The Financial Aid Office calculates students’ eligibility and offers them aid packages through the Federal Pell Grant program, Federal Direct Subsidized Stafford Loan (interest paid by the government), and Federal Direct Unsubsidized Stafford Loan (borrower pays the interest). Parents of students may also borrow for their student using the Federal Direct PLUS Loan program. Graduate and Veterinary Medicine students may also borrow using the Federal Direct Graduate PLUS Loan program. Additionally, students or their parents may borrow through private loan programs if they have eligibility according to their cost of attendance.
Each Iowa State student will be sent an email after their summer aid has been processed. Students can then view their awards on AccessPlus.
Students and their parents should consider all of their costs to determine how much money will be needed for Summer attendance. The Registrar’s Office lists Summer Tuition and Fees on its website.