Important Financial Aid update regarding Summer 2023 term
The University of Akron’s Office of Student Financial Aid is making a necessary change to the federal financial aid disbursement schedule for our students.
In 2023, the beginning of the official financial aid year will move to the fall semester, instead of summer as it had been. This transition may affect the availability of some financial aid sources, including loans, accessible to you for the summer 2023 term.
The chart below provides more details about how this transition will affect student financial aid for the summer 2023 term.
If you have any questions, please contact please contact the Office of Student Financial Aid at 330-972-7032 or CHAT ONLINE.
| Student Type | Summer 2023 Financial Aid Options |
|---|---|
|
School of Law: continuing students |
If you’ve borrowed the maximum of $20,500 unsubsidized in summer 2022, fall 2022, and/or spring 2023, you will not have any unsubsidized loans for Summer 2023. You could borrow a Grad PLUS Loan or Private Loan (these loans are based on credit) for Summer 2023. Law students transferring to UA will have their aid used at another school in 2022-23 evaluated to determine summer 2023 eligibility. |
|
School of Law: new summer ’23 cohort |
You should fill out the 2022-23 FAFSA to receive unsubsidized loans if have not borrowed up to $20,500 in unsubsidized loans in 2022-23 aid year. You may also borrow a Grad PLUS Loan or Private Loans, which are based on credit. |
|
Graduate School: continuing students |
If you’ve borrowed the maximum of $20,500 unsubsidized in summer 2022, fall 2022, and/or spring 2023, you will not have any unsubsidized loans for Summer 2023. You could borrow a Grad PLUS Loan or Private Loan (these loans are based on credit) for Summer 2023. Graduate students transferring to UA will have their aid used at another school in 2022-23 aid year evaluated to determine summer 2023 eligibility. |
|
Graduate School: students starting summer ‘23 |
You should fill out the 2022-23 FAFSA to receive unsubsidized loans if you haven’t borrowed up to $20,500 in unsubsidized loans in 2022-23. You may also borrow a Grad PLUS Loan or Private Loans, which are based on credit. |
|
Undergraduate continuing students requiring summer aid |
You may have used up loan eligibility between summer 2022, fall 2022, and/or spring 2023. If you’re advanced in class rank at the end of spring ’23, you may have some loan eligibility for summer. Also, if you have excess loan funds refunded in the spring, you can save and put towards summer 2023. If used Pell for summer 2022, fall 2022, and spring 2023, you will not have any Pell for summer 2023. You will have Pell for summer 2023 if you only used Pell in fall 2022 and spring 2023. Additional summer aid may be available to you on a case-by-case basis. |
|
Newly admitted undergraduate students starting summer 2023 |
Complete the 2022-23 FAFSA to receive grants and loan eligibility out of the 2022-2023 aid year. Also, first-year students will have access to their scholarships if enrolled full-time. |
|
Newly admitted undergraduate transfer students starting summer 2023 |
Complete the 2022-23 FAFSA to receive grants and loan eligibility out of the 2022-2023 aid year. Undergraduate students transferring to UA will have their aid used at another school in 2022-23 aid year evaluated to determine summer 2023 eligibility. You will also have access to transfer scholarships if enrolled full-time. |