Summer Financial Aid Information

Important Dates

April 30th, 2025 - Register by April 30th for priority consideration. No separate application is necessary. Your registration will trigger an automatic review of your eligibility.
July 2nd, 2025 - Register by July 2nd for FINAL consideration of summer financial aid. No separate application is necessary. Your registration will trigger an automatic review of your eligibility.
NOTE: If registering close to the fee payment deadlines for summer, you will be responsible for any charges until your aid can be evaluated and processed. If accepting loans, this can take a minimum 3-4 business days to fully process and apply to your account. Registration does not gaurantee sufficient aid eligibility.

How to apply for Summer Financial Aid

The Student Financial Aid Office will evaluate your eligibility once you have completed the steps below: No separate application is necessary. Your registration will trigger an automatic review of your eligibility.

Complete the 2024-2025 Free Application for Federal Student Aid (FAFSA) online at https://studentaid.gov/h/apply-for-aid/fafsa. If you have already completed a 2024-2025 FAFSA, you do not need to complete a new one.
Register for summer courses (register up front for all courses that you plan to attend). NOTE: IF you change your summer enrollment, you must notify the Student Financial Aid Office immediately. Any change in enrollment could affect aid eligibility. Attendance at another institution during the year may also affect summer eligibility.
After registering in at least half-time status, our office will be notified and will evaluate your eligibility for summer aid within 10 - 15 business days of registration. A "Summer Aid Request" requirement/red flag will be added to your account within 2 business days of registering in at least half-time status. This is simply to let you know that our office is aware of your registration and that your eligibility will be evaluated within 10-15 business days. You do not need to take any additional action unless there are other requirements/red flags showing on your account.

Once your eligibility has been evaluated, your myMemphis portal will be updated to reflect your status. Note: Federal Stafford Loans cannot be automatically accepted on your behalf, even if you accepted loans for fall or spring. You will need to review any summer Stafford Loan offer and accept your chosen amount, up to the maximum offered. Accepting your loan(s) will begin the 3-4 business day processing time before they can apply toward your account.

Eligibility Requirements for Summer 2025 Financial Aid

Students must complete the 2024-2025 FAFSA online at https://studentaid.gov/h/apply-for-aid/fafsa. If you have already completed a 2024-2025 FAFSA, you do not need to complete a new one.
You must register for summer 2025 courses before your eligibility will be evaluated. If you are receiving a Pell Grant and enroll less than half-time, our office will automatically review your eligibility.
Register up front for all summer courses you plan to attend. You will be responsible to pay any additional fees for any courses added after summer aid has been applied.
You must be fully admitted to a degree seeking program.
Only courses that satisfy a degree requirement will be used to determine your federal/state aid eligibility.
You must meet the terms of the Satisfactory Academic Progress policy either by being in good standing according to the policy or by having an appeal approved and agreeing to the terms of an academic plan that will allow you to receive aid while regaining good standing.
You cannot be in default on a student loan or owe a repayment to a federal grant.
Receipt of additional financial assistance from any source could affect your financial aid eligibility. Failure to report other sources of aid may result in required repayment of other financial aid funds.

Federal Pell Grant

Students who are otherwise eligible for a Federal Pell Grant may be eligible for the grant during summer by enrolling for the summer terms.
Pell Grant amounts are calculated based on prorated amounts that correspond to the number of hours of enrollment for the term.
Student must not have used all of their Pell Grant eligibility during the current academic year either at the University of Memphis or any other college.
Students will be automatically reviewed to determine summer Pell Grant eligibility.
If the student has already received their lifetime eligibility usage of 6 years/600%, then they are no longer eligible to receive a Federal Pell Grant.
Graduate students are not eligible to receive a Pell Grant.

