Summer Application Processing
Summer applications are processed in date order. If you make changes to your summer application after it has been submitted, you will need to complete a new summer aid for request form. It will be processed in order by the date it was received.
General Eligibility Requirements
PSC must have received valid results from the Free Application for Federal Student Aid (FAFSA) before summer eligibility can be determined. To apply for summer aid, you should complete the 2014-2015 FAFSA. This application uses information from your 2013 federal tax return. You may apply online at www.fafsa.ed.gov.
Eligibility for Pell Grants
Students may qualify for Pell Grant funds if they were enrolled less than full-time during the preceding fall or spring terms and did not use all of their eligibility during the current academic year.
Eligibility for Federal Student Loans
Loan funds received during the preceding fall and spring terms will determine eligibility for summer loan funds. Federal eligibility is determined on an academic year basis. If you receive the maximum loan amount(s) during the fall and/or spring semesters, you will not be eligible for summer loans. Federal loan recipients cannot be in default on a student loan or have borrowed in excess of student loan limits. Students who have reached the aggregate loan limit for their level are ineligible for additional federal loan funds.
If you received additional unsubsidized Stafford loan funds due to a Parent PLUS loan denial in either the fall or the spring semester for 2014-2015, your parent must complete a new Parent PLUS loan application to determine further unsubsidized Stafford eligibility for summer 2015. The Parent PLUS loan application can be completed at www.studentloans.gov. Choose the 2014-2015 award year for summer Parent PLUS loan applications.
Summer Disbursement of Funds
You cannot receive loan funds until you begin attending classes in the minimum number of hours that are required for half-time enrollment (6 hours). Example: If you enroll 3 hours Summer I and 3 hours Summer II, loan funds will not be paid to you until you began the 6 th hour in Summer II.
All summer loans must be disbursed in two disbursements. Loan periods that are a single summer session will be disbursed in two disbursements; the first disbursement after verification of enrollment, and the second disbursement at the midpoint of the summer term. Loan periods that are for two summer sessions will be disbursed, after enrollment verification in Summer I , and after enrollment verification in Summer II.
All charges must be paid in full before any funds are released to the student. The amount of financial aid credited to your account must be greater than the charges due in order for a refund check to be created. If the amount of aid credited to your student account does not exceed your charges until Summer II (June), you will not receive a refund check or direct deposit until Summer II (June).
Withdrawing from Philander Smith College during Summer
To submit a summer application, please follow the below instructions:
How to apply for Summer Aid