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  • Summer Financial Aid

Office of Scholarship & Financial Aid

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  • Financial Aid Application for Summer 2014

    2014 Summer Work Study Authorization form
    General Information
    Summer Semester 2014 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 semester. If enrolled full-time in prior semesters, remaining eligibility is zero for summer. Initial Pell payments are based on registered credits as of June 12. Adding or withdrawing from courses after June 12 does not increase or decrease the Pell Grant payment
    (some exceptions apply).
    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 $2,200.
    Federal Direct Loan (and SELF Loan): Eligibility is determined by grade level and is limited to one annual maximum per year (Fall 2013, Spring 2014 AND Summer 2014).
    Summer financial aid payments begin June 13; overages available June 16 or after. Budget accordingly!

     

     Eligibility Requirements  

    •  Enrolled in a degree seeking program.
    •  Registered for 6 or more credits to be awarded Work Study or Federal Direct Loans (graduate students must be enrolled in 6 or more graduate credits).
    • Maintain satisfactory academic progress to be eligible for most summer aid. Students not maintaining satisfactory academic progress at the end of spring semester 2014 are subject to financial aid suspension for summer term. Notification of suspension may occur after the start of the first summer classes. Students on financial aid warning or probation spring semester will have financial aid eligibility for summer determined after spring grades are received. Award letters will be available once eligibility is established.
    • Students graduating Spring 2014 are ineligible for summer federal financial aid unless admitted for summer as a graduate student (enrolled in at least 6 graduate credits) or a second degree/license student with a program of study approved by the Office of Scholarship and Financial Aid.

    Application Procedures  

     

     A valid FAFSA for 2013-2014 received by the MSUM Office of Scholarship and Financial Aid (filing deadline is June 30, 2014).

    • A duplicate Student Aid Report may be requested until mid-August, but must be received by MSUM prior to the last day of the student's enrollment. Eligibility for financial aid may be forfeited due to late application.
    • Complete and submit the "Financial Aid Application for Summer 2014" form by April 15 for on-time processing.
    • Students eligible for MN Grant must submit the prior year (2013-2014) FAFSA by June 19, 2014 for summer grant funding consideration.

    Reminders

    • Award Letters will not be mailed. Watch for notification to your mnstate e-mail address directing you to MSUM eservices to view and accept any Direct Loans awarded to you. Loans will not be processed unless, prior to July 31, you accept your Direct Loan from the "loans" tab on eservices or apply for a private loan from a lender.
    • Make sure your local address is current and mnstate e-mail address is active at the Records Office.
    • First time borrowers at MSUM (including transfer students): Complete Entrance Loan Counseling and an Electronic Master Promissory Note online at www.studentloans.gov before loan disbursement. Print the confirmation sheet and keep for your records.
    • All summer registration MUST be completed on or before June 12.
    • Dropping class registration and receiving a tuition refund may require repayment of financial aid funds. (Example: You register for 3 credits for an early course and 3 credits for a later course. If you drop your later course, you will only have 3 credits and may need to immediately repay the financial aid already received.
    • All students are encouraged to sign up for electronic deposit of financial aid overage funds. Directions are available on eservices. Contact Business Services for details on payment procedures.
    • You must be enrolled for at least 6 credits during summer to receive most loan disbursements.
    • Graduate students must have 6 or more graduate credits to be eligible for financial aid, including most student loans.