APPLYING FOR AID
Summer Trimester
Student financial aid for the Summer Trimester comes from the Federal Pell Grant Program and the Federal Direct Loan programs. You may receive aid from these programs if you meet the following conditions:
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You have applied for aid for the current 2010-2011 academic year using the Free Application for Federal Student Aid (FAFSA). (If you have not submitted a 2010-11 FAFSA yet, please apply on-line now at www.fafsa.ed.gov.
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You meet all general eligibility requirements for receiving aid, such as being enrolled in a degree or certificate program and making satisfactory progress.
Federal Pell Grants
If you received a Pell Grant for the 2010-2011 academic year, new federal legislation may make it possible for you to receive a Pell Grant for the Summer Trimester:
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If you attended full-time during the 2010-2011 academic year, you must take a total Summer Trimester course load of at least 6 units
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If you attended as a less than half-time student for 2010-2011, you must take at least 1 summer unit.
Your Summer Trimester Pell Grant will be determined using a formula that considers the number of weeks in your Trimester attendance and the number of units for which you register.
Please note: Pell Grants are for undergraduate, first bachelor’s degree candidates only.
Federal Direct Student Loans
To receive a Federal Direct Student Loan for the Summer Trimester, you must meet these additional conditions:
You must register for and maintain a total summer course load of at least 6 units (for example, three units during Summer Session I and three units during Summer Session II)
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You have not already borrowed the annual loan limit for your grade level (as determined by your earned units) See the table below.
Grade Level |
Earned Units |
Dependent Students |
Independent Students |
Additional Unsubsidized Loan |
| Freshman |
|
$3,500 |
$7,500 |
$2,000 |
| Sophomore |
|
$4,500 |
$8,500 |
$2,000 |
| Junior or Senior |
|
$5,500 |
$10,500 |
$2,000 |
| Graduate |
N/A |
N/A |
$20,500 |
$2,000 |
Note: No student may borrow more than the cost of education.
If you borrowed less than the limit for your grade level during the 2010-2011 academic year, you can borrow the difference between your current loan and the limit for your grade level. (For example, a freshman who borrowed $3,500 for 2010-2011 can borrow up to $2,000 in unsubsidized loan for the Trimester.) You can see how much you borrowed for the current academic year on Towson Online Services.
Complete the 2011 Application for Summer Trimester Financial Aid
To apply for financial aid, complete the 2011 Application for Summer Trimester Aid and submit it to the Financial Aid Office.
Because the amount of your aid will depend on the number of sessions you attend, as well as your enrolled units, the Financial Aid Office will process your application only after you register for Summer Trimester classes. Any change in your schedule may result in a reduction to your aid.
If your Trimester aid exceeds your university charges, your account will have a credit balance. Rebate checks for credit balances are usually available three weeks after the credit balance occurs. The Bursar’s Office will issue rebate checks no earlier than the first day of classes.
Minimester
Towson University does not offer any institutional aid for Minimester attendance.
Financial Aid Office
Enrollment Services, Room 339
Hours: Monday - Thursday, 8 a.m. - 5 p.m.; Friday, 8 a.m. - 4:30 p.m. (Reception Desk)
Monday - Thursday, 8:30 a.m. - 5 p.m.; Friday, 8:30 a.m. - 4:30 p.m. (Financial Aid Call Center)
Phone: 410-704-4236
Fax: 410-704-2584
E-mail: finaid@towson.edu
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