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Financial Aid

Enrollment Status

Enrollment status is the number of credits students take per semester. Most Financial Aid programs whether they be federal, state, institutional, or private have policies about the minimum number of required credits students must take and/or maintain in order to be eligible for aid.

The Pace University Financial Aid Office defines an Academic Year to be 24 semester credit hours and 30 weeks of instructional time.

For Financial Aid and enrollment reporting purposes, enrollment status is defined as follows for Pace University students:

Enrollment Status
Student Undergraduate Graduate
Full-Time 12+ credits per semester 9+ credits per semester
3/4 Time 9-11 credits per semester N/A
Half-Time 6-8 credits per semester 6-8 credits per semester

Pace University offers classes in seven different academic terms throughout a calendar year (Fall, January, Spring, May, Summer 1, Summer 2 and August). The Financial Aid Offices combine these terms into three Enrollment Periods for which financial aid is awarded.

  • The Fall Enrollment Period includes only the Fall Term.
  • The Spring Enrollment Period includes the January and Spring Terms.
  • The Summer Enrollment Period includes the May, Summer 1, Summer 2 and August Terms.

For Federal financial aid purposes, a student's enrollment status is based on the entire Enrollment Period. Therefore, for example, an undergraduate student taking 3 credits in the January term and 9 credits in the Spring term, is considered to be a full-time student for federal aid for the Spring Enrollment Period. Or, as another example, a student taking 3 credits in Summer 1 and 3 credits in Summer 2 is considered to be a half-time student for federal aid for the Summer Enrollment Period

For Pace Institutional financial aid purposes, a student's eligibility for Fall or Spring scholarships, grants and awards funded by Pace University can only be based on his/her enrollment in the Fall or Spring Term. Therefore, for example, an undergraduate student taking 3 credits in the January term and 9 credits in the Spring term, would not be considered a full-time student for Pace Institutional aid for the Spring Enrollment Period and would not qualify for Pace University scholarships, grants or awards requiring full-time enrollment. That student would have to be taking 12 credits in the Spring term to qualify. Most Pace Institutional financial aid is not available for the summer.

For New York State financial aid purposes, a student's eligibility for Fall or Spring aid can only be based on his/her enrollment in the Fall or Spring Term. However, New York State does allow the May, Summer 1, Summer 2 and August terms, together, to be treated as one Summer Enrollment Period. Therefore, for example, an undergraduate student taking 3 credits in the January term and 9 credits in the Spring term, would not be considered a full-time student for NYS aid for the Spring Enrollment Period and would not qualify for TAP or other full-time awards. That student would have to be taking 12 credits in the Spring term to qualify. However, if the student were otherwise eligible for Accelerated TAP in the Summer, his/her enrollment in all 4 summer terms combined would be used to determine his/her enrollment status.

For Alternative Loan processing purposes, a student's enrollment status is based on the entire Enrollment Period.