“How to” for Finances/Money

Last Updated: 08/28/06

How to Apply For Financial Assistance

Complete the 2005-2006 Free Application For Federal Student Aid (FAFSA) online at http://www.fafsa.ed.gov.
It is best to have all of your Financial Assistance completed by the end of the summer prior to the start of school each year.
The deadline to apply for Fall Financial Assistance is November 15, 2005.
After completing the FAFSA, you will receive your Student Aid Report in the mail. Further information may be requested. Bring the form to Student Financial Services to be processed. Do not send it back on your own.
If you are eligible, you may receive government grants. You will receive an Award Letter informing you of your award.
You may need to apply for a Student Loan. You must complete the steps above to apply for a loan. See steps below for additional instructions.

Fill out a FAFSA and complete the verification process, if required, as listed above.
Fill out the Student Loan Packet and submit it to Student Financial Services for processing. If you are a first-time borrower at MBU, you must also complete an entrance interview online at www.mapping-your-future.org.
Go to class. You must attend classes in order to qualify for federal aid!
If you borrow more than is necessary to pay off your account, you have the option of letting the credit “roll over” to the next semester, or you can apply for a refund with the Student Financial Services Office by filling out a Blue Sheet (Request for Refund Form).

Enrollment Verification can be provided for insurance companies or loan deferments.
Students may request an Enrollment Verification Form from the Records Office with or without the furnished form from the loan agency or insurance company. All agencies are different and have different requirements. Please contact your loan agency or insurance company for specific details regarding the necessity of the supplied form.
Students must provide the Records Office with the address to which the deferment or verification information should be sent.
Please be aware that enrollment verifications will only be provided for semesters during which you were, or are, “officially” registered.