Summer Semester Financial Aid

  • 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 April 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 2018 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 14; overages available June 18 or after. Note: Federal and MN aid will not disburse until June 14 or the start date of your latest class, whichever is later.

    Federal Pell Grant

    Eligibility for summer Pell Grant is possible in two ways.  If enrolled at least half-time (6 credits) in summer, Pell Grant is available based on registered credits for the summer term as of June 6th.  If summer term enrollment is below half-time, Pell Grant will be available only if either (or both) of the previous fall and spring term enrollment was less than full time.  Adding or withdrawing from courses after June 6th does not increase or decrease the Pell Grant payment (some exceptions apply).

    Minnesota Grant

    A third 2017-2018 payment is available for summer to students who are eligible. Award amounts at each credit level are displayed on your award notice.

    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 $2,500.

    Federal Direct Loan (and SELF Loan)

    Eligibility is determined by grade level and is limited to one annual maximum per year (Fall 2017, Spring 2018 AND Summer 2018).

    • Summer financial aid cost of attendance and awarding is based on the number of credits and length of enrollment you report on the Summer Financial Aid application. Cost of attendance and award amounts are adjusted prior to disbursement to actual credits enrolled.
    • You must be enrolled in a degree seeking program.
    • You must be 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).
    • You must maintain satisfactory academic progress to be eligible for most summer aid. Students not maintaining satisfactory academic progress at the end of spring semester 2018 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 posted. Award notices will be available once eligibility is established.
    • Students graduating Spring 2018 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.
    1. A valid FAFSA for 2017-2018 received by the MSUM Office of Scholarship and Financial Aid (filing deadline is June 30, 2018). Eligibility for financial aid may be forfeited due to late application.
    2. Complete and submit the Summer Semester Financial Aid Application form by April 17 for on-time processing.
    3. Students eligible for MN Grant must submit the prior year (2017-2018) FAFSA by June 13, 2018 for summer grant funding consideration.
    • Award notices will not be mailed. Watch for notification to your mnstate email 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 20, 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 email address is active and correct.
    • First time borrowers at MSUM  
    • All summer registration MUST be completed before June 14.
    • 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.