Financial Aid Policies
- Any program with less than 16 credits is not eligible for aid.
- An eligible major must be declared in order for a student to be eligible to receive financial aid.
- Financial aid is available for summer term provided the student has not fully utilized his/her aid eligibility for the current academic year.
- Test outs and audit classes are not funded by financial aid.
- Students that are getting their degree/certificate and financial aid from Minnesota State College Southeast and wish to take courses at another institution and have those credits included as part of their credits at MSC Southeast need to complete a Consortium agreement.
- Financial Aid Personnel Code of Conduct (Download PDF)
Minnesota Residents: FAFSAs must be received by the Federal Central Processing System within 30 calendar days of the semester start date in order to be eligible for a possible Minnesota State Grant.
Withdrawal from College/Return of Title IV Funds
If a student completely withdraws from all credits or stops attending for a term before the 60% point of that term, the financial aid disbursed is subject to the Federal Return of Title IV Funds. Students 'earn' financial aid in proportion to the time they are enrolled up to the 60% point. The unearned share of financial aid is returned in the following order: Federal Unsubsidized Stafford Loan, Federal Subsidized Stafford Loan, PLUS Loan, Federal Pell Grant, Federal SEOG. The student may need to repay a portion of financial aid they have received.
NOTE: If a student withdraws before his/her financial aid is disbursed, the student is responsible for the tuition due to the College.
- Receive sufficient information to understand financial aid policies and procedures.
- Apply for and receive fair and equitable consideration for financial aid based on eligibility and availability of funds.
- Discuss eligibility with a financial aid staff member.
- Request consideration for unique or extenuating financial circumstances.
- Appeal decisions regarding eligibility including suspension.
- Request information regarding his/her loan indebtedness and repayment options.
- Read and respond to all information from the Financial Aid Office in a timely manner.
- Be informed about application processes and eligibility requirements and apply annually by published deadlines.
- Maintain Satisfactory Academic Progress as defined by the Financial Aid Office.
- Consult with the Financial Aid Office before changing enrollment.
- Drop classes by going online.
- Inform the Financial Aid Office and/or bookstore of receipt of any third party scholarships.