The summer sessions at William & Mary are considered to be part of the previous academic year (i.e. the academic year is Fall, Spring, Summer). 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 2022 and are seeking aid then you will have to have a 2021 - 2022 FAFSA on file with our office.
In addition to the FAFSA, we require that you complete the Summer Financial Aid Application, 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. This form is typically available on our Forms page around the first of March.
In order to be eligible for financial aid, you must be enrolled at least halftime during the summer. For undergraduates, students must be enrolled in 6 credits for the summer which can be spread out over the two sessions. For graduate students, they 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 $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, $3000 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. Students may also apply for a private loan.
Similar provisions apply to the Pell Grant Program. Eligibility will be based on your 2021 - 2022 FAFSA. We anticipate that Year-round Pell grants will be available for the 2021 - 2022 school year. William & Mary grant funding is also limited for the school year and is not guaranteed to be available for summer education expenses.