Are you enrolled in a summer term short course, which includes any course whose start and end dates do not span the full length of the semester (May 20-July 26)? If so, and if you drop/withdraw/stop attending any of your courses during summer term, you may be affected by regulations that require the University to reverse all or part of your financial aid.
The amount of financial aid reversed will depend on your attendance plans during the rest of the semester. If you are enrolled in a summer term short course that has not yet begun at the time you drop/withdraw/stop attending another summer term course, information is needed about your future plans for attendance:
Without written confirmation from the student indicating plans to attend a future short course in the semester, even if the student is registered for that future short course, the University is required to determine the financial aid reversal amount assuming the student will not be attending short courses that have not yet begun.
While work-study employment is a clear example of financial aid that is earned to help finance the cost of education, students also earn the other types of financial aid funds through their attendance and participation in classes.
Reviews of financial aid eligibility occur throughout the semester for students who drop individual classes or withdraw from all classes, and they are notified if those decisions had an impact on their eligibility.
Likewise, instructors are required to report last date of attendance for each student who receives a failing (F or NC) grade, indicating whether the student never attended or stopped attending/participating before the end of the course completion date. If a student never attended the course, s/he has not earned any financial aid for that course; if a student stopped attending, s/he may not have earned all or part of the financial aid, depending on his/her overall academic performance for the semester. Students who did not earn the financial aid that was processed for them will be notified by mail of their requirement to return all or a portion of those funds, and their student accounts will reflect the adjustments as balances due to the University.
The enrollment period for summer term FACTS payment plans begins March 20, 2013. Convenient monthly payment options are offered through Nelnet Business Solutions, a third-party tuition payment service provider for Minnesota State University, Mankato students.
Automatic payments can be authorized from designated checking, savings, or credit card accounts. Credit card options include: VISA, MasterCard, Discover, American Express and internationally-issued credit cards. Enrollment in a Nelnet/FACTS monthly payment plan is done on semester-by-semester basis, at a cost of $25 per semester.
Students with active Nelnet/FACTS payment plans protect their accounts from Registration Cancellation for Nonpayment, past due registration holds and semester late fees.
The Early Registration Guarantee Date is Monday, April 29, 2013, applicable to students registered for summer term as of April 22. Students need to meet minimum payment criteria to guarantee their registration and prevent registration cancellation for non-payment.
The Final Registration Guarantee Date is Friday, May 24, 2013, applicable to all students registered for summer term through May 24.
Students meeting the minimum payment criteria will not have registrations cancelled for non-payment; enrolled students are obligated for tuition and fees charges, regardless of attendance, according to timelines published for summer term’s official withdrawal and dropping courses procedures.
The Summer Term Due Date is Monday, June 24, 2013. All summer term account balances are required to be paid in full or be covered by a Nelnet/FACTS payment plan.
More information on billing and payments, including available Automatic Payment Plan options.
Minnesota State
University, Mankato
Mankato, MN 56001
1-800-722-0544
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Minnesota State Colleges & Universities system and an affirmative action/equal opportunity university.
