 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Rights and Responsibilities of Applicants All students who feel they or their parents cannot adequately meet the full cost of education are encouraged to apply for student financial aid. The Office of Financial Aid is located in May Hall, room 209. 2007-2008 DICKINSON
STATE UNIVERSITY Top
To find out more about living on campus click here!
WHO
MAY APPLY
The Department of Education or Dickinson State University may require
students, through a process called verification, to document the information
provided on their application. If the applicant does not provide the
requested documentation, Title IV funds will not be disbursed. HOW TO APPLY
Top Students applying for summer aid must complete a summer Financial Aid application in addition to the FAFSA. The summer aid applications become available as soon as the summer session schedule for a given year is released. Effective 2005, Students MUST be enrolled in six or more credits to be eligible for federal student loans and federal work study. The FAFSA may be completed on line at www.fafsa.ed.gov. The web site is free, fast, secure, and easy to use. The paper FAFSA forms are available at the Office of Financial Aid. When completing the application, students must indicate Dickinson State University as a college they plan to attend. The code for Dickinson State is 002989.
Upon request, childcare may also be added o the cost of education (up to $150 per month). Child Care Request Form (PDF) By completing the need analysis application, the student will automatically be considered for the federal, state, and campus-based financial aid programs.
WHEN TO APPLY
Top Applications for financial aid will be accepted after March 15, however funding may be limited to the Federal Pell Grant and the Federal Family Educational Loan Programs. NOTIFICATION
OF FINANCIAL AID Top
TYPES
OF FINANCIAL ASSISTANCE Top Grants are gifts of money that do not have to be repaid. Loans MUST be repaid. Scholarships are gifts recognizing students on the basis of academic achievement, special skills, or other criteria. Employment allows a student to work and earn money to offset educational expenses. Federal Pell Grant is available to undergraduate students pursuing their first bachelor's degree. The amount of the grant is based on the EFC number, the student's need, the estimated cost of attendance, the student's enrollment status, and the money appropriated by the Federal Government. Federal Supplemental Educational Opportunity Grant (FSEOG) is available to undergraduate students who are eligible for a Federal Pell Grant. FSEOG is a campus-based program; therefore, students must meet the priority funding deadline of March 15. North Dakota State Student Incentive Grant Program (SSIG or State Grant) provides aid to undergraduate students who are US citizens, residents of North Dakota engaged in full-time study, and enrolled in a program of at least one academic year. The grants, which are need-based, are dependent upon the availability of funds. The State Grant is $800 per academic year. Students apply by completing the FAFSA. The deadline for priority consideration is March 15. Additional information may be obtained from North Dakota University System, State Capitol, 600 East Boulevard, Bismarck, ND 58505-0230.
Federal Stafford Loan must be repaid within 10 years. Loans disbursed prior to 07/01/06 had a variable rate of interest. Loans disbursed on or after 07/01/06 have a fixed rate of interest. If eligible, students may borrow up to $3,500 per year as a freshman, $4,500 as a sophomore, and $5,500 as a junior or senior. The maximum amount that can be borrowed is $23,000. Students must be enrolled at least half time. Local financial institutions provide funds for the Federal Stafford Loan Program, and there is an origination/insurance fee of zero to three percent. Repayment begins six months after graduation or if the student ceases to be enrolled at least half-time. The link: https://www.eac-easci.org/aesi/show_fees.cfm?s_id=00298900 displays a comparison of the lenders Dickinson State University has listed on the award notice. Please keep in mind that a student always reserves the right to choose a lender (including those not listed) for his/her Federal Stafford Loan. Federal Unsubsidized Stafford Loan is a non-need based program for those ineligible for (any or all of) the Federal Stafford Loan. The student is responsible for interest payments. The annual and aggregate loan limits for dependent undergraduate students equal the Federal Stafford Loan limits (less the amount of any Federal Stafford loans). The annual and aggregate loan limits for independent undergraduate students (or students whose parents are unable to obtain Federal Parent Loans for Undergraduate Students) are increased by $4,000 a year for the first and second years of study, and by $5,000 for the third and fourth years of study. Repayment begins six months after graduation or if the student ceases to be enrolled at least half-time. Federal Perkins Loan is a 5% interest loan with a $4,000 per year limit (maximum $20,000). Federal Perkins is a campus-based loan; therefore, priority is given to students who have their FAFSA's received by the Central Processor by March 15. Repayment begins