Summer courses are offered as an opt-in semester at Saint Martin's University; this means you will receive an email from the Student Financial Services Center in April each year asking you to complete a summer enrollment form.
Summer is the leading semester of the financial aid award year at Saint Martin's University. Your loans will be divided over summer, fall and spring semesters evenly. MAC program requires three summer sessions, each with two classes.
Graduate students are eligible for Unsubsidized loans in the amount of $20,500 each year as long as they are not in default on any student loans and have not met their lifetime maximum borrowing amount of $138,500 through The Department of Education. If a student begins their program in the fall semester, their loans will be split evenly between the fall and spring ($10,250 per semester). If a student attends summer classes, the $20,500 will be split into three equal disbursements for summer, fall and spring ($6,833 per semester).
Unsubsidized loan amounts are usually not enough to cover the cost of taking six to nine credits per semester for three semesters. You must budget personal funds or consider applying for a Graduate PLUS loan to cover your balance due each semester. The Student Financial Services Center is available to help students estimate their tuition costs once a student knows how many credits they will be taking each semester.