Financial Aid for Summer Sessions
Limited amounts of institutional grant and scholarship assistance may be available for the summer term to eligible undergraduate students who register for 6 financial aid-eligible credit hours or more and demonstrate financial need. After summer registration begins, the Financial Aid Office will begin awarding institutional and federal aid for eligible students to accept, reduce, or decline the amount offered in their student portal.
Federal Student Aid
Federal grants and student loans are available for eligible students who enroll for 6 financial aid eligible credit hours or more in summer and have remaining federal aid that was not used in the previous fall and spring terms. Students must have a valid FAFSA (school code: 041795) on file for the current academic year.
Federal Pell Grant
The Federal Pell Grant is available to undergraduate students who qualify. Eligible students can receive up to 150% of their scheduled Federal Pell Grant each year. To be eligible for a summer Pell Grant, students must:
- Have a current valid FAFSA on file with an eligible EFC number that demonstrates financial need.
- Enroll at least half-time (6+ credits), in most cases.*
- Meet Satisfactory Academic Progress (SAP).
- Have remaining lifetime Pell Grant Lifetime Eligibility (LEU) available.
- Be an undergraduate student completing your first bachelor’s degree.
*Students who enrolled full-time (12+ financial aid-eligible credits) and received the full-time Pell Grant amount for Fall 2023 and Spring 2024, must enroll at least half-time (6+ financial aid-eligible credits) in Summer 2024 to receive a Pell Grant that term.
*Students who received the part-time Pell Grant amount for Fall 2023 or Spring 2024 do not have a minimum credit requirement to receive a Pell Grant in Summer 2024 (unless required by your EFC). These students can use the remainder of their annual Pell Grant amount during the summer.
Federal Direct Loans
Federal Direct Loans are available to undergraduate and graduate students as well as the parents of dependent undergraduate students. Each type of loan has its own unique fees, interest rates, and repayment terms. It is very important to borrow wisely and responsibly. Federal Direct Subsidized and Unsubsidized Loans may be available to students who have not borrowed their annual maximum limit in the previous fall and spring terms. After meeting the minimum credit hour requirements, students will be offered the maximum loan amount they are eligible to receive without exceeding their Cost of Attendance (COA). For more information, visit Federal Direct Loan Amount Limits.
Institutional Aid
Limited amounts of institutional grants and scholarships may be available to eligible undergraduate students who demonstrate financial need & register for 6 financial aid-eligible credit hours or more in the summer term. Award amounts may vary and are based on the student’s residency, enrollment, student aid index (SAI), & Satisfactory Academic Progress (SAP) status. No additional application is required. Eligible students will be awarded after summer registration begins.
Satisfactory Academic Progress (SAP)
Summer aid is offered before spring grades are finalized. Students must meet the minimum SAP standards by the end of the spring semester to qualify for summer aid. Offered aid will be cancelled if SAP standards are not met.
Enrollment Status Changes
Financial aid is awarded based on enrollment status. Once aid is offered, changes to a student’s enrollment status (i.e., dropping a registered course before the term begins, not attending a registered course, dropping below 6 financial aid eligible credit hours, etc.) will negatively impact financial aid eligibility. Financial aid adjustments will be based on actual enrollment on the census date for the appropriate session(s). Dropping courses after receiving financial aid may require students to repay all or a portion of the funds received.
Disbursement Dates
Financial aid is disbursed on multiple dates for each summer session enrolled following the tables below. All dates are subject to change.
Grants & Scholarships
Institutional scholarships and grants are disbursed on the first day of the summer term. Federal grants are disbursed on the second business day after the census date.
Session | NAU Grants & Scholarships | Federal Grants |
---|---|---|
Summer I | 5/28/2024 | 6/11/2024 |
Summer II | 7/1/2024 | 7/16/2024 |
Summer III | 5/28/2024 | 6/11/2024 |
Federal Direct Loans
Student loans are disbursed on the dates below according to the student’s enrollment status in each session. To qualify for loans, students must enroll in a combined total of 6 credit hours in the summer term. Federal loan disbursement begins on the 1st day of the summer session enrolled. Students enrolled in the summer term without attending the previous spring and fall semesters are required to have their disbursement divided into two dates. The second loan disbursement must occur after the calendar midpoint of the Summer III (undergraduate) and Summer VI (graduate) terms.
Undergrauate
Summer I or III | Summer II | Disbursement #1 | Disbursement #2 (if applicable) |
---|---|---|---|
6+ credit hours | Not Registered | 5/28/2024 | 7/1/2024 |
3 credit hours | 3+ credit hours | 5/28/2024 | 7/1/2024 |
Not Registered | 6+ credit hours | 7/1/2024 | 7/17/2024 |
Graduate
Summer IV or VI | Summer V | Disbursement #1 | Disbursement #2 (if applicable) |
---|---|---|---|
6+ credit hours | Not Registered | 5/20/2024 | 7/1/2024 |
3 credit hours | 3+ credit hours | 5/20/2024 | 7/1/2024 |
Not Registered | 6+ credit hours | 7/1/2024 | 7/22/2024 |
Books & Supplies
Students receiving federal grants and student loans who are eligible for a credit balance refund due to excess aid will have the option to receive a $600 disbursement to purchase books & supplies by the seventh day of each semester enrolled. To opt out of the book disbursement, email the Student Accounts Office by the first Friday of each semester.
Student Refunds
After federal grants and student loans are disbursed, student account balances will be updated to reflect the credited amounts. Aid that exceeds the amount owed for direct costs (i.e., tuition, fees, room & board, etc.) is a Title IV credit balance. This credit balance will be refunded to the student (or parent for PLUS Loans) via direct deposit (ACH) or paper check by the Student Accounts Office. The Student Accounts Office will begin processing credit balance refunds on the first business day after the scheduled disbursement dates and no later than 14 days after a credit balance occurs. Contact the Student Accounts Office for credit balance refund inquiries.