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.
Student-borrowers of Federal Direct Loans graduating or otherwise ceasing to be enrolled on at least a half-time basis at Minnesota State University, Mankato, at the end of Spring Semester are required to participate in Loan Exit Counseling.
To meet this requirement, students may complete the counseling process during one of the sessions hosted on campus by Student Financial Services.
Information needed to complete the process includes:
The counseling session takes approximately 45 minutes and will provide borrowers with an individual review of their loan repayment obligations, information regarding repayment options and suggestions, debt management strategies, potential deferment, forbearance and cancellation options, and consequences of loan default.
Student-borrowers can also meet the requirement by completing Loan Exit Counseling online. Click on the Exit Counseling link found in the Tools and Resources menu of the StudentLoans.gov home page to begin.
For a complete federal loan history, visit www.NSLDS.ed.gov and click on the “Financial Aid Review” link using your federal PIN code as provided to you by the U.S. Department of Education.
Monday, February 18, 2013, is the Spring Semester Due Date. All registered students should ensure that spring semester account balances are paid in full or covered by a Nelnet/FACTS payment plan.
Monday, March 11, 2013, is the Spring Semester Past Due Date. Accounts with unpaid spring semester balances not covered by a Nelnet/FACTS payment plan will be subject to Unpaid Balance hold and $50 late fee. Additionally, accounts whose unpaid spring semester balances include unpaid residence hall charges will be subject to the suspension of meal plan/dining privileges per the terms of the 2012-2013 Residence Hall Contract.
Unpaid balances at the close of the semester are subject to referral for collection to Minnesota Department of Revenue. Further details about collection referral.
Minnesota State University, Mankato is hosting two Minnesota College Goal workshops that will provide free professional assistance to students and families who need to complete the Free Application for Federal Student Aid (FAFSA) for the 2013-2014 school year.
The events will be held in the computer lab area located on the lower level of the Centennial Student Union. Pre-registration is not required and free parking will be available in the Visitor’s Lot at the intersection of Ellis Avenue and South Road.
Minnesota College Goal is a FAFSA Completion Initiative funded through a grant from USA Funds. Workshops are held on various dates and locations throughout Minnesota from February 1 through May 1.
If either of these scheduled events is affected by winter weather conditions, cancellation information will be posted at: http://www.katoinfo.com/closings.php.
Fast FAFSA Help @ the Campus Hub is being provided by Student Financial Services
Stop by for quick answers or in-depth assistance at the specially designated station. For in-depth assistance, bring completed 2012 federal income tax returns and W-2 forms, as well as your federal PIN. To apply for a PIN or request a duplicate PIN, go to www.pin.ed.gov.
The site to apply online for 2013-2014 financial aid is www.fafsa.ed.gov. Remember to use your federal PIN to sign your application (parents, too, if you are a dependent student).
For assistance at times other than those offered above, contact the Campus Hub.
Students can now provide consent to receive student-related annual tax documents electronically for quicker access. If consent is not provided, the forms will be printed and mailed in January to student address on file as of the end of December. Students providing consent will receive an e-mail and see an update to Action Items on Student e-Services indicating the availability of tax forms for downloading.
To sign up for electronic tax forms, log in to Student e-Services and click on the Action Items links for Tax Form 1098-T Tuition Statement and Tax Form W-2 Wage and Tax Statement. Once consent is provided, the Action Items links will disappear. The consent is only needed one time for each tax form and covers current and future years of enrollment at all Minnesota State Colleges and Universities.
Student grant, scholarship and loan funds for spring semester are processed after the final registration and tuition obligation date of Friday, January 18, resulting in transactions that apply financial aid payments to University charges. Funds in excess of tuition, fees, room and board, textbooks and other eligible University charges are payable to students.
The first scheduled direct deposit date for spring semester is Friday, January 25, 2013. Students are reminded to confirm deposit transactions with their financial institutions.
Subsequent student financial aid funds received by the University for spring semester are processed twice weekly throughout the semester.
Convenient monthly payment options are offered through Nelnet Business Solutions, a third-party tuition payment service provider for Minnesota State University, Mankato students. Enrollment in spring semester FACTS payment plans begins Monday, November 12, 2012. Deadline to enroll in the last available plans is February 18, 2013.
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 satisfy the minimum payment requirements for the Registration Guarantee Dates of December 20, 2012, and January 18, 2013, and protect their accounts from Registration Cancellation for Nonpayment; active payment plan status also prevents past due registration holds, semester late fees and suspension of residence hall meal plan/dining privileges.
A Student eServices function allows students to assign proxy access to designated individuals to view University account information and make payments on the student’s behalf. A student who wishes to provide this access can do so by logging in with Tech ID and Password at mnsu.edu/eservices, selecting the Bills and Payment menu item, and clicking on the “Give Someone Access to Pay My Bill” button on the Bills and Payment summary screen. The first time the student is required to read and accept the Terms and Conditions. Once accepted, the name and e-mail address of the alternate payer may be provided. Clicking on the “Send or Renew Access Request” button will initiate an e-mail message sent to alternate payer with instructions to activate his/her access within five days. Proxy bill pay access remains active for six months; a student may revoke access at any time, as well as renew access after it expires or is revoked.
