Apply for financial aid as soon as possible and before JULY 1 for priority processing. It's free and it's easy!
Already did this for another college? Add M State to your completed FAFSA.
If you complete your financial aid file at another school and later decide to attend M State during that same year, you must also complete your financial aid file at M State. Financial aid does not transfer from one institution to another. To get your financial aid process started at M State, you must add the 005541 school code to your processed FAFSA. To process the change electronically:
If you attend a college after July 1 and then transfer to M State, you will need to complete a Verification of Enrollment form and may be required to obtain a transcript from the college you are transferring from. You will also be required to cancel any further financial aid that was awarded by that college. You will receive an email with directions to access necessary forms within two weeks from adding M State to your FAFSA.
Several times throughout the year, M State offers free help sessions for anyone who needs assistance with completing the FAFSA (Free Application for Federal Student Aid), which is required for students seeking financial aid.
You must first set up an FSA ID (Federal Student Aid ID) AND come prepared with the documents specified in the two downloads below (Items needed for FAFSA completion and FSA ID slip) or you will be required to reschedule:
Preregistration is required via the online FAFSA Session Registration below.
*Please note the following:
2018-19 applications require 2016 tax information.
2019-2020 applications require 2017 tax information.
Please come prepared for your session, by creating an FSA ID and Password ahead of time. If you are a dependent student, your parent will also be required to create an FSA ID and Password. Refer to the following form, in preparation of your FAFSA session:
Once you've received your award letter, you may begin the loan application process. Please remember to borrow only what you need, even if you're eligible to borrow more. You're going to have to pay this back after you leave school.
Federal Direct Subsidized/Unsubsidized: To begin the loan application process, review your award letter at SpartanNet>E Services>Financial Aid>Loans. You will need to specify the amount you wish to borrow and will be required to complete the following prerequirements:
Please have the following things ready when you complete your Master Promissory Note.
If you have problems electronically signing your Master Promissory Note for Direct Loans, assistance can be obtained at Direct Loan Applicant Services at 1-800-557-7394.
Federal Direct Loan Limits
1st year $5,500
2nd year $6,500
Parent Loan for Undergraduate Students (PLUS): Your parent will complete a paper application and sign the electronic Master Promissory Note for PLUS Loan. Your parent will need an FSA ID, driver's license number and names and addresses of two personal references from two different households. Once the credit check has been approved and M State has documentation that the parent has signed the Master Promissory Note, the loan will be disbursed following the schedule set by the college. If a Parent Loan application is not approved, additional unsubsidized loan funds could be available.
Alternative and private loans: These are loans to help pay for your education and are intended to be used only after all eligibility for Federal Direct and PLUS loans has been exhausted. Minnesota State Community and Technical College does not endorse any one particular lender. We do provide the service of FASTChoice to assist with education and comparison of lender loan options such as interest rates, fees, repayment terms and application instructions. You will be provided with a historical list of lenders from which Minnesota State Community and Technical College students have borrowed in the past three years.
If you determine you need to apply for an Alternative Loan, please go to: FASTChoice.
Last modified: April 16th, 2019 at 11:36am