Summer 2017 Financial Aid

Learn more about summer financial aid at Rollins, which is based on your total enrollment.

Summer Financial Aid Requirements

Here are the four requirements to receive summer financial aid:

  1. Enroll in summer courses. Financial Aid awards will be completed once you registered for the summer term. No awards will be given until this time.
  2. Complete the 2016-2017 Free Application for Federal Student Aid (FAFSA) if you have not already done so.
  3. Also, complete the 2017-2018 FAFSA if you have not already done so.
  4. For full consideration of summer aid, email our office with "Summer Aid" in the subject line along with your Rollins ID number in the text.

Your summer financial aid options are based on your total enrollment. Withdrawals may impact your summer 2017 financial aid as well as your future financial aid (including the 2017-2018 academic year). If you are considering withdrawing, please contact our office in order to evaluate the impact.

Add the number of credit hours you are enrolled in during Maymester, Summer term 1, and Summer term 2. Based on this total enrollment, here are your options:

Undergraduate Enrollment

Undergraduate Enrollment total less than 6 credit hours

Federal Pell Grant
You must have remaining eligibility from the fall 2016 or spring 2017 semesters. Typically, this occurs when you were enrolled in less than 12 credit hours in either the fall or spring semester. Amount may range from $298 to $717.

Federal Stafford Loan
No eligibility. You must enroll in at least 6 credit hours in order to qualify for a loan.

Federal PLUS Loan
No eligibility. You must enroll in at least 6 credit hours in order to qualify for a loan.

Undergraduate Enrollment total greater than 6 credit hours

Federal Pell Grant
You may receive the higher of remaining eligibility from the fall and spring semester. Typically, this occurs when you were enrolled in less than 12 credit hours in either the fall or spring semester. Amount may range from $295 to $2,865.

Federal Stafford Loan
Loan is based on grade level. Maximums for dependent, undergraduate students by grade level:

  • Freshmen = $5,500
  • Sophomore = $6,500
  • Junior and Senior = $7,500

Remaining eligibility from the fall or spring semesters

  • Example A: if you are a sophomore and you borrowed the $6,500 maximum during the fall or spring semesters, you have no remaining eligibility.
  • Example B: if you are a sophomore and you borrowed $4,000 during the fall or spring semesters, you have $2,500 of remaining eligibility.

Advance a grade level

  • Example C: if you are a sophomore and you borrowed the $6,500 maximum during the fall or spring semesters and you completed enough courses to be considered a junior during the summer term(s), you have $1,000 of remaining eligibility based on advancing a grade level ($7,500 - $6,500 = $1,000).
  • Example D: if you are a junior and you borrowed the $7,500 maximum during the fall or spring semesters and you completed enough courses to be considered a senior during the summer terms, you still have no remaining eligibility based on advancing a grade level ($7,500 - $7,500 = $0).

Federal Parent PLUS Loan

  • Parents may also apply for a credit-based Parent PLUS loan.
  • Eligibility based on cost of attendance minus other aid.

Graduate Enrollment

Graduate Enrollment total less than 3 credit hours

Federal Stafford Loan
No eligibility. You must enroll in at least 3 credit hours in order to qualify for a loan.

Federal PLUS Loan
No eligibility. You must enroll in at least 3 credit hours in order to qualify for a loan.

Graduate Enrollment total greater than 3 credit hours

Federal Stafford Loan
Loan maximum is $20,500. Remaining eligibility from the fall or spring semesters

  • Example A: if you borrowed the maximum $20,500 during the fall or spring semesters, you have no remaining eligibility for the summer.
  • Example B: if you borrowed $10,000 during the fall or spring semesters, you have $10,500 of remaining eligibility ($20,500 - $10,000 = $10,500).

Federal PLUS Loan

  • Graduate students may also apply for a credit-based GRAD PLUS loan.
  • Eligibility based on cost of attendance minus other aid.

Borrowing Limits

The annual borrowing limit is determined by your degree status grade level and your dependency status (based upon information you supplied on your FAFSA). In addition to annual loan limits, there are also lifetime Stafford loan borrowing limits, also known as the aggregate limit.

Annual limits for loans disbursed on or after July 1, 2008

Annual Limits Dependent Student Independent Student
First Year Undergraduate (0-29 credit hours earned) $5,500 $9,500
Second Year Undergraduate (30-59 credit hours earned) $6,500 $10,500
Third Year and beyond Undergraduate (greater than 60 credit hours) $7,500 $12,500

In addition to the annual borrowing limits, there is also an aggregate, or cumulative, lifetime borrowing limit.

Aggregate Limits Subsidized Total
Dependent Undergraduate $23,000 $31,000
Independent Undergraduate $23,000 $57,500

Office of Financial Aid

Mailing Address

1000 Holt Ave. – 2721
Winter Park, FL 32789

Physical Location

Rinker Building
View on Campus Map

T. 407.646.2395
F. 407.646.2173
finaid@rollins.edu

Hours

8:30 a.m. – 5 p.m.