Important Summer Information Bulletin

Students may request financial aid for SUMMER 2012 on Self-Service beginning February 1, 2012 exclusively on Self-Service via MyFAU. Apply early because funds will be available on a first-come first-served basis.  Summer Awarding will begin mid-April.

  • Log on to MyFAU
  • Click on the "Money Matters!" tab
  • Click on the "Request for SUMMER 2012 Financial Aid" link
  • Click on the "Financial Aid" tab
  • Click on the "My Award Information" link
  • Click on the "Award for Aid Year" link (select award year 2011-2012, if prompted)            
  • Click on the " Resources/Additional Information " tab

THERE ARE ONLY 4 QUESTIONS THAT MUST BE ANSWERED TO REQUEST SUMMER FINANCIAL AID

 
Students requesting to be processed for financial aid for the SUMMER 2012 terms, must meet the following requirements:

  1. The applicant MUST have completed a 2011-2012 FAFSA and must have it on file in the FAU Office of Student Financial Aid.
  2. The applicant MUST have NO unsatisfied document requirements.
  3. The applicant MUST meet all other general aid requirements (including admission to an eligible degree).
  4. The applicant MUST respond to ALL questions regarding SUMMER financial aid on Self-Service.

THE SUMMER 2012 TERM REQUEST FOR FINANCIAL AID WILL NOT BE PROCESSED IF THE CRITERIA ABOVE IS NOT MET.   

Click on the links below for more details:
 FAU Enrollment Eligibility
Short Term Advance
 Registering for Courses
Tuition & Fee Postponement
 Disbursements
Concurrent Enrollment
Consortium Students

Summer STA Information  

Short Term Advance Important Note: 
The Short Term Advance application will be available on April 27, 2012.  The first disbursement will be approximately 3 BUSINESS days before the first day of classes.  

If half-time enrollment is contingent upon SUMMER term 3 credit hours, the Short Term Advance will NOT disburse until  AFTER the drop/add deadline of SUMMER term 3, unless you are also registered in SUMMER terms 1 and/or 2 .  Click here for more details.
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Many funds are limited in availability and will be awarded based on the date the student has satisfied the requirements above.  Financial Aid from the State is NOT available during SUMMER terms (i.e.  Bright Futures, FSAG).  You are also responsible for adhering to all of the conditions listed below.
  
FAU Enrollment Eligibility  To be considered eligible for most forms of financial aid, you must attend at least half-time at FAU. See the REGISTRATION section below for definition of half-time enrollment.  If you are not enrolled at least half-time at FAU, you will be viewed as INELIGIBLE for ALL financial aid
funding with the exception of Federal Pell Grant funding (if you qualify) and certain private/alternative loan products. Consortium students (students taking ZERO credits at FAU but planning to receive aid from FAU while attending at another institution) should refer to the Consortium Student section below.    
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Registering for Courses 

Advance Registration begins April 2, 2012 for SUMMER 2012 and FALL 2012.  Financial Aid applicants MUST be registered and remain at least half time (see criteria below for definition of half-time enrollment) regardless of term(s) the student plans to attend.  ALL SUMMER course registration for Terms 1, 2 or 3 MUST be completed by

SUMMER Term 1 drop/add deadline of May 18, 2012. Click here to view the  Academic Calendar. With the exception of Consortium Students (see above), students not attending at least half-time at FAU will be viewed as INELIGIBLE for ALL financial aid funding with the exception of Federal Pell Grant funding (if they qualify) and certain private/alternative loan products. Please be advised that, regardless of award projections, all types of grant support are directly linked to the hours attending. At the end of drop/add week, it is your final enrollment upon which grant disbursements will be calculated. Grants may be reduced based on changes in hours enrolled.

Students who withdraw from ALL their SUMMER Term 1 AND SUMMER Term 2 courses, and are registered for SUMMER Term 3, MUST submit the Confirmation of Summer 3 Attendance Form to the Office of Student Financial Aid.  The form serves as written confirmation of intent to attend SUMMER Term 3.  In addition, this form MUST be submitted within 10 BUSINESS DAYS of ceasing enrollment in SUMMER Term 1 and 2 courses.  

Enrollment classification is determined according to the table below:   

FULL TIME ENROLLMENT CREDIT HOURS
Undergraduate (including second bachelors) 12 hours
Graduate 6 hours
3/4 TIME ENROLLMENT CREDIT HOURS
Undergraduate (including second bachelors) 9 hours
Graduate 5  hours
1/2 TIME ENROLLMENT CREDIT HOURS
Undergraduate (including second bachelors) 6 hours
Graduate 3 hours
LESS THAN HALF TIME CREDIT HOURS
You will NOT be eligible for grants if you are enrolled less than ½ time at FAU.  In some cases, Federal PELL Grant recipients may be eligible to receive their PELL Grant with less than ½ time enrollment.  There are some Private Alternative Loans available for students enrolled less than half-time.

GRADUATE STUDENTS: Registrations exceeding 15 credits in any semester must be approved in advance by the Graduate College. This procedure is accomplished by completing a Graduate Request to Waive a University Regulation form, available in any College Dean’s office. Students who drop courses during the FALL or SPRING terms, reducing their registration below 9 credits, will be regarded as part-time students.
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Tuition & Fee Postponement 

Tuition­ and fees will be automatically postponed for all financial aid recipients (except Federal  Work Study) whose award offer(s) has been accepted online by the drop/add deadline ( May 18, 2012 ).

In addition, financial aid recipients must meet the classification and enrollment criteria required for disbursement.  Students accepting Federal Stafford Loans must complete the Master Promissory Note (MPN) by the drop/add deadline in order to qualify for deferment.  If your financial aid is insufficient to cover your tuition and fees, you will be assessed a late fee of $100, unless you pay the difference by the fee payment deadline (May 21, 2012).  Therefore, if you decide not to attend classes, YOU WILL BE FEE LIABLE UNLESS YOU FORMALLY WITHDRAW FROM ALL COURSES WITH THE REGISTRAR’S OFFICE PRIOR TO THE END OF DROP/ADD. Failure to attend classes, to pick up a check, to sign a promissory note, cancellation of financial aid, or moving out of the dormitory, etc. will not release you from fee liability.   
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Disbursements  You may not be paid in full until ALL your courses actually begin. Failure to attend and document attendance may result in repayment.
  • BRIGHT FUTURES SCHOLARSHIPS
    Bright Futures Scholarships are NOT available for the SUMMER terms.  You must complete the 2011-2012 FAFSA if you are interested in applying for other types of aid.
      
  • PELL GRANT RECIPIENTS
    The Second Pell Grant award has been eliminated and will NOT be offered during the SUMMER 2012 terms:
         Students are eligible to receive a maximum of 2 full time Federal Pell Grant disbursements in the 2011-2012 year. If you have received Federal Pell Grant funding in both Fall 2011 and Spring 2012 for 12 or more credits of undergraduate enrollment each semester, it is likely you have exhausted your annual eligibility and will be ineligible to receive Federal Pell Grant funding in Summer 2012.        
      
  • FAU GRANTS & LOANS
    Institutional Grants (FAU Undergraduate Grant & FAU Graduate Grant), Perkins Loan and the FAU Loan will be awarded on a first-come first-served basis to students meeting the program eligibility requirements.  Because of this, it is advised that students complete the SUMMER financial aid questions on Self-Service, as close to February 2nd as possible.  Payment amounts will be calculated and disbursed for FAU credit hours ONLY  (see the REGISTRATION section above for definition of enrollment levels).  Students MUST be enrolled at least half-time at FAU to be eligible and campus based aid will pay on FAU CREDITS ONLY.  If half-time enrollment is contingent upon SUMMER term 3 credit hours, NO grant funds will be disbursed until AFTER the drop/add deadline of SUMMER term 3, even if you are also registered in SUMMER terms 1 and/or 2. 
       

  • STAFFORD LOAN RECIPIENTS
    There are Annual Stafford Loan limits which represents the maximum which you are allowed to borrow through the Federal Stafford Loan Program each academic year.  Annual Stafford Loan limits vary based on your dependency status and grade level. Students MUST be a minimum of half-time at FAU in order to qualify for Stafford Loans. If your FAU SUMMER enrollment is in SUMMER term 3 ONLY, NO loan funds will be disbursed until AFTER the drop/add deadline of SUMMER term 3.

