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Parent/Guardian Financial Aid Timeline

This timeline is for parents/legal guardians of dependent students who are attending MSU in the fall semester.
The financial aid process begins the school year before enrollment. For example, if your student plans to begin MSU in fall 2021, then his/her financial aid process can begin as early as Oct. 1, 2020.
 
  • The MSU Office of Financial Aid begins processing FAFSA applications (for all students).
  • Through their MSU e-mail account, students will receive an e-mail informing them that their school’s Financial Aid Office has received their FAFSA. 
  • The MSU Office of Financial Aid will begin sending official award notifications to first-time freshmen only.
  • First-time freshmen who have already submitted their FAFSA and completed any outstanding financial aid requirements should begin checking their MSU email account for an official offer letter notification.
  • Students should review and evaluate their financial aid offer letter and, if desired, accept any resources offered on the MyMoreheadState account to help meet the cost of attending MSU. In the event a federal student loan is needed, three steps are required: 1) Accept the Award on MyMoreheadState account, 2) Complete Entrance Counseling on the studentloans.gov website, and 3) E-sign the Master Promissory Note on studentloans.gov.  
  • Continuing students - Students selected for verification can begin submitting their documents to KHEAA Verify for the new academic year.
  • New students - Students selected for verification can begin submitting their documents to KHEAA Verify for the new academic year once they have attended a SOAR event. (SOAR is a one-day program where students will register for classes, have their photo taken for their EagleCard [student ID], sign up for a meal plan and complete tasks to prepare student for their first semester.)
  • A large portion of the online scholarships close. (Please review your online scholarship application to see specific deadlines.)
  • Continuing students’ SAP status (for next applicable semester) is evaluated after Spring semester grades have been posted. Students not making Satisfactory Academic Progress (SAP) will be notified.
  • Students should begin reporting all outside scholarship awards to the MSU Office of Financial Aid at finaid@moreheadstate.edu. Please include student’s name, MSU ID number, who the scholarship is from, the amount of the scholarship, and which terms the scholarship should be applied. Example: Jane Doe, M0000000, The Southwest Onyx Scholarship, $5000, $2500 each semester.
  • The majority of scholarships on the online application that did close on March 15th close. (Please review your online scholarship application to see specific deadlines.)
  • Students can view Fall semester charges on Self-Service through their MyMoreheadState account.
  • Parents of first-time freshmen dependent students may apply for a Federal Direct Parent Loan (PLUS). The application is available in our office and online for parents to print and complete. If credit is approved for the PLUS Loan, the parent must e-sign a Master Promissory Note (MPN) at studentloans.gov. If an endorser (co-signer) is required, the parent must complete PLUS Credit Counseling at studentloans.gov, and the endorser must complete the Endorser Addendum at studentloans.gov.
  • Parents of continuing dependent students may apply for a Federal Direct Parent Loan (PLUS) at studentloans.gov. If credit is approved for the PLUS Loan, the parent must e-sign a Master Promissory Note (MPN). If an endorser (co-signer) is required, the parent must complete PLUS Credit Counseling, and the endorser must complete the Endorser Addendum.
  • Accepted financial aid awards will show as a credit towards the student’s outstanding balance and can be taken into consideration when determining any remaining amount the student may owe with the exception of work-study.
  • Student should review their Self-Service Student Finance account making sure they select the current year. Students should complete their Financial Agreement as soon as possible. The deadline to complete this process is on the last day to add/drop classes (one week after classes begin).
  • Students should set up a direct deposit option on their Student Finance Self-Service account. This will be used for both work-study payments and refund disbursements (if applicable).
  • New & Transfer students - Once students have made their school selection, they should notified other schools that they will not be attending their school and remove that school from your FAFSA application.
  • Student should review their Self-Service Student Finance account making sure they select the current year. Students should complete their Financial Agreement as soon as possible. The deadline to complete this process is on the last day to add/drop classes (one week after classes begin).
  • The first weekly disbursement cycle begins, and the first round of residuals is released.
  • Students whose disbursement of aid exceeds the total charges on the account may receive a residual (refund).