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Federal Financial Aid Policies and Procedures
2014 Summer Session
Be sure to carefully read the following information before you submit your Request for Federal Financial Aid. It is very important that you understand this information.
To be considered for federal aid for the 2014 Summer Session, the data from your 2013/2014 (not 2014/2015) Free Application for Federal Student Aid (FAFSA) is required to be on file with the University of Central Missouri. If you've not yet done so, submit a 2013/2014 FAFSA as soon as possible at www.fafsa.gov (don't use any other website). Please be aware that the national FAFSA processing agency cannot accept a 2013/2014 FAFSA after June 30, 2014. In addition, you must also submit the 2014 Summer Session Request for Federal Financial Aid (available at MyCentral). Please carefully review the following information before you click on the link to submit your Request for Federal Financial Aid.
The types of federal aid expected (but not guaranteed) to be available for the 2014 Summer Session (which is actually the third term of the 2013/2014 award year), include PLUS (parent) Loan, Pell Grant (if you're otherwise eligible and its determined that you have remaining eligibility from the current 2013/2014 school year), Stafford (student) Loan (if its determined that you have remaining eligibility from the current 2013/2014 school year), and Work-Study part-time employment.
In accordance with federal aid regulations, please be aware that you must enroll for and attend the following minimum total number of summer credit hours. These hours can be taken at any time throughout the 2014 Summer Session:
- Pell Grant - at least one (1) undergraduate hour, in certain circumstances. However, most students
(if otherwise eligible) will need to enroll for six (6) or more undergraduate hours.
- Stafford Loan – at least six (6) undergraduate hours or at least four (4) graduate hours.
- Work-Study – at least six (6) undergraduate hours or at least four (4) graduate hours.
- PLUS Loan - at least six (6) undergraduate hours.
After your Request for Federal Financial Aid has been reviewed by the UCM Office of Student Financial Services, the summer assistance offered will be posted at your MyCentral portal for you to accept. Click on 'Financial Aid Status' under UCM Financial Aid and submit 'Award Year 2013-2014'). This should occur within 2 weeks after you submit your Request for Federal Financial Aid.
Your grant and/or loan assistance will be scheduled to credit your UCM account after you've enrolled for your summer classes. The UCM Office of Student Financial Services will then provide you (by direct-deposit to your personal bank account or by a mailed UCM check) any credit balance funds remaining after your total summer charges have been satisfied. Please realize, however, that your credit balance cannot be released until at least Monday, May 19th, and also not until after the first day of the first summer class for which you're enrolled.
Very Important! If you enroll for 2014 Summer Session credit hours, receive financial assistance, but then drop one or more of your classes, some (or even all) of the summer assistance that was credited to your UCM account may have to be reversed from your account, depending on the 'start' date of the class(es) dropped and/or the last date you attended/participated in the class(es). Therefore, be sure to enroll only for the summer classes you plan to attend and participate in, and that are required for completion of your degree/certification program .
If you’ll be classified a Non-Degree or Visiting student at UCM for the 2014 Summer Session, federal financial aid regulations prevent you from receiving any aid from UCM. For example, if your 'home' school during the regular school year is Rhode Island State University, financial aid cannot be received from UCM (your 'host' school) during the summer. In accordance with federal rules, a student must be fully admitted to a degree (or teaching certificate) program at UCM to qualify for assistance. In addition, for a continuing UCM student (one enrolled at UCM during the 2013 Fall semester and/or 2014 Spring semester) to receive summer financial aid, (s)he must also have met the 2013/2014 Standards of Satisfactory Academic Progress (checked in May after 2014 Spring Semester grades have been posted).
Questions? Contact the UCM Office of Student Financial Services in person or by mail (1100 Ward Edwards Bldg.), by telephone (660-543-8266) or on-line (go to www.ucmo.edu/contactsfs). Summer office hours are 7:30 am. - 4:30 p.m., Monday through Friday.