Summer Financial Aid Information
Dear Students,
The Student Financial Aid Office is preparing its system for the processing of Summer aid!! We will review eligibility based on enrollment of at least half time – three (3) LAW credit hours. This means that our processing will be triggered by your Summer registration.
Summer aid eligibility is dependent on what you received in the (prior) Fall and Spring semesters, whether at The University of Memphis or at another institution. You may have already borrowed the yearly maximum unsubsidized loan of $20,500. Check your myMemphis account for this information.
If you did not borrow the maximum $20,500 unsubsidized loan between Fall 2020 and Spring 2021, we will OFFER your remaining eligibility. This means you will need to log in to your myMemphis account to accept what’s been offered, at which time you can also decide if you need to supplement it with the federal Direct Graduate PLUS Loan.
If you have already taken out the maximum unsubsidized loan, you can apply for the federal Direct Graduate PLUS loan, which is based on credit. AFTER you register in at least three (3) LAW credit hours, go to https://studentaid.gov to apply. Make sure to select the 2020-2021 Award/Aid Year and list your loan period from May 2021 through July 2021. Your application will be sent to us electronically. Please allow our office 7 to 10 business days to process. Your myMemphis account will be updated accordingly, so check under Financial Aid Awards for the 2020-2021 year. Once your loan is fully processed, TigerXpress will reflect it being applied to your Summer balance.
Students who will be enrolled in fewer than three (3) LAW credit hours may inquire about the Installment Payment Plan (IPP) with our USBS Office. The IPP is typically available only in the Fall and Spring semesters. Last year was the first Summer that our USBS Office offered the IPP. To determine if the IPP will be made available again this Summer, please contact their office directly at (901) 678-2712. Otherwise, another option would be to apply for an alternative loan through the private lender of your choice. Examples include, but are not limited to, Regions Bank, Discover Student Loans, Sallie Mae, SoFi, Bank of America, etc.
Feel free to e-mail Ms. DebraAnn Brown at dbrown@memphis.edu if you have any questions. Make sure to include your U-ID# in your correspondence.
Sincerely,
Student Financial Aid Office