The proxy bill payer will have access to functions within the Bills and Payment section of eServices, which includes viewing the student’s class schedule through the Account Activity PDF form. The proxy bill payer will not be able to enroll in a Nelnet/FACTS payment plan, will not have access to other sections of eServices, nor can s/he designate anyone else to have proxy bill payer access. Students may also designate more than one individual as assigned alternate bill payers with proxy access to their account. It is recommended that access is limited to family members such as a parent, spouse, or legal guardian. It should also be noted that providing access to alternate payers is not considered a guarantee of payment; the student retains sole responsibility for timely payment of all account charges.
Important Dates information related to student accounts.
Monday, August 6, 2012, is the Early Registration Guarantee Date for fall semester. Students registered through Sunday, July 29, will need to meet minimum payment criteria by August 6 to guarantee their registration and prevent registration cancellation for non-payment.
Friday, August 31, 2012, is the Final Registration Guarantee Date for fall semester. All students registered through Friday, August 31, will need to meet minimum payment criteria by August 31 to guarantee their registration and prevent registration cancellation for non-payment.
Accounts meeting the minimum payment criteria will not have registrations cancelled for non-payment. Students are obligated for tuition and fees charges regardless of attendance. Additional information is published regarding the financial impact of dropping courses and official withdrawal.
Monday, October 1, 2012, is the Fall Semester Due Date. All registered students should ensure that fall semester account balances are paid in full or covered by a Nelnet/FACTS payment plan. Note that Monday, September 24, is the last day to enroll in the final payment plan option through Nelnet/FACTS.
Monday, October 22, 2012 is the Fall Semester Past Due Date. Accounts with unpaid fall semester balances not covered by a Nelnet/FACTS payment plan will be subject to Unpaid Balance hold and $50 late fee. Additionally, accounts whose unpaid fall semester balances include unpaid residence hall charges will be subject to the suspension of meal plan/dining privileges per the terms of the 2012-2013 Residence Hall Contract.
Student-borrowers of Federal Direct Loans graduating or otherwise ceasing to be enrolled on at least a half-time basis at Minnesota State University, Mankato, at the end of Fall Semester are required to participate in Exit Loan Counseling.
To meet this requirement, students may complete the counseling process during one of the sessions hosted on campus by Student Financial Services.
The counseling session takes approximately 45 minutes and will provide borrowers with an individual review of their loan repayment obligations, information regarding repayment options and suggestions, debt management strategies, potential deferment, forbearance and cancellation options, and consequences of loan default.
Student-borrowers can also meet the requirement by completing Exit Loan Counseling online. Click on the Exit Counseling link found in the Tools and Resources menu of the StudentLoans.gov home page to begin.
For a complete federal loan history, visit www.NSLDS.ed.gov and click on the “Financial Aid Review” link using your federal PIN code as provided to you by the U.S. Department of Education.
Most students rely on financial aid (grants, scholarships, work-study, loans) as they pursue their postsecondary degrees. While work-study employment is a clear example of the “earn while you learn” concept, other federal and state aid programs stipulate that students must earn the other types of funds through their attendance and participation in classes. Students who drop individual classes or withdraw from all classes are subject to a review of their financial aid and are notified if that decision has had an impact on their eligibility.
Instructors utilize a grading system that requires them 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.
The grading system is required to determine whether students with last dates of attendance prior to the end of the semester have earned their financial aid. For those who have not, they will be notified by mail of their requirement to return all or a portion of the funds and their student account will reflect the adjustment as a balance due to the University.
Convenient monthly payment options are offered through Nelnet Business Solutions, a third-party tuition payment service provider for Minnesota State University, Mankato students. Enrollment in fall semester FACTS payment plans is currently open. Deadline to enroll in the last available plans is September 24, 2012.
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 satisfy the minimum payment requirements for the Registration Guarantee Dates of August 6, 2012, and August 31, 2012, and protect their accounts from Registration Cancellation for Nonpayment; active payment plan status also prevents past due registration holds, semester late fees and suspension of residence hall meal plan/dining privileges.
Student Financial Services presents information to orientation attendees on topics such as:
Presentations
Are you enrolled in a short course, which includes any course whose start and end dates do not span the full length of the semester? If so, and if you drop/withdraw/stop attending any of your courses during the semester, 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 short course that has not yet begun at the time you drop/withdraw/stop attending another 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.
Congress passed legislation Friday, June 29, 2012, to extend the 3.4 percent interest rate on subsidized Stafford student loans for one year. The bill temporarily delays the rate from doubling to 6.8 percent on July 1. Experts estimate that this change will reduce costs for these borrowers by as much as $1,000 over the life of repayment or $6 to $9 per monthly payment.
