Summer Financial Aid

kelsmom
Tue, 02 Oct 2012 14:49:34 +0000

It depends on the school’s definition of their financial aid year. If the school has a summer header, summer '13 is included in the 13-14 award year. If the school has a summer trailer, summer '13 is included in the 12-13 award year. Some schools do employ a Borrower Based Aid Year (B-BAY), allowing them to award a bit differently than the typical award year … but schools won’t use BBAY unless that is their policy. I would say “most” schools are summer trailer, and “few” schools are BBAY.