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2016 Summer Financial Aid
Be sure to carefully read the following information before you submit your Summer Application from the Student Services tab in MyCentral. It is very important that you understand this information.
To Be Considered for Summer Financial Aid
TO BE CONSIDERATED FOR SUMMER FINANCIAL AID
To be considered for federal aid for the 2016 Summer Session, the data from your 2015/2016 (not 2016/2017) 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 2015/2016 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 2015/2016 FAFSA after June 30, 2016. In addition, you must also submit the 2016 Summer Session Request for Federal Financial Aid (available at MyCentral in early March). The Summer Request is at the bottom of the page on the Student Services tab in MyCentral. Please carefully review the following information before you click on the link to submit your Request for Federal Financial Aid.
After your Summer Application 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 2015/2016"). This should occur within 2 weeks after you submit your Request for Federal Financial Aid.
Types of Federal Aid
TYPES OF FEDERAL AID
The types of federal aid expected (but not guaranteed) to be available for the 2016 Summer Session (which is actually the third term of the 2015/2016 award year), include PLUS (parent) Loan, Pell Grant (if you're otherwise eligible and its determined that you have remaining eligibility from the current 2015/2016 school year), Stafford (student) Loan (if its determined that you have remaining eligibility from the current 2015/2016 school year), and part-time employment. You can find additional information about the available types of aid on the "Applying for Aid" page under your grade level.
Requirements to Receive Federal Aid
REQUIREMENTS TO RECEIVE FEDERAL AID
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 2016 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.
Application of Federal Aid to Student Account
APPLICATION OF FEDERAL AID TO YOUR STUDENT ACCOUNT
Your grant and/or loan assistance will be scheduled to credit your UCM account after your summer classes begin. 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 16th, and also not until after the first day of the first summer class for which you're enrolled.
Non-Degree or Visiting Students
NON-DEGREE OR VISITING STUDENTS
If you’ll be classified a Non-Degree or Visiting student at UCM for the 2016 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 2015 Fall semester and/or 2016 Spring semester) to receive summer financial aid, (s)he must also have met the 2015/2016 Standards of Satisfactory Academic Progress (checked in May after 2016 Spring Semester grades have been posted).