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Financial Aid :: Types of Financial Aid Available

Grants

Federal Pell Grant (PELL)

For many students, Pell Grants provide a foundation of financial aid to which other aid may be added. This is a grant and does not have to be repaid. The grant is available to undergraduate students who have not earned a bachelor's or professional degree. Grants may be awarded to students enrolled full-time, three-quarter-time, half-time, and less-than-half-time.

Federal Supplemental Educational Opportunity Grant (SEOG)

The purpose of the SEOG program is to provide grants to undergraduate students with exceptional need to help pay for their post-secondary education. This is a grant and does not have to be repaid. There is no guarantee every eligible student will be able to receive an SEOG grant--students at each school are paid based on availability of funds. The priority deadline is April 15th!

North Dakota State Grant

This grant is for North Dakota residents only. Awards are $600 for a full academic year. Eligibility is to those who show financial need, meet the April 15th deadline for completing the FAFSA, and are enrolled full-time at an eligible college in North Dakota.

Loans

Federal Perkins Loan

A loan with an interest rate of 5 percent is awarded to students who show need for assistance and who meet the April 15 priority deadline. Repayment of principal and interest begins 9 months after termination of studies. Up to 100% of this loan may be canceled if the students meets certain conditions, such as teaching in specified low-income schools.

Federal Stafford Loan (Subsidized)

Federal student loans are either subsidized or unsubsidized with a variable interest rate. The federal government pays the interest on subsidized loans while you are in school. The student pays the interest on unsubsidized loans--even the amount that accrues while you are in school.

The Federal Stafford Subsidized Loan is awarded on the basis of financial need, which is determined by the information you submitted on the Free Application for Federal Student Aid (FAFSA). The federal government pays the interest on this loan until you begin repayment. The student begins repayment on this loan six months after leaving school.

STUDENTS WHO ARE AWARDED A FEDERAL STAFFORD LOAN (SUBSIDIZED OR UNSUBSIDIZED) HAVE THE RIGHT TO CANCEL ALL OR A PORTION OF THEIR STUDENT LOANS WITHIN 14 DAYS OF DISBURSEMENT.

Federal Stafford Loan (Unsubsidized)

Students who are not eligible for subsidized Stafford Loans may be awarded the Unsubsidized Stafford Loan. This loan is not need-based, has a a variable interest rate, and may be used to replace the expected family contribution. Students are responsible for the interest on the loan from the time of disbursement with repayment beginning six months after leaving school.

Parent Loan for Undergraduate Students (PLUS)

Parents may be able to borrow low interest educational monies for their children to attend college. The amount of the loan is limited to the cost of education at the college minus any financial aid the student is receiving. Repayment begins 60 days following the disbursement date on the check.

Student Employment

Federal Work Study

This program provides jobs for undergraduate students with financial need, allowing them to earn money to help pay educational expenses. Students are paid by the hour and will be paid once or twice a month, usually at federal minimum wage. The average work study award at MSU-Bottineau is $1200.

Part-time Employment

A limited number of part-time positions are available for students. These positions are given to early applicants.

Scholarships

MSU-Bottineau offers a variety of scholarships each year, including scholarships for academic performance, achievements, and athletics. The amounts and the number of scholarships given vary from year to year. Applications are available from our office upon request.

Waivers
MSU-Bottineau offers two waivers to students who meet certain criteria:

International Student Tuition Waiver

Cultural Diversity Tuition Waiver

Contact the Financial Aid Office for more information.

Satisfactory Academic Progress for Financial Aid Eligibility

Scholarship Application (in Word)

Applying for Financial Aid

Types of Financial Aid Available

Links to Financial Aid Sites

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