Financial Aid
Can I use financial aid for Center for Global Engagement?
Yes! Generally speaking federal and state financial aid, along with scholarships you currently receive, may be used to help fund education abroad and away programs.
Students may also be eligible for an adjustment to their financial aid package based on the education abroad or away program cost.
All students must visit with a Financial Aid Advisor once they decide on an education abroad and away program to discuss their financial options and to confirm their award package applicability. This includes students who may not receive financial aid. Financial Aid advising appointments can be scheduled through the Campus Hub.
Steps for Financial Aid for Education Abroad and Away
- If you have not already, file a Free Application for Federal Student Aid (FAFSA). Financial aid for summer term education abroad and away programs is covered under the same FAFSA year the fall and spring semesters just prior to that summer.
- Finish all elements of your Minnesota State Mankato online education abroad and away application by the application deadline date. You can find the MavAbroad program search and application.
- Request a cost estimate budget sheet from the Center for Global Engagement. Some programs on the MavAbroad/Center for Global Engagement Application site will have updated Budget Sheets, while others may need to be created/updated. You can make an appointment through MavConnect (search Study Abroad), in-person (Morris Hall 002), or call 507-389-1341.
- Schedule an appointment with a Financial Aid Advisor by visiting the Campus Hub on the main level of the Student Union, or by phone at 507-389-1866, or by emailing campushub@mnsu.edu.
- Be sure to bring the following to your financial aid advising appointment:
- A copy of your completed Center for Global Engagement “Approved Class Planner”
- A copy of your program budget sheet printed from the Center for Global Engagement Terra Dotta/Application website
- You will be notified by Financial Aid when your budget adjustment request (and financial aid consortium agreement, if applicable) is approved. This approval does not mean you will automatically receive more money when your financial aid is processed for the semester. You will have to apply for additional loan funds through separate application processes. If you have questions, please visit the Campus Hub or discuss this with your Financial Aid Advisor.
- Make all your education abroad and away program fee payments by the set deadlines. Depending on your travel dates and financial requirements, you may not have access to your additional financial aid when payments are due. The earliest date you could possibly receive a financial aid disbursement is typically the 2nd Friday of the semester, by direct deposit. Your loan funds must be received by the University by the first week of the semester to be processed for this earliest disbursement date; there are later processes that run routinely throughout the semester if your loan funds arrive later. Any education abroad or away program payments or purchases you need to make prior to receiving your financial aid disbursement should be made by credit card or other means. If you are participating on a program with an education abroad program provider, this provider (or company) should have some sort of “Financial Aid Verification Form” available for your to submit by the final payment date in lieu of submitting a check/credit card payment; this form is usually available through your personalized student account with the education abroad program provider or on their website. If your financial aid package through Minnesota State University, Mankato does not cover the full program fee, the company will expect you to submit both the “Financial Aid Verification Form” AND check/credit card payment for the amount not covered by financial aid. Most education abroad companies also offer payment plans through which you can arrange to pay in installments. Call your education abroad and away program provider to ask about this option.
- Once your loan funds are received by the University they can be processed. Financial aid, including all loans, is first used to pay any outstanding charges on your student account; after your outstanding charges have been paid, any remaining financial aid/loans that you receive will then be reflected on your E-services as a Payment to Student and is the amount paid to you by direct deposit or check. If you have not set up a direct deposit authorization yet, you should do so on E-services through the Financial Aid menu. When your disbursement has been posted to your bank account (be sure to confirm that with your bank), you can use the funds as needed, whether to pay your program provider program fees, or to reimburse yourself, or to cover the cost of meals or other education abroad expenses you incur.
- Please Note that your host university and/or education abroad and away program provider will not release your academic transcript to you or to Minnesota State University, Mankato if you have not paid all fees by the end of your term abroad. This can put your financial aid at risk. If your education abroad or away academic transcript is not received by Minnesota State Mankato in a timely manner after the completion of your study abroad and away program, your eligibility for the loan funds you borrowed may be rescinded. This will require the University to return the funds to your lender, creating a balance on your student account that you will need to immediately pay.
