Summer aid may be available in the form of: Federal Direct Subsidized/Unsubsidized Loans, Federal Pell Grant and both part-time and full-time employment. Students applying for summer aid must complete a Summer Aid Application. Vermont Tech students whose program requires a summer term and are already awarded do not need to complete an application. Summer loans, in most cases, reduce the amount of loans for the following fall and spring semesters.
The Federal Direct Unsubsidized Loan is the only federal aid that a graduate student may be eligible for. Graduate students must complete a Summer Aid Application. Graduate students should keep in mind that their total loan eligibility for an academic year; summer, fall and spring semesters, is a total of $20,500, if eligible.
Adjustments to Summer Aid
Summer aid will start posting to most student accounts in July. Vermont Tech students may have their aid disbursed earlier and can contact firstname.lastname@example.org with questions. At the time of disbursement, students must be eligible for the aid, which requires them to be enrolled in the classes the award is based on in order for that aid to post. If a student is scheduled to receive a second disbursement of aid, that disbursement will only post if the student remains eligible. Any adjustments to aid if a student drops a course will be made based on the school refund policy associated with the specific course.
If your summer aid does not cover your full summer bill, you are responsible for paying the remaining balance out of pocket.
The Summer 2023 Aid Application is available on the Financial Aid Forms section of the VTSU website.
Please Read Carefully
In order to be eligible for summer aid, you must meet the following criteria:
- For Federal Loans in the summer you must be a matriculated Vermont State student who is planning to be enrolled half-time for the summer.
- Students eligible for Federal Pell Grants during Fall/Spring may be eligible for summer Pell Grants even if enrolled less than half time.
- Students applying for work-study must be enrolled or intend to be enrolled at least half-time for the Fall 2023 semester, this includes incoming Vermont State matriculated first-year students.
- Be in good academic standing and making satisfactory academic progress.
- Have a valid financial aid application (FAFSA) on file with the Financial Aid Office for the 2023-2024 academic year.
- Have submitted all forms requested by the Financial Aid Office. If your FAFSA is selected for verification, Verification must be complete.
It is your responsibility to notify the Financial Aid Office if any of the information you have given us on the Summer 2023 Aid Application changes, including:
- Change in the number of credits you are enrolled in during the summer session.
- Change in the sessions you will be enrolled in during the summer session.
- Change in the school/location where you will be taking classes during the summer.
- Any other summer aid including scholarships and tuition reimbursement for the summer session.
Summer Federal Work Study
Students awarded federal work study during the summer may be expected to save a portion of their earnings to help meet educational expenses for the 2023-2024 academic year. This expected savings is called Summer Savings. It is calculated as the difference between your summer earnings and your summer costs. The calculated expected savings may reduce eligibility for a loan and/or federal work study during the 2023-2024 year. Federal work-study eligible students may work up to 37.5 hours per week. The hourly rate of pay will be based on the job classification and experience. Estimated summer savings will be recalculated based on actual summer earnings once the fall semester begins.