SUMMER FINANCIAL AID
For students anticipating enrollment in summer classes, the only financial aid offered is Federal Direct Loans and Private Educational Loans. Students are only eligible to receive up to the maximum allowed amount of their summer cost of attendance budget (determined by the Office of Student Financial Aid).
The cost PER CREDIT HOUR for summer classes are as follows:
Maryland Resident Undergraduate: $198.00 per credit hour
Maryland Resident Graduate: $301.00 per credit hour
Non-Maryland Resident Undergraduate: $508.00 per credit hour
Non-Maryland Resident Graduate: $537.00 per credit hour
*each individual summer session charges $43.00 in fees for all students
SUMMER LOAN APPLICATION PROCESS/GUIDELINES
A student may apply to borrow Stafford loans for the summer if they did not borrow their maximum annual Stafford loan amount for the preceding semesters (Fall 2014/Spring 2015). Check out "AM I ELIGIBLE " for step-by-step instructions on how to determine if you have any remaining loan eligibility. If a student is unsure of their Stafford Loan amount(s) awarded for the preceding semesters, they should view them at MyUMES/HawkWeb prior to submiting a Summer Loan Request Form. First time Direct Loan borrowers at UMES are required to complete their online Loan Entrance Counseling and Master Promissory Note once the summer loan has been originated by the University.
If the student has exhausted their maximum annual Stafford loan amounts, there are a few other loan options available that are listed below:
Parents of dependent students may choose to apply for a Parent Loan for Undergraduate Students (PLUS). To apply, please go online to www.studentloans.gov
to apply (making sure you list the loan period start date as 6/1/15 and end date of 8/7/15).
- Students may also apply for private educational loans (alternative loans) to assist with the cost of Summer enrollment. The University does not endorse any specific lenders. Borrowers and co-borrowers are encouraged to carefully review all alternative loan conditions before selecting this option.
PRIOR to submitting a Summer Loan Request Form, a student must complete the following:
- A Free Application for Federal Student Aid (FAFSA) for the current academic year (2014-2015),
- Register for a minimum of 6 summer credit hours TOTAL
- Have remaining annual loan funds available (see information above).
AVAILABLE APRIL 15, 2015 - JULY 31, 2015
Summer Loan Request Form
(To download the application, click on link above)
Please feel free to contact the OSFA at 410-651-6172 or firstname.lastname@example.org, if you require any additional information.