• Summer Financial Aid

Office of Scholarship & Financial Aid

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  • 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.

    General Information

    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.

    Federal 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 apply).

    Minnesota 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.

    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 2016, Spring 2017 AND Summer 2017).

    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 Requirements

    -  Summer 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.

    Application Procedures

    -    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.

    -    Complete 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.

    Reminders

    -  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.

    -   Make 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 before 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.