Summer Financial Aid Information

Students may qualify for financial aid as a resource for Summer Term costs. You must be registered for summer courses and have a completed and processed 2018-2019 Free Application for Federal Student Aid (FAFSA) with Minnesota State Mankato (school code 002360). It is recommended that you register for all Summer Term courses at once. Changes in registration may change your financial aid eligibility. 

Important Dates

  • March 18, 2019: Summer course registration begins.
  • Early April, 2019:  Determination and notification of Summer financial aid eligibility begins.
  • May 31, 2019: First disbursement of summer financial aid funds. 
  • June 12, 2019:  Deadline to submit appeals to reinstate financial aid suspended for failure to meet Satisfactory Academic Progress (SAP) Standards.
  • June 30, 2019:  2018-2019 Free Application for Federal Student Aid (FAFSA) must be received by the Federal Processor on or before this date.
  • July 19, 2019:  All summer term loans must be approved and certified.

Summer Financial Aid Criteria

If you have completed a 2018-2019 FAFSA for Minnesota State Mankato (school code 002360), you do not need to complete another one.  If you completed one for another school, please update your FAFSA with our school code.

Students who graduated from a Minnesota high school who do not meet the citizenship requirements to complete the FAFSA can go to the Minnesota Office of Higher Education website for possible financial aid resources through the State of Minnesota.

Enrollment Requirements

 

For financial aid purposes, the Summer Term is considered to be the equivalent of one academic semester. For less than full-time enrollment, aid will be prorated. Your eligibility is determined based on the number of credits for which you are enrolled. Changes to your enrollment status may reduce or cancel your financial aid. 

Enrollment/Credit Requirements

Undergraduate

  • 12+ credits = Full Time
  • 9-11 credits = ¾ Time 
  • 6-8 credits = ½ time
  • 6 credits = minimum to borrow Federal Direct student/parent loans (Subsidized, Unsubsidized, Parent PLUS, Graduate PLUS).

                                    

  • Undergraduate students must be enrolled in a minimum of 6 undergraduate level credit hours to qualify for federal student loans. 
  • Graduate students must be enrolled in a minimum of 6 graduate level credit hours to qualify for federal student loans.

If you drop/withdraw/stop attending any of your courses during summer term and you are enrolled in a summer term short course that has not yet begun, the University is required to reduce your financial aid eligibility assuming you will not be attending the future course, unless you submit written confirmation of your plans to attend using this online form.

Enrolling at Another School:  If you are planning on registering for Summer courses at another school, a Consortium Agreement must be requested to determine financial aid eligibility for courses that are applicable to your degree program at Minnesota State University, Mankato. The consortium agreement is approved on an individual, course-specific basis; no financial aid is disbursed to the student for enrollment at another school without appropriate arrangements. Contact the Campus Hub to obtain the appropriate Consortium Agreement form and process instructions.

Cost of Attendance 

Cost of Attendance (COA) is the estimated direct and indirect school-related costs for each academic year.  These costs include tuition, fees, room, meals, books and supplies, and miscellaneous. The amount of a student’s COA is the maximum amount a student can receive in financial aid each academic year or semester. 

Budget Adjustment:  The Budget Adjustment Request process reviews certain costs students may incur which are either not covered or exceed the amounts covered in the financial aid cost of attendance. This includes costs associated with: commuting, child care, study abroad, internship, student teaching, aviation flight labs, and required program equipment or materials. Please note that not all situations can be considered under this process.  Students seeking a budget adjustment must make an appointment with a Financial Aid Advisor. To make an appointment, contact the Campus Hub at (507) 389-1866 or stop by 117 Centennial Student Union.

Financial Aid Available for Summer and How to Apply

The types of financial aid available during the Summer Term are primarily limited to loans:  Federal Direct Subsidized and/or Unsubsidized Student Loans, and other loan options. Federal and State Grant funds are available to those who qualify. Work Study funding is NOT available for this Summer Term.

Federal Direct Subsidized/Unsubsidized student loans:  Federal Direct Loans are administered by the federal government and require repayment. Your eligibility is based on what you borrowed during the 2018-2019 academic year, grade classification, and dependent/independent status. Federal Direct Subsidized student loans are only available to undergraduate students. You will automatically be considered for these funds by meeting the Summer Financial Aid Criteria, as noted above.

Other Loan Options

Federal Pell Grant and/or Minnesota State Grants Grants are funds based on financial need and in general do not require repayment.Federal Pell Grant and/or Minnesota State Grant may be available to undergraduate students, depending on your 2018-2019 financial aid awards for the Fall and Spring Semesters and your enrollment for the Summer Term.  You will automatically be considered for these funds by meeting the Summer Financial Aid Criteria, as noted above.

Minnesota Post-Secondary Child Care Grant Minnesota’s undergraduate and graduate student population includes many parents who need affordable, quality child care in order to continue their education at a college or university. To be considered for this grant, you must meet the Summer Financial Aid Criteria, as noted above.If you submitted an application for a Minnesota Child Care Grant during the 2018-2019 academic year, you do not need to submit a new application for Summer Term. If you are not currently receiving the Minnesota Child Care Grant, please print, complete and submit the Child Care application Minnesota Post-Secondary Child Care Grant Application to Student Financial Services as soon as possible, but no later than June 30, 2019. Funding is available for Summer Term. 

Minnesota GI Bill Grant Program This grant program provides post-secondary financial assistance to eligible Minnesota veterans and service members as well as eligible spouses and children of deceased or severely disabled eligible Minnesota veterans. Full-time undergraduate or graduate students may be eligible to receive up to $3,000 per year and part-time students may be eligible to receive up to $500 per semester or term.If you submitted an application for a Minnesota GI Bill Grant during the 2018-2019 academic year, you do not need to submit a new application for Summer Term. If you have not submitted an application for a Minnesota GI Bill Grant during the 2018-2019 academic year, the 2018-2019 application is available online

Federal TEACH Grant The Teacher Education Assistance for College and Higher Education Grant Program (TEACH) provides funds for undergraduate and graduate students who plan to teach in designated math, science, special education, language, and other high-need subject fields. More information

Accepting Summer Financial Aid 

Two separate processes to accept awards and loans: Review and Respond to Award Notification:

  • Login to mnsu.edu/eservices
  • Select Financial Aid 
  • Confirm the term displays Summer 2019. If not, select Change Semester, Summer 2019, Change Semester, then select Financial Aid. 
  • Under “Next Step” select “View your Award Notification” 
  • Complete all steps:
    1. Review Award Information 
    2. Respond to Awards – in this section you may choose to accept a Federal Direct student loan by selecting “Request loan.” You will be taken to a separate page. Complete the loan acceptance steps and return to the Respond to Awards page to complete the remaining steps for your awards and loan request to be processed. 
    3. Provide Additional Information 
    4. Submit Award Response 

Accept a Federal Direct student loan (only if you did not complete this in the step above):

  • Login to mnsu.edu/eservices
  • Select Financial Aid 
  • Select Loans 
  • Complete Loan Acceptance steps for Summer 2019

Important: Private (non-federal) student loan applications will not be processed until you accept your award and your Federal Direct student loans. If you choose not to accept your Federal Direct student loans you must make an appointment with one of our Financial Aid Advisors to discuss this information.If you choose to apply for other loan funding refer to the Other Loan Options section.