Financial Aid Steps Overview

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Admittance to University

Apply for admission to the Minnesota State Mankato

Apply for FAFSA

Each year, beginning on January 1st you can apply for the next academic year. March 15th is the priority processing date.

Student Aid Report

The federal government sends you a Student Aid Report. It shows your Estimated Family Contribution (EFC), as determined by FAFSA analysis.You will receive via email your Student Aid Report from the Federal government a few weeks after FAFSA application is submitted.

Financial Aid Status

Check your Financial Aid Status.

Award Notice

An email is sent from Student Financial Services ( to the student when eligibility for financial aid awards has been determined. The student is given instructions on viewing the award information on Student eServices; the student will also be guided through the response process to indicate his/her decisions to accept, reduce, or decline certain aid types.

Student Response to Awards

Grants and scholarships will not require acceptance; access to work-study and student loan funds requires that certain steps be completed. You must also notify the Student Financial Services of any scholarship or other educational funds you will receive from external sources if they are not listed.

Accepting Awards

Direct Deposit

Minneosota State Mankato utilizes direct deposit to reduce costs to the student and university and for speedy delivery of funds. Verify or signup for Direct Deposit (for any overage of financial aid)

Disbursement of Financial Aid

Tuition and Fees, Room and Board are first paid to the University with your financial aid award. If the financial aid processed exceeds your University charges, it will be disbursed to you via direct deposit. Aid is processed throughout the semester and overage payments are disbursed beginning on the 10th class day. Email notifications will be sent to you regarding your disbursement amounts - indicating a "Payment to Student".

Special Circumstances

Certain financial and life circumstances may change your financial aid after you have applied for financial aid.

Budget Adjustments

The Budget Adjustment Request process reviews certain costs students may incur which are either not covered or exceed the amounts covered in the financial aid cost of attendance.

Contact the Campus Hub for Help

Centennial Student Union 117
Telephone: 1-507-389-1866
1-800-722-0544 (V)