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Minnesota State University, Mankato
Minnesota State University, Mankato

Announcements

Page address: https://www.mnsu.edu/campushub/announcements/

GradReady - a web-based modular financial literacy training program. GradReady is intended to help students make informed decisions about paying for college, manage their finances while enrolled, and successfully repay their student loans.

GradReady

GradReady

Summer Term Financial Aid

Find information about financial aid for summer term here.

Financial Aid Awards for 2017-2018 (07.05.2017)

Students with completed financial aid applications receive e-mail notices when their official financial aid award for 2017-2018 has been packaged, with most undergraduate awards being available by the end of June; graduate student awards will be packaged early July.

A “View Your Award Notification” link within the Financial Aid menu on Student e-Services provides information and guidance to navigate through the financial aid award response steps. Students can review award eligibility at various number of credits registered, make decisions regarding the amount of awarded funds to accept, authorize use of federal financial aid for all student account charges, provide additional information about private scholarships or other resources not reflected, and submit their award response.

As a reminder, the Institutional Budget (also known as Cost of Attendance) reflects the average cost for a variety of student educational expenses that are not all directly billed by the University. Students may accept, decline or reduce the amount they wish to accept of financial aid funds offered if they have other resources available or have lower than average costs. Refer to the Financial Aid Award Checklist for additional guidance.

Students who wish to check the status of their financial aid application may also log in at https://secure2.mnsu.edu/FinancialAid and/or contact the Campus Hub for more information.

Fall Registration Guarantee, Payment Dates (06.27.2017)

  1. Monday, July 31, 2017 is the Early Registration Guarantee Date for fall semester. Students registered through Monday, July 24, will need to meet minimum payment criteria by July 31 to guarantee their registration and prevent registration cancellation for non-payment.
  2. Friday, August 25, 2017, is the Final Registration Guarantee Date for fall semester. All students registered through Friday, August 25, will need to meet minimum payment criteria by August 25 to guarantee their registration and prevent registration cancellation for non-payment.
  3. 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.
  4. Monday, September 25, 2017, 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 Tuesday, September 19, is the last day to enroll in the final payment plan option through Nelnet/FACTS.


Monday, October 16, 2017 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.

Fall Semester FACTS Payment Plans (06.27.17)

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 19, 2017.

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 $24 per semester.

Students with active Nelnet/FACTS payment plans satisfy the minimum payment requirements for the Registration Guarantee Dates of July 31, 2017, and August 25, 2017, and protect their accounts from Registration Cancellation for Nonpayment; active payment plan status also prevents past due registration holds and semester late fees. More information

Financial Aid and Summer Short Courses (05.03.2017)

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.

Timing:
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 22) and your financial aid is ready to be processed, those funds will be included when the earliest process date for summer term occurs (May 27), 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 2).

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 22, 2017 May 27, 2017 June 2, 2017
June 5, 2017 June 6, 2017 June 8, 2017
June 19, 2017 June 13, 2017 June 15, 2017
June 26, 2017 June 20, 2017 June 22, 2017
July 3, 2017 June 27, 2017 June 29, 2017
July 17, 2017 July 11, 2017 July 13, 2017

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.

 

FAFSA Filing for 2017-2018

The 2017-2018 Free Application for Federal Student Aid (FAFSA) is available and uses 2015 federal tax information. 

Questions?

  1. Watch our Financial Aid TV playlist
  2. Contact us at the Campus Hub

Minnesota State University, Mankato’s school code is 002360

Set up Proxy Bill Pay through eServices

Students can assign proxy access to designated individuals to view University account information and make payments on the their behalf. A student who wishes to provide this access can do so by logging in to 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

Direct deposit saves time, money

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.

Students set up their authorization to their bank account through the e-services Direct Deposit Setup function found under either the Financial Aid or the Student Employment menus. This setup screen can also be viewed to confirm the accuracy of bank account information for a current direct deposit authorization.


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