    IMPORTANT NOTE FOR FEDERAL STAFFORD AND FEDERAL PLUS LOAN RECIPIENTS:
    If you do not maintain half-time enrollment and attendance status for the entire SUMMER 2012 term, you may be required to immediately repay any disbursed loan proceeds for the SUMMER 2012 terms.  This includes:          

    1. any amount of disbursed loan proceeds which were applied as payment for tuition for your SUMMER term 1, SUMMER term 2 and SUMMER term 3 classes,
    2. any residual refunds you received from loan proceeds after tuition was paid.

ANNUAL LIMITS

 

Dependent

Independent

Academic Level

Maximum Total Amount

Maximum Total Amount

Freshman

$5,500 (of which $3,500 may be subsidized)

$9,500 (of which $3,500 may be subsidized)

Sophomore

$6,500 (of which $4,500 may be subsidized)

$10,500 (of which $4,500 may be subsidized)

Junior

$7,500 (of which $5,500 may be subsidized)

$12,500 (of which $5,500 may be subsidized)

Senior

$7,500 (of which $5,500 may be subsidized)

$12,500 (of which $5,500 may be subsidized)

Second Bachelor

$7,500 (of which $5,500 may be subsidized)

$12,500 (of which $5,500 may be subsidized)

Graduate

 

$ 20,500 (of which $8,500 may be subsidized)

AGGREGATE LIMITS

Career

Dependency Status

Aggregate Limit

Undergraduate

Dependent

$31,000 (of which $23,000 may be subsidized)

Undergraduate

Independent

$57,500 (of which $23,000 may be subsidized)

Graduate

Independent

$138,500 (of which $65,500 may be subsidized)

NOTE : Per Federal regulations, GRADUATE students will be INELIGIBLE to receive Subsidized Stafford Loan disbursements after June 31, 2012.

PLUS & PRIVATE/ALTERNATIVE LOANS
If you or your parents are interested in receiving a Parent PLUS, Graduate PLUS or a Private/Alternative Loan, please refer to the FAU Financial Aid website at http://www.fau.edu/finaid/loans.  
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Concurrent Eligibility  Students who are planning to take courses at another institution in addition to taking courses at FAU must submit concurrent enrollment paperwork in order to have their financial aid eligibility based on their combined enrollment at both institutions.
To be considered eligible for most forms of financial aid, concurrently enrolled students must attend at least half-time at FAU. Concurrent enrollment will NOT be considered when calculating financial aid eligbility for FAU grants and/or scholarships.  See the REGISTRATION section below for definition of half-time enrollment. If a concurrently enrolled student is not attending at least half-time at FAU, they will be viewed as INELIGIBLE for ALL financial aid funding with the exception of Federal Pell Grant funding (if they qualify) and certain private/alternative loan products.  The Concurrent Enrollment Form is available online in .pdf format for you to download and print.

Submission of ALL Concurrent Paperwork for SUMMER is to be dated & submitted to the FAU Office of Student Financial Aid AFTER the last session drop/add deadline of the host school (see dates below) :

  • Broward College:  June 27, 2012
  • Indian River State College: June 27, 2012
  • Miami Dade College:  June 20, 2012
  • Palm Beach State College: June 25, 2012

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Consortium Eligibility  Consortium students are defined as students taking ZERO credits at FAU for ALL SUMMER 2011 terms but planning to receive aid from FAU while attending another institution. For consortium 
students to be considered eligible for most forms of financial aid, the student must attend at least half-time at their Host Institution.  Consortium enrollment will NOT be considered when calculating financial aid eligbility for FAU grants and/or scholarships. A consortium student who is not attending at least half-time at their host institution will be viewed as INELIGIBLE for ALL financial aid funding with the exception of Federal Pell Grant funding (if they qualify) and certain private/alternative loan products. Consortium Students should review and complete the Consortium Student Information Packet. This packet is available online in .pdf format for you to download and print.  
   
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