The Financial Aid Award Letter is posted to the secure MSUM website and accessed with the student’s Dragon ID and PIN. An e-mail is sent to the student’s “mnstate.edu” e-mail address when the award letter is ready.
The Financial Aid Award Letter lists expected types of aid. Any adjustments or inaccuracies in this information should be reported to the Office of Scholarship and Financial Aid. To borrow the Federal Direct Loan, accept the loan(s) online at eservices. No Federal Direct Loan will be processed without acceptance. Loans not accepted by the student and certified by MSUM prior to the student’s last day of enrollment (6 credit minimum) are forfeited.
One Direct Loan Master Promissory Note is completed and is valid for up to 10 years. The electronic version (eMPN) is completed online at www.studentloans.gov using the FAFSA PIN. A paper MPN will be provided to those unable to use the electronic process.
An initially declined Federal Direct Loan may be reinstated by contacting the Office of Scholarship and Financial Aid. Loans cannot be processed after the end of an academic year (semester or summer) for prior attendance.
Private Educational Loans are NOT processed by MSUM from the Financial Aid Award Letter. Students must complete the Lender’s application or do the application on-line from the Lender’s website.
Federal and state regulations prohibit receiving financial assistance that exceeds the cost of attending MSUM. If you receive additional assistance after your award is processed, a portion of your award may be reduced or cancelled. Examples of additional assistance that can affect your aid package are: tuition/housing waivers, some military benefits, Resident Assistant benefits, National Guard benefits, scholarships, DVR, and JTPA. If an overaward occurs, your award will be revised and you will be notified of any changes. In some overaward cases, you may need to repay the money you received. For this reason, it is important that you keep a copy of the original award notice and notify MSUM immediately if other funding is made available.
Books and required supplies may be charged to your financial aid. To be eligible to charge: 1) you must have sufficient financial aid awarded to cover your bill AND to cover the amount you will be charging. If your financial aid accepted is not enough to cover your bill, then you are not eligible to charge your books; 2) must have the Authorization to Charge form on file in the Office of Scholarship and Financial Aid.
To charge, a student needs a current Dragon Student ID card. Your current class schedule should have your Dragon ID number listed. The charges are billed to the account and appear on your MSUM statement during payment. Failure to pay Bookstore charges in full from a previous term affects your ability to charge in a subsequent semester.
2014-2015 Award Guide
Refund of Tuition/Fees Dues to
MSUM will refund tuition and fees for individually dropped
courses only if the drop occurs within the first five (5) business days of
If a student totally withdraws from the
University, MSUM will refund a percentage of tuition and fees to the student
and/or the student's financial aid funding sources according to the following
schedule as established by the MnSCU Board of Trustees and the University:
Students who withdraw from all courses or discontinue
enrollment during the Fall or Spring semesters should review information
available at the Academic
Support Center. Those students who wish to withdraw during the Summer
Sessions should report to the Records Office, Owens Hall 104.
Return to Title
IV (R2T4) and Minnesota State Financial AidProcedures for refunding institutional charges for student s receiving Title IV
and Minnesota State financial are established by the MnSCU Board, MN Office of
Higher Education, Federal statutory refund policy and the University.
Institutional charge refunds for students who received
Federal or State aid are determined under Federal and Minnesota financial aid
refund calculations and will first be repaid, up to the initial award amount
received, to those aid funding sources in the order directed by the Department
of Education and Office of Higher Education.
Any eligible refund dollars will be disbursed to the student (except
refunds less than $1).
Students who have received ‘unearned’ Federal Title IV
aid funding for the term will repay Title IV funds in this order: Unsubsidized Direct Loan, Subsidized Direct Loan, Perkins
Loan, Direct Graduate PLUS, Direct Parent PLUS, Pell Grant, SEOG Grant, TEACH
Grant, and Iraq/Afghanistan Service Grant.
regulations require repayment of 'unearned' aid for students withdrawing
or who discontinue attending class any time prior to the 60th percentile
of the term.
Exceptions: Private loan dollars are excluded from immediate student
repayment on the assumption the student will follow loan repayment according to
the terms of the promissory note(s).
Further, student repayment of grant funds will be reduced by 50%, after
the ‘unearned’ calculation is determined and after the University’s repayment
amount is subtracted.
Students who received Minnesota State aid funding for the
term (Minnesota State Grant, Postsecondary Child Care Grant, GI Bill Program, and
Minnesota Indian Scholarship Program):
If the calculation made per the Office of Higher
Education Refund Calculation Worksheet results in a refund of institutional
charges and, after the institution’s share of any required refund to Title IV
programs has been made, a proportional share of any remaining refund must be
returned to state financial aid programs (not to exceed the amount of the
payment the student initially received from a Minnesota State aid program).
Regulations stipulate the student’s repayment choices:
to the University the ‘unearned’ aid amount in full within 45 days of the
school’s notification of a repayment requirement.
Title IV financial aid program repayment arrangements with the Department of
Education via the National Student Loan Data System (NSLDS, 800-621-3115).
Students who wish to appeal refund policies and/or percentages used for
determining the refund amounts may file a "Tuition Refund Appeal." No
refunds will be granted for less than $1.00.Resident Hall Refunds are based on the number of days
remaining in the term. A $50.00 administrative charge will be deducted from the
Housing refund. Contact the Housing and Residential Life office at 218-477-2118
If you are withdrawing for military reasons, please see the University Military Withdrawal Policy. Contact the
Records Office at 218-477-2565 or firstname.lastname@example.org.