Financial aid for summer 2017 sessions can include Federal Direct/PLUS Loans, Federal Perkins Loans, Federal Pell Grants and the NYS Tuition Assistance Program (TAP).
Since federal aid resources have annual maximums, if you choose to use the Federal Pell Grant, Perkins Loan or Direct student loan(s) during the summer sessions, the amount you receive from these resources will be reduced for the following fall and spring semesters. Aggregate limits may also be impacted in the future. Rensselaer cannot replace these funds should these instances occur. NYS TAP may only be used in the summer if you will be accelerating your graduation date by taking summer classes.
The payment of summer TAP is delayed by over a year and will be applied to your student account in October 2018.
A student may utilize a semester of eligibility of Rensselaer scholarship and/or grant. However, it is important to note that using Rensselaer aid during the summer counts towards the eight (or ten, if an Architecture or Co-Terminal student) semesters of aid a student is eligible to receive as an undergraduate. If you are currently receiving Rensselaer grants/scholarships, these funds will be prorated based on the number of credits you take in the summer term(s). You must take at least six credits to be eligible for Rensselaer aid.
In order to be eligible for federal financial aid, you must also be enrolled for at least six credits. The only exception to this is for the Pell Grant, which may allow eligibility for less than half-time study. If you are eligible for the Pell Grant, we are required to award the grant to you in the summer term and reduce the amount you will receive in the fall and/or spring term.
The proration formula for Rensselaer aid is:
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Please be aware that, for need-based Rensselaer aid, you must demonstrate financial need as determined by the Office of Financial Aid.
Note: Because you may pre-register on-line for courses without making payment, it is strongly recommended that you do not register for courses until receiving an official financial aid award notification from the Office of Financial Aid or you may risk owing Rensselaer more than you anticipated.
After your FAFSA has been received by the Office of Financial Aid, you’ll need to review your SIS account to see if other items are required for your financial aid application and submit any other required financial aid application and submit those documents as soon as possible. (i.e. parent/student IRS tax transcripts).
You must complete the Undergraduate Summer Financial Aid Application and return it to the Office of Financial Aid by April 1, 2017.
Applications received after this date will be reviewed AFTER those that have filed by the deadline. THIS FORM IS FOR UNDERGRADUATE STUDENTS NOT PARTICIATING IN THE SUMMER ARCH PROGRAM ONLY! No separate application is required to apply for aid for the Summer Arch program. We will notify you vial email of your when your financial aid award is ready to view on your SIS account.. If you register for less than the number of credits you estimate on this form, your aid may be reduced or cancelled. It is your responsibility to notify us in writing of any change in the number of credits you plan to take.