Summer is the last term of the 2017-18 academic year for undergraduate students. Aid will be based on eligibility from the 2017-18 FAFSA. The last date to submit a 2017-18 FAFSA is June 30, 2018.
Students who are graduating at the end of the summer or fall term may be eligible to use aid from the 2018-19 award year. Students should contact the Student Financial Services office at firstname.lastname@example.org with this information. Please list the number of credits you are planning on taking during the summer and fall. Students would need to complete the 2017-2018 FAFSA.
For many students, summer classes may be an out-of-pocket expense. Augsburg offers students a 2 month (June and July) payment plan. Enrollment will begin after the May statement become available. Some students may qualify for federal student loans, but some may need to borrow a private student loan. Students with a credit-worthy cosigner may borrow private student loans. Wells Fargo and Sallie Mae do not require half time status. SELF and Discover do require at least half time enrollment status (6 credits).
Summer is the first term of the 2018-19 financial aid year for graduate students. Aid will be based on eligibility from the 2018-19 FAFSA. If eligible, we will split your yearly loan eligibility into 3 (summer, fall, spring) terms. Graduate students will need to be enrolled in 3 credits to be considered half time and 6 credits to considered full time. Half time status is required for federal loans.
Summer Payment Plans
Students will have the option to sign up for a 2 month payment plan. Students will be able to enroll in the payment plan in May. Payments will be due June 1st and July 1st.