Summer Financial Aid

Students who enroll in courses for the 2023 summer semester and have completed the 2022-23 Free Application for Federal Student Aid (FAFSA) with NDSU’s school code will automatically be evaluated for financial aid eligibility. NO SEPARATE FINANCIAL AID APPLICATION IS REQUIRED.

We will begin emailing financial aid offers to students who are eligible for summer aid the end of April. Offers will be sent to the student’s NDSU email address. To ensure maximum eligibility, students are highly encouraged to register for all of their summer classes on the same day. 

Students who are enrolled for the 2023 summer semester and submitted the 2022-23 FAFSA will receive an email regarding a summer award offer. Those who do not receive an offer may be ineligible due to one of the following reasons: 

  • Do not meet the enrollment requirements for the types of aid available.
  • Already borrowed the annual maximum Federal Direct Loan allowed for their grade level.
  • Borrowed the maximum lifetime aggregate amount in Federal Direct Loans.
  • On Financial Aid Disqualification for not meeting satisfactory academic progress.
  • Not enrolled in a degree-seeking program and therefore classified as non-degree by Registration & Records.
  • Have an unresolved issue such as default on a student loan.  

Please call NDSU One Stop toll free at 1-866-924-8969 or locally at 701-231-6200 with any questions about summer financial.

Summer School Financial Aid Information

Summer is considered the final semester of the academic year and is based on information from the 2022-23 Free Application for Federal Student Aid (FAFSA). The summer semester is comprised of the student's combined enrollment from May 16, 2023 through August 4, 2023. It is imperative to expand each section below and read it in its entirety to understand the summer financial aid process.

2023 Summer Sessions
4-week session 1: May 16 - June 9
4-week session 2: June 13 - July 7
4-week session 3: July 11 - August 4
6-week session 1: May 16 - June 23
6-week session 2: June 27 - August 4 
8-week session 1: May 16 - July 7
8-week session 2: June 13 - August 4
12-week session May 16 - August 4

Summer Enrollment Requirements

For financial aid purposes, enrollment requirements for the summer semester are outlined in the chart below.

Financial Aid Enrollment Undergraduate or Professional Pharmacy Credit Hours Graduate Credit Hours
Full-time 12+ credits 9+ credits
3/4-time 9-11 7-8
1/2-time 6-8 5-6
Less than 1/2 time 1-5 1-4

Students enrolled less than half time in credits for cooperative education, certain internship programs, pharmacy rotation or pharmacy learning experience (355 or 455) may be considered full time for financial aid purposes.

Additional Summer Financial Aid Information 

Summer Grants

Grant aid is available to undergraduate students only, including those classified as P.5 in the professional pharmacy program. At this time, we anticipate the following grants will be available for the 2023 summer semester:

  1. Federal Pell Grant
    • Option 1: “Remaining” Federal Pell Grant funds
      Students who were not enrolled full time for the 2022 fall and/or 2023 spring semesters may have remaining eligibility from the 2022-23 academic year scheduled Federal Pell Grant award.
      • Half-time enrollment is not a requirement to receive remaining Federal Pell Grant funds.
    • Option 2: “Additional” Federal Pell Grant funds (Year-Round Pell)
      Student who received 100% of their scheduled Federal Pell Grant award during the 2022-23 academic year may be eligible for additional Federal Pell Grant funds for the summer semester.
      • Half-time enrollment (6+ credits) is required as of the last day the student can add or drop classes on Campus Connection.
      • Class attendance/participation must be documented by the instructor for any Year-Round Pell Grant funds received. If attendance cannot be documented, the student must repay their Pell Grant immediately.
      • Review the examples in the additional Year-Round Pell Grant section below.
  2. North Dakota State Grant
    • Students who graduated from a North Dakota high school and meet other requirements may be eligible for a ND State Grant for the summer semester.
    • Must be enrolled for a minimum of 3 credits.   
    • Funds are limited and eligibility is determined by the North Dakota University System Office in Bismarck. 
  3. TEACH Grant
    • The Teacher Education Assistance for College and Higher Education (TEACH) Grant program is for students who intend to teach full time in an elementary or secondary school that serves students from low-income families for at least four of the eight years after their degree completion.
    • Students who would like to apply for the TEACH Grant may complete the form and submit to NDSU One Stop.

Additional Year-Round Pell Grant

An eligible student may receive a Federal Pell Grant for the 2023 summer semester even if the full scheduled Federal Pell Grant was received during the 2022-23 academic year (fall and spring). Year-Round Pell Grant allows students to receive up to 150 percent of a regular grant award over the course of the fall, spring and summer semesters so that students taking classes in the summer may finish their degree faster. Any Federal Pell Grant funds received during the summer semester are included in determining the student’s Federal Pell Grant duration of eligibility (up to 12 full-time semesters) and Lifetime Eligibility Used which is the equivalent of roughly six years.

