About Lipscomb
How to Receive a Federal Stafford Loan for Summer 2012:
- MUST enroll, complete and not drop below 6 credit hours for the summer term (May-August)
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Log into your myLipscomb
- Select the Financial Aid Tab
- Select Financial Aid Awards
- Select 2011-2012 Aid Year
- Select "Resources/Additional Information" Tab
- Answer "YES" to the Summer Loan Question if you are interested in Summer Stafford Loans
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Your Financial Aid Award for 2011-2012 will be updated to include "offered" Stafford loans based on eligibility
- *Freshmen (0-29 earned hours) $2,750.00
- *Sophomore (30-59 earned hours) $3,250.00
- *Junior (60-94 earned hours) $3,750.00
- *Senior (95- earned hours) $3,750.00
- *Graduate (Degree seeking) $10,250.00
- Once you receive an email (to your Lipscomb email address) that your award has been updated, log back into myLipscomb to accept the additional loan amounts.
- You MUST accept the additional offered loans (answering the question only does not indicate accepting the loan)
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Returning Borrower at Lipscomb University (received a Stafford loan in the fall 2011 or spring 2012 semesters)
- Do not need to complete a Master Promissory Note or Entrance Counseling
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First Time Borrower at Lipscomb University
- Complete Stafford Loan Master Promissory Note through www.studentloans.gov
- Complete Stafford Loan Entrance Counseling through www.studentloans.gov
- Must complete both items to receive funds from the Department of Education
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Parent or Graduate PLUS Loans are available in the summer term with at least 6 credit hours.
- MUST maximize Stafford loan offer first by completing the instructions listed above
- MUST complete a new PLUS loan application for 2011-2012 through www.studentloans.gov to determine eligibility.
*Loan amounts are subject to aggregate limits and remaining eligibility.
For more information on Summer tuition and scholarships, please review the Lipscomb Summer Program.