Summer Financial Aid Information

Important Dates

  • May 1st, 2018 - Register by May 1st for priority consideration.
  • July 6th, 2018 - Final deadline for Summer Financial Aid.

How to apply for Summer Financial Aid

The Financial Aid Office will evaluate your eligibility once you have completed the steps below:

  1. Complete the 2017-2018 Free Application for Federal Student Aid (FAFSA) online at www.fafsa.gov. If you have already completed a 2017-2018 FAFSA, you do not need to complete a new one.
  2. Register for Summer Courses (register up front for all courses that you plan to attend). NOTE: IF you change your Summer enrollment, you must notify the Financial Aid Office immediately. Any change in enrollment could affect aid eligibility.  Attendance at another institution during the year may also affect summer eligibility.
  3. After registering in at least half-time status, our office will be notified and will evaluate your eligibility for summer aid within 10 - 15 business days of registration.

Once your eligibility has been evaluated, your myMemphis account will be undated to reflect your status.

Eligibility Requirements for Summer 2018 Financial Aid

  • Students must complete the 2017-2018 FAFSA online at www.fafsa.gov.  If you have already completed a 2017-2017 FAFSA, you do not need to complete a new one.
  • You must register for Summer 2018 Courses before your eligibility will be evaluated.  If you are receiving a Pell Grant and plan to enroll less than half-time, contact our office to have your eligibility calculated.
  • Register up front for all summer courses you plan to attend.  The student will be responsible to pay the additional course fees for any courses added after summer aid has been applied.
  • You must be fully admitted to a degree seeking program.
  • You must meet the terms of the Satisfactory Academic Progress policy at https://www.memphis.edu/financialaid/eligibility.php#Progress either by being in good standing according to the policy or by having an appeal approved and agreeing to the terms of an academic plan that will allow you to receive aid while regaining good standing.
  • You cannot be in default on a student loan or owe a repayment to a Federal Grant.
  • Receipt of additional financial assistance from any source could affect Federal Aid eligibility. Failure to report other sources of aid may result in required repayment of Federal Aid funds.

Federal Pell Grant

  • Students may only be eligible for Summer Pell Grant funds if:
    • they were enrolled less than full time during the Fall and/or Spring semesters and did not use all of their Pell Grant eligibility during the current academic year either at the University of Memphis or any other college.
    • they enrolled full-time and used 100% of their Pell Grant, students can receive additional Pell Grant by enrolling in at least 6 credit hours over the summer term(s).
  • If you are currently receiving a Pell Grant and plan to enroll less than half-time, contact the Student Financial Aid Office to have your eligibility evaluated. 
  • They have not received their lifetime eligibility usage of 6 years/600%.
  • Graduate students are not eligible to receive a Pell Grant.

Student Loans

  • You must be enrolled at least half-time (6 hours - Undergraduate students / 5 Graduate credit hours - Graduate Students; 3 Law credit hours – Law students) to be eligible for a federal student loan.
  • The Financial Aid Office will evaluate eligibility for student loans.  Federal Direct Stafford Loans received in previous semesters for the 2017-2018 academic year will affect Summer 2018 loan eligibility.
  • Students who have already received the maximum Federal Direct Stafford loan amount for the 2017-2018 academic year will not be eligible for summer loans.
  • If a student has progressed a grade level (i.e. Sophomore to Junior) additional funds may be available and eligibility will be evaluated after the spring term has ended.
  • Students who have reached the aggregate Federal Direct Stafford (lifetime) loan limits for their academic level are not eligible for additional loan funds.
  • Graduate/Law Students:  If you borrowed your entire $20,500 unsubsidized loan during the Fall 2017 and Spring 2018 semesters, your option in the Summer is to apply for the Federal Direct Graduate PLUS Loan at https://studentloans.gov . This loan is based on the borrower not having an adverse credit history.
    • Go to https://studentloans.gov
    • Click on Apply for a Direct PLUS Loan
    • Then select Direct PLUS Loan Application for Graduate/Professional Students
    • Aid Year: 2017-2018
    • Loan Period: May through August, 2018
  • Parent of Dependent Students: To apply for a Federal Direct Parent PLUS Loan, go to https://studentloans.gov . This loan is based on the borrower not having an adverse credit history.
    • Go to https://studentloans.gov
    • Click on Apply for a Direct PLUS Loan
    • Then select Direct PLUS Loan Application for Parents
    • Aid Year: 2017-2018
    • Loan Period: May through August, 2018
    • Parent information must be used when applying for Direct Parent PLUS Loan.

Summer Disbursement of Funds

  • Pell Grants will be disbursed in the first full Summer Session (i.e. If the student has 3 hours during the Summer 1 Session and 3 hours for the Summer 2 Session, the Pell Grant will be disbursed to the Student's account during the Summer 1 Session.). The Pell Grant will then be adjusted for the second summer session if the student never enrolls for the second summer session.
  • Summer loans will be disbursed in the 1st full Summer Session to include any sessions as long as the enrollment is at least half-time. If second session courses are dropped prior to the begin date of the second session, then the student loans will be adjusted or canceled entirely (for less than half time enrollment).
  • IMPORTANT NOTE: Dropping courses may result in the student owing back money. Any change in enrollment should be reported to the Financial Aid Office.

How to Pay Summer Fees

For information on fee payment methods, please visit the Bursar's website at: https://www.memphis.edu/bursar/fees/fee.php
Other fee information can be found on the Bursar's website at https://www.memphis.edu/bursar/fees/index.php
*Payment plans are NOT available for the summer semester.

Study Abroad

Study Abroad students seeking federal aid must also be enrolled in at least half time to qualify and must meet all other requirements as noted above.  A Transfer Credit Request Form must be on file with the Admissions Office before aid can be processed.

https://www.memphis.edu/admissions/pdfs/tcr.pdf

HOPE Scholarship for Summer

For information regarding eligibility for the HOPE Scholarship during summer term, please visit https://www.memphis.edu/scholarships/pdfs/summerhopescholarshipinfo.pdf

Transfer Students

  • Eligibility for transfer students may be limited based on federal loans and/or grants received at another institution during the academic year.
  • Transient students are not eligible to receive federal student aid.