What You Need to Know About Summer Financial Aid
Summer aid may be available in the form of: Federal Direct Subsidized/Unsubsidized Loans, Federal Pell Grant and both part-time and full-time employment. Students applying for summer aid must complete a Castleton Summer Aid Application and meet with a financial aid officer, either in person or over the phone, to go over their summer aid options. Summer loans and grants, in most cases, reduce the amount of loan and/or grant eligibility for the following fall and spring semesters. Please return your completed application to the Financial and Registration Office and schedule an appointment to meet with one of the financial aid officers.
The Federal Direct Unsubsidized Loan is the only federal aid that a graduate student may be eligible for. Graduate students must complete a Castleton Summer Aid Application and meet with a financial aid officer, either in person or over the phone, to go over their options. Graduate students should keep in mind that their total loan eligibility for an academic year; summer, fall and spring semesters, is a total of $20500, if eligible. Please return your completed application to the Financial and Registration Office and schedule an appointment to meet with one of the financial aid officers.
Adjustments to Summer Aid
For students enrolled in Castleton classes and/or CCV classes, the first day of aid posting will typically be July 1. At that time, students must be eligible for the aid, which requires them to be enrolled in the classes the award is based on in order for that aid to post. For Castleton courses, no tuition refunds are made after the second day of class meetings; therefore, aid will not be adjusted if courses are dropped after aid has disbursed. For students enrolled in CCV summer courses, there is a separate schedule for pro-rated tuition adjustments; however, aid will generally follow Castleton’s policy so it is likely that no adjustments will be made after eligible aid has posted. If a student is scheduled to receive a second disbursement of aid that disbursement will only post if the student remains eligible.
Please return your completed application to the Financial & Registration Services Office and schedule an appointment to meet with one of the Financial Aid Officers. Summer tuition costs must be paid at the time of registration with Summer Financial Aid or other payment options.
The summer aid application will be available February 2020 on the Financial Aid Forms 2020-2021 section of our website and also available at the Financial & Registration Services Office.
Preferred Completion Date
April 15, 2020
Please Read Carefully
In order to be eligible for any type of summer aid, you must meet the following criteria:
- Be a matriculated Castleton student who is planning to be enrolled half-time for the summer session
- Students applying for work-study must be enrolled or intend to be enrolled at least half-time for the Fall 2020 semester, this includes incoming Castleton matriculated first-year students.
- Be in good academic standing and making satisfactory academic progress;
- Have a valid financial aid application (FAFSA) on file with the Financial Aid Office for both the 2019-2020 and 2020-2021 academic years. Both applications are required as the funding year changes July 1st (mid-summer).
- Have submitted all forms requested by the Financial Aid Office. If your FAFSA is selected for verification,
Verification must be complete.
It is your responsibility to notify the Financial Aid Office if any of the information you have given us on the Summer 2020 Aid Application changes, including:
- Change in the number of credits you are enrolled in during the summer session.
- Change in the sessions you will be enrolled in during the summer session.
- Change in the school/location where you will be taking classes during the summer.
- Any other summer aid including scholarships and tuition reimbursement for the summer session.
Summer Federal Work Study
Students awarded Federal Work Study during the summer may be expected to save a portion of their earnings to help meet educational expenses for the 2020-2021 academic year. This expected savings is called Summer Savings. It is calculated as the difference between your summer earnings and your summer costs. The calculated expected savings may reduce eligibility for a loan and/or federal work study during the 2020-2021 year. Federal work-study eligible students may work up to 37.5 hours per week. The hourly rate of pay will be based on the job classification and experience. Estimated summer savings will be recalculated based on actual summer earnings once the fall semester begins.