When will I be awarded?
The process of awarding financial aid for the summer term will begin on March 24, 2014, which is the first day you can register for your Summer 2014 classes and submit your JMU 2014 Summer School Financial Aid Application. You must:
When will I receive my refund?
Summer aid funds will not be available until after you start your classes, so come prepared to cover your initial expenses. At a minimum, you should start summer school with enough money to cover your first month's rent, food for two weeks, and the cost of your books. In some cases, financial aid funds may not be available until your summer classes are over.
Refer for the Fiscal Year Shutdown section of our website for information regarding potential delays.
Will getting aid in the summer impact my fall and spring aid?
If you plan to be enrolled in the Fall 2014 and Spring 2015 terms, then receiving a Pell Grant, Subsidized Direct Loan, or Unsubsidized Direct Loan in the Summer 2014 term will more than likely reduce your eligibility for the Spring 2015 term. In most cases, your Fall 2014 eligibility will not be reduced by receiving aid in the summer, but your Spring 2015 will.
For example, a dependent student with 80 credit hours has an annual Direct Loan eligibility of $7,500. This means $7,500 is the most the student can receive between the Summer 2014, Fall 2014, and Spring 2015 terms. Therefore, any amount taken in summer will reduce fall and spring eligibility.
Do you have to submit a JMU 2014 Summer School Financial Aid Application if I only want to apply for a private educational loan?
Yes. We need the application in order to determine your eligibility when the lender requests JMU to certify your loan. We cannot complete the certification without the summer school application.
How can I drop and add classes in the summer term?
As a result of the summer registration hold, you will need to speak with the Office of Financial Aid & Scholarships prior to the hold being removed so you can adjust your schedule. For this reason, it is important to have your summer registration finalized prior to submitting your JMU 2014 Summer School Financial Aid Application.
Why do I have a hold on my account and does it effect my fall registration?
All students who apply for summer aid will have a registration hold placed on their account. You will not be able to adjust your summer school registration without first consulting the Office of Financial Aid & Scholarships. This hold will not impact your ability to register for the fall term. It only affects your ability to make changes to your summer registration.
This hold is being placed in order to protect you, as it necessitates a discussion with the Office of Financial Aid & Scholarships prior to changing your registration. This provides our office the opportunity to advise you of how the potential changes can impact your aid so you are not surprised with a bill later in the summer if/when aid is reduced.
How long does it take my private loan to disburse? I'm going to study abroad, when will I get my money?
Summer aid funds will not be available until after you start your classes, so be prepared to cover your initial expenses. If you are in a short-term program, you may have to cover all of your expenses prior to your financial aid refund being available. We strongly encourage you to sign up for direct deposit prior to your trip departure. If you do this, the University Business Office will deposit your refund into your bank account while you are away, giving you access to the funds as quickly as possible.
Refer for the Fiscal Year Shutdown for information regarding potential delays.
When is the last day I can apply for summer aid?
Per regulations, all loans must be processed by the end of the loan period. This means for undergraduate students, the deadline for processing loans for ANY session of summer school is July 23, 2014, which will allow processing by the last day of the summer term (July 25th). For graduate students, the deadline for processing loans for ANY session of summer school is August 6, 2014, which will allow processing by the last day of the summer term (August 8th).