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Financial Aid Award Year
Students can receive financial aid at any point during the academic year. Millersville University 's academic year consists of two 15 week terms as well as the summer session. For 2008-09, the fall semester begins on August 25, 2008 and ends on December 13, 2008 . The spring semester begins on January 12, 2009 and ends on May 2, 2009 . Summer sessions begin on May 12 and ends on August 15, 2008 .
Full time awards are based on a minimum of 12 credits per semester, 24 per year for undergraduates and 9 credits per semester, 18 per year for graduate students.
January
- File parents’ and student’s federal tax returns early. Keep
copies of EVERY document sent to the IRS (1040, all schedules,
W-2’s, etc). The Office of Financial Aid may require these for
verification.
- The Free Application for Federal Student Aid (FAFSA)
is the main application needed to apply for aid at Millersville
University.
- Students interested in a Federal Stafford Loan, who have not
previously had one, must also complete a Master Promissory Note
(MPN), which MU Office of Financial Aid will pre-certify, in addition
to the FAFSA.
NOTE: Non-PA residents should contact
their state’s higher education assistance agency to apply for a
state grant from their home state. See the United
States Department of Education State Higher Education Agency Listing
for contact information.
- Spring semester classes begin.
- Drop/add
begins – drop classes the first five days of classes; add classes
the first seven days using a drop/add card (obtained from the
Registrar’s Office) with signatures from professors.
- Disbursement of approved financial aid and refunds of excess
aid are mailed to the student’s campus address.
- Upon return to MU for Spring term, visit MU Office of Financial
Aid for MU Scholarships.
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February
- File the FAFSA early. Priority filing deadline is March 15 to
be considered for campus-based aid (Perkins loan and SEOG grant)
for the most needy students.
- Deadline for MU Office of Financial Aid scholarships.
March
- File the FAFSA early. Priority filing deadline is March 15 to
be considered for campus-based aid (Perkins loan and SEOG grant)
for the most needy students.
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April
- Watch the mail for the Student Aid Report (SAR), if you filed
using the paper FAFSA. It should arrive approximately 4-6 weeks
after filing the FAFSA. If you filed online, you should receive
your SAR in approximately 2-4 weeks after filing the FAFSA. If
you provided an email address on the FAFSA and filed online, you
will receive and email with a link to your SAR on the Web no longer
than 5 days after submitting the FAFSA. The SAR is the Department
of Education’s reply to your submitted FAFSA and summarizes your
financial aid eligibility for any federal programs. Read it thoroughly
and make any necessary corrections. If no corrections are necessary,
keep it for your records. [If you send the SAR back to the processor
for corrections, a revised SAR will be sent to you and electronic
corrections are sent to the school (if you listed Millersville
as one of your school choices). Review the corrected SAR and keep
it for your records.]
- Your financial aid application may be selected for a process
called verification. The federal government selects 30% of all
students who apply for financial aid for verification. The school
will notify you of your selection and require you to submit certain
documents to them, which may include tax returns, W-2 forms, and
1099 forms.
- Access information regarding payment plans at each institution. Millersville has a twelve month payment plan called MIPP (Millersville Univeristy Installment Payment Plan). There is a deadline of May 1.
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May
- Deadline for PHEAA State Grant (The FAFSA must be received by
the processor by this date, not postmarked!) - MAY 1
- Deadline for starting Millersville University Installment Payment
Plan (MIPP)
- May 1
- PHEAA notifies students about PA State Grant awards. (NOTE:
It is the school’s responsibility to notify PHEAA if the student
changes housing, adjusts enrollment, or receives additional aid,
all of which could affect the grant amount.) – please notify the
Office of Financial Aid of any changes in housing plans that have
occurred.
- After grades are posted for the Spring semester, a review of
the credits earned will be conducted for each student. Any student
not completing the number of credits to meet the academic
progress requirements, will have his/her aid removed beginning
pre-session and continuing until the required number of credits
have been passed.
