Are students eligible for summer loans once they file their walking or graduation application?
The act of “walking” at a graduation ceremony does not influence your financial aid. However, the act of receiving your first undergraduate degree does influence your financial aid eligibility. Once you receive your first undergraduate degree you are not eligible to receive any federal or state grants. On the other hand, if you participate in a graduation ceremony but you have not really graduated, you will continue to be considered an undergraduate student and as such you are still able to receive any grants from the state or federal government that you may be eligible for.
