Financial Aid

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FINANCIAL AID

Most federal student aid applicants will be eligible for some form of financial assistance through the federal student aid programs regardless of demonstrated financial need. 

 

 

FAFSA Form MS Aid Application

Financial Aid Overview

Student financial aid is financial assistance to help cover the cost of your college education. It includes scholarships, grants, loans, work-study programs. Financial aid is meant to supplement not replace the financial resources you and your family can provide toward your education.

Understanding Financial Need

Most financial aid is awarded based on demonstrated financial need, calculated using FAFSA data. However, some loans, such as the Federal Direct Unsubsidized Loan, Parent PLUS Loan, and Grad PLUS Loan, are available regardless of financial need.

 

How Federal Aid is Calculated How Federal Aid is Determined

Types of Financial Aid

  • Grants: Money that does not need to be repaid.
  • Loans: Borrowed money that must be repaid with interest.
  • Work-Study: Part-time employment to help cover education costs.
  • Scholarships: Merit-based or need-based awards that do not require repayment.

Federal Aid Options Non-Federal Aid Options

How to Apply for Federal Financial Aid

  1. Submit the Free Application for Federal Student Aid (FAFSA) each year.
  2. Submit any additional required documents.
  3. Check your financial aid award package.
  4. Accept or decline your aid in myState.
  5. Maintain eligibility by meeting good SAP and enrollment requirements.

FAFSA Deadlines:

  • Final Deadline 2024-2025: June 30, 2025
  • Final Deadline 2025-2026: June 30, 2026

Start Your FAFSA Application FAFSA & Verification Process

General Eligibility Requirements

  • Be admitted into a degree program, Exceptions to this Policy.
  • Be enrolled in eligible coursework.
  • Be enrolled in the correct number of credit hours. Learn More About Enrollment and Financial Aid Eligibility.
  • Be a U.S. citizen or eligible non-citizen.
  • Maintain Satisfactory Academic Progress (SAP).
  • Not be in default on a federal student loan.
  • Not borrowed in excess of annual or aggregate limits of federal student loan.
  • Not owe a refund or repayment on a federal grant.
  • Use aid funds only for educational purposes.
  • Meet other requirements as specified by federal, state, and institutional regulations and policies.
  • Incarcerated students have limited eligibility but may be eligible for federal student aid, Learn More. 

More About Eligibility Requirements

Scholarship and Financial Aid Links

Financial Aid

Scholarships