The House voted 373-52 and the Senate voted 74-19 in favor of the bill. President Obama is expected to sign it into law.
From 6:00 PM on Friday, July 6, 2012 through approximately 6:00 PM on Sunday, July 8, 2012, the student administrative systems will be unavailable due to a planned outage of the MnSCU enterprise systems. You will be unable to access Student e-Services, view your Financial Aid Application Status or Official Award, or complete the Financial Aid Student Response process during this outage.
Graduate and professional students who use federal student loans to fund their education will be affected by a change to the Federal Stafford (Direct) loan program for the 2012-2013 academic year.
Currently, graduate students with demonstrated financial need can borrow Subsidized loans for which the interest is paid by the federal government until after graduation. For periods of enrollment (loan periods) that begin after July 1, 2012, the federal subsidy will no longer be available to graduate students. If you already have a Subsidized loan, you will not be responsible for the interest that accrues until after you graduate, but any new federal Direct loans taken out will be Unsubsidized loans. Unless you make interest payments while you are in school, those federal loans will accrue interest at a fixed rate of 6.8% while you work toward graduation.
The annual loan limit remains unchanged at $20,500 but this amount will now be limited to Direct Unsubsidized Loans; the aggregate limit remains unchanged as well, at $138,500.
There are alternative borrowing options available beyond the Unsubsidized loan. The government also offers Grad PLUS loans, which have a fixed rate of 7.9%. Students also have a wide variety of private educational loans to consider. While the new subsidy change may make these private loans look more attractive – comparing a 6.8% fixed rate to a 3% variable rate – caution is recommended; a rate increase can set in at any point with a variable rate, and private loan holders are not eligible for some post-graduate financial aid programs, including Public Service Loan Forgiveness, which only requires professionals working for the government, a nonprofit, or a variety of other public service organizations to make loan repayments for 10 years. Students are encouraged to fully research loan program features to determine the best approach for their individual situations.
Please contact us if we can provide any further information about this change to the Federal Direct Loan program.
Students registered for summer term through April 23, 2012, are reminded to meet minimum payment criteria by Monday, April 30, 2012, to guarantee their registration and prevent registration cancellation for non-payment.
All students registered for summer term through May 25, 2012, will need to meet minimum payment criteria to guarantee their registration as well.
Accounts meeting the minimum payment criteria as of May 25, 2012, will not have registrations cancelled for non-payment; 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.
All summer term account balances are required to be paid in full or be covered by a Nelnet/FACTS payment plan by June 25, 2012, to prevent past due penalties.
Click here for more information on billing and payments, including available Automatic Payment Plan options.
The enrollment period for summer term FACTS payment plans begins March 15, 2012. 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.
Summer Financial Aid Applications will be available online March 14 when the registration period begins. 2011-12 FAFSA and Summer Applications submitted by April 27 will meet the priority processing timeline for the first disbursements on June 1. More information.
Students planning to attend Minnesota State University, Mankato during the 2012-2013 school year are encouraged to submit their Federal Application for Federal Student Aid (FAFSA) as early as possible to determine eligibility and allow sufficient time for required award acceptance processes. The FAFSA on the Web Worksheet (PDF) provides a preview of the questions that you may be asked while completing the FAFSA online at www.fafsa.gov.
Student account transactions can be initiated by a number of situations throughout the academic year - health service visits, overdue library materials, and graduation fees, to name a few. Students are encouraged to monitor their accounts routinely by logging in to e-services with Tech ID/Password, selecting Bills and Payment and Balance Due by Term. If there is an amount due, the details can be viewed by selecting Full Account Detail.
Accounts will be reviewed on February 13, 2012, for past due balances. Those with unpaid Spring Semester charges, excluding those with a current Nelnet/FACTS payment plan in place, will automatically be charged a $30 installment fee and given until March 12, 2012, to pay in full and prevent delinquent account past due penalties.
Accounts with unpaid Spring Semester balances as of March 12, 2012, excluding those with a current Nelnet/FACTS payment plan in place, will be subject to the Unpaid Balance registration hold and $50 late fee.
Additionally, accounts with unpaid Spring Semester Residence Hall balances not covered by a Nelnet/FACTS payment plan will be subject to suspension of meal plan/dining privileges. Privileges will be reinstated when the account is made current; the student retains financial responsibility for all meals missed as a result of failure to pay by established deadlines, as outlined in the 2011-2012 Residence Hall Contract. Refer to pages 33 and 37 in the Residence Hall Student Guide posted online (PDF).
Students planning to attend Minnesota State University, Mankato during the 2012-2013 school year are encouraged to submit their Free Application for Federal Student Aid (FAFSA) by March 15, 2012, as certain limited-fund programs are awarded on a first-come, first-served basis to qualified applicants.
Student Financial Services will be hosting help sessions to assist students in completing the 2012-2013 FAFSA.
