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.
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).
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.
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 2017, Spring 2018 AND Summer 2018).