nine months after borrower ceases to be enrolled at least half-time. If eligible for this loan at DSU, the minimum amount is $400. Federal PLUS Loans (Parent Loans for Under-graduate Students) enable parents to borrow money to help pay for their children's education. Parents may borrow on behalf of a dependent student. The maximum loan amount that a parent may borrow for each dependent student is the difference between the cost of attendance and any other financial assistance. The loan requires a separate application. If the period of enrollment is more than one semester, there will be multiple disbursements. Generally repayment must be made within 60 days of the loan disbursement. Nursing Education Loan is need-based, and the applicant must be accepted or enrolled in a nursing program approved by the North Dakota Board of Nursing. The loan amounts are up to $1,000 for each year of the nursing ASPN and baccalaureate completion programs. Repayment is by nursing employment in North Dakota after graduation and/or by monetary repayments. Applications are available through North Dakota Board of Nursing: 919 South 7th Street, Suite 504, Bismarck, ND 58504-5881; deadline is July 1. Short-term Emergency Loans, up to $600, may be obtained under certain circumstances for educational related expenses. They will only be granted to those awaiting financial aid. The aid must be sufficient to repay the loan. There is a $10 service charge. A second emergency loan will not be granted to a student who has an unpaid short-term emergency loan. Contact the Office of Financial Aid to obtain an application. Promissory Note: Loan information is transmitted to the guarantee agency which guarantees the loan and mails or emails a Master Promissory Note to the student. This promissory note must be completed and returned to the lender before loan funds will be disbursed. Once a Master Promissory Note (MPN) has been signed, students will not have to sign another one while at DSU, unless the lender requests a new signature, the student consolidates their loans or the student changes lenders. Forbearance, Deferment and Cancellation of Loan nformation can be found on the Master Promissory Note or by contacting the lender. Electronic Fund Transfer: Loan funds that are received electronically are credited directly to the student’s account. Loan funds that arrive in the form of a check must be endorsed by the student and then will be credited to the student’s account. Any funds in excess of the amount owed the University at the time of disbursement are considered “excess aid” and may be disbursed to the student in the form of a check or direct deposit transaction. Disbursement could be delayed if students have not attended Entrance Loan Counseling, are not enrolled at least half-time, or have a “hold” on their file. Dickinson State University Foundation scholarships and awards will be disbursed in two equal allotments for the fall and spring semesters. Contact the Office of Development and Alumni Relations for current listings and disbursement. Cultural Diversity Tuition Awards are for students who have US citizenship or permanent residency and who can contribute to the cultural diversity of the University. Applications can be obtained on campus from the Office of Enrollment Services or may be downloaded here (pdf). Global Awareness Tuition Awards are designed to assist international students in obtaining a degree at Dickinson State. Students from a foreign country are encouraged to apply for the Global Awareness Tuition Award by contacting the Office of Enrollment Services, or fill out an online application. Veterans, National Guard, and Veteran Tuition Waiver recipients need to contact the nearest Veterans Service Office or the Dickinson State University Veteran's Certifying Official in the Office of Academic Records. Any dependent (child, spouse, widow, widower) of a resident veteran killed in action, totally disabled, deceased from service-connected causes, or declared missing in action, may be granted a waiver of tuition. Native American Assistance application forms are available from a Tribal Agency or from the Office of Financial Aid at Dickinson State University. Rehabilitation and Consulting Services assists students with physical limitations or health problems. Students who wish to apply must contact their local Division of Vocational Rehabilitation Office at Bismarck, Dickinson, Jamestown, Fargo, Minot, Grand Forks, Devils Lake or Williston. North Dakota Job Service may have funds available through the Workforce Investment Act (WIA) for economically disadvantaged students in need of vocational training or retraining. Contact the nearest Job Service Office. Student Employment provides eligible students an opportunity to earn money to help pay their educational costs. Students are paid an hourly wage. Time sheets are signed by student and supervisor and are submitted twice a month. Paychecks are claimed the 15th and the last day of the month at the Office of Business Affairs. Student employment on campus can either be in positions funded through Federal Work Study dollars or in positions funded through institutional dollars. If a student is eligible for a Federal Work Study position, that assistance in included in the Award Letter they receive. Eligible