St. Cloud State University

• The Free Application for Federal Student Aid (FAFSA) is your first step in applying for all types of financial aid (grants, work, and loans) at SCSU. You must reapply for financial aid every academic year.
• There is no deadline to apply for financial aid. You can apply throughout the academic year. However, we recommend applying as soon as possible to maximize your chances of receiving all types of aid for which you may be eligible.
• All students, regardless of family income, can receive some type of assistance. You have certain rights and responsibilities when applying for and receiving financial aid.
• The SCSU Business Services Office located in the Administrative Services Building, Room 123, manages disbursement of all financial aid funds. Financial aid is generally disbursed two weeks after the semester begins.
• If the amount of your financial aid exceeds the amount you owe SCSU when financial aid is disbursed, the excess is given to you to use for educational expenses (which may include room, board, transportation, books) or to reimburse you for expenses already incurred.
• In order to have books for the first two weeks of class, you will need to purchase them using your own funds.
• Federal regulations require first-time Stafford Loan borrowers to complete loan entrance counseling. You may complete Stafford Loan entrance counseling on-line at: http://mapping-your-future.org/.
• Financial aid recipients are required to meet standards of Satisfactory Academic Progress. SCSU's Satisfactory Academic Progress policy for financial aid has three major components that are taken into account in determining a student's standing:
  • A minimum percentage of credits earned based on total SCSU credits attempted.
  • A minimum grade point average (GPA) requirement. GPA is calculated using only SCSU credits.
  • A maximum number of credits attempted. This includes all credits attempted at SCSU and credits accepted from other institutions regardless of whether aid was received. After you have attempted the maximum number of credits, you are no longer eligible to receive aid.

• Keep all copies of correspondence received from our office should questions arise later and you need to refer to the original correspondence.

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