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Financial Aid
Summer Financial Aid

Requesting financial aid for the summer term is a separate process from the Fall and Spring semesters.  During the summer, financial aid is extremely limited.  Typically, a student’s eligibility for summer financial aid is limited to remaining Lottery Scholarships, Pell Grants, or Stafford Loans from the 2008-2009 academic year.

To Apply

  1. Must have included MTSU on the 2008-2009 Free Application for Federal Student Aid (FAFSA). If you already have a 2008-2009 FAFSA on file, you do not have to complete it again for summer. If you are transferring to MTSU, make sure that MTSU is listed as one of the schools authorized to receive your results.  To add MTSU (school code of 003510), you may update your FAFSA online.
  2. Must be maintaining Satisfactory Academic Progress.
  3. Must be admitted as a degree-seeking student.  Transient students (i.e., students who plan to attend MTSU in the summer but transfer the credits back to another university) are NOT eligible for federal financial aid at MTSU.  If the Financial Aid Office at the other university is willing to pay your summer aid and initiate a Consortium Agreement, then MTSU will be glad to sign the Consortium Agreement.  However, the other university is not required to initiate a Consortium Agreement.
  4. Must submit the Summer 2009 Financial Aid Request Form to the Financial Aid Office.
    Priority deadline:  April 1

Typically, processed aid will be reflected on RaiderNet within 2 – 3 weeks after you submit the Summer 2009 Financial Aid Request Form. We recommend you review your active Messages on RaiderNet.

NOTE:  If your professors report that you ‘Never Attended’ or ‘Stop Attending’ your courses, your summer financial aid may be cancelled.

Financial Aid Refunds

  • Typically, refunds are available at the start of your first enrolled summer class
  • Recommend that the student establish Direct Deposit with the Business Office (financial aid refunds are deposited into the student’s designated bank account)

Types of Aid

1.   Tennessee Educational Lottery Scholarship

  • Must be enrolled in a minimum of 6 undergraduate credit hours
  • Typically, did not attend full-time (12 credit hours) in the Fall and/or Spring
  • Awards are tentative until Spring grades are posted and Lottery eligibility can be confirmed

2.   Pell Grant

  • Generally, must be enrolled in a minimum of 6 undergraduate credit hours
  • Did not attend full-time (12 credit hours) in the Fall and/or Spring

3.  Stafford Loan

  • Enrolled for at least half-time (6 undergraduate or 5 graduate credit hours)
  • Has not borrowed the annual loan limits during the Fall and/or Spring semesters (See below)
  • Listed below are examples regarding loan eligibility for the Summer

Example 1

Sally is a dependent sophomore and is eligible for $6,500 in Stafford Loan funds for the academic year. Sally received $3,250 in the Fall and $3,250 in the Spring. She has no remaining loan eligibility for Summer (she did not change grade levels and become a junior).

Example 2

Wanda is a dependent sophomore and is eligible for $6,500 in Stafford Loan funds for the academic year. Wanda received $2,250 in the Fall and $2,250 in the Spring.  Wanda will have $2,000 remaining loan eligibility for Summer. 

Example 3

Ricky is a dependent sophomore and is eligible for $6,500 in Stafford Loan funds for the academic year. He received $3,250 in the Fall and $3,250 in the Spring.  After Spring grades are posted, he becomes a junior. His annual loan amount increases to $7,500. He has $1,000 of remaining eligibility for Summer.

4.  Private Loans

  • Additional aid may be obtained through a private education loan program
  • May apply online at the private lender’s web site and follow the lender’s instructions 
  • In addition to the lenders listed on our web site, loans may be obtained from other lenders who participate in private education loan programs
  • In most cases, the lender will require the school to certify school information (e.g., Cost of Attendance and other financial aid questions)



 

Financial Aid News


Applying for Summer Aid 2009


Tutorial for completing the 2009-2010 FAFSA

MTSU is changing to the Federal Direct Student Loan program

Looking for the Scholarship Departments List?
Click Here

Please  Note:
Any information on this site concerning financial aid assistance at MTSU may be subject to change or corrected as necessary without prior notice.