Summer term is the first term of the Academic Year. The types and amounts of aid available are limited. If you receive financial aid for the summer term, your aid for the subsequent fall and spring semesters may be reduced significantly.
A Free Application for Federal Student Aid (FAFSA) or a Renewal Application must be completed listing the ITC (Title IV school code 001568) before we can determine your eligibility for summer aid.
We recommend filing your FAFSA at least 12 weeks before the beginning of summer term. We recommend you file the summer aid application by March 1 for priority processing. Normal processing time for summer term aid can take up to eight weeks depending upon when you submitted your FAFSA and if additional information is needed to evaluate your eligibility.
Pay your own tuition by the due date if your financial aid will not be ready in time. Tuition for summer term is due by the first day of classes.
The full-time and part-time enrollment requirements for summer term are the same as for any semester of the academic year. A student must be enrolled for a minimum of six (6) hours in order to receive financial aid.
If you are a continuing student, you must meet satisfactory academic progress requirements to receive aid. If you do not complete the required number of credits and earn the required grade point average for the previous year by the end of spring term, your eligibility for aid will be suspended, we will stop processing your application and aid will not be disbursed to you.
Financial aid will be refunded to the aid programs if you withdraw from all of your classes during the university or federal refund period. In addition, if you withdraw summer term, you may owe immediate repayment of aid you received (except direct loans that are payable according to the terms of the promissory note). If you withdraw during the federal refund period, (i.e., the first 60% of your enrollment period, the amount of aid that must be returned to the aid programs is based on the proportion of the term remaining (that was not completed). For example, if you withdraw with 80% of the term remaining, 80% of your aid funds must be returned to the aid programs. The amount that you must repay immediately depends on the amount of university fees and the type and amount of aid for summer.
If you want financial aid for summer term a separate application is required. Please remember to check with your academic department to apply for other sources of aid administered from these offices.