Summer Loan Application 2011_3

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					                           Summer 2011
               CLARION UNIVERSITY OF PENNSYLVANIA
                                Direct Stafford Loan Summer Request
                                                  (TO BE COMPLETED BY STUDENT)

   CONTACT FINANCIAL AID IF YOU ARE WAITING FOR A PARENT PLUS OR GRAD PLUS LOAN FOR SUMMER

IMPORTANT:
  Borrowing for summer session WILL reduce your loan eligibility for FALL & SPRING semesters by one-third.
          Information from your 2011-12 FAFSA will be used when processing your summer loan.
                     (If you are suspended, you are not eligible for a loan for summer)
          You may wish to consider an Alternative Loan for summer rather than reducing your eligibility for fall and spring. 
                                 See: http://www.finaid.org/loans/loancomparisonsites.phtml


Name: _______________________________________________                      Clarion ID# ________________________________

Local
Address:_____________________________________________________________________________________________
               (Street)                   (City)                   (State)                  (Zip)
Local
Phone: ____________________________________


Undergraduate _________                Graduate _________        M.Ed. Cohort ___________ Major: ___________________

                  Will you graduate in the summer of 2011?......... Yes……. No
                  Will you graduate in December of 2011?............ Yes……. No

                                 You Must Be Enrolled for At Least 6 Credits &
 Have a 2011-12 FAFSA, as well as a Direct Stafford Loan Master Promissory Note& Entrance Counseling on File
           (The Master Promissory Note and Entrance Counseling can be completed online at http://studentloans.gov)


           MAXIMUM SUMMER LOAN LIMITS—if you want to borrow less, contact the Office of Financial Aid

        Total Credits Earned               Dependent Students                   Additional for                        Total Possible
        by End of Spring 2011                                          Independent Students (or with Plus
                                                                                    Denial)
         Less than 30 credits                     $1,833                            $1,333                               $3,166
           30 – 59 credits                        $2,166                            $1,333                               $3,499
           60 – 120 credits                       $2,500                            $1,666                               $4,166
          Graduate Students                                                                                              $6,833



        SUMMER LOANS CANNOT BE CREDITED TO YOUR ACCOUNT UNTIL SPRING GRADES ARE POSTED




Signature: _________________________________________                        Date: ___________________________________

Return this form no later than June 1, 2011 to:                                    Office of Financial Aid
                                                                                   104 Egbert Hall
                                                                                   Clarion University of PA
                                                                                   Clarion, PA 16214
                                                                                   Phone: 814-393-2315
                                                                                   Fax: 814-393-2520

				
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