Summer Financial Aid Information
Students may qualify for financial aid as a resource for summer term costs. While the availability of some programs differs for summer term versus the academic year (fall/spring semesters) and a separate financial aid award is provided for summer term, many of the processes are the same.
Summer term financial aid awards typically become available starting early April.
You will receive a financial aid award if you:
- Register for summer term course(s), and
- Have a completed and processed 2019-2020 Free Application for Federal Student Aid (FAFSA) with Minnesota State University, Mankato
It is recommended that you register for all summer term courses at once, regardless of start date. Enrollment changes may change your financial aid eligibility.
If you submitted a 2019-2020 FAFSA to a different school, please update your FAFSA with the Minnesota State Mankato school code 002360.
There is a hard deadline of June 30, 2020 to submit your 2019-2020 FAFSA.
If you graduated from a Minnesota high school but do not meet the citizenship requirements to complete the FAFSA go to the Minnesota Office of Higher Education website for possible financial aid resources through the State of Minnesota.
To view and accept your financial aid awards, refer to the following information.
Note: When you log in to e-services navigate to the Financial Aid Awards page be sure the term displays as Summer 2020. If not, select Change Semester and select Summer 2020 from the drop-down menu, then click on the Change Semester button to see the message, “Semester successfully changed.” Then navigate back to the Financial Aid Awards page.
How Enrollment Impacts Financial Aid Eligibility
Summer term is equivalent to one academic semester and your eligibility is determined based on the number of credits for which you are enrolled, prorated for less than full-time enrollment. The financial aid budget is also initially set at the cost of attendance for the full 10-week period for summer term and may be decreased if the timespan for all courses is less.
Undergraduate students must be enrolled in a minimum of 6 undergraduate level credit hours to borrow Federal Direct student/parent loans (Subsidized, Unsubsidized, Parent PLUS).
Graduate students must be enrolled in a minimum of 6 graduate level credit hours to qualify to borrow Federal Direct student loans (Unsubsidized, Graduate PLUS).
If you change your registration, your financial aid eligibility may change. If you receive financial aid and make enrollment changes that reduce your eligibility, you may be required to repay the University for funds returned to aid programs.
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.
Important Dates & Deadlines
Review all of the summer term important dates when they become available.
- May 22, 2020 Federal Pell Grant eligibility is based on enrollment level as of the end of the fifth day of the semester
- May 29, 2020 Disbursement of summer financial aid funds begins.
- June 10, 2020 Deadline to submit appeals to reinstate financial aid suspended for failure to meet Satisfactory Academic Progress (SAP) Standards.
- July 17, 2020 Deadline for all summer term loans to be approved and certified.