Will you need financial aid for your summer classes?

If so, the following is a summer aid checklist and summary of information for successfully processing aid in a timely manner.

CHECKLIST:

1.       File the 2012-2013 FAFSA – www.FAFSA.ed.gov

2.       Complete the Summer 2012 Financial Aid Request Form

a.       Log into the myUT portal.

b.      Under the Student Tab is the My Financial Aid heading.  Click on Summer Aid Application to complete and submit your request.

3.       Enroll and attend at least half-time (required for most financial aid programs) in courses at the same level as your program to be

eligible for aid.  Summer half-time credit hours are as follows:

      a.   Undergraduate            6 credit hours

      b.   Graduate                     4 credit hours

      c.    Law                             6 credit hours

If you are selected for verification or you do not meet the Standards of Academic Progress, your application will not be processed until verification or the appeal process is complete.  A summer aid package will be made available when all three steps are complete.  You will receive notification when your summer package is processed.  You can accept, decline or reduce your awards electronically through the myUT portal.

Aid Eligibility

• Financial Aid Academic Progress
  • To remain eligible for federal aid students are responsible for class participation and achieving academic progress by completing all enrolled courses with passing grades.  Course drops, withdrawals and failed classes can cause a reduction in aid for the term and loss of future aid.

• Disbursement on Attending Hours
  • Aid will disburse based on hours you are actually attending at the time eligibility for disbursement is reviewed.  During the summer - session start times vary throughout the term.  It is at the point you are attending at least half-time hours that aid will disburse to your student account.

?  Understanding Summer Aid

• • Most aid programs do not increase in dollars to accommodate attending three terms during the academic year (summer, fall, spring).  The Federal Stafford Loan annual limits remain the same; the loan would be divided into three terms (summer, fall, spring) and not the standard academic year of fall – spring.  Please refer to the Understanding Your Award Notification for additional information.

The University of Toledo communicates through your official UT email account.  Please check your UT email account on a regular basis for important updates like financial aid and billing information.