Carnegie Mellon University

Summer Financial Aid

Thinking about sticking around this summer? Financial aid is available to eligible Carnegie Mellon students enrolled in summer courses. Here, you will learn more about summer aid eligibility, how to apply for aid and what types of aid are available.

Federal Direct Student Loans

The Federal Direct Loan is the most widely-used and is available to both undergraduate and graduate students. There are two types of Federal Direct Loans: Subsidized (for undergraduates only) and unsubsidized. Students interested in applying should submit a Summer Loan Application (pdf). Eligibility will be determined once this form is received and processed in The HUB. 

If you choose to borrow a Federal Direct Loan for a summer session, then your eligibility for the loan may be reduced for the following academic year. 


Summer Grants

Some students may be eligible for a PHEAA Summer State Grant; however, institutional (Carnegie Mellon) grant funds are not available for summer sessions. Pell Grants are only available for summer students who did not receive a full-time Pell Grant during the preceding fall and spring semesters. 

Pennsylvania (PHEAA) Summer State Grants

Students may qualify for a summer PHEAA state grant by completing an additional application. The summer grant counts toward one of eight full-time semesters of state grant eligibility. Awards are determined by PHEAA with a maximum full-time award of $2,174. Interested students may apply for this grant by completing an application at www.pheaa.org by the August 15 deadline.


Private Loans

There are other loan options provided by private lenders that may provide supplementary funding for students. Private loans are not part of federal programs like Federal Direct Loans or PLUS Loans. They are loans given by private lenders and institutions; therefore, loan terms and limits vary by program and lender. Private loans are based on creditworthiness and may require a co-signer. View more information about private loans