How Aid Is Awarded
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Your award package is based on a combination of funds available and your eligibility. Your award package may not include funds from all aid programs. Some funds carry restrictions, and some are limited as to amounts that can be awarded. Financial aid packages are based on the level of eligibility from highest to lowest and files are worked generally in the order received by the Financial Aid office.

The Federal Pell Grant is the first program awarded, if you are eligible. The next programs awarded are grants (federal, state, institutional) and scholarships. Some awards stipulate further restrictions such as residency. MSU-Northern funds are limited and awarded until funds are committed, Work-study funds are awarded after grants. Stafford loans are awarded after Perkins Loans (not awarded to first time Freshman) have been awarded. PLUS Loans are the last category of aid to be awarded. ADDITIONAL Unsubsidized loans are only awarded when requested by the student after receiving the award letter. PLUS (Parent) loans are awarded only when requested by the student or parent after the student applicant receives his/her award letter.

Determining Eligibility | How Aid Is Awarded | How is Aid Disbursed?

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