Applying for Financial Aid

Financial aid is available to new students, current students, and transfer students through a combination of loans, grants, scholarships, and employment. Financial aid is awarded regardless of sex, race, religion, color, creed, or national origin. The following procedure should be followed by those students who wish to apply for various types of financial aid:

1. Apply for admission to the colleges of your choice. Contact the school’s Financial Aid Office to determine information about college costs. The FAFSA (Free Application for Federal Student Aid) is the financial aid application form used by Mayville State University.
2. Parents and students should need a completed federal tax return from two years prior to beginning an academic year. To avoid problems or delays in receiving financial aid, using estimated income data is not recommended. Students have a number of options regarding the completion of the Free Application for Federal Student Aid (FAFSA):
   1. Apply and make corrections through the Web by accessing: www.fafsa.ed.gov or
   2. Request a paper FAFSA by calling 1-800-433-3243 or download from https://fafsa.ed.gov/options.htm This form must be completed and mailed to the FAFSA processor as indicated on the form.
   3. Returning students will receive a renewal reminder by e-mail from the federal government directing you to complete the FAFSA online.

The identification code number for Mayville State is: 002993

1. If help is needed in completing the FAFSA, ask your high school counselor, principal, or call the Financial Aid Office. The FAFSA or renewal application will be easier to fill out with a copy of the completed tax return for reference.
2. When filling out the FAFSA, application is made automatically for all of the federal programs. Students may have the results of the processed FAFSA sent to a maximum of ten (10) schools or agencies.
3. The Student Need Analysis Service uses the Federal Needs Analysis Methodology Formula to calculate how much each student and his/her family can afford to contribute. Within one week after the FAFSA is processed, a notice will be sent to the student by e-mail instructing you to review the processed FAFSA at www.fafsa.ed.gov. The information should be checked carefully and any necessary corrections made. If corrections are made, the FAFSA must be reprocessed. The schools designated on the application will receive information at about the same time that the student receives his/hers.
4. Once a student has been admitted to Mayville State University and the Financial Aid Office has received the results of the FAFSA, the application will be reviewed and a request for additional documents to complete the file may be made. The FAFSA EFC number will determine eligibility for financial aid. Once a determination has been made on the eligibility for financial aid, the student will be offered aid based on the student’s eligibility for institutional and federal funding. The opportunity to accept/reduce or reject this award is available on the Mayville State University campus connection at that time.
5. If federal appropriations fall short of anticipated dollars, student aid will be reduced proportionally. It is not always possible to give students the amount or type of aid requested. Federal regulations and appropriations frequently make it necessary to combine several kinds of financial aid to best meet the needs of the applicant.

Checks are disbursed to students in the Business Office on a semester basis. Students will receive 1/2 of their total award each semester. Students in the work-study program will receive those funds semi-monthly as they earn them.