Financial Aid

Summer Term Financial Aid Policy

Summer Term Process

Students who consider enrolling in courses during a summer session may qualify for financial aid based on their aid eligibility during the academic term.

Click the link below to review the financial aid process in the summer and to determine your eligibility based on your student status.

Types of Summer Financial Aid

Types-of-Summer-Financial-Aid

Undergraduate Students

Summer Scholarship

Undergraduate students enrolled for the summer will receive a Summer Scholarship offer, regardless of enrollment hours. The Summer Scholarship is calculated by taking the total value of institutional scholarships and dividing it by tuition charges during the regular academic year. This is considered a student's Summer Scholarship “percentage.” Students enrolled in summer courses will receive a Summer Scholarship that covers this percentage of their summer tuition charges. Since Summer Scholarships are based on tuition charges, they will vary from year to year. This policy is subject to change as funding is approved on an annual basis.

All tuition and fees are subject to revision by Illinois Tech’s Board of Trustees.

ROTC scholarships that were awarded in the regular academic year are not used to calculate the Summer Scholarship percentage. For calculation purposes, the Office of Financial Aid will utilize the original institutional scholarship awards that were offered to the student prior to entry into the ROTC program for Summer Scholarship calculations.

For more information regarding institutional scholarships, visit our scholarship page.

Federal Aid Eligibility

Undergraduate Students

Summer financial aid packages may include the following federal awards:

  • Pell Grant—Pell Grant eligibility varies and is based on enrollment and Expected Family Contribution (EFC).
  • Remaining Stafford Loan Eligibility—Stafford Loan eligibility is determined by the year in which the student is in school and comparing it to the annual loan limits for that year—as established by the United States Department of Education. Students enrolled in fewer than six credit hours are not eligible for Stafford Loans.
  • Summer Parent PLUS Loan—If the student is a dependent student, they will receive a Parent PLUS Loan offer. Students enrolled in fewer than six credit hours are not eligible for Parent PLUS Loans.

Graduate Students

Graduate students are eligible for additional loan funds for summer assistance, providing they are enrolled at least half-time (three credit hours for summer).

Summer financial aid packages may include the following:

  • Remaining Unsubsidized Stafford Loan Eligibility—Stafford Loan eligibility is determined by the year in which the student is in school and comparing it to the annual loan limits for that year, as established by the U.S. Department of Education. If a student has remaining eligibility, the student will receive a summer Stafford Loan offer.
  • Summer Graduate PLUS Loan—If the student has exhausted their Stafford Loans, they can request a Summer Graduate PLUS Loan by submitting the PLUS Loan Request Form to the Office of Financial Aid.

PLUS Loan Request Form

Graduate students must be enrolled in three or more credit hours for the summer term to be eligible for federal financial aid.