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Enrollment and Financial Aid Eligibility

First-Year Students

How does enrollment affect your financial aid eligibility?

Federal Direct Subsidized/Unsubsidized Loan

Federal Direct Loan regulations allow you to borrow at sophomore status levels ($6,500), once you have completed 30 cumulative credits.

Minnesota State Grant

You must meet the eligibility requirements and be enrolled for 15 credits to receive a full Minnesota State Grant. If you are enrolled for less than 15 credits the Minnesota State Grant will be adjusted on a credit per credit basis, each term.

Graduation

You must have at a cumulative GPA of at least a 2.0 and a minimum of 120 credits to be eligible to graduate in 4 years. The extra time and money you will spend on an additional year in college is significant. Not only will you pay another year’s worth of tuition, textbook costs, campus fees and other educational expenses, but you won’t be earning money at a job or getting started in graduate school.

Returning/Transfer Students

How does enrollment affect your financial aid eligibility?

Federal Direct Subsidized/Unsubsidized Loan

Federal Direct Loan limits require you to have completed 60 cumulative credits by the end of the 2010 summer session in order to be considered a junior and offered a third year loan amount of $7,500.

Minnesota State Grant

You must meet the eligibility requirements and be enrolled for 15 credits to receive a full Minnesota State Grant. If you are enrolled for less than 15 credits the Minnesota State Grant will be adjusted on a credit per credit basis, each term.

Graduation

You must have at a cumulative GPA of at least a 2.0 and a minimum of 120 credits to be eligible to graduate in 4 years. The extra time and money you will spend on an additional year in college is significant. Not only will you pay another year’s worth of tuition, textbook costs, campus fees and other educational expenses, but you won’t be earning money at a job or getting started in graduate school.




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