How to Accept/Decline Your Financial Offer

The financial aid you're eligible to receive is determined based on the information you provided on your FAFSA and the Cost of Attendance at Minot State. Your financial aid may consist of grants, loans, scholarships, work study employment or other federal and state programs.

If you wish to reduce or decline any of the financial aid offered, you have the option of doing so in Campus Connection. Keep in mind there are limits for the total amount of loan funds you can borrow as an undergraduate and graduate student.  For more information on these limits, visit StudentAid.gov.

Instructional Video on Accepting Financial Aid Offers on a Computer
Instructional Video on Accepting Financial Aid Offers on a Mobile Device

Accept/Decline Your Financial Aid Offer in Campus Connection

• Go to the Financial Aid tile in Campus Connection.
• Select the appropriate aid year.
• You will need to accept or decline each offer.
  
  • Note: If you do not want to accept the loan(s) offered, be sure to decline them.
  • All grants and scholarships are offered in accepted status.
  • Reduce the amount of aid offered to you.
    • Choose "Accept", check the "Reduce" box, change the loan amount and Submit. 
  • Keep in mind the amount(s) you accept will be split equally, half for fall semester and half for spring semester (unless other wise noted).
• Click "Submit"

Your financial aid offer is based on your enrollment as a full time undergraduate student. If you plan to take less than than twelve credits per semester, please notify the Minot State Financial Aid Office to have your aid adjusted appropriately. Some aid, such as grants, will be pro-rated based on the actual number of credits you are enrolled in.

notice

Important: You must be enrolled in at least six credits to be eligible for Federal Direct (Subsidized/Unsubsidized) Loans or Federal Nursing Loans.

Minot State University is committed to using the Principles & Standards of the College Cost Transparency Initiative in its student financial aid offer.

FIRST TIME BORROWERS

Federal Direct Loan(s) - Subsidized/Unsubsidized
If you are accepting a Federal Direct Loan (and you are enrolled in at least six credits), you must complete a Master Promissory Note (MPN) and Entrance Loan Counseling at StudentAid.gov.

To Complete the online sessions:

1. Go to StudentAid.gov
2. Complete Entrance Loan Counseling
   • Under Loans and Grants on the toolbar
     
   • Click "Loan Entrance Counseling"
   • Click the Login to Start button next to " I'm an Undergraduate Student"
3. Complete Master Promissory Note
   • Under Loans and Grants on the toolbar
   • Click "Master Promissory Note (MPN)"
   • Click the Login to Start button next to "I'm an Undergraduate Student"

Federal Nursing Loan
If you are accepting a Nursing Loan (and you are enrolled in at least six credits), You must complete a Master Promissory Note (MPN) and Entrance Loan Counseling (ELC) through the Federal Nursing Loan servicer Heartland Educational Computer Systems, Inc. (ECSI). Once the Nursing Loan is accepted, ECSI will send an email with instructions and a link to complete these sessions. (School Code - A5)

Keep track of how much you owe at StudentAid.gov. Minot State reports all Pell Grant and Federal Loan disbursements to the NSLDS.