Summer Financial Aid

The Syracuse University Office of Financial Aid and Scholarship Programs has limited summer financial aid in the form of:

• Federal Direct Student and Parent Loans
• Alternative (private) loans

Undergraduates may also be eligible for: 

• Syracuse University need based grants - limited funding is available.
• NYS TAP (for New York residents) - Contact your financial aid counselor to discuss your summer TAP eligibility, as this may affect your eligibility for future TAP payments.
• Student Success Initiative (SSUI) - Contact the SSUI Office for further information.
• Summer Scholar Incentive Program (SSIP) - Contact University College for further information.

Eligibility Criteria

To be considered for summer loans, you must:

• File a 2012-13 Free Application for Federal Student Aid (FAFSA). Deadline to file FAFSA is June 30, 2013.
• Be matriculated in a program leading to a degree, certificate or diploma at Syracuse University.
• Be a U.S. citizen or eligible non-citizen.
• Enroll in Syracuse University summer classes for six or more credit hours, or for Grad Students be certified as full time status with the Registrar.
• Be enrolled in course work that will count toward your degree requirement.
• Have not completed degree requirements before the end of the summer term.
• Complete an SU Summer Loan application available on your MySlice To Do List available on March 20, 2013.
• Not be in default on any previous federal student loan or grant program.

In addition to be considered for Syracuse need based grants, Undergraduates must:

• Submit an approved Summer Academic Plan if listed on your MySlice To Do List
• Have filed a 2012-13 College Scholarship Service/Financial Aid PROFILE.
• Register for one or more of the summer sessions on campus.
• Complete an SU Summer loan application and take advantage of your federal loans.

Summer Financial Aid Application Policies

• Students attending SU Abroad will be considered for Study Abroad grants after admission to their Summer Study Abroad program.
• Students may not receive Federal Direct Subsidized/Unsubsidized Loans for more than the maximum loan amount, listed in the charts below.
• The total amount that students may receive in all forms of financial assistance (including loans) is limited by the cost of attendance.
• Any and all forms of financial assistance or resources will be taken into consideration when determining financial aid eligibility for the summer term.
• Students currently registered for spring 2013 term should be aware that financial aid eligibility for summer is contingent upon meeting Satisfactory Academic Progress standards as reviewed at the end of the spring 2013 semester. Eligibility criteria and the appeal process are available on the 'Policies' page of our web site.
• Summer aid is disbursed no earlier than ten days before the beginning of the student's summer enrollment period.
• Students due a refund from summer financial aid must request a refund from the Bursar's Office on MySlice after classes begin.
• Federal Direct Student Loans for the summer will not affect academic year eligibility, unless the student is near their total aggregate loan limits.
• All Federal Direct Subsidized and Unsubsidized Student Loans will be included in a student's aggregate loan limit.
• Applications will be accepted until the last week of the summer session attended. However, a student must have a completed Federal Direct Loan Master Promissory Note, entrance counseling session and have filed a FAFSA prior to the end of the student's enrollment for summer.
• Fall/Spring academic year financial aid cannot be used to pay summer charges.
• Students must file for financial aid at least five business days before the end of the summer session in which they are enrolled.

Federal Loans

Federal Direct Subsidized and Unsubsidized Loans

The maximum amount that may be borrowed through the Federal Direct Loan program for the summer term is based on a student's academic level.  

**Interest is charged from the time the funds are disbursed for the Unsubsidized Federal Direct Loan.

A student's loan eligibility is determined by the number of credits for which the student is enrolled and the number of weeks that the student will be attending summer sessions. Students may borrow up to the cost of tuition plus approximately $400 per week for living expenses during summer enrollment. For details regarding summer tuition rates, click here.

Federal Direct Parent Loan for Undergraduate Students - Parents of dependent undergraduate students may be eligible to borrow a Federal Direct PLUS Loan (FPLUS). If the parent is denied the FPLUS, students may be eligible for additional unsubsidized Federal Direct Loan funds. Eligibility is calculated by deducting the total financial aid from the the Cost of Attendance. For more information about the Federal Direct PLUS loan, please see our loan web page.

Federal Direct Graduate PLUS Loan - Graduate students may be eligible to borrow a Federal Graduate PLUS Loan.  Students should borrow their maximum eligibility in Federal Direct Loans before they may apply for this loan, which requires a basic credit check. This is a long-term, fixed-rate loan to help bridge the financial gap.  Eligibility is calculated by deducting the total financial aid from the Cost of Attendance. For more information about the Federal Direct PLUS loan, please see our loan web page.

Alternative Loans

Students who are certified for the maximum Federal Direct Loan, and have additional eligibility for financial aid assistance may apply for an alternative loan. To apply for a summer alternative loan, students must complete the SU Summer Financial Aid Application AND the alternative loan application provided by your lender. For more information on alternative loans, please see our alternative loan information section on our web site.

Note: Students admitted to the Student Success Initiative (SSUI) or SummerStart programs should contact the offices below to start the financial aid application process and are not required to complete a summer financial aid application.

• Students interested in SSUI should contact the SSUI Office for application and registration instructions.
• Students interested in SummerStart should contact the SummerStart Office for financial aid information.