To receive federal loans for Summer 2024:
- The student must have a 2024-2025 FAFSA on file with satisfied requirements in Lola.
- The student must register for at least 6 credit hours at RPCC for the entire summer.
Note to students regarding student loan eligibility:
The federal government sets Annual (yearly) maximum loan limits for both subsidized and unsubsidized student loans. We determine your original offer of financial aid based on a typical Fall/Spring enrollment, which splits your annual loan eligibility into 2 parts: half for the fall and half for the spring. By including the summer semester, you may now divide your loans into 3 parts: 1/3 summer, 1/3 fall, and 1/3 spring. *The government deducts 1.057% of the loan as a processing fee.
Students should carefully consider these regulations and determine what best suits their financial needs.