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June
- First-time Federal Stafford Loan borrowers need to complete
the online Entrance Interview.
- Students’ loans are processed and awards are available online
(through MAX) after end-of-semester grades are posted and eligibility
is reviewed. Be sure to watch the mail for your financial aid
award or access it online through MAX.
- Consider other types of financial aid necessary to pay your
bill, including the Federal PLUS
Loan (Parent Loan for Undergraduate Students ) or Alternative
Loans. Do not wait until August to apply for these additional
funds. Doing so may jeopardize your start of the Fall semester
- Contact the Office of Financial Aid if you wish to reduce your
Federal Stafford Loan amount or if you wish to increase your Stafford
Loan amount if:
- you are considered an independent student by the federal
government or
- you are a dependent student and have a parent PLUS loan
denial and have submitted a copy of it to the Office of Financial
Aid.
- Be sure all financial aid forms have been completed and submitted
to the Office of Financial Aid.
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July
- Fall semester bill arrives middle of the month. Financial aid
that is approved (at the time the bill is printed) appears as
credit on the bill. It will be due in mid-August. Any financial
aid that is cleared after the bill was printed may be used as
a deduction (Check with the Office of Financial Aid to be sure
your aid can be used as a deduction on your bill). Be sure to
respond to the bill, as this is the only way Millersville knows
that you will attend classes. If you have a “0” balance or a credit
to your account (the financial aid awarded exceeds your bill),
you can clear
your bill online. Please see the Bursar’s Office website for additional
information on paying
your semester bill.
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August
- Fall semester bill is due (middle of the month). Return the
signed bill to the Bursar's Office even if you do not owe any
money. Any financial aid that is cleared after the bill was printed
may be used as a deduction (Check with the Office of FInancial
Aid to be sure your aid can be used as a deduction on your bill).
Be sure to respond to the bill, as this is the only way Millersville
knows that you will attend classes. If you have a "0" balance
or a credit to your account (the financial aid awarded exceeds
your bill), you can clear
your bill online. Please see the Bursar's Office website for additional
information on paying
your semester bill.
- Fall semester classes start at the end of the month.
- Disbursement of approved financial aid and refunds of excess
aid are mailed to the student's campus address.
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September
- Drop/add begins
- drop classes the first five days of classes; add classes the
first seven days using a drop/add card (obtained from the Registrar's
Office) with signatures from professors.
October
- Mid-semester bills are sent to students who still owe a balance
for the Fall semester.
November
- Register for the Spring semester courses. Be sure that you will
satisfy the academic progress
requirements for the number of credits needed to qualify for
next year financial aid.
- Spring bill arrives middle of the month.
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December
- Spring semester bill is due (middle of the month).
- Gather together the information to file your taxes and get ready
to file next year's financial aid application.
- If you lost your Federal or State financial aid because of academic
progress requirements and took classes in the Fall semester, call
the Office of Financial Aid when grades are posted to have your
credits re-reviewed to see if you are eligible for aid in the
Spring semester.
- If you will change grade levels AFTER FALL GRADES ARE POSTED
[i.e. freshman to sophomore (at least 30 credits) or sophomore
to junior (at least 60 credits)] and wish to have your Federal
Stafford Loan increased, contact the Office of Financial Aid.
- Students who are graduating need to complete an online Exit
Interview.
- If you filed your FAFSA
online last year, but do not remember your pin number, request
that the PIN number be sent
to you via email or the United States Postal Service. Remember
for dependent students, both the student and the parent must have
a pin number.
- If you filed the paper FAFSA last year, a Renewal FAFSA should
be sent to you in the mail in November or December. Wait until
after January 1 to fill out the required information and mail
this application to the federal processor. You should also receive
a pin number in the mail (it will come on a postcard from the
Department of Education). You may use this pin number to file
the FAFSA online.
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Download a printable
version of this calendar to assist you in the financial aid
process.
(Requires Adobe Acrobat Reader). |
