Summer Financial Aid
Tuition/fees are charged on a per-credit basis for classes and field session. View the 2019-2020 Tuition/Fee Schedule page 2 for undergraduates and page 4 for graduates, to calculate your charges. Some field sessions have different fees; check with your department for your field session costs.
Summer is part of the 2019-2020 FAFSA year. There are 4 types of summer financial aid available:
Grants: You may be eligible for additional Pell grant based on your 2019-2020 FAFSA. You must have filed your 2020-2021 FAFSA for Pell grant consideration.
Federal Loans: Student (subsidized/unsubsidized) and parent PLUS loans may be available if you are enrolled at least half-time (6 credits undergraduate/4.5 credits graduate) over the course of the summer. For example, if you are taking 3 credits in session II and 3 credits in session III, you are enrolled in a total of 6 summer credits so you could be eligible for federal loans. Federal student loans have annual limits meaning the amount your are eligible to receive in the summer is impacted by your fall/spring loans. Parents of dependent students can apply for PLUS loans to cover summer expenses, including living expenses, by completing a new 2019-2020 PLUS loan application at studentaid.gov. The loan period is May through August for the 2020 summer session.
Mines Loans: Mines has some loans to help students with the cost of summer tuition. Loans are offered in order of expected graduation to students who are taking field session and have completed the summer aid request form. For example, students graduating in December will be considered for a Mines loan before students graduating in May. Mines loans generally begin repayment 9 months after graduation and have a 10 year repayment term. The interest rate is fixed at 5%.
Private Loans: Students are eligible to apply for private education loans to pay for summer expenses, including living expenses. Summer private loans are their own term and cannot be combined with another term. For example, you cannot apply for a loan for 2020 summer and 2020 fall together. The loan period is May through August for the 2020 summer term.
How to Apply for Aid
You must notify the Financial Aid Office of your need for summer financial aid through the online request form linked above. The Summer Aid Request is available in early April at the same time summer registration opens. The form will be normally be linked in the Daily Blast and in the red “Announcements” section of Financial Aid Trailhead. You must be enrolled in summer credits and have a current year FAFSA on file prior to submitting the form.
There are three factors used to prioritize summer aid forms:
Graduation Date: Students graduating soonest are awarded first
Type of Course: Students in field session are given priority because it is only offered in summer
Date of Summer Aid Request Submission: Awards are given on a first-come first-served basis after the other factors
How Summer Aid Works
Billing: The Bursar’s office will post your bill on Trailhead for your full summer enrollment and email you when that bill is available. If you enroll in more credits after the first bill, check your “my account page” in Trailhead for updated charges. Bills are due the day after census; please view the summer calendar(above) for more information. Please email email@example.com with questions about billing and due dates.
Financial Aid Payments: Your financial aid, including loans, will pay to your student account 3 days prior to your first day of attendance in the summer term. For example, if you start summer attendance in June, your financial aid will pay in June, not in May when the bill is posted. If you borrow a loan that includes extra funds for living expenses, refunds can be requested after your first day of class.
Withdrawing from Summer: Financial Aid impacts for withdrawing from summer is not the same as withdrawing from a traditional term. Please contact our office directly to discuss your specific enrollment and financial aid impacts.