To be eligible for the additional Year-Round Pell Grant, students must:

  • Be otherwise eligible to receive Federal Pell Grant funds based on the 2022-23 FAFSA; and
  • Be enrolled at least half time (6+ credit hours) during the summer semester; and
  • Be meeting the standards of Satisfactory Academic Progress (not on financial aid disqualification); and
  • Not have earned a bachelor’s degree.

Year-Round Pell Grant Example

  • Semesters attended – 2022 Fall, 2023 Spring and 2023 Summer
  • Scheduled Federal Pell Grant award for 2022-23 academic year = $6895
Semester Attendance Award
2022 Fall Full Time (12+ credits) $3447
2023 Spring Full Time (12+ credits) $3447
The 2023 Summer Pell Grant Award based on enrollment is:  Full Time (12+ credits) $3447
  ¾ Time (9-11 credits) $2585
  Half Time (6-8 credits) $1724
  Less than ½ Time (1-5 credits) $0

 

Summer Loans

Federal and private student loans are available to undergraduate, graduate and professional pharmacy students who qualify. Parents interested in borrowing a loan on the student’s behalf may apply for the Federal Direct PLUS Loan. The following loan programs will be available for the 2023 summer semester:

1. Federal Direct Loans

A Federal Direct Loan may be subsidized, unsubsidized, or a combination of both.  This loan does not require a credit check or co-signer, and typically has a lower interest rate than private student loans. Eligibility requirements for Federal Direct Loans include:

  • Half-time enrollment or equivalent (6 or more credits for undergraduate and professional pharmacy students and 5 or more credits for graduate students); and
  • Have remaining annual eligibility from the 2022-23 academic year based on grade level as shown below; and 
  • Have not reached the aggregate/lifetime Federal Direct Loan borrowing maximums as shown below:

ANNUAL LOAN LIMITS FOR FEDERAL DIRECT LOANS:

Grade Level Dependent Independent
Freshman (0-26 credits) $5,500 $9,500
Sophomore (27-89 credits) $6,500 $10,500
Junior (60-89 credits) $7,500 $12,500
Senior (90+ credits) $7,500 $12,500
Graduate Student N/A $20,500
Professional Pharmacy N/A $37,167

AGGREGATE LIMITS FOR FEDERAL DIRECT LOANS:

Dependent Undergraduate Students - $31,000
Independent Undergraduate Students - $57,500
Graduate Students - $138,500
Professional Pharmacy Students - $224,000

Example: Jeanne, a dependent sophomore (27-59 credits), can receive $6,500 per year in the Federal Direct Loan program. If she borrowed $3,000 during each of the fall and spring semesters, she would have $500 remaining for the summer, providing she enrolls for at least 6 credits. Additionally, if she earns enough credits during the spring semester to advance to a junior grade level (60-89 credits), she would be eligible for an additional $1,000 for the summer semester.   

2. Private Student Loans

Private student loans are non-federal, interest-bearing loans through private lenders that typically require a co-signer with good credit. A credit check is performed by the lender, and if pre-approved, the application is forwarded to NDSU to certify eligibility for the amount requested. Private student loans are generally more expensive than federal student loans, and usually have a higher interest rate. Please refer to the chart here for a summary of the main differences between federal and private student loans.
 

  • There are a variety of private student loans available. New applicants are encouraged to use the FASTChoice loan comparison tool to help choose the loan program that best suits their needs. Students who have previously borrowed a private loan are advised to use the same lender when possible to avoid repayment to multiple lenders. 
  • The maximum loan amount cannot exceed the student’s educational costs for the summer semester less other financial aid resources.
  • Approved private student loans have a mandatory holding period of up to 8 business days before loan funds can be released to NDSU. During this time, the borrower may exercise their right to cancel the loan. The approximate time from application to disbursement of a private student loan is 3-4 weeks.
  • Some lenders will borrow to students who are enrolled less than half-time, are non-degree seeking or not meeting the required standards of Satisfactory Academic Progress. FASTChoice can identify lenders with the features that are important to the student and their co-signer.

Summer Employment

Federal Work-Study will not be available for the 2023 summer semester.

Financial Aid Census Date

NDSU Financial Aid and Scholarships establishes a date each semester for which the enrollment status of the student will be locked for purposes of determining aid eligibility.  At NDSU, this date corresponds with the last day a student can add or drop courses on Campus Connection. For the 2023 summer semester, that census/aid recalculation date is June 20, 2023 at 11:59 p.m.  The census date for anyone who initially registers for classes after 6/20/23 will be same date the financial aid offer is posted to Campus Connection.

  • Credits added after the census date will not be considered for an increase in the Federal Pell Grant.  
  • Federal loans require the student to be enrolled at least half time (6 credits UG or 5 credits Grad) at the time the loan is disbursed.  If credits are added after the census date, causing the student to reach half-time enrollment, the student may contact NDSU One Stop to request the addition of a Federal Direct Loan to their financial aid offer.    