Session Dates & Times:
If you are unable to attend the sessions, please feel free to contact us at other times for individualized assistance.
Student grant, scholarship and loan funds for spring semester are processed after the final registration and tuition obligation date of Friday, January 13, resulting in transactions that apply financial aid payments to University charges. Funds in excess of tuition, fees, room and board, textbooks and other eligible University charges are payable to students.
The first scheduled direct deposit date for spring semester is Friday, January 20, 2012. Students are reminded to confirm deposit transactions with their financial institutions.
Subsequent student financial aid funds received by the University for spring semester are processed twice weekly throughout the semester.
Students can now provide consent to receive student-related annual tax documents electronically for quicker access. If consent is not provided, the forms will be printed and mailed in January to student address on file as of the end of December. Students providing consent will receive an e-mail and see an update to Action Items on Student e-Services indicating the availability of tax forms for downloading.
To sign up for electronic tax forms, log in to Student e-Services and click on the Action Items links for Tax Form 1098-T Tuition Statement and Tax Form W-2 Wage and Tax Statement. Once consent is provided, the Action Items links will disappear. The consent is only needed one time for each tax form and covers current and future years of enrollment at all Minnesota State Colleges and Universities.
Friday, December 16, 2011, is the Early Registration Guarantee Date for spring semester. Students registered through Friday, December 9, will need to meet minimum payment criteria by December 16 to guarantee their registration and prevent registration cancellation for non-payment.
Friday, January 13, 2012, is the Final Registration Guarantee Date for spring semester. All students registered through Friday, January 13, will need to meet minimum payment criteria by January 13 to guarantee their registration and prevent registration cancellation for non-payment.
Accounts meeting the minimum payment criteria will not have registrations cancelled for non-payment. Students are are obligated for tuition and fees charges regardless of attendance. Additional information is published regarding the financial impact of dropping courses and official withdrawal.
Additionally, as of Friday January 13, 2012, all registered students should ensure that spring semester account balances are paid in full, or covered by a Nelnet/FACTS payment plan, or covered by sufficient financial aid/third party funds scheduled for processing. Account reviews and additional fees and penalties for unpaid balances will begin on February 13, 2012. Refer to the Spring Semester Important Dates page for details.
The enrollment period for spring semester FACTS payment plans begins November 10, 2011. 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 satisfy the minimum payment requirements for the Registration Guarantee Dates of December 16, 2011, and January 13, 2012, and protect their accounts from Registration Cancellation for Nonpayment; active payment plan status also prevents automatic installment fees, past due registration holds, semester late fees and suspension of residence hall meal plan/dining privileges.
For more information, click here.
Most students rely on financial aid (grants, scholarships, work-study, loans) as they pursue their postsecondary degrees. While work-study employment is a clear example of the “earn while you learn” concept, other federal and state aid programs stipulate that students must earn the other types of funds, too, through their attendance and participation in classes. Students who drop individual classes or withdraw from all classes are subject to a review of their financial aid and are notified if that decision has had an impact on their eligibility.
Beginning Fall Semester 2011, instructors are utilizing a grading system that requires them 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.
The new grading system enhances the information made available to the University, and it is required to determine whether students with last dates of attendance prior to the end of the semester have earned their financial aid. For those who have not, they will be notified by mail of their requirement to return all or a portion of the funds and their student account will reflect the adjustment as a balance due to the University.
Student-borrowers of Federal Stafford Loans graduating or otherwise ceasing to be enrolled on at least a half-time basis at Minnesota State University, Mankato, at the end of Fall Semester are required to participate in Federal Stafford Exit Loan Counseling.
To meet this requirement, students may complete the counseling process during one of the sessions hosted on campus by Student Financial Services.
Information needed to complete the process includes:
The counseling session takes approximately 45 minutes and will provide borrowers with an individual review of their loan repayment obligations, information regarding repayment options and suggestions, debt management strategies, potential deferment, forbearance and cancellation options, and consequences of loan default.
Student-borrowers can also meet the requirement by completing Federal Stafford Exit Loan Counseling online.
For a complete federal loan history, visit www.NSLDS.ed.gov and click on the “Financial Aid Review” link using your federal PIN code as provided to you by the U.S. Department of Education.
Payments to students for financial aid overages, student payroll earnings, and refunds are routinely posted to student-designated bank accounts through direct deposit. Students with a current direct deposit authorization benefit from safest, quickest and most convenient method of payment while assisting the University in its mission to provide excellent student service at the lowest possible cost.
Current students can either link their MavCARD to a Wells Fargo® checking account to authorize direct deposit for University payments or set up their authorization to another bank account through e-services. The Direct Deposit Setup function is found under either the Financial Aid or the Student Employment menus on e-services. This setup screen can also be viewed to confirm the accuracy of bank account information for a current direct deposit authorization.
Student account transactions can be initiated by a number of situations throughout the academic year - health service visits, overdue library materials, and graduation fees, to name a few. Students are encouraged to monitor their accounts routinely by logging in to e-services with Tech ID and Tech ID Password, selecting Bills and Payment and Balance Due by Term. If there is an amount due, the details can be viewed by selecting Full Account Detail.