Federal Student Loans

You must be enrolled at least half-time (6 hours - Undergraduate students / 5 Graduate credit hours - Graduate Students; 3 Law credit hours – Law students) to be eligible for a federal student loan.
The Student Financial Aid Office will evaluate eligibility for student loans. Federal Stafford Loans received in previous semesters for the 2024-2025 academic year will affect summer 2025 loan eligibility.
Students who have already received the maximum Federal Stafford Loan amount for the 2024-2025 academic year will not be eligible for additional Federal Stafford Loans during summer.
If a student has progressed a grade level (i.e. Sophomore to Junior), additional funds may be available and eligibility will be evaluated after the spring term has ended.
Students who have reached the aggregate (lifetime) Federal Stafford Loan limits for their academic level are not eligible for additional loan funds.
Graduate/Law Students: If you borrowed the entire $20,500 annual Federal Unsubsidized Stafford Loan limit during the fall 2024 and spring 2025 semesters OR you have reached your cumulative aggregate borrowing limit, your option in the summer is to apply for the Federal Direct Graduate PLUS Loan following the steps below. This loan is based on the borrower not having an adverse credit history.

Go to https://studentaid.gov/plus-app/grad/landing.
Click Log In to Start and use your login credentials to complete the application process.
- When prompted, select the 2024-2025 aid year during the application process.
- When prompted, select the May through August, 2025 loan period during the application process.

Parent of Dependent Students: To apply for a Federal Direct Parent PLUS Loan, follow the steps below. This loan is based on the parent borrower not having an adverse credit history.
- Go to https://studentaid.gov/plus-app/parent/landing.
- Click Log In to Start and use the parent's login credentials to complete the application process.
  - When prompted, select the 2024-2025 aid year during the application process.
  - When prompted, select the May through August, 2025 loan period during the application process.
- Parent information must be used as the borrower when applying for Direct Parent PLUS Loan.

Summer Disbursement of Funds

Pell Grants will be disbursed in the first full summer session (i.e. If the student has 3 hours during the summer 1 session and 3 hours for the summer 2 session, the Pell Grant will be disbursed to the student's account during the summer 1 session). The Pell Grant will be adjusted if the student never begins attendance in the second summer session.
Summer loans will be disbursed in the 1st full summer session to include any sessions as long as the enrollment is at least half-time. If second session courses are dropped prior to the begin date of the second session, then the student loans may be adjusted or canceled entirely (based on requirements for the new enrollment level).
IMPORTANT NOTE: Dropping courses or changing your enrollment after your aid has applied to your account may result in the adjustment of your financial aid which may create an outstanding balance. Any change in enrollment should be reported to the Student Financial Aid Office immediately.

Enrollment Status Changes

Awards are subject to change based on enrollment status. Initial awards are based on full-time attendance, 12 undergraduate credit hours. However, some funds (Pell Grants, TSAC, etc.) are prorated and disbursed based on actual enrollment as of the census date—the 14th calendar day after the beginning of the full part of term. If any of these types of aid have already applied to your account and you change your enrollment status on or before the 14th calendar day of the full part of term, you may have to repay the funds. As noted above, if you drop a course prior to the begin date of the second session, your aid may be adjusted or cancelled entirely. Withdrawing completely after your aid has applied to your account will require our office to determine the percentage of Title IV aid that you earned through a Return of Title IV Aid process and return any unearned aid.

How to Pay Summer Fees

For information on fee payment methods, please visit the University and Student Business Services' Payment Options page. Other fee information can be found on the University and Student Business Services Fees page.

NOTE: Payment plans are not generally available for the summer term.

Study Abroad

Study Abroad students seeking federal aid must also be enrolled in at least half time to qualify and must meet all other requirements as noted above. A Transfer Credit Request (TCR) form must be on file with the Admissions Office before aid can be processed. Note that federal financial aid provided for study abroad (regardless of semester) is based on the planned courses listed on the TCR. Any deviation from the TCR and the actual credits earned/transferred back to the University of Memphis may result in adjustments to the student's aid for the study abroad term.

HOPE Scholarship for Summer

For information regarding eligibility for the HOPE Scholarship during summer term, please visit our Summer HOPE Scholarship page.

Transfer Students

Eligibility for transfer students may be limited based on federal loans and/or grants received at another institution during the academic year.
Transient students (those who do not intend to graduate from the University of Memphis) are not eligible to receive federal student aid.