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Financial Aid FAQ

Application Process

Types of Financial Aid

General Information/Billing

Summer Financial Aid

Forms and Contact Information

Answers

Application Process

What can I do if my parent(s) is/are unable to meet their parent contribution?
Parental contribution is not an actual amount that your parent(s) has (have) to pay. Instead, it is an approximation of how much your parent(s) should reasonably be able to contribute toward your educational expenses over the course of the academic year. If your parent(s) is (are) unable to contribute toward your educational expenses, you and your parent(s) can apply for a federal or a private loan.
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My family's circumstances have changed since we filed the FAFSA. Can UMD take these changes into consideration?
Please refer to our special circumstances guide or contact the One Stop Student Services for more information.
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I am a UMD student. Can I receive financial aid while attending another University of Minnesota campus?
Yes, providing you meet the general eligiblility requirements. You need to complete an Multi-Institutional Student, Attending Another U of M Campus Application in order to register at another campus. Please see Attend Other UM Campus (Multi-Institutional Registration).
If you intend to be enrolled on a different UM campus for more than one semester, you need to complete an Change of College, Undergraduate Application, available online or at your collegiate advising and academic services office. Mail the form to the campus to which you wish to transfer. You will also need to reapply for financial aid at the campus you are transferring to. Contact the One Stop Student Services for further information on transferring to another university.
IMPORTANT NOTE: You cannot receive financial aid for audited coursework and extended term online telecommunications and correspondence courses.
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I do not live at home with my parents and they do not contribute toward my college expenses. Can I be considered an independent student?
Refusal of a parent or stepparent to provide support is not considered an unusual circumstance for purposes of achieving independent status for financial aid. The fact that you do not live with your parents and do not receive support from them does not constitute independence. Being self-supporting, in and of itself, is not sufficient reason for independent status. Please refer to our dependency status guide for more information or stop by the One Stop Student Services.
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Can I apply for financial aid during the school year?
Yes. It may take over a month for UMD to receive your FAFSA from the Federal Processing Center and complete the verification process. For you to receive a Minnesota State Grant for a term, the Federal Processing Center must receive your FAFSA within 30 days of the school's term start date. You may lose eligibility for other awards if you apply late. You cannot receive federal and state financial aid if the semester you are applying for has ended.
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How many credits do I need to receive financial aid?
The amount of financial aid you receive will depend upon the number of credits you take. If you qualify for Minnesota State Grant you will need 15 credits to receive the full amount. For all other awards you will need to be enrolled full-time to receive the entire amount.
If your registration is less than full-time, or if you do not attend UMD both semesters, your award(s) will be reduced or cancelled. For more information, please see eligibility requirements.
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Do I need to report any outside scholarships I get?
You must report additional aid sources not awarded by the financial aid office. You can report these sources on the electronic FAAN (eFAAN), or notify One Stop Student Services. Your financial aid package may be adjusted if you receive additional scholarships or assistance from any source (e.g., Division of Rehabilitation Services (DRS), Regents Scholarship, Graduate Tuition Reimbursement, VA benefits, etc.)
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I am thinking of withdrawing from some classes. What is going to happen to my financial aid?
Before you drop any classes, make sure you read and comply with the appropriate refund schedule. Stop by Solon Campus Center 23 or call 218-726-8000 to learn how this will affect your financial aid. Financial aid eligibility is recalculated for students who withdraw, drop classes, or are dismissed. Depending on when you withdraw or drop from classes during a semester, you may be eligible to receive a refund of tuition and course fees. However, if you receive financial aid, you, as well as the Office of Financial Aid, may be required to return to the federal government all or a portion of the aid disbursed to you and/or to your student account. Please refer to the refund policy for additional information.
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Types of Financial Aid

My federal financial aid is not enough to cover my expenses. What other funding is available?
You may be eligible for some scholarships, as well as state and private educational loans.
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What is Work-Study?
Please see the Work-Study section of our website.
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General Information/Billing

When does financial aid pay?
If your file is complete and you have registered for classes, your aid should credit to your student account on scheduled disbursement dates. Federal regulation prohibits the disbursement of aid earlier than these dates. We suggest you plan ahead to cover expenses which are due before the beginning of each term (e.g., books, supplies, rent for off-campus housing).
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What happens if my financial aid covers more than my tuition and fees?
Financial aid will be used to pay all charges on your student account. If excess funds remain in your account, UMD will mail you a surplus check. You can also set up a direct deposit for your refund with Student Accounts Receivable.
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Can I receive financial aid for my past due bill from last semester?
Due to application deadlines and limited funding, you may lose eligibility for most financial aid awards if you apply after the semester is over. If you have a past due balance and are applying after your loan period has ended, you might be eligible for an alternative (private) education loan through CitiAssist, US Bank loan, or another lender. You may apply for the exact amount owed to UMD for tuition and fees, as of the date we receive your application, plus $300.00. Please contact the One Stop Student Services for more information.
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Summer Financial Aid

On my FAFSA, I did not indicate that I am going to attend summer. Do I need to make a correction on my FAFSA?
No, you do not need to make a correction.
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Forms and Contact Information

The Office of Financial Aid and/or the Office of the Registrar is requesting some forms from me. Where can I find the forms?
You can print most of our forms from our website. If you need other forms, please stop by One Stop Student Services, 23 Solon Campus Center, or call us at (218) 726-8000.
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Who should I contact if I have any questions?
Please contact the One Stop Student Services.
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