Your Financial Aid
Do you need extra help filling out your FAFSA forms? Are you looking for some guidance in paying for college and how to manage your money? Our staff in the Financial Aid office in May Hall 209 and 210 are here to help. Stop in and ask about the many different grants, loans, and other sources of funding that may be available to you. You can also email firstname.lastname@example.org or call 701-483-2371.
Notification of Financial Aid
Returning students will be notified when they have been awarded various federal, state, and instructional funds via their campus email account. The student must electronically accept/decline their award(s) via Campus Connection, Student Center > Finances > Financial Aid > Accept/Decline Awards, before disbursement will be made.
First-Time First Year students will be notified when they have been awarded various federal, state, and institutional funds via a paper award letter. The student must electronically accept/decline their award(s) via Campus Connection, Student Center > Finances > Financial Aid > Accept/Decline Awards, before disbursement will be made.
Students must notify the Office of Financial Aid of changes in enrollment status or of additional resources received.
Entrance and Exit Loan Counselling
Federal regulations require all institutions of Higher Education to conduct Student Loan and Debt Management Counseling for the first time recipients of a Direct Subsidized Stafford Loan or Unsubsidized Stafford Loan prior to the release of the first disbursement. An exit interview is required at the time a student graduates, drops below half-time status, or terminates enrollment at Dickinson State.
Entrance/Exit Loan counseling can be completed on-line at www.studentloans.gov. Students will receive confirmation after completion of the session and the Office of Financial Aid will be notified that you have completed the loan counseling.
Master Promissory Note
If you are accepting your first Direct Stafford Loan (subsidized or unsubsidized) you must complete a Master Promissory Note in order for your Direct Stafford Loans to disburse. This can be completed at www.studentloans.gov.
Disbursement of Funds
Unless otherwise noted in your financial award package, financial aid is disbursed in two installments; one half for fall semester and one half for spring semester. (Summer semester financial aid is disbursed in one installment).
Approximately two to three weeks after each semester begins, your financial aid funds will be applied toward your institutional charges (including tuition, fees, books, and room and board). If you owe more than you are receiving in financial aid you will be responsible to pay the balance due by the fee payment deadline. If your financial aid total is greater than the balance you owe DSU the excess aid may be direct deposited in your personal bank account. Students who have not signed up for direct deposit will have an excess financial aid check available at the Business Office. Distance education students are highly encouraged to sign up for direct deposit to avoid delays in receiving any refunds.
The Dickinson State University Store allows students who are currently enrolled with no outstanding charges to purchase books and supplies and charge them to their Dickinson State University account. Students are not required to purchase their books and supplies at the University Store. If students choose to opt out of this option, they must have another method of payment or wait until financial aid is disbursed and excess funds are available. Students who choose to opt out may purchase course materials from sources other than the University Store.
Remedial classes count toward financial aid. If the student is admitted into an eligible program and takes remedial coursework within that program, he/she can be considered a regular student. The remedial courses must be at least at the high school level.
If a student has failed a course, the course can be repeated indefinitely and still be counted in the enrollment status for financial aid purposes. Once the student has passed the course, it can only be repeated ONE time and be counted in enrollment status for financial aid purposes. Subsequent repeats are not eligible to be included in enrollment status for financial aid purposes.
A student who finds it necessary to withdraw from the University must complete a Cancel/Withdrawal Form. This form is also available at the Office of Financial Aid.
Collaborative students who wish to add/drop a class must complete a collaborative request form.
Collaborative students who wish to fully withdraw from the University must complete a Cancel/Withdrawal Form.
If a student withdraws from the University, it could have a negative impact on the student’s Satisfactory Academic Progress (SAP) and could possibly cause disqualification from federal financial aid. Meeting SAP requirements in future terms or an approved appeal will be required before aid will be reinstated.
Refund and Return Title IV Funds
Federal regulations require all institutions to develop a policy which determines the amount of Title IV grant or loan assistance that a student has earned as of the student’s withdrawal date. A refund of institutional charges or the percentage of Title IV aid earned for a student, who withdraws from Dickinson State University is calculated through the 60% point in an enrollment period. Unearned funds must be returned in the order specified by law. A detailed refund schedule is available here.
Consortium agreements which can exist between eligible institutions, apply to all the financial aid programs. Under a written agreement, students may take courses at an institution other than the “home institution” and have those courses count toward the degree or certificate at the home institution. Contact the Office of Financial Aid for more information.