Summer Awarding Policy Summer
is considered a third term in the academic year and uses the same FAFSA and
financial information that was used during the preceding year. A separate summer application is required
(available in March on the MSUM financial aid website). All summer class registrations must be
completed by the end of the drop/add period for each class. Undergraduate full-time enrollment for summer
is 12 credits; graduate full-time enrollment is 8 graduate credits. Financial aid is disbursed starting in June
based on all registered credits.
Semester 2017 funding is available in the following programs: Federal Pell
Grant, Minnesota State Grant, Work Study, Federal Direct Loans, and private
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 6. Adding or withdrawing from courses after
June 6 does not increase or decrease the Pell Grant payment (some exceptions
Grant: A third 2016-2017 payment is available for summer to
students who are eligible. Award amounts at each credit level are displayed on
the student's award notice.
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 $2,500.
Direct Loan (and SELF Loan): Eligibility is determined
by grade level and is limited to one annual maximum per year (Fall 2016, Spring
2017 AND Summer 2017).
financial aid payments begin June 12; overages available
June 14 or after. Note: Federal and MN aid will not disburse
until June 12 or the start date of your latest class, whichever is later.
financial aid cost of attendance and awarding is based on the number of credits
and length of enrollment reported by the student on the Summer Financial Aid
application. Cost of attendance and
award amounts are adjusted prior to disbursement to actual credits enrolled.
- 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 2017 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 notices will be available
once eligibility is established.
Students graduating Spring 2017 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.
A valid FAFSA for 2016-2017 received by
the MSUM Office of Scholarship and Financial Aid (filing deadline is June 30,
2017). A duplicate Student Aid Report may be requested until mid-August, but
FAFSA data 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.
and submit the "2017 Summer Semester Financial Aid Application" form
by April 17 for on-time processing.
Students eligible for MN Grant must submit
the prior year (2016-2017) FAFSA by June 14, 2017 for summer grant funding consideration.
- Award notices 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 28, you accept your Direct Loan from the
"loans" tab on eservices or apply for a private loan from a lender.
sure your local address is current and mnstate e-mail address is active and correct.
- First time borrowers at MSUM: Complete
Entrance Loan Counseling and an Electronic Master Promissory Note online at www.studentloans.gov
loan disbursement. Print the confirmation sheet and keep for your records.
- All summer registration MUST be
completed before June 12.
- Dropping class registration and receiving
a tuition refund or withdrawing from a course 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.)
- Sign up for electronic deposit of
financial aid overage funds. Directions are available on eservices. Contact
Business Services for details on payment procedures.