Accounts will be reviewed on September 26, 2011, for past due balances. Those with unpaid Fall Semester charges, excluding those with a current Nelnet/FACTS payment plan in place, will automatically be charged a $30 installment fee and given until October 24, 2011, to pay in full and prevent delinquent account past due penalties.
Accounts with unpaid Fall Semester balances as of October 24, 2011, excluding those with a current Nelnet/FACTS payment plan in place, will be subject to the Unpaid Balance registration hold and $50 late fee.
Additionally, accounts with unpaid Fall Semester Residence Hall balances not covered by a Nelnet/FACTS payment plan will be subject to suspension of meal plan/dining privileges. Privileges will be reinstated when the account is made current; the student retains financial responsibility for all meals missed as a result of failure to pay by established deadlines, as outlined in the 2011-2012 Residence Hall Contract. Refer to pages 33 and 37 in the Residence Hall Student Guide posted online (PDF).
An online video service, Financial Aid TV, is available to the Minnesota State University, Mankato, community through the Campus Hub web pages.
Financial Aid TV presents short, dynamic video segments designed to answer students’ most frequently asked questions. The videos communicate complex financial aid information in an easy-to-understand style and format.
Transcripts for the videos are also provided in text format by clicking on the video text link just below the viewing screen for the selected segment. The video playlist is also provided in a low bandwidth version for those who experience trouble viewing the page or have an audio or visual impairment.
A new e-Services loan acceptance process has been added to Student e-Services for 2011-2012. Students log in with Tech ID and Password, select Financial Aid from the left-side navigation menu, then click on Loans. Current loan eligibility will be displayed and the student may accept either the full amount or a reduced amount. The e-Services process also confirms whether the required Entrance Loan Counseling and Master Promissory Note (MPN) steps have been completed, directing students to the Federal site if needed.
Students are reminded to also complete the 2011-2012 Student Response Form as part of the overall financial aid acceptance process.
Financial Aid award notices are currently being generated for Academic Year 2011-2012. Student Financial Services has provided a checklist (PDF) to help students work through the steps needed to finalize the financial aid awards they wish to utilize.
The enrollment period for summer term FACTS payment plans began April 11, 2011. 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 satisfy the minimum payment requirements for the Registration Guarantee Dates of August 1, 2011, and August 26, 2011, and protect their accounts from Registration Cancellation for Nonpayment; active payment plan status also prevents automatic installment fees, past due registration holds, semester late fees and suspension of residence hall meal plan/dining privileges.
For more information, click here.
Student Financial Services presents information to orientation attendees on topics such as:
Presentations
August 2011
Summer 2011
Students planning to attend Minnesota State University, Mankato during the 2011-2012 school year are encouraged to submit their Federal Application for Federal Student Aid (FAFSA) as early as possible to determine eligibility and allow sufficient time for required award acceptance processes. The FAFSA on the Web Worksheet (PDF) provides a preview of the questions that you may be asked while completing the FAFSA online at www.fafsa.gov.
Summer term classes are now available to view on e-services. Summer Financial Aid Applications will be available online March 16 when the registration period begins. 2010-11 FAFSA and Summer Applications submitted by April 22 will meet the priority processing timeline for the first disbursements on May 26. More information.
In observance of University-designated staff holidays for Presidents’ Day and Memorial Day, the following offices will be closed on Friday, May 27, and Monday, May 30:
University classes are scheduled on Friday, May 27. A limited number of University employees in addition to classroom faculty will be on duty and may provide coverage for other administrative or academic offices. Students and others are encouraged to inquire in advance of seeking non-instructional services on this date.
University classes are not in session on Monday, May 30, and all campus offices will be closed
The University has developed a checklist for students called to active duty during their military service. The checklist outlines options available and steps to complete, important campus contacts, and tips for re-enrollment to Minnesota State Mankato when returning from deployment.
Students registered for summer term through April 22, 2011, are reminded to meet minimum payment criteria by Friday, May 6, 2011, to guarantee their registration and prevent registration cancellation for non-payment.
All students registered for summer term through May 20, 2011, will need to meet minimum payment criteria to guarantee their registration as well.
Accounts meeting the minimum payment criteria as of May 20 will not have registrations cancelled for non-payment; 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.
All summer term account balances should be paid in full, be covered by a Nelnet/FACTS payment plan, or be covered by sufficient financial aid/third party funds scheduled for processing, by May 20, 2011.
Click here for more information on billing and payments, including available Automatic Payment Plan options.
The enrollment period for summer term FACTS payment plans begins March 16, 2011. 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.
For more information, click here.
Student-borrowers of Federal Stafford Loans graduating or otherwise ceasing to be enrolled on at least a half-time basis at Minnesota State University, Mankato, at the end of Spring Semester are required to participate in Federal Stafford Exit Loan Counseling.
