SUMMER LOAN ELIGIBILITY GUIDELINES
1. A student who is eligible for a Federal Stafford Direct Loan for the summer semester MAY charge tuition (or books if award is adequate) to his/her Federal Stafford Direct Loan.
2. Eligible students must complete a Summer Loan Class Plan form which certifies enrollment plans for both terms. It is necessary to turn this form in to the Financial Aid Office by the deadline of June 1, 2019.
3. A student must enroll in a total of at least 6 hours to be eligible for a summer student loan. PLEASE NOTE: COE, EDU AND LLS CLASSES WILL NOT BE COUNTED TOWARD TOTAL HOURS FOR FINANCIAL AID PURPOSES UNLESS THEY ARE IN THE STUDENT’S CURRICULUM.
4. Loan checks will disburse during the term you are enrolled in unless you are enrolled in less than 6 hours; otherwise the loan will disburse during the term that completes the 6 hour minimum.
5. If you have not completed Entrance Loan Counseling and a MPN, you must do so before your loan will be certified. Please logon to www.StudentLoans.gov to complete the EC and MPN for a Direct Stafford Loan.
6. Loans will not be processed for students who are attending during the summer only. Students who receive Federal Aid at Northeast Mississippi Community College must be seeking a degree from this institution.
7. Withdrawal (official or unofficial) from classes could result in repayment of a portion of your Title IV awards according to the Return of Title IV Fund policy.
*** RETAIN THESE GUIDELINES FOR YOUR RECORDS***