The summer 2015 financial aid application will be available in March 23, 2015.
Summer Semester 2015 funding is available in the following programs: Federal Pell Grant, Minnesota State Grant, Work Study, Federal Direct Loans, and private educational loans.
Federal Pell Grant: Eligibility for summer Pell Grant is limited to the unused remainder from the previous fall and spring semesters. If enrolled full-time in prior semesters, remaining eligibility is zero for summer. Initial Pell payments are based on registered credits as of June 10 at 11:59 p.m.. Adding or withdrawing from courses after June 10 does not increase or decrease the Pell Grant payment (some exceptions apply).
Minnesota Grant: A third 2014-2015 payment is available for summer to students who are eligible. Award amounts at each credit level are displayed on the student's award letter.
Work Study: Awards for summer are limited and awarded on a "first-applied" basis. Students enrolled fall and spring semesters who were ineligible for Work Study are usually eligible for Work Study during summer, if registered for at least 6 credits during summer semester. Maximum Work Study award for summer is $2,400.
Federal Direct Loan (and SELF Loan): Eligibility is determined by grade level and is limited to one annual maximum per year (Fall 2014, Spring 2015 AND Summer 2015).
Summer financial aid payments begin June 12; overages available June 15 or after. Budget accordingly!
A valid FAFSA for 2014-2015 must be received by the MSUM Office of Scholarship and Financial Aid (filing deadline is June 30, 2015).