Summer financial aid is available to students if they have not exhausted their aid eligibility for the school year. For Buffalo State, the summer term is considered a "trailer" term, meaning it is the last term of the award year. For example, for the 2014-2015 school year, this includes the following terms: fall 2014, J-Term 2015, spring 2015, and summer 2015. For students that did not exhaust their aid eligibility prior to summer, they may have aid eligibility in the summer. Summer has some special financial aid rules, therefore, students are strongly encouraged to review the sections on dropping and withdrawing from classes and regarding their federal Satisfactory Academic Progress (SAP) status.
Students are charged per credit hour in the summer. Unlike the traditional fall and spring semesters, students attending more than 12 credits will be charged for each additional credit hour above 12 credit hours. Use the calculator below to estimate your tuition and fees.
Example: For Summer 2015, students should have on file:
a. 2014-2015 FAFSA and TAP Applications
b. 2015-2016 FAFSA, and TAP Applications
The following chart represents estimated disbursement dates provided the student completed all his/her summer aid related tasks in a timely fashion.
|Type of Aid||Estimated Disbursement Dates|
|Federal Pell Grant||Second week of July|
|Direct Student Loans (subsidized/unsubsidized)||
All Direct Student Loans must be accepted on Banner and the MPN and Entrance Counseling must be on file with the U.S. Department of Education.
|Direct Parent PLUS Loans||Same as Direct Student Loans above; Parent must have also completed Parent PLUS MPN.|
|Direct Graduate PLUS Loans||Same as Direct Student Loans above; Student must have completed Graduate PLUS MPN and Graduate Entrance Counseling if this is their first Graduate PLUS Loan.|
|Federal TEACH Grant||Second week of July.|
|New York State TAP Grant||
|Private Alternative Loans||Disbursement date will vary by lender and depending on when the student applied. Students should not expect their private loan to disburse until at least 3 weeks after they began the process.|
Special federal rules exist in the summer because summer consists of "mini-sessions" that do not span the entire summer session. For federal aid purposes, these "mini-sessions" are called modules. The rules that govern programs offered in modules are different than typical fall and spring terms. Therefore, students that wish to change their registration after their aid application has been submitted are strongly encouraged to speak to the Financial Aid Office to determine the impact to their aid eligibility.
The Financial Aid Office is required to re-evaluate a student's eligibility for summer aid in the following scenarios:
Students that are on Financial Aid Warning effective for the summer term should be aware of the risks of enrolling in summer. At the end of the summer term, students must be in compliance with all federal SAP metrics. Students that are not in compliance will lose eligibility in the next semester that they attend Buffalo State and will remain ineligible until they are meeting the minimum standards. Students on Financial Aid Warning are strongly encouraged to contact the Financial Aid Office to determine if attending summer is in their best interest.
Students that are on Financial Aid Warning prior to the summer semester will have their summer aid application on hold pending the outcome of spring grades.