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 webpage). 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.
Summer Semester 2017 funding is available in the following programs: Federal Pell Grant, Minnesota State Grant, Work Study, Federal Direct Loans, and private educational loans.
Summer 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.
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 apply).
A third 2016-2017 payment is available for summer to students who are eligible. Award amounts at each credit level are displayed on your award notice.
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.
Eligibility is determined by grade level and is limited to one annual maximum per year (Fall 2016, Spring 2017 AND Summer 2017).