Summer 2014 Financial AidSummer aid applications are now available (see below). We recommend that you submit your application as soon as possible to ensure a timely disbursement of your aid. Please read the following information before completing the summer aid application. Contact us if you have questions.
- Term of entry: This application is for continuing students only. If you are entering TC for the first time in Summer 2014, the summer aid application is not necessary.
- Loan eligibility: Note that if you have already used $20,500 in Unsubsidized Stafford Loan in the Fall 2013 and/or Spring 2014 terms, you have reached your yearly federal maximum with this loan. Your only option at this point will be the Graduate PLUS Loan. View your TC Portal to see which forms of aid you have used this year.
- Credit check: Students who have used the Graduate PLUS Loan in the past may have an expired credit check. If it has been more than three months since your most recent PLUS Loan credit check, you will need to use these directions to complete a new one. Follow the directions in Step 1 under the "Federal Direct Graduate PLUS Loan" section. Students who attended TC in the fall and/or spring semesters but did not use PLUS Loan funding and now wish to use it for the summer should contact us before completing the credit check to ensure that the appropriate forms are completed.
- Enrollment: You must enroll in six or more credit hours to be eligible for federal aid of any kind during the summer. It does not matter how the six credit hours are distributed. You could take all six in A, all six in B, or three in A and three in B, or in any other combination.
- Loan origination fees: Remember that your loans have origination fees associated with them, so you should not borrow exactly what you need. Borrow a little more than what you actually need to disburse to your student account to cover these fees. The Stafford Loan's origination fee is 1.072%, while the PLUS Loan's origination fee is 4.288%.
- Amount of funding needed: You must provide us with an amount of funding that you need for the summer under the appropriate loan heading. Summer loan applications that leave this field blank will not be accepted. Please review our Cost of Attendance page to calculate your costs for the summer.
- Summer term enrollment dates:
- Summer A begins on May 21 and ends on July 3.
- Summer B begins on July 9 and ends on August 14.
- Summer A/B begins on May 21 and ends on August 14.
- Disbursement schedule:
- If you are a Summer A student, your aid will disburse twice in Summer A and your refund will come after the second Summer A disbursement.
- If you are a Summer B student, your aid will disburse twice in Summer B and your refund will come after the second Summer B disbursement.
- If you are a Summer A and Summer B student, your aid will disburse once in Summer A and once in Summer B and your refund will come after the Summer B disbursement.
- Disbursement dates:
- Summer A only disbursement will happen on May 21 and June 13.
- Summer B only disbursement will happen on July 9 and July 25.
- Summer A/B disbursement will happen on May 21 and July 9.
We recommend that you plan ahead and have an estimate of how much funding you will need to receive during the summer term(s) in order to pay for tuition, fees, books, supplies, living expenses, etc. This number must appear on your form. Incomplete summer aid applications will not be accepted. The 2013-2014 FAFSA must be on file before we can provide you with federal aid during Summer 2014. You do not need to make any edits to your 2013-2014 FAFSA record in order to receive federal aid during this term. Those wishing to continue into the Fall 2014 semester (and beyond) and wish to receive federal aid must complete a 2014-2015 FAFSA.