Minnesota State University Moorhead

financing your education

Financial aid may be available from one of the following programs:

grants
scholarships
work study
loans

grants

The Federal Pell Grant, Academic Competitiveness (ACG), SMART Grant, the Minnesota State Grant Program, and the Federal Supplemental Educational Opportunity Grant (SEOG) are the major gift aid programs available to students at MSUM. Grants do not have to be repaid and are provided to students whose FAFSA results show need. Grants are limited to students seeking their first undergraduate degree. Pell, ACG and SMART Grant payments to eligible students are based on the number of credits at the 30^th calendar day of the semester. SEOG is available to Pell eligible students who apply before February 15. Minnesota residents must submit the FAFSA prior to the 30^th calendar day of the first enrollment term to be considered for Minnesota Grant.

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scholarships
www.mnstate.edu/finaid/Scholarships.cfm

The MSUM Alumni Foundation offers scholarships recognizing outstanding abilities in academics, special talent, achievement, leadership, and athletics. Upper-class scholarships are available to students upon completion of 12 or more MSUM credits with a 3.25 cumulative GPA. Application forms are available from the Scholarship Office website. Awards for special talent in art, music, theatre, and athletics have separate applications and awarding criteria. These departments should be contacted directly.

Access to an on-line scholarship service is available from the MSUM home page on the web at www.fastweb.com. The search takes 30-45 minutes and provides a list of organizations and agencies that offer scholarships based on the student’s personal profile.

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Athletic Scholarships
Athletic scholarships are available to MSUM student athletes. Recipients and amount are determined by head coaches and approved by the Athletic Director. A standard financial assistance agreement form is signed when scholarships are committed.

Athletic scholarships are awarded to freshman and upper-class students who demonstrate exceptional athletic talent. For more information on athletic scholarships, call the Athletic Department at 218.477.2622.

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work study

This program allows students with financial need to work part time on campus. The minimum wage is $7 per hour and a student can work up to 15 hours per week. Wide varieties of jobs are available. Information on job openings and department contact people is available at the Job Shop or Dragonjobs.

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loans

Student loans are available from Federal, State and banking resources. Loans must be repaid in compliance with the terms of the promissory note.

To be eligible for Direct Loans you must:

• Be accepted for enrollment in a degree program or certificate program.

• Be registered at least half-time at the time the loan proceeds are disbursed.

• Not be in default on any other type of student loan. • Not owe a repayment on a student grant.

• Not be on financial aid/academic suspension.

• File a Free Application for Federal Student Aid (FAFSA) for the appropriate academic year.

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Rights & Responsibilities of Students receiving financial aid

As an applicant for, or recipient of, student aid, certain rights should be exercised and certain responsibilities must be met. Knowing what they are helps students make decisions about educational goals and how to achieve them. Details of rights and responsibilities are available in the award guide link www.mnstate.edu/finaid/AwardGuide0708.pdf

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Receiving at more than one school

Students receive financial aid funds only from the school designated as the home campus (usually where the students is receiving a degree). Accepting financial aid funds from more than one school for the same semester is prohibited.

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