If you are a Beloit student seeking financial aid, make sure to check the following resources.
Do I qualify for financial aid over the summer?
Eligibility for summer financial aid depends on two things; how many units you take and your FAFSA eligibility. In order to be considered for federal financial aid (federal grants and loans), you must be taking 1.5 units or more. To qualify for private loans, you just need to meet the minimum requirement for your lender and pass their credit check.
If you are an international or visiting student, you may be eligible for a private loan through the bank of your choosing.
Do I qualify based on my enrollment status, what programs are available to me during the summer term?
The summer Pell Grant has returned for students who received the grant in the previous Fall and Spring terms. The amount you are eligible to receive depends on your enrollment status (full-time enrollment=full award amount, half-time enrollment=half of the award amount).
Federal Direct Subsidized and Unsubsidized loans are available for students who did not use any or all of their federal loan eligibility during the previous Fall and Spring terms and are enrolled in 1.5 units or more. Parent PLUS loans can be borrowed by a parent if the parent’s loan application is approved and the student is enrolled in 1.5 units or more (parents whose summer PLUS loan application is denied should contact the Financial Aid Office to discuss their options).
Private parent and student loans are available through various banks. If you will be financing your summer program through a private loan, be sure to check with your lender to see if they have an enrollment requirement. Some require you to be enrolled half-time or more (1.5 units or more) whereas some do not have an enrollment requirement.
Do I need to complete the FAFSA again?
We only need your current FAFSA application to see if you qualify for aid. An additional application is not needed if you already completed your application for the previous Fall and Spring terms.
I will be enrolling in a Beloit Block for 3 weeks. Do I qualify?
International block courses do reach the 1.5 unit enrollment requirement. If an on-campus block is the only summer course you are taking, then you will not qualify for any federal aid programs as you do not meet the minimum 1.5 unit enrollment requirement. You are still able to borrow through a private lender if your loan application is approved and they allow for you to borrow as a “less-than half-time student.”
I will be enrolling in the 7-week CLS program. Do I qualify?
Yes, the 7-week CLS program will earn you 2 units and is considered half-time enrollment. Although your enrollment status qualifies you to receive financial aid programs, you must also be deemed eligible by your FAFSA application.
I will be enrolling in a 3.5-week CLS program. Do I qualify?
If the 3.5-week CLS program is your only summer course, then you will not qualify for any federal aid programs. You are still able to borrow through a private lender if your loan application is approved and they allow for you to borrow as a “less-than half-time student.”
I will be enrolling in both a Beloit Block program and the 3.5-week CLS program. Do I qualify?
Yes, because each course will earn you 1 unit, you qualify to be considered for federal aid programs. You must also be eligible based on your FAFSA application.
I will be enrolling in a 1 unit summer course at Beloit College but also taking a summer course at a different institution. Do I qualify?
It depends; first, your class must be transferable to Beloit College to serve as credit towards your degree. Please check with the Registrar’s Office to see if your non-Beloit course can be accepted as transfer credit. Next, you must be enrolled in a combined 1.5 units (6 credit hours) or more for federal aid programs. As previously stated, if you are using a private loan you only need to verify the enrollment requirement with your lender.
If you are taking classes both at Beloit College and a separate institution, you must notify the Financial Aid Office of your intentions because additional paperwork is required.