Office of Financial Aid

University of Mississippi

Summer Financial Aid

Are you thinking about summer classes? That could be a good way to catch up or get ahead, but be sure to read this page about summer financial aid and visit the Office of Financial Aid with any questions.

Summer aid is very limited and students are encouraged to plan accordingly.

 

  • Although the summer term is considered to be from May to August, there are actually five mini-sessions during which you can take classes. There is May Intersession, First Summer, Full Summer, Second Summer, and August Intersession. To confirm the dates of each session, see the academic calendar: https://registrar.olemiss.edu/academic-calendar/
  • Summer Aid Application opens up on the Priority Registration date for summer term (typically April 1). A link to the application will be posted here: https://finaid.olemiss.edu/ and is to be completed through the myOleMiss portal. The deadline to apply for summer aid is July 31.
  • Be sure to check your account – Are you on financial aid suspension? Has your FAFSA been selected for Verification? We cannot process your application as long as you have unresolved issues.
  • Submitting a summer aid application and then changing enrollment plans will delay aid processing and disbursement. Students are encouraged to complete the application only once they have decided which classes they will take.
  • Each time you make a change to your schedule after submitting a summer aid application, you will need to revise your application. Only two revisions of the application will be accepted online. Then, you must complete a paper application by visiting the Office of Financial Aid.
  • Institutional scholarships, such as Academic Excellence (Merit) and community college recruitment scholarships are not awarded in the summer term.
  • Tuition benefit scholarships such as Faculty/Staff and Child of Faculty/Staff are able to be used in the summer, to the extent that you are eligible.
  • The summer term is part of the same academic year as the fall and spring terms immediately before it, so the same FAFSA is used to determine federal aid eligibility. The FAFSA must be submitted by June 30, 2019.
  • Federal aid eligibility for the summer depends on a student’s enrollment, satisfactory academic progress, and how much aid was used during the fall/spring, among other factors. Please be sure to visit the Office of Financial Aid with questions. Summer aid is not guaranteed.
  • If you receive Title IV Federal Aid (Pell Grant, SEOG, Direct Loans, PLUS Loans, or TEACH Grants), please be aware that before funds can be released to you, YOU MUST BE ENROLLED in all credit hours for all summer terms that you have reported on your summer application. Therefore, your summer plans need to be made as soon as possible – and must match your application.
    • No federal funds will be disbursed until an instructor has documented your attendance in at least one class. See https://finaid.olemiss.edu/attendance-verification/.
    • If you do not begin attendance in all intended hours for all sessions, the Office of Financial Aid may be required to reduce/cancel funds and/or perform a Return of Title IV Funds calculation (typically necessitating paybacks) based on the total number of days you had been expected to complete.
    • If you withdraw from a summer term, a Return of Title IV withdrawal calculation will be performed (typically resulting in a balance on your Bursar account) unless you provide our office with written notice of intent to enroll in an upcoming summer term.
    • IMPORTANT MESSAGE REGARDING APPLYING FOR FEDERAL DIRECT LOANS (SUBSIDIZED, UNSUBSIDIZED, PARENT PLUS, or GRADUATE PLUS) IN THE SUMMER SESSIONS
      1. If you decide to borrow a Federal Direct Loan, it must be awarded to you while you are still enrolled in the appropriate summer mini term(s) (May Intersession, First Summer, Full Summer, Second Summer, or August Intersession). For example, if you enroll in only May Intersession and First Summer, and you attend class from May 11th to May 22nd and again from May 27th to June 22nd, we would only be able to process your loan request if it is submitted prior to June 22nd. Our office needs 2-3 business days for processing, partly due to the U.S. Department of Education’s approval process, so don’t wait until the last day of finals to submit your request. If your parent is applying for a Parent PLUS Loan (for dependent students) or you are applying for a Graduate PLUS Loan (for graduate students), we urge you to submit the application through https://studentloans.gov at least a week prior to the end of the last mini session in which you plan to be enrolled.
      2. If your request or application for a Federal Direct Loan is submitted less than 3 business days prior to the end of the appropriate mini term, we cannot guarantee that we will be able to process your request in time.

Please contact the Office of Financial aid now with any questions so that you may plan ahead.