Summer Financial Aid
Important Dates for Summer Aid Summer Applications are processed in date order. Summer financial aid applications must be submitted by May 1st in order for the application to be processed and aid eligibility to determined by the summer early payment deadline. If you have been offered summer aid of at least $100, you will not be required to make any payment by the summer early payment deadline. If you have not been offered summer aid of at least $100, or if the amount of offered summer aid is less than $100, you must pay the $100 deposit by the summer early payment deadline or your summer registration will be cancelled. General Eligibility Requirements Submitting a summer application does not guarantee eligibility for summer financial aid. Financial aid received during the preceding fall and spring terms will determine summer aid eligibility. Financial aid eligibility is determined on an academic-year basis. If you receive the maximum aid amount(s) during the fall and/or spring semesters, you will not be eligible for summer aid. Note: Borrowing loan funds for summer may also affect your loan eligibility for the following fall and/or spring terms. Students must be fully admitted to a degree program at UALR in order to receive financial aid funds. Students must make Satisfactory Academic Progress in order to receive financial aid funds. Students cannot be in default on a student loan or have borrowed in excess of student loan limits. UALR must have received valid results from the Free Application for Federal Student Aid (FAFSA) before we can determine summer aid eligibility. To apply for Summer 2009, you must complete the 2008-2009 FAFSA. This application uses information from your 2007 federal tax return. Apply on-line at www.fafsa.ed.gov The deadline to file the 2008-2009 FAFSA is June 30, 2009. Note: UALR will not accept Summer 2009 financial aid applications after June 1, 2009. The UALR on-line summer aid application (http://boss.ualr.edu) is also required in order to apply for summer financial aid. You must be registered in classes for the summer term before you can submit a Summer Application. You must have submitted all required documents (tax forms, verification worksheet, etc.) to UALR before you can receive summer financial aid. You can review the status of your required documents at http://boss.ualr.edu. Additional financial assistance from any source will affect federal aid eligibility. Failure to report other sources of aid may result in the required repayment of federal financial aid funds. Federal Pell Grant funds will be paid based on the number of hours in which you are enrolled and attending. For example, if you have been awarded a full-time Pell Grant, and you enroll in 6 hours for the Summer 2 session (classes begin May) and 6 hours in the Summer 4 session (classes begin in July), you will receive grant funds for half-time enrollment at the beginning of the Summer 2 session in May. You will not receive grant funds for full-time enrollment until the Summer 4 session begins in July. If you drop classes or change your enrollment before the Summer 4 session begins, your Pell Grant award will be revised accordingly. You cannot receive loan funds until you are enrolled and attending classes in the minimum number of hours that are required. For example, if you are an undergraduate student, and you enroll in 3 hours for the Summer 2 session (classes begin in May) and 3 hours in the Summer 4 session (classes begin in July) you will not receive any loan funds until the Summer 4 session begins in July. All summer loans must be disbursed in one or two disbursements, depending on the number of terms within the loan period. Loan periods that are a single summer session will be disbursed in a single disbursement at the beginning of that part of term. Loan periods that are for two summer sessions will be disbursed in two disbursements, one disbursement at the beginning of each part of term. All charges must be paid in full before any funds are released to the student. The amount of financial aid funds credited to your account must be greater than the charges due in order for refund check to be created. If the amount of aid credited to your student account does not exceed your charges until July, you will not receive a refund check or direct deposit until July. Summer Registration Requirements You must be registered in classes for the summer term before you are eligible to submit a summer application. For more information about registering for the summer go to http://boss.ualr.edu. You must be enrolled at least half-time in order to be eligible for a student loan. You cannot receive loan funds until you begin attending classes in the minimum number of hours that are required. For example, if you are an undergraduate student, and you enroll in 3 hours for the Summer 2 session (classes begin in May) and 3 hours in the Summer 4 session (classes begin in July) you will not receive any loan funds until the Summer 4 session begins in July. Please note that all charges must be paid in full before any funds are released to the student. In the example listed above, you would not receive a refund check or direct deposit until July. If you change your summer enrollment after submitting your application, you must notify the Office of Admissions and Financial Aid immediately. Any change in enrollment could affect aid eligibility Complete the 2008-2009 Free Application for Federal Student Aid (FAFSA). This application uses information from your 2007 federal tax return, and is available at Free Application for Federal Student Aid (FAFSA). The deadline to file the 2008-2009 FAFSA is June 30, 2009. If you have already completed a 2008-2009 FAFSA, you do not need to complete a new one. To verify whether UALR has received your FAFSA: http://boss.ualr.edu
The UALR on-line summer aid application is also required in order to apply for summer financial aid. You must be registered in classes for the 2009 summer term before you can submit a Summer Application. Log on to the UALR BOSS system: UALR BOSS System Click on Enter Secure Area (LOGIN) Enter your UALR ID number (Your “T” number) and your PIN and click on Login Review Important Dates and click on Click here to continue. . . Click on “Financial Aid” Click on “Summer 2009 Financial Aid Application” Follow the instructions for submitting a summer financial aid application The priority deadline to apply for Summer Financial Aid is May 1, 2009 The final deadline to apply for Summer Financial Aid is June 1, 2009 Alternative loans are private sources of student financial assistance. Eligibility for the loan is based on the applicant’s credit rating. A co-signer may be required. Students may apply for an alternative loan if they do not qualify for federal financial aid or if they need additional financial aid resources to meet the cost of attendance. Note: The total amount of aid received from all sources cannot exceed the student’s cost of attendance. Graduate and Law School students should pursue a Federal Graduate PLUS loan instead of an alternative loan.
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