Students who enroll at least half-time (6 hours) in the summer may have eligibility for federal student loans. Eligibility for federal student loans is for a 12 month period that begins in the summer.
Many students use their full eligibility in the fall and spring. For a student who has $6500 loan eligibility for an academic year, this means $3250 per semester, fall and spring. If they are enrolled at least half-time in the summer and wish to use their loan eligibility to help pay costs, their $6500 loan could begin in the summer, meaning $2166 for each of the three terms. Students need to understand that if they accept federal loans for the summer term, they will have reduced loan eligibility for fall and spring because they used a portion of their eligibility during the summer.
Please check with the Office of Student Financial Services for questions about federal or private loans during the summer. Private loans have fewer restrictions, but would typically require a co-signer.