Summer Aid

Summer Aid

PAY FOR SUMMER COURSES WITH YEAR-ROUND PELL!

The U.S. Education Department announced June 19, 2017 that year-round Pell Grants will become available for the Summer 2018 Semester. By receiving up to 150% of a regular grant award over the course of the academic year, you can continue taking classes in the summer and finish a degree faster. 

Eligibility Overview
To be eligible for the Year-Round Pell Grant funds, you must:

  • Student must’ve completed 2017/2018 FAFSA
  • Be enrolled in an eligible academic program
  • Student must be otherwise eligible to receive Pell Grant funds for the payment period (i.e.
  • Summer 2018)
  • Student must be enrolled at least half-time (6 credits) in Summer 2018
    • 3 credits Summer 1 + 3 credits Summer 2 = 6 credits Summer term
  • Student must meet Satisfactory Academic Progress (SAP) and in good Academic Standing
  • Student must complete NJCU Summer Application for Financial Aid

* Additional Pell Grant will be included in the student’s 600% maximum Pell Lifetime Eligibility Used (LEU)
*The amount of Federal Pell Grant funds you may receive over your lifetime is limited by federal law to be the equivalent of six years of Pell Grant funding. Students are provided with a maximum of 12 full-time semesters of Pell Grant eligibility. Since the maximum amount of Pell Grant funding you can receive each year is equal to 100%, the six-year equivalent is 600% (If a student enrolled full-time in the fall and spring semester each year, the lifetime eligibility rule would allow for 6 years to complete their degree).*

If a Pell Grant is disbursed in a semester:

Units Attempted Lifetime Eligibility Used
Full-time enrollment (12 units or more) 50.0%
Three Quarter time enrollment (9-11 units) 37.5%
Half time enrollment (6-8 units) 25.0%
Quarter time enrollment (3-5 units) 12.5%

The sum of the Lifetime Eligibility Used (LEU) for any term in which a Pell Grant was disbursed regardless of the institution where the grant was received may not exceed 600%.


How can I see my Lifetime Eligibility Used (LEU) percentage?
You can log on to National Student Loan Data System (NSLDS®) using your FSA ID and view your LEU. The LEU will be found on the Financial Aid Review page.


How much may I receive in Year-Round Pell?
Student A
has a zero Expected Family Contribution (EFC) and is eligible for a full Federal Pell Grant for the 17-18 academic year. Student A was enrolled full-time for the fall and spring semesters and received full Pell disbursements. With the new implementation of YEAR ROUND PELL, the student will now be eligible to receive a full-time disbursement in SUMMER if enrolled in twelve credit hours.

Scenario 1 Fall 2017 Spring 2018 Summer 2018
Enrollment

12 credit hours Full-Time

12 credit hours Full-time

12 credit hours Full-time
EFC 0 0 0
Pell Awarded $2960 (50%) $2960 (50%) $2960 (50%)

Student B has a zero EFC and is eligible for a full Federal Pell Grant for the 17-18 academic year. Student B was enrolled full-time for the fall and spring semesters and received full Pell disbursements.  With the new implementation of YEAR ROUND PELL, the student will now be eligible to receive a half-time disbursement in SUMMER if enrolled in six credit hours.

Scenario 2 Fall 2017 Spring 2018 Summer 2018
Enrollment

12 credit hours Full-Time

12 credit hours Full-Time 6 credit hours Half-Time
EFC 0 0 0
Pell Awarded $2960 (50%) $2960 (50%) $1480 (25%)

How to Apply?
In order to receive financial aid for the Summer 2018 Term, please complete the Request for Summer 2018 Financial Aid Application Form. This form must be returned to the financial aid office by mail, fax, email, or in-person.

APPLICATION DEADLINES

  • Summer I: Friday, May 4, 2018
  • Summer II: Thursday, June 7, 2018

PAYMENT DEADLINES

  • Summer I: Thursday, May 17, 2018
  • Summer II: Thursday, June 28, 2018

 

 

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