Summer Financial Aid
The Federal Direct Student Loan is the most widely-used loan for college students and is available to both graduate and undergraduate students. There are two types of Federal Direct Student Loans, subsidized and unsubsidized, and your eligibility for both is determined using your financial aid application. Graduate students are not eligible to receive direct subsidized loans.
All students interested in borrowing a Federal Direct Student Loan for the Summer session(s) must submit a Summer Loan Application form.
If you or your parents are borrowing a loan for the first time at Carnegie Mellon for Summer, please contact your college liaison in The HUB for instructions.
Students taking classes outside of Carnegie Mellon must submit a Consortium Agreement and a letter from their Carnegie Mellon department verifying that the units/credits will count toward their degree at Carnegie Mellon.
If you choose to borrow a Federal Direct Student Loan for the Summer session(s), your Federal Direct Student Loan eligibility may be reduced for the following academic year.
There are many other loan options provided by private lenders that can provide supplementary funding for students. Private loans are not part of federal programs like Federal Direct Student Loans or PLUS Loans. They are loans given by private lenders and institutions. Therefore, loan terms and limits vary by program and lender. They are based on creditworthiness and may require a co-signer.
Summer Session Dates
|Summer Session All 2016||May 16 - August 5|
|Summer Session One 2016||May 16 - June 24|
|Summer Session Two 2016||June 27 - August 5|
Summer Session Tuition Rates
- Institutional grant funds are not available for summer.
- Pell grants are only available for the summer if you did not receive a full-time Pell grant for the preceding Fall and Spring semesters.
- PHEAA State Grants are available for the summer.
Pennsylvania (PHEAA) Summer State Grants
- Students may qualify for a summer state grant by completing an additional application.
- The summer grant counts toward one of eight full-time semesters of state grant eligibility.
- Student Eligibility
- Students must meet Pennsylvania residency requirements as defined by PHEAA.
- Students are required to file a separate summer online application available at www.pheaa.org.
- Deadline for the application is August 15.
- Students must be enrolled at least half-time for the combination of all summer sessions.
- Awards are determined by PHEAA with a maximum full-time award of $2,174.
Note: For questions about summer grants, please contact The HUB at firstname.lastname@example.org.