students will receive a Student Employment Form. Federal Work Study is a campus-based program, and priority in awarding these positions is given to students whose FAFSA is received by the Central Processor by March 15. Community service jobs such as reading tutors are available for students. Any non-federal work/study student may apply for an institutionally-funded position; information about institutionally-funded positions Other Top 1. TAXABILITY OF AID: The Tax Reform Act of 1986 contained provisions regarding the potential taxability of grant and scholarship aid. Total grant and scholarship dollars in excess of certain allowable educational expenses will have to be reported by the recipient as taxable income on his/her Federal Income Tax Return. For tax reporting purposes, the Office of Business Affairs sends 1098-T forms in January. How the 1098-T affects the IRS and You... (PDF) 2. Study Abroad Programs Students enrolled or accepted for enrollment in a study abroad program approved for credit by Dickinson State University are eligible to receive Title IV assistance. Study Abroad Financial Aid Contractual Agreement (PDF) 3. 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" (the school where the student expects to receive a degree or certificate) and have those courses count toward the degree or certificate at the home institution. For more information about consortium agreements, contact the Office of Financial Aid. Students must meet admissions, attendance, and satisfactory academic progress requirements prior to receiving financial aid. All loans, grants, foundation scholarships, and work study awards are subject to change, depending on enrollment status, other resources, participation criteria, and availability of funds. If attending the academic year, grants, scholarships and loans will be disbursed in two allotments during the period of time for which the student is enrolled. Disbursement of aid is done each semester on fee payment date and daily thereafter. The student's account will be credited and proceeds will be disbursed by the Office of Business Affairs during fee payment. SATISFACTORY ACADEMIC PROGRESS POLICY | Financial Aid Suspension Appeal Form (PDF) Satisfactory Academic Progress will be measured in four separate ways. The four areas to be measured will be GPA, credits attempted vs. credits completed, maximum credits allowed, and unofficial withdrawals (students with all F’s). The satisfactory academic progress for each student will be measured at the end of each semester of attendance (including summer). All credits, including transfer credits, will be used in calculating both the Quantitative and Qualitative components of Satisfactory Academic Progress. Listed below are the four areas measured:
Notification Students who fail to meet the standards of Satisfactory Academic Progress will receive notification by mail. Appeal Process Students who have been placed on financial aid suspension may appeal by requesting an Appeal Form. Appeals are evaluated on an individual basis. If the Director of Financial Aid denies the appeal, the student may request further evaluation from the Appeals Committee. Action taken by the Appeals Committee will be considered final. Any part of this policy may be changed or revoked without notice. Withdrawal from Institution: A student who finds it necessary to withdraw from the University must contact the Office of Financial Aid to receive the appropriate withdrawal card. REFUND / RETURN OF 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 sixty percent point in an enrollment period. Unearned funds must be returned in the order specified by law. A detailed refund schedule is available in the Office of Business Affairs. Entrance/Exit
Loan Counseling Top
Entrance/Exit Loan counseling can be completed on-line at: http://mapping-your-future.org Click on “Loan Counseling”. Students will receive confirmation after completion of the session and the Office of Financial Aid will be notified by e-mail that you have completed the loan counseling. OFFICE OF
FINANCIAL AID |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Students will be notified of their financial aid by an award notice. Those who qualify may be eligible for grants, loans, and/or federal work study. Students must accept their award notice before disbursements will be made.
Federal
Family Educational Loan Programs include the Federal
Stafford Loan, Federal Unsubsidized Stafford Loan, and the Federal
PLUS. To obtain the first Stafford Loan, the student must complete
a Master Promissory Note. The Master Promissory Note will be sent
to the student either electronically (by e-mail) or through the
mail. The promissory note must be completed and returned to the
lender before funds will be released. The student may not need to
complete a new Master Promissory Note the following year. (Unless the student went through loan consolidation.) To calculate your estimated payment, students may go to the following website: 
Dickinson
State University Foundation Scholarships/Awards are supported by gifts
from friends and alumni of the University. Students complete a scholarship
application available from a high school counselor or the University.
The priority deadline to apply is December 1.  |
|
 |
|||||
 |
 |
||||||