Example: Bob is a junior who registers for 12 credits (full time) on 5/10/23 and subsequently receives a financial aid offer based on full-time enrollment. He drops 2 classes on 6/15/23 so his enrollment on the census date of 6/20/23 at 11:59 p.m. is 6 credits (half time). As a result, Bob’s cost of attendance will be updated to reflect 6 credits of enrollment instead of 12 and his financial aid award will be reduced accordingly. 

Financial Aid Disbursement

Please refer to the information below to determine the expected date summer aid will disburse (be applied to the student’s NDSU billing account).

Earliest Date Financial Aid Will Disburse June 22, 2023
All enrollment requirements must be met before disbursement will occur.
Remaining Federal Pell Grant Once 1 credit of coursework begins
Additional Federal Pell Grant Once 1 credit of coursework begins as long as enrollment is 6+ credits
North Dakota State Grant After 3 credits of coursework begins
TEACH Grant After 1 credit of coursework begins
Federal Direct Loan Once 1 credit of coursework has started, as long as the student is enrolled for 6 undergraduate/professional pharmacy or 5 graduate credits
Private Loan Enrollment requirements vary. Students should contact the lender directly for enrollment criteria

Federal Pell Grants

  • Class attendance/academic activity is required and documented for all Federal Pell Grant recipients.
  • Dropping classes, even before they have begun, can affect the Federal Pell Grant amount. Students awarded a Pell Grant are encouraged to contact Bonnie at 701-231-7536 to discuss possible implications prior to dropping any classes.      

Federal Direct Loans

  • First time borrowers must have completed Entrance Counseling and the Annual Student Loan Acknowledgement requirements and have signed a Master Promissory Note at www.studentloans.gov before funds will disburse.
  • Students who received the full annual loan award during the 2022-23 academic year will be notified if they become eligible for a summer loan as a result of advancing a grade level after completion of the spring semester. This applies only to students enrolled for 6 or more credits who advance from a freshman to sophomore, or from a sophomore to junior grade level. 

Scholarships

  • Students should review their scholarship notification or contact the funding department or external agency for specific enrollment requirements.

EXAMPLES: How Enrollment Changes Impact Financial Aid

Jim registered on 5/1/23 for three classes (9 credits) including one 3-credit class in the 12-week session and two 3-credit classes in the second 8-week session.  His financial aid offer is as follows:

Federal Direct Loan $1,000
ND State Grant $825
Additional Year Round Pell Grant $1,000

On the financial aid census date of 6/20/23 at 11:59 p.m., Jim’s enrollment shows that he dropped one of the courses he was enrolled in during the second 8-week session. His enrollment is now 6 credits total, one class in the 12-week session and the other in the second 8-week session.  Jim’s financial aid is revised as follows:

Federal Direct Loan $1,000 (no change in amount, loan will disburse after 8-week session begins)
ND State Grant $550 (pro-rated at half-time status rather than 3/4 time)
Additional Year Round Pell Grant $750 (adjusted based on half-time enrollment rather than 3/4 time)

Important Dates

Awarding of summer semester financial aid begins for eligible enrolled students with a 2022-23 FAFSA on file: April 25, 2023

NDSU Bookstore allows summer book charges beginning mid-April, 2023.

Census/Aid Recalculation Date: June 20, 2023 at 11:59 p.m.

Financial Aid Disbursement: Begins June 22, 2023 and varies based on enrollment requirements and the start date of the student’s classes. For details, refer to the Financial Aid Disbursement section above.

2022-23 FAFSA Submission Deadline: June 30, 2023

Important Student Reminders

  1. For consideration of maximum financial aid eligibility, students should register for ALL summer courses on the same day.  Partial registration followed by adding classes later could result in not being awarded the maximum grant aid.
  2. Official notifications from our office will be sent via the student’s NDSU email address, so the student should check it daily.  
  3. Federal Pell Grant awards are based on remaining eligibility from the 2022-23 academic year, and/or additional Year-Round Pell Grant eligibility for undergraduate students enrolled for at least 6 credits.
  4. Dropping below half-time enrollment prior to disbursement of financial aid may result in becoming ineligible for all non-disbursed aid. Additionally, if class attendance is not established, the student will have to repay any Federal Pell Grant funds that were disbursed.
  5. Students who register for summer classes and decide not to attend must notify NDSU One Stop immediately to begin the official withdrawal process.
  6. If a student withdraws to zero credits prior to the 60% point of the summer session(s) he or she may owe a repayment of financial aid funds to the programs from which they were awarded.
  7. Failure to officially withdraw may result in the receipt of failing grades and immediate repayment of financial aid funds thereby owing a debt to NDSU and resulting in disqualification from future financial aid.
  8. Standards of Standards of Satisfactory Academic Progress apply to all semesters, including summer. Students are responsible for reading and knowing the academic requirements that must be met in order to receive financial aid.  
  9. The cost of room and board (rent/food) and miscellaneous expenses cannot be included in the cost of attendance for students who are enrolled less than half time during the summer.  This means that federal, state or private aid cannot be used for housing, food or miscellaneous expenses for undergraduate or professional students enrolled in less than 6 credits, or graduate students enrolled in less than 5 credits for the summer semester.