Welcome to the Financial Aid Office’s guide to summer financial aid. The frequently asked questions below will provide you with valuable information regarding the application process, types of aid available, costs, and more.
Applying for Aid
- How do I apply for summer financial aid?
- How many credits do I have to take to qualify for aid?
- When will I get my summer award package?
- Once I have my summer financial aid package, what are my next steps?
- What if I have to change my housing or registration status?
Financial Aid Availability
What types of aid are available?
- Undergraduate Students
- Graduate Students
- Is there any financial aid available if I take just one summer course?
- Is financial aid available for off-campus living expenses?
- What types of aid are available for visiting students?
Payment and Billing Information
- How much will it cost?
- Are tuition payment plans available for summer sessions?
- What is the refund policy for withdrawals during the summer sessions?
Academic Sessions
Applying for Aid
How do I apply for summer financial aid?
- Complete your registration for summer courses.
- Complete and submit a Summer Financial Aid Application
- Complete and submit a FAFSA for both the 2023-24 and 2024-25 academic years. If you have not completed either FAFSA, please do so at studentaid.gov.
How many credits do I have to take to qualify for aid?
Students need to register for at least six credits over all summer sessions to be eligible for most aid programs; however, there are some private loan programs available to students taking fewer than 6 credits. If your registration drops below six credits, your summer financial aid package will be adjusted. These adjustments may create a balance due on your account. Please contact the Office of the Bursar to make payment arrangements.
When will I get my summer award package?
Your summer financial aid application will be individually reviewed to determine your aid eligibility for summer sessions. A summer financial aid package will be sent to you as long as you are registered and have submitted a summer financial aid application. Completion of the summer financial aid application does not guarantee eligibility for any type of assistance.
Once I have my summer financial aid package, what are my next steps?
If your financial aid package includes a Federal Pell grant, additional documentation may be required. You will receive notification under separate cover, if necessary, listing the documents required.
Institutional scholarships and grants do not require any further action.
If you borrowed a Federal Direct Loan during the 2023-24 academic year and have been awarded one for the summer, no further action is required. New borrowers must sign a Master Promissory Note (MPN) and complete an Entrance Counseling. Additional instructions will be sent via email.
If a Federal Direct PLUS loan has been suggested, your parent may apply online at studentaid.gov.
If a private alternative loan has been suggested, a separate loan application must be submitted to your lender of choice for the summer session.
What if I have to change my housing or registration status?
If you change your registration or housing status after completing the summer financial aid application, please contact the Financial Aid Office so we may adjust your summer financial aid package. Should you decide to change your housing status, please contact Residential Life as well.
Financial Aid Availability
What types of aid are available?
Undergraduate Students
Grants
Loans
Graduate Students
Loans
Is there any financial aid available if I take just one summer course?
Financial aid is limited for students who are registered for fewer than 6 credits over all summer sessions; federal loans are not available. One option is a credit based private alternative loan. To assist you in finding the loan that may be right for you, we have compiled a Alternative Lender List. You are free to choose ANY lender – whether it is on the list or not – without penalty. In the event that you choose a lender not appearing on the list, please notify the Financial Aid Office so we may assist in processing your loan. Please be sure you meet all of the eligibility criteria including but not limited to enrollment requirements when choosing a lender.
Is financial aid available for off-campus living expenses?
Financial aid, usually loans, may be used for off-campus living expenses. If you would like financial aid for your summer living expenses, please request it when completing the summer financial aid application; you may however not be eligible for the entire amount you request. Know also that if you have requested additional funds for living expenses, those funds will not be immediately available to you. Refunds are issued by the Office of the Bursar after your financial aid has been finalized and credited to your account. You should be prepared to pay your expenses until you receive your refund.
What types of aid are available for visiting students?
There are financial aid options available for students who are visiting from other universities.
- Consortium Agreement
If you receive financial aid at your home school and would like your home school to process your financial aid, you should contact your school’s Financial Aid Office regarding a consortium agreement. For more information regarding consortium agreements, please contact Nancy Hanson at nhanson@monmouth.edu. - Private Alternative Financing
As a visiting (non-matriculating) student, you do not meet the eligibility requirements for the federal loan programs. However, you may wish to consider an alternative loan from a private lender. To assist you in finding the loan that may be right for you, we have compiled a Alternative Lender List. You are free to choose ANY lender – whether it is on the list of not – without penalty. In the event that you choose a lender not appearing on the list, please notify the Financial Aid Office so we may assist in processing your loan. Please be sure when choosing a lender that you meet all eligibility requirements.
Payment and Billing Information
How much will it cost?
Tuition
Click here for Undergraduate and Graduate Tuition & Fees.
Are tuition payment plans available for summer sessions?
Please check with the Bursar’s Office for summer payment plan options by visiting their website at www.monmouth.edu/bursar.
What is the refund policy for withdrawals during the summer sessions?
For Withdrawals – Summer Sessions
Refunds, upon withdrawal from summer sessions, will be made according to the policy stated below:
- Students who withdraw from a four-week or six-week summer session within the first week of the session will receive 100 percent refunds. Withdrawals after the first week are not eligible for refunds.
- Students who withdraw from a twelve-week summer session within the first week of the session will receive 100 percent refunds. Fifty percent refunds will be given if students withdraw from courses in the second week. Withdrawals after the second week are not eligible for refunds.