To meet this requirement, students may complete the counseling process during one of the sessions hosted on campus by Student Financial Services.
Information needed to complete the process includes:
The counseling session takes approximately 45 minutes and will provide borrowers with an individual review of their loan repayment obligations, information regarding repayment options and suggestions, debt management strategies, potential deferment, forbearance and cancellation options, and consequences of loan default.
Student-borrowers can also meet the requirement by completing Federal Stafford Exit Loan Counseling online.
For a complete federal loan history, visit www.NSLDS.ed.gov and click on the “Financial Aid Review” link using your federal PIN code as provided to you by the U.S. Department of Education.
Online applications for the Annual Spring Gold Permit Drawing are available beginning Friday, April 1, until 12 midnight on Friday, April 15, 2011. There are 924 campus parking stalls set aside as premium close-in spaces for Gold Permit holders. Cost is $236 for a 12-month permit. More information about the annual process is available at mnsu.edu/parking.
Insurance-eligible faculty and staff are also reminded of the option to enroll in the Transit Expense Account (PDF) at this time if they wish to set aside pre-tax money for parking permit expenses.
Students planning to attend Minnesota State University, Mankato during the 2011-2012 school year are encouraged to submit their Free Application for Federal Student Aid (FAFSA) by March 15, 2011, as certain limited-fund programs are awarded on a first-come, first-served basis to qualified applicants. The FAFSA on the Web Worksheet (PDF) provides a preview of the questions that you may be asked while completing the FAFSA online at www.fafsa.gov.
Student Payroll Earnings Statements
Calendar Year 2010 Student Payroll Earnings Statements (Form W-2 and wage Form 1042-S) are in the process of being printed and mailed from the Minnesota State Colleges and Universities Tax Services Unit, and will be post marked by February 1, 2011. Individual campuses are required to allow the U.S. Postal Service to deliver the original tax form(s) before submitting requests for reprinted forms. Reprints can be obtained by contacting the Campus Hub, beginning February 2011.
Student Tuition Statements
Calendar Year 2010 Student Tuition Statements (Form 1098-T) are in the process of being printed and mailed from the Minnesota State Colleges and Universities Tax Services Unit, and will be post-marked by February 1, 2011. Individual campuses are required to allow the U.S. Postal Service to deliver the original tax form(s) before submitting requests for reprinted forms. Reprints for tax years 2004-2010 can be obtained by contacting the Campus Hub, beginning February 2011. Reprints of 1098-T Tuition Statements for tax year 2003 or earlier can be obtained by contacting tax@so.mnscu.edu.
More Educational Tax Info.
Student Financial Services will be hosting help sessions to assist you in completing the Free Application for Federal Student Aid (FAFSA) for the upcoming school year.
Session Dates & Times:
If you are unable to attend the sessions, please feel free to contact us at other times for individualized assistance.
Student account transactions can be initiated by a number of situations throughout the academic year - health service visits, overdue library materials, and graduation fees, to name a few. Students are encouraged to monitor their accounts routinely by logging in to e-services with Tech ID and PIN, selecting Bills and Payment and Balance Due by Term. If there is an amount due, the details can be viewed by selecting Full Account Detail.
Accounts will be reviewed on February 14, 2011, for past due balances. Those with unpaid Spring Semester charges, excluding those with a current Nelnet/FACTS payment plan in place, will be subject to the Unpaid Balance registration hold and $50 late fee.
Student grant, scholarship and loan funds for spring semester are processed after the final registration and tuition obligation date of Friday, January 14, resulting in transactions that apply financial aid payments to University charges. Funds in excess of tuition, fees, room and board, textbooks and other eligible University charges are payable to students. The first scheduled direct deposit date for spring semester is Friday, January 21, 2011. Students are reminded to confirm deposit transactions with their financial institutions.
Subsequent student financial aid funds received by the University for spring semester are processed twice weekly throughout the semester.
Students who register in spring semester courses through December 10, 2010, are required to meet financial commitment/payment requirements by Thursday, December 30, 2010. Confirmed financial aid funds may be deducted from amount due to determine personal payment due, if any. Click here for more information on billing and payments, including available Automatic Payment Plan options.
Student account transactions can be initiated by a number of situations throughout the academic year - health service visits, overdue library materials, and graduation fees, to name a few. Students are encouraged to monitor their accounts routinely by logging in to e-services with Tech ID and PIN, selecting Bills and Payment and Balance Due by Term. If there is an amount due, the details can be viewed by selecting Full Account Detail.
Accounts will be reviewed on October 11, 2010, for past due balances. Those with unpaid Fall Semester charges, excluding those with a current Nelnet/FACTS payment plan in place, will be subject to the Unpaid Balance registration hold and $50 late fee.
