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Minnesota State University, Mankato
Minnesota State University, Mankato

Financial Aid Disbursement for Summer Term

Page address: http://www.mnsu.edu/campushub/programs/disbursement_summer/

Short Courses & Start Dates

As a summer term student, it is vitally important to be aware that the start dates of courses affect financial aid, in regard to both the timing of when you receive these funds and the amount of funds you can receive. It is also important to know that if you are eligible for Federal Pell Grant funding, you must be registered in all your courses by the 5th day of summer term to receive those funds. Course registrations that occur after the 5th day of summer term are not eligible for Pell Grant funding.

Timing for Summer Term 2018

Financial aid is processed throughout summer term. When your financial aid is ready, at least one of your courses must have already begun or must be scheduled to begin within the next 10 days in order for the University to apply your federal & state aid and student loans to your account charges and issue a payment to you for the excess funds, if any. For example, if at least one of your classes begins on the first day of summer term (May 21) and your financial aid is ready to be processed, those funds will be included when the earliest process date for summer term occurs (May 26), and if the total financial aid exceeds your student account balance, the direct deposit payment to you will be scheduled to occur on the earliest disbursement date for summer term (June 1).

The following table is provided to further illustrate this concept:

If at least one of your courses begins by: The earliest possible date your financial aid can be applied to your account is: The earliest possible direct deposit date for excess funds (if any) is:
May 21, 2018
May 26, 2018
June 1, 2018
June 4, 2018
June 5, 2018
June 7, 2018
June 18, 2018
June 12, 2018
June 14, 2018
June 25, 2018
June 19, 2018
June 21, 2018
July 2, 2018
June 26, 2018
June 28, 2018
July 16, 2018
July 10, 2018
July 12, 2018

 

Amount

Your financial aid budget, also known as Cost of Attendance, includes tuition & fees as well as amounts for textbooks and living expenses. The full length of summer term is 10 weeks. When you are enrolled in courses that span the entire length of summer term, your financial aid budget will reflect amounts that cover the full 10-week time period; enrollment in courses that span less than the full 10 weeks (short courses) will result in a review of your overall financial aid budget. This may affect the amount of aid you are eligible to receive; you will be notified if any adjustments are required.

Additionally, 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 term.

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:

  1. If you plan to attend the short course that has not yet begun, you must submit written confirmation immediately so the appropriate financial aid eligibility can be determined for you.
  2. Written confirmation is given by completing the online form.
  3. If you do not plan to attend the short course that has not yet begun, you should drop that course through the e-Services registration site. Please note that dropping a course may also affect your financial aid eligibility.

Without written confirmation from you indicating plans to attend a future short course in the semester, even if you are registered for that future short course, the University is required to determine the financial aid reversal amount assuming you will not be attending short courses that have not yet begun.