How to Pay for a Summer Session

You’ve already got the finances figured out for your fall and spring semesters. Now that you’ve realized the benefits of attending a summer session, you may be wondering what your options are when it comes to paying for those extra classes.

Here are some ways that college students can pay for a summer session:

1. Financial aid. If you already have a FAFSA on file for the previous fall/spring academic year, you may not need to file a new one for summer. It depends on your individual school and which FAFSA application they use for summer sessions, so ask your school’s financial aid office to be certain. Your eligibility will be based on how many credit hours you’re taking and whether you’ve already reached your annual cap. You will need to be registered at least half-time (which is usually six credits) in order to qualify for federal loans. In addition, if you used up everything you were offered for the spring and fall semesters, there may not be any remaining federal student loan funds to cover summer session. The National Student Loan Data System is a great way to check how much federal aid you’ve used up in any given year and if you have anything remaining.

2. Take on a summer job or internship. If you’re planning on a summer session, it’s unlikely that a full-time summer job will be possible. However, since summer sessions tend to be lighter than other semesters, a part-time summer job might fit in comfortably with your schedule. As long as you’re sure that you’re not taking on too much and that it won’t interfere with your studies, a part-time summer job can be a great way to offset those summer session costs, while also getting hands-on experience. You might even be able to get an on-campus job. Here are some tips to help you find a summer job.

Another option is to apply for a paid internship. You will not only earn credits towards your degree but also make some money too. This can help to cancel out your college expenses for the summer or may even put you ahead. Here are some resources to help you find an internship.

3. Scholarships. Some scholarships are offered year-round and don’t impose limits on which semesters they can apply to. Whether you’ve been awarded scholarship money in the past or you’re applying for the first time, it is definitely worth a shot if you are thinking about a summer session. There are a lot of terrific online tools out there that can help you search thousands of scholarships at one time. Here are some resources to help you find a scholarship.

4. Summer grant programs. There are various funding programs out there that are designed specifically for students looking to take classes during the summer. A quick Internet search is a great way to see your options. Some are offered through individual universities, whereas others are offered on a state level (Pennsylvania, for instance, has a summer grant program).

5. Consider classes at a different school. Consider taking summer classes at a different school, such as a local community college. As long as you’re able to transfer the credits to your full-time school and use them towards your degree, this could help you save money on tuition and graduate faster. You could even expand your search to include online classes as well. Just make sure you know exactly how the credits will transfer and any steps you need to take to make that happen. You don’t want to waste time and money on classes that won’t help toward your goal of graduation.

6. Private Loans. If you’ve already reached your annual federal student loan limit and need to pay for your summer session, College Ave Student Loans may be able to help. We offer private student loans that you can tailor to meet your needs. Learn more about the student loans we offer and get started on your application today.

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