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Financial Aid

Students who want to apply for Federal or Institutional loan assistance during the 2017 summer term must complete: 1) The 2017-2018 Lehigh Summer Financial Aid Application; and 2) a 2017-2018 FAFSA. For timely summer consideration these forms should be filed no later than April 15, 2017. Please contact the Office of Financial Aid for further details or assistance with application forms, deadlines, or the summer loan resources detailed below..

University Tuition Loans

Because most of our students borrow from the Federal Direct Loan program during the academic year, we attempt to use our endowed loan funds for summer study.  There is a limit to the number of loans that can be awarded and the amount that may be borrowed. You will need to file your summer application by April 1 to be given full consideration.  You must be enrolled in at least 6 credits and you may borrow up to the cost of tuition for the summer courses OR $11,000, whichever is less. The promissory note for this loan requires a parental co-signer.  Repayment does not begin until three months after graduation (or withdrawal) from the university.  The minimum monthly repayment rate is $50 plus the accruing interest, which is 7% during repayment.

Federal Direct Loans

If you are a degree candidate, enrolled at least half-time, you may be eligible to apply for a Federal Direct loan  The maximum amounts that you may borrow for each year of full-time study based on year in school: $3,500 - first year; $4,500 - sophomore; $5,500 for juniors and seniors; $20,500 per year of graduate study.  Note:  Any amount borrowed during a summer session reduces eligibility for the academic year.  This applies to both subsidized and unsubsidized Federal Direct loans.  Additional details on the Federal Direct Loan program, including current interest rates, is available at https://studentaid.ed.gov/sa/.

Private/Alternative Loans

If you are a degree candidate, enrolled at least half-time, you may be eligible to apply for an Alternative Loan for the summer session. A Private/Alternative Loan is a loan that a student can borrow up to the cost of attendance minus any other aid received. These loans are based on the student's credit history with the best interest rates given to students who have credit-worthy co-borrowers. A student who has not established credit must generally apply with a co-borrower. We strongly recommend that you carefully review all the terms of each individual loan, as they can vary greatly. Individual loan providers have their own application and timeline. Plan to apply at least 30 days prior to the date the bill is due.

Federal PLUS Loans

The PLUS loan program is available to parents, who do not have an adverse credit history, to borrow up to the full cost-of-attendance (less any financial aid received).  For additional information on this loan, including current interest rates and loan fees, please visit https://studentaid.ed.gov/sa/.  Parents apply for the loan at www.studentloans.gov.

Work Opportunity

Limited student employment opportunities are available over the summer.  Students who identify a summer job should have the position supervisor contact the Office of Financial Aid to confirm eligibility. 

PHEAA Grants: Co-Op Students and Others

Students who are degree candidates and residents of Pennsylvania, may apply for a State grant for summer use.  To be eligible, you must enroll for at least half-time in summer session. Any summer state grant counts against the state grant eligibility for the upcoming fall/spring term(s)..  Applications are available on the State Grant website.