We recommend you monitor your financial aid progress through MyU: My Finances.
Review the information below to better understand the five steps of financial aid.
Step 1. Apply for Financial Aid
Complete a Free Application for Federal Student Aid (FAFSA). The school code for the University of Minnesota, Morris is 002389.
It is in your best interest to file the FAFSA before the priority filing date at each school you are considering. Some financial aid programs have limited funding and deadline requirements.
- Priority deadline for incoming freshmen: January 1
- This is the deadline to ensure that new, incoming freshmen receive an estimated financial aid award prior to the May 1 enrollment confirmation deadline.
- Priority deadline for returning students: April 15
Step 2. Complete additional documentation
You will receive a request from the school for additional documentation by mail or email if anything is required. Step 2 must be completed before you can receive an official financial aid award notice.
You can view your To Do List through your Student Center.
Step 3. Financial Aid under review
Your financial aid may remain at step 3 until the University Board of Regents finalizes the cost of attendance for the new year (mid-July). You will be notified when your Financial Aid Award Notice (FAAN) is available.
Step 4. Complete any required loan documents
If you accepted federal loan(s), you will need to complete all required documents (promissory notes, counseling and disclosures) before the loans can be disbursed.
Parents wishing to borrow a PLUS loan need to complete the PLUS Active Confirmation Form, and complete the PLUS Master Promissory Note before the funds will disburse to your student’s account.
If you are applying for a private loan, you will need to complete all documents required by the lender you have chosen.
Step 5. Disbursement of funds
Financial aid will begin to disburse approximately one week prior to the start of the semester and continue to disburse throughout the semester, if applicable. You will have a credit balance on your student account if your financial aid exceeds the university charges on your student account. Sign up for direct deposit to receive your credit balance electronically.
You will be sent an email to your University account indicating that your financial aid has been disbursed.