Financial Aid

Summer 2021 Financial Aid Information

Complete the WIU Summer 2021 Financial Aid Application to have your aid eligibility determined for the Summer 2021 semester. This is no longer required, but will give you an estimate of the aid you will receive prior to enrolling in summer courses. The Summer Aid Application is expected to open on 04/01/21. Applications should be submitted by 7/19/21 for federal loan consideration and 7/23/21 for all other aid. 

The Application Process

  • Students are no longer required to file a summer aid application to apply for summer aid. Summer 2021 aid eligibility will be determined using registered hours and remaining 2020-21 aid eligibility*. If you would like an estimate of aid eligibility prior to enrolling in summer courses you may still fill out the 2021 Financial Aid Application.
  • File both 2020-2021 and 2021-2022 FAFSAs at StudentAid.gov if you have not already done so.
  • Watch for requests for verification documents if you are selected for verification for either year.
  • A minimum of three weeks should be expected for processing the application by the Financial Aid Office.
  • Notifications about your application and eligibility will be sent to your WIU email account.

*Students graduating Summer 2021 or Fall 2021 who have completed a 2021-22 FAFSA may be able to “borrow” financial aid eligibility from the 2020-21 academic year. This will be noted on your award notification, if applicable.

Loans

  • If not already filed, a 2020-2021 FAFSA must be FILED BY JUNE 30, 2021 to be eligible for a federal loan.
  • Attendance in a minimum of six hours of degree course work is required for federal loan eligibility.
  • Summer loans are normally an extension of your academic year eligibility. In most instances, the amount you borrowed during the 2020-21 academic year will affect your eligibility for summer borrowing.
  • Undergraduate Unsubsidized Loan interest begins accruing at 2.75% from the time the loan is disbursed until it is paid in full. No payments are required until after enrollment ceases or drops below six hours. Graduate Unsubsidized Loan interest is 4.30%.
  • Go to StudentAid.gov, login with your FAFSA ID, complete and submit the information, if:
    • You have not previously completed a Master Promissory Note.
    • You are a first time borrower and have not completed Student Entrance Counseling.

Grants

  • You may be eligible for a 2021 Summer Pell Grant if:
    • You were Pell-eligible during the 2020-21 school year and used less than 100% of your eligibility during the Fall/Spring semester OR are enrolled in a minimum of 6 credit hours Summer 2021, OR
    • You are graduating Summer or Fall 2021 AND are Pell-eligible after completing the 2021-22 FAFSA review process.
  • The Federal Pell Grant will not pay for graduate courses, some repeat courses, audit courses, deleted courses if the charges are also deleted, or courses you did not attend or for which you did not complete any work.
  • The Illinois MAP Grant is not funded for Summer terms.

Scholarships

Disbursement of Aid

  • The Financial Aid Office is required to recertify your aid eligibility (including loans) before your funds are released to your university billing account.  Changes to your schedule could affect your aid eligibility.
  • Your summer aid could be withdrawn if you fail to meet WIU Financial Aid Satisfactory Academic Progress requirements.  See the Satisfactory Academic Progress Requirements in the Handbook & Policies/Eligibility section.  You will be notified by WIU email after Spring grades are posted if you did not make satisfactory progress.
  • See the Repeated Coursework section of Handbook & Policies/Eligibility if you are repeating a course.
  • The earliest that aid can be credited to your university billing account is June 1, 2021.
  • The earliest that refunds can be disbursed to your personal account is June 4, 2021.
  • If you change enrollment after a refund is disbursed, you may owe money back to the university.