Summer Financial Aid Information

PLEASE NOTE: The last date to process a summer loan is August 6, 2018.  This is also the last date to submit an additional loan request an additional loan request for summer.  We will begin cancelling all summer loans that have not been accepted after this date.  Also, please note that all other requirements such as entrance counseling and the master promissory note must also be complete, or your loan will be cancelled.

Financial Aid for Summer Term (May-August)

Financial aid eligibility for the 2018 Summer Term is determined by the 2017-2018 FAFSA results. If you have not already done so, complete the 2017-2018 FAFSA online at www.fafsa.ed.gov

Because the Summer Term is considered part of the 2017-2018 academic year (trailer) for financial aid awarding purposes, student eligibility and funding resources may be limited. Eligible students will be awarded for summer once enrolled at least half-time in the summer term (this pertains to Grants and Federal Student Loans).  If you have a pell grant eligible EFC you may be able to receive pell funds regardless of your hours of enrollment if you have used less than 100% of your initial pell grant award.  Students are asked to complete registration for each session by May 1st.  Award adjustments must be made if enrollment status changes or attendance is not confirmed prior to the census date.

Eligibility for Grants

  1. Pell Grant awards for the Summer Term will be based on eligibility for the current academic year.
  2. Supplemental grant resources are limited and award offers will be based on FAFSA results.  Supplemental grant awards requires a minimum of 6 hours total enrollment.
  3. Only DEGREE SEEKING Lamar University students are eligible to receive Summer funding. A regular student is one who is seeking a degree from Lamar University. FAFSA results for transient and non-degree seeking students will not be processed for award offers.

Year Round Pell

Students who are eligible to receive pell grants funds for the 1718 award year may be eligible to receive an additional pell grant award for summer.

If you have received full-time pell for the Fall and Spring semesters, you may be eligible to receive an additional pell award for Summer.  To be eligible for the additional Pell Grant funds, you must be otherwise eligible to receive Pell Grant funds for the payment period and must be enrolled at least half-time.  If you have reached the Maximum Lifetime Eligibility Limit, you will not be eligible for any additional pell grant awards.

Eligibility for Student Loans

Summer loan eligibility is based on unmet need and yearly maximums.

Yearly Maximums for Direct Stafford Loans (Subsidized and Unsubsidized)
Undergraduate students
Dependent Independent
Freshman $5,500 (up to $3,500 in Subsidized loan)
Sophomore $6,500 (up to $4,500 in Subsidized loan) $10,500 (up to $4,500 in Subsidized loan)
Junior and Senior $7,500 (up to $5,500 in Subsidized loan) $12,500 (up to $5,500 in Subsidized loan)
Graduate students
$20,500 Unsubsidized ONLY for each year

Students must be enrolled in at least 6 credit hours at Lamar University to be eligible loan disbursements.

Continued Eligibility

Students should review the Satisfactory Academic Progress policy for a full explanation of the quantitative and qualitative measures evaluated each year.

For continued eligibility, students must: 1) Complete at least 75% of attempted hours during the last year of attendance AND 2) Maintain the minimum cumulative grade point average requirement (2.00 undergraduate OR 3.00 graduate/professional).

Enrollment Changes and Award Adjustments

All grant award amounts will be adjusted or cancelled based on enrollment requirements of half-time (6-8 hours), or less than half-time. Awards that require at least half-time enrollment will be cancelled after the Financial Aid Freeze Date if requirements are not met. Aid eligibility will be confirmed based on actual enrollment on the financial aid freeze date for the appropriate session(s).

Summer disbursements and refunds are different than regular terms. Most grants and all loans require enrollment of at least six (6) credit hours.

Please Note:  If you were previously awarded a summer loan which you declined all or a portion of, if you would like those funds reinstated you will be required to submit the Additional Loan Request form.  Once the completed form is received eligibility for the funds will be reviewed and if eligible loans will be reinstated.