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Minnesota State University, Mankato

Minnesota State University, Mankato
Parents & Family

Money/Financial Aid

Page address: http://www.mnsu.edu/family/resources/financial.html

Parent Information - Understanding Financial Aid

 

Minnesota State Mankato provides a high quality education at affordable prices.

For information on tuition and fees, disbursing financial aid, and processing bills and payments contact:

Student Financial Services/Campus Hub
Minnesota State University, Mankato
120 Wigley Administration Center
Mankato, MN 56001
Phone: 507-389-1866
Toll-Free: 800-722-0544
MRS/TTY 800-627-3529 or 711

MavCARD

Your student's MavCARD serves the following purposes:

Campus Dining Card; Library Card; Athletic Game Card; Campus Recreation Center Card; Student Activities Card; Campus/City Bus Card; Vending Card (on campus); Photocopy Card (on campus); Door Access Card (on campus; Res Halls); ATM Card / PIN-Debit Card

Deposit MavCASH to your student's MavCard online.

 Scholarships

Minnesota State University, Mankato has generous donors making scholarship funds available. Eligibility criteria vary based on scholarship type. Information about scholarships available at Minnesota State Mankato.

 

Job, research, and internship opportunities

Encourage your student to take advantage of opportunities offered outside of the classroom. It not only enriches their learning experience, but also may provide some extra cash, too!

Important financial tips you may want to discuss with your student

  • Set a budget. Decide ahead of time how much you can spend each month on food, entertainment, and other expenses.
  • Financial institutions all offer different savings and checking accounts and services. Look for the one that best fits your needs for the lowest price.
  • Keep your checkbook register up to date. ATM and debit card receipts should be entered just like a check. Keep the receipts and check them against your statement each month.
  • Know the fees you’re charged each month, and be aware of additional fees you might incur for writing checks or using an ATM card. Deduct these when calculating your account balance.
  • Check your bank statements. It’s a good idea to read your statements and make sure all the transactions listed match your personal records.
  • Keep your financial information safe. Always know where you put your checkbook and/or ATM/debit card. If you ever lose a checkbook or card, let your financial institution know immediately.
  • Always pay your bills on time; missed payments can have a negative impact on your future ability to borrow money for things you might want later in life. Contact businesses to work out a plan and consider seeking advice from a financial professional.
  • If you work during the summer, you should always save as much as you can of your take-home income to meet the expenses you will have in the coming school year. Try to save 50 percent.
  • People in school come from a variety of backgrounds. Your real friends will understand that you may not be able to afford everything they can, such as going out frequently or taking trips. Many activities on campus are free.

Banking

Many students choose to continue banking in their hometown and rely on ATM machines and the Internet to manage their accounts. For students who would prefer to set up accounts in Mankato, there at two financial instituteions right on campus: