Institutional funded aid may disburse 10 days prior to the start of the summer term. Summer Federal loans will disburse on the first day of the student’s first summer class if enrolled for at least halftime (3 hours).
TCU grants, scholarships, and Direct loans are usually not available for summer terms. Therefore, funding for summer school is available in the form of other educational loans.
Qualified students will receive a Federal Pell Grant during the summer term. The amount awarded is based on enrollment and the EFC generated by the FAFSA. In some cases, students who qualify for a fall/spring disbursement of Pell Grant do not qualify for a summer disbursement.
NOTE: At least half-time enrollment is not required to receive a Pell Grant.
Important note regarding disbursement of summer financial aid: Most financial aid listed below is limited to students who are enrolled at least half-time except private loans and the PELL grant.Due to Federal regulations, state statute, and TCU policy summer aid from Federal or state sources cannot be disbursed until a student begins the half-time study. For example, the student is enrolled in a 3 hour May session and 3 hours during the 2nd 5-week session= disbursement is the first day of the May session. A student enrolled in 6 hours the 1st 5-week session= disbursement is the first day of the 1st 5-week session.
|Summer Enrollment Status (undergrads)||Financial Aid options for Summer|
|No FAFSA/Less than 6 hours||Private loans-students can apply online with lender of their choice|
|6 hours or more||PLUS loans-must have 2019-2020 FAFSA on file at TCU; parents of dependent undergraduate students can apply online with US Dept of Education|
|6 hours or more||College Access Loans-certain students may have summer eligibility for College Access Loans - scroll down for details|
|1 hour or more||Pell Grant|
How much can I apply for?
|Enrolled Hours||The estimated cost of attendance for summer 2019 (loan limit)|
- All students needing funding for any summer school term may begin applying for loans in April 2019.
- Please apply for your summer needs ONLY by choosing a loan period of 5/13/19 to 8/09/19 and by limiting your loan amount to the funding you will need for that time period.
- Additional loan applications should be completed for fall and spring costs once the student has received an award notification email for those semesters.
- Loan applications that are processed by the same lender and within 90 days of one another will most often result in only one inquiry to the students and/or cosigner’s credit. Check with your lender to confirm their credit application policies.
- Some undergraduate students who plan to graduate in August 2019 or December 2019 may receive student Federal Direct Loans and PLUS Loans (parent) in summer if enrolled in 6 or more hours. A student may also request that they receive student Federal Direct Loans disbursed in 3 equal disbursements for summer/fall/spring if in 6 or more hours each semester.
College Access Loan for Summer 2019
Texas residents who are enrolled at least half-time for summer 2019 may apply for the College Access Loan (CAL) from the state of Texas. To be eligible, undergrad students must be enrolled in a minimum of 6 hours for the summer semester, and have a 2019-2020 FAFSA on file at TCU. Important: If you will be applying for a CAL loan for summer as well as a CAL for fall/spring, you must wait for a minimum of 2 weeks between these applications.
The student borrower for the CAL will require a credit-worthy cosigner if the student’s credit is not sufficient. Click here to get more information and apply online.
Undergraduate students who are eligible for CAL in fall 2019 and spring 2020 will have the option included in their financial aid award package.
Please be sure to periodically check “Requested Information” on the financial aid website for any outstanding information needed to process your application. Awards will not disburse until all outstanding documents are submitted.