Accounts will again be reviewed on October 25, 2010; students with unpaid Fall Semester residence hall charges, excluding those with a current Nelnet/FACTS payment plan in place, will be subject to a suspension of campus dining privileges. Privileges will be reinstated when the account is made current; the student retains financial responsibility for all meals missed as a result of failure to pay by established deadlines, as outlined in the 2010-2011 Residence Hall Contract.
As a result of a recently enacted federal law (Health Care and Reconciliation Act of 2010 – HR 4872), private lenders will no longer be able to originate new federal student loans under the Federal Family Education Loan Program (FFELP). This includes Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS) and Graduate PLUS Loans.
All of these federal loans will originate through the U.S. Department of Education’s William D. Ford Direct Loan Program beginning July 1, 2010.
What this means to you:
How will my current FFELP loans be affected by this change?
If you currently have loans under the FFELP program, this change in regulations does not affect who currently services or owns those loans. Some lenders have sold or may elect to sell loans first disbursed after July 1, 2008 to the U.S. Department of Education as part of the Ensuring Continued Access to Student Loans Act of 2008 (ECASLA). If this is the case, your current lender or servicing agency will inform you of the sale. To find out who currently holds/services your Federal Student Loans please visit www.nslds.ed.gov.
Private (alternative) education loans requested for 2010-2011, limited to the award amounts provided on student financial aid notices as “Other Loan Options,” are subject to new regulations.
The Higher Education Opportunity Act (HEOA) reauthorized the Higher Education Act (HEA) and amended the Truth-In-Lending Act (TILA). It established new institution based disclosure requirements and Private Education loan disclosures. It requires institutions to inform borrowers of their possible eligibility for Title IV loans and that the terms/conditions of the Title IV loans may be more favorable than Private education loans. This is to ensure an informed student loan borrower, borrower choice of lender, and transparency and high ethical standards in the student lending process.
Therefore, a student must file a 2010-2011 Free Application for Federal Student Aid (FAFSA), receive a notice of eligibility for Federal Title IV loans, and accept or decline those loans before private (alternative) education loans can be certified by the school.
Lenders offering private educational loans are now required to obtain a self-certification form from the student-borrower that indicates his/her cost of attendance, estimated financial assistance, and the difference between these two amounts. Most private lenders will provide a self-certification form for completion; information to assist students with this process is available here.
The Federal Reserve Board’s Regulation Z, 12CFR 226, further requires private lenders to provide additional disclosures to students at specific points during the loan process: on or with an application, after loan approval, and at consummation. Student-borrowers are also given a 3-day right to cancel period before the private loan funds can be disbursed.
More information about private educational loans.
Payments to students for financial aid overages, student payroll earnings, and refunds are routinely posted to student-designated bank accounts through direct deposit. Students with a current direct deposit authorization benefit from safest, quickest and most convenient method of payment while assisting the University in its mission to provide excellent student service at the lowest possible cost.
Current students can either link their MavCARD to a Wells Fargo® checking account to authorize direct deposit for University payments or complete a Student Direct Deposit Program Authorization form to designate another bank account and/or update their current authorization.
An online video service, Financial Aid TV, is available to the Minnesota State University, Mankato, community through the Campus Hub web pages.
Financial Aid TV presents short, dynamic video segments designed to answer students’ most frequently asked questions. The videos communicate complex financial aid information in an easy-to-understand style and format.
Transcripts for the videos are also provided in text format by clicking on the video text link just below the viewing screen for the selected segment. The video playlist is also provided in a low bandwidth version for those who experience trouble viewing the page or have an audio or visual impairment.
Financial Aid award notices are currently being generated for Academic Year 2010-2011. Student Financial Services has provided a checklist (PDF) to help students work through the steps needed to finalize the financial aid awards they wish to utilize.
Financial Aid award notices are currently being generated for Academic Year 2010-2011. Student Financial Services has provided a checklist (PDF) to help students work through the steps needed to finalize the financial aid awards they wish to utilize.
Student Financial Services presents information to orientation attendees on topics such as:
The payment due date is Friday, May 21, 2010, for students who register in summer term courses April 24, 2010 through May 21, 2010. Confirmed financial aid funds may be deducted from amount due to determine personal payment obligation, if any. Click here for more information on billing and payments, including available Automatic Payment Plan options.
Students registered for summer term through April 23, 2010, are reminded that the payment due date is Friday, May 7, 2010. Confirmed financial aid funds may be deducted from amount due to determine personal payment obligation, if any. Click here for more information on billing and payments, including available Automatic Payment Plan options.
After June 30, 2010, as a result of a recently enacted federal law (Health Care and Reconciliation Act of 2010 – HR 4872), private lenders will no longer be able to originate new federal student loans under the Federal Family Education Loan Program (FFELP). This includes Stafford Subsidized, Stafford Unsubsidized, Parent Loans for Undergraduate Students (PLUS) and Graduate PLUS Loans.
All of these federal loans will originate through the U.S. Department of Education’s William D. Ford Direct Loan Program beginning July 1, 2010.
What this means to you:
How will my current FFELP loans be affected by this change?
If you currently have loans under the FFELP program, this change in regulations does not affect who currently services or owns those loans. Some lenders have sold or may elect to sell loans first disbursed after July 1, 2008 to the U.S. Department of Education as part of the Ensuring Continued Access to Student Loans Act of 2008 (ECASLA). If this is the case, your current lender or servicing agency will inform you of the sale. To find out who currently holds/services your Federal Student Loans please visit www.nslds.ed.gov.
Student-borrowers of Federal Stafford Loans graduating or otherwise ceasing to be enrolled on at least a half-time basis at Minnesota State University, Mankato, at the end of Spring Semester are required to participate in Federal Stafford Exit Loan Counseling.
To meet this requirement, students may complete the counseling process during one of the sessions hosted on campus by Student Financial Services.
Information needed to complete the process includes:
The counseling session takes approximately 45 minutes and will provide borrowers with an individual review of their loan repayment obligations, information regarding repayment options and suggestions, debt management strategies, potential deferment, forbearance and cancellation options, and consequences of loan default.
Student-borrowers can also meet the requirement by completing Federal Stafford Exit Loan Counseling online.
Online applications for the Annual Spring Gold Permit Drawing are available beginning Thursday, April 1, until 12 midnight on Thursday, April 15, 2010. Of the 5,400 campus parking stalls, 924 are set aside as premium close-in spaces for Gold Permit holders. Cost is $236 for a 12-month permit. More information about the annual process is available at mnsu.edu/parking.
Insurance-eligible faculty and staff are also reminded of the option to enroll in the Transit Expense Account (PDF) at this time if they wish to set aside pre-tax money for parking permit expenses.
The enrollment period for summer term FACTS payment plans begins March 15, 2010. 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.
For more information, click here.
A new online video service, Financial Aid TV, is now available to the Minnesota State University, Mankato, community through the Campus Hub web pages.
Financial Aid TV presents short, dynamic video segments designed to answer students’ most frequently asked questions. The videos communicate complex financial aid information in an easy-to-understand style and format.
Transcripts for the videos are also provided in text format by clicking on the video text link just below the viewing screen for the selected segment. The video playlist is also provided in a low bandwidth version for those who experience trouble viewing the page or have an audio or visual impairment.
Students may qualify for financial aid as a resource for summer term costs.
Application requirements include:
Students who have received financial aid awards for Fall and/or Spring Semesters 2009-2010 have met the FAFSA requirement. The Summer Financial Aid Application will be made available online on March 17, 2010, when the first registration windows open for summer term.
Student Financial Services will be hosting help sessions to assist you in completing the Free Application for Federal Student Aid (FAFSA) for the upcoming school year. .
Session Dates & Times:
All sessions will be held in Wissink Hall, Room ACC 125
If you are unable to attend the sessions, please feel free to contact us at other times for individualized assistance.
Student account transactions can be initiated by a number of situations throughout the academic year - health service visits, overdue library materials, and graduation fees, to name a few. Students are encouraged to monitor their accounts routinely by logging in to e-services with Tech ID and PIN, selecting Bills and Payment and Balance Due by Term. If there is an amount due, the details can be viewed by selecting Full Account Detail.
Accounts will be reviewed on February 15, 2010, for past due balances. Those with unpaid Spring Semester charges, excluding those with a current Nelnet/FACTS payment plan in place, will be subject to the Unpaid Balance registration hold and $50 late fee.
Student grant, scholarship and loan funds for spring semester are processed after the final registration and tuition obligation date of Friday, January 15, resulting in transactions that apply financial aid payments to University charges. Funds in excess of tuition, fees, room and board, textbooks and other eligible University charges are payable to students. The first scheduled direct deposit date for spring semester is Friday, January 22, 2010. Students are reminded to confirm deposit transactions with their financial institutions.
Subsequent student financial aid funds received by the University for spring semester are processed twice weekly throughout the semester.
Student Payroll Earnings Statements
Calendar Year 2009 Student Payroll Earnings Statements (Form W-2 and wage Form 1042-S) are in the process of being printed and mailed from the Minnesota State Colleges and Universities Tax Services Unit, and will be post marked by February 1, 2010. Individual campuses are required to allow the U.S. Postal Service to deliver the original tax form(s) before submitting requests for reprinted forms. Reprints can be obtained by contacting the Campus Hub, beginning February 2010.
Student Tuition Statements
Calendar Year 2009 Student Tuition Statements (Form 1098-T) are in the process of being printed and mailed from the Minnesota State Colleges and Universities Tax Services Unit, and will be post-marked by February 1, 2010. Individual campuses are required to allow the U.S. Postal Service to deliver the original tax form(s) before submitting requests for reprinted forms. Reprints for tax years 2004-2009 can be obtained by contacting the Campus Hub, beginning February 2010. Reprints of 1098-T Tuition Statements for tax year 2003 or earlier can be obtained by contacting tax@so.mnscu.edu.
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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.
