Financial Aid Information
Applying for Financial Aid
Summer 2008 is considered the last term in the 2007-08 year for financial aid. In order to apply for summer financial aid you must have a complete financial aid file at UCSB. This includes the data from the 2007-2008 Free Application for Federal Student Aid (FAFSA). Information on how to complete the 2007-08 FAFSA can be found at http://www.finaid.ucsb.edu/Applying.asp
The online SUMMER 2008 FINANCIAL AID APPLICATION will be available on the UCSB Financial Aid Office web site at www.finaid.ucsb.edu on April 14, 2008.
A 2007-2008 FAFSA on file does not automatically make you eligible for financial aid. You must also submit the SUMMER 2008 FINANCIAL AID APPLICATION.
Important 2008 Dates
- April 14 — Summer 2008 FINANCIAL AID APPLICATION available at www.finaid.ucsb.edu
- April 18 — 2007-2008 FAFSA DEADLINE. Students must submit their 2007-2008 FAFSA by this date to allow sufficient time for processing and review of their summer eligibility.
- May 30 — PRIORITY SUMMER SESSION FINANCIAL AID APPLICATION DEADLINE.
Undergraduate students who do not submit a SUMMER 2008 FINANCIAL AID APPLICATION by this deadline will not be considered for university grant eligibility.
- June 30 — SUMMER 2008 FINANCIAL AID APPLICATION DEADLINE AND REVISION REQUEST DEADLINE. Applications and revision requests received after this date will not be processed.
Types of Available Aid
- University Grant: Available to eligible undergraduate students who meet the May 30, 2008 priority deadline.
- Pell Grant: Available for those who did not receive their full eligibility during the 2007-2008 academic year.
- Academic Competitive Grant: Available for those who meet the eligibility criteria and who did not receive their full eligibility during the 2007-2008 academic year. Eligible students must be enrolled full-time. At UCSB, full-time is a minimum of 12 units.
- National SMART Grant: Available for those who meet the eligibility criteria and who did not receive their full eligibility during the 2007-2008 academic year. Eligible students must be enrolled full-time. At UCSB, full-time is a minimum of 12 units.
- Direct Loan: Available for those who have remaining eligibility on Subsidized & Unsubsidized Direct Loans.
- PLUS Loan: Available for parents of dependent undergraduate students.
- Graduate PLUS Loan: Available to eligible graduate students.
- Alternative Loan: Available to students that have no remaining Direct Loan eligibility. If you wish to view the information from the various private educational loan lenders on the Alternative Loan chart listed on:
http://www.finaid.ucsb.edu/TypesOfFinAid.asp
Eligible Students
- Continuing and returning degree-seeking UCSB students in good academic standing
Undergraduates: must be enrolled in a minimum of six (6) units.
Graduates: must be enrolled in a minimum of four (4) units
- Incoming freshman and transfer students
- Graduate students who are enrolled in the Summer Language Institute's Master's degree program.
- Graduate students who are enrolled in the Teacher Education Program.
Ineligible Students
- Students who were academically dismissed prior to Spring quarter 2008 are not eligible.
- Non-UCSB students as determined by the UCSB Office of the Registrar are not eligible.
Satisfactory Academic Progress
You must make Satisfactory Academic Progress during the 2007-2008 academic year (Fall through Spring). Grades will be reviewed after Spring grades are posted in late June. If you are placed on Financial Aid Suspension status at that time, you will not be eligible for any type of grant or loan for Summer Sessions. Any funds paid to you will be billed back.
Notification of Eligibility
When your Summer Sessions financial aid application has been processed, the UCSB Financial Aid Office will send you an e-mail to inform you to view your Summer Sessions Financial Aid Award on the Financial Aid Office web site (www.finaid.ucsb.edu). The award information can be found under Tab 4 of the financial Aid Award Letter icon. If you want to accept the loans you are offered, you will need to electronically submit the student Loan Request Form on tab 5. To accept a Parent Loan, go to tab 6 and print, complete and submit the “Parent Loan Request Form.
Disbursement
Aid will be applied to the student's BARC account, with the exception of PLUS loans that parent borrowers request be sent directly to them, and Alternative Loans, which will be available for pick up in the BARC office. The earliest disbursement is 10 days prior to the scheduled start of your Summer Sessions classes.
