Summer Financial Aid
Financial Aid is available to assist in offsetting the cost of taking classes during the summer months.
Financial Aid is available to assist in offsetting the cost of taking classes during the summer months. Students could qualify to use funds from: Federal Loans, Academic scholarship, HOPE Scholarship, Summer PELL funds, and Federal Work Study.
Most aid requires students to be enrolled in at least six hours across the summer term. Summer term includes any combination (Full Term, Term 1, Term 2 Maymester, Junemester and Julymester, and travel courses).
- You can receive Federal Direct Subsidized/Unsubsidized Loans during the summer if the full amount was not used during the fall and spring of that current academic year.
- If you change student status at the end of the Spring term (Freshman to Sophomore or Sophomore to Junior status) you may be eligible for an additional $1,000 in federal loan funds.
- If you received the full amount of your Federal Student Loans during the Fall and Spring terms, you will need to contact our office to determine your loan eligibility.
- Parent PLUS or Grad PLUS loans may also be used for the summer term if needed. Apply at studentaid.gov. Our office will apply these funds once we receive confirmation from the site that the student is approved for the loan.
Both Lipscomb Academic Scholarships and the HOPE Scholarship are prorated based on the number of hours the student is enrolled in:
- 1-5 Hours: 0%
- 6-8 Hours: 50%
- 9-11 Hours: 75%
- 12+ Hours: 100%
Receiving scholarship money during the summer does not deduct from the amount received during the normal academic year. However, the hours taken during the summer will contribute to the attempted hours total, and Lipscomb scholarships are only guaranteed to 126 attempted hours.
Students who qualified for the federal Pell Grant program during the 24-25 Academic Year can be considered for summer Pell funding. The award is pro-rated as a percentage of full time (12 hours) enrollment. 6 hours = 50%, 8 hours = 66% etc.
In order to receive summer federal work study aid, students must qualify based on information provided on the FAFSA and must be enrolled in six or more credit hours for the summer semester. You can learn more about the Federal Work Study program here.