Summer Financial Aid Information

 


Students may qualify for financial aid as a resource for summer term costs. While the availability of some programs differs for summer term versus the academic year (fall/spring semesters) and a separate financial aid award is provided for summer term, many of the processes are the same.

Summer term financial aid awards typically become available starting early April.

You will receive a financial aid award if you:

  • Register for summer term course(s), and
  • Have a completed and processed 2023-2024 Free Application for Federal Student Aid (FAFSA) with Minnesota State University, Mankato

It is recommended that you register for all summer term courses at once, regardless of start date. Enrollment changes may change your financial aid eligibility.

 

If you submitted a 2023-2024 FAFSA to a different school, please update your FAFSA with the Minnesota State Mankato school code 002360.

 

For the Summer 2024 term, there is a hard deadline of June 30, 2024 to submit your 2023-2024 FAFSA.  You will not be able to submit a new 2023-2024 FAFSA after June 30, 2024.

 

If you graduated from a Minnesota high school but do not meet the citizenship requirements to complete the FAFSA go to the Minnesota Office of Higher Education website for possible financial aid resources through the State of Minnesota.

To View and Accept Your financial aid awards

Note: When you log in to e-services navigate to the Financial Aid Awards page be sure the term displays as Summer 2024. If not, select Change Semester and select Summer 2024 from the drop-down menu, then click on the Change Semester button to see the message, “Semester successfully changed.” Then navigate back to the Financial Aid Awards page.

How Enrollment Impacts Financial Aid Eligibility

Summer term is equivalent to one academic semester.  Your eligibility is determined based on the number of credits for which you are enrolled, and is prorated for less than full-time enrollment. The financial aid cost of attendance (budget) is also initially set at the cost of attendance for the full 10-week period for summer term and may be decreased if the timespan for all courses is less than 10 weeks.

Undergraduate students must be enrolled in a minimum of 6 undergraduate level credit hours to qualify to borrow Federal Direct student/parent loans (Subsidized, Unsubsidized, Parent PLUS).

Graduate students must be enrolled in a minimum of 6 graduate level credit hours to qualify to borrow Federal Direct student loans (Unsubsidized, Graduate PLUS).

If you change your registration, your financial aid eligibility may change. If you receive financial aid and make enrollment changes that reduce your eligibility, you may be required to repay the University for funds returned to aid programs.

 

If you drop/withdraw/stop attending any of your courses during summer term and you are enrolled in a summer term course that has not yet begun, the University may be required to reduce your financial aid. 

 

Course Not Yet Begun

If you still plan to attend a course that has not yet begun, you must provide confirmation of your planned attendance in writing by sending an email from your University email account to the Campus Hub at campushub@mnsu.edu.  In the email, indicate your name, Tech ID or Star ID, and the name of the course(s) you will be attending that start later in the summer term.  If this email is not provided to the Campus Hub prior to the first day of the future course(s), the University will assume you are not attending the future course(s) and your financial aid may be reduced.

 

Enrolling at Another School

If you are planning on registering for summer courses at another school and you are seeking financial aid through Minnesota State University, Mankato for that course(s), a Consortium Agreement must be requested. This form is used to determine financial aid eligibility for courses that are applicable to your degree program at Minnesota State University, Mankato. The consortium agreement is approved on an individual, course-specific basis; no financial aid is disbursed to the student for enrollment at another school without an approved Consortium Agreement. Please refer to our website on Consortium Agreements for the form to complete and for more information.


Important Dates & Deadlines

Review all of the summer term important dates when they become available.

  • May 17, 2024  Federal Pell Grant eligibility is based on enrollment level as of the end of the fifth day of the semester
  • May 24, 2024  Disbursement of summer financial aid funds begins.
  • June 5, 2024  Deadline to submit appeals to reinstate financial aid suspended for failure to meet Satisfactory Academic Progress (SAP) Standards.
  • July 12, 2024  Deadline for all summer term federal Direct loans to be approved and certified.