The summer sessions at W&M are considered to be part of the previous academic year. Thus, summer aid eligibility is based on the FAFSA for the current year. For example if you are planning to go to school in the summer of 2018 and are seeking aid then you will have to have a 2017-18 FAFSA on file with our office.
In addition to the FAFSA, we require that you complete the Summer Financial Aid Application (available typically in March), which signals to us that you are interested in aid. The earlier we get your form, the more quickly you will know what aid you have available to you for the summer.
In order to be eligible for financial aid, you must be enrolled at least half time during the summer. For undergraduates, you must be enrolled in 6 credits for the summer which can be spread out over the two sessions. For graduate students, you must be enrolled in 3 credits for the summer.
Direct Subsidized/Direct Unsubsidized Loans for the summer are available only for students who have not already used their full eligibility during the prior school year. For example, a junior who received a $7500 in direct loans during the regular award year would have no summer direct sub/unsub loan eligibility. If the student had borrowed only $4500, however, $3,000 would still be available for the summer. Students who have used their full Direct sub/unsub loan amounts may be eligible to borrow private educational loans. A PLUS Loan, which is in the parent's name, may be available for dependent undergraduates. You may also apply for a private loan.
Similar provisions apply to the Pell Grant Program. Eligibility will be based on your 2017/2018 FAFSA. We have been notified that Year-round Pell grants will be available for the 2017/2018 school year. William and Mary grant funding is also limited, and not guaranteed to be available for summer education expenses.