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Disbursement Information

Federal Pell Grant, FSEOG, Federal Perkins Loan, and Stafford Loan funds at MSSU are available after the add/drop period each semester. 

Exact date for disbursements are available in LioNet each semester.

Pell Grants which have disbursed will not be adjusted to allow for a late start class. Additionally, the student must have been enrolled in the class by the end of the regular semester class add/drop period.

The first disbursement of aid funds will be for those students who have completed all required paperwork and who have begun attendance in all enrolled classes. Students who submit and/or complete their paperwork after the priority deadline are considered late applicants and may need to make arrangements with the Bursar’s Office for payment of their student account. The financial aid paperwork for late