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Steps in Applying for Financial Assistance

Steps in Applying for Financial Assistance

Steps in Applying for Financial Assistance- Graduate Students
  1. Complete the Free Application for Federal Student Aid (FAFSA) in February of each year, to meet the application priority date of May 1. To apply for financial aid each year, the student will need his/her most current federal tax return. Dependent students will need their parent's most current federal tax return and income information.
  2. Check your email account that you provided on your FAFSA often and promptly respond to all requests from the MSU Office of Financial Aid. Applications will not be completed until all necessary forms are received. Students should allow the Office of Financial Aid up to six weeks to process and complete his/her financial aid application. Once this process has been completed, students will be emailed an Award notification if he or she is in good academic standing. Click on our SAP Policy Satisfactory Academic Progress link for more details.
  3. Apply for admission at the Office of Admissions & Recruiting.
  4. Meet enrollment requirements.
    • Graduate students are eligible for Student Employment and Loan(s) only.
    • Graduate students must be enrolled at least half-time (6 hrs) or more in graduate level courses at the time of disbursement each semester to be considered for graduate level federal student loan award.
    • Financial aid is initially awarded based on full time enrollment for the fall and spring semesters (half time for the summer semesters) and will be adjusted to your actual enrollment once enrollment is final for that term.
    • A student must be in a degree seeking or eligible certificate program and taking courses for credit hours applicable towards your degree to be considered for financial assistance. Please click on Courses Not Eligible for Federal Assistance link for more information.
    • Financial aid may be paid for repeated coursework previously taken in the program but may not include more than one repetition of a previously passed course.
    • Students enrolled in eligible certificate programs will be awarded based upon undergraduate annual and aggregate loan limits. Not all certificate programs are eligible for federal financial assistance.
  5. Must have received credentials. A student must have earned a high school diploma, GED or completed a State approved homeschool program. For more information regarding student eligibility, please click on Ability to Benefit link.
  6. Transfer students with prior college work should request that their complete official transcript from each college attended be sent directly to the MSU Office of Admissions and Recruiting. Transfer students classification for federal financial aid is based on the amount of earned credits that are listed in Banner. If your transfer credits have not been reviewed and accepted your loan will be processed based on the amount of earned hours in Banner.

Log into your Banner Self Service and then click on the Student & Financial Aid link to monitor your financial aid status.

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