Note to students regarding student loan eligibility:
The federal government sets ANNUAL (yearly) maximum loan limits for both subsidized and unsubsidized student loans. We determine your original offer of financial aid based on a typical Fall/Spring enrollment, which splits your annual loan eligibility into 2 parts: (half for the Fall and the other half for Spring). By including the summer semester, you may now divide your loans into 3 parts: 1/3 summer, 1/3 fall and 1/3 spring.
• Are you graduating at the end of the Summer 2025 semester?
If you are graduating at the end of summer, you may request you maximum loan eligibility.
• Are you graduating at the end of the Fall 2025 semester?
If you are graduating at the end of fall, along with the summer enrollment, you may have up to half your loan in summer and half your loan in fall.
Students should carefully consider these regulations and determine what best suits your financial needs.
Taking any portion of your loan(s) in the summer means you will have less money in the fall and spring semesters.
As a reminder, the government deducts 1.062% of the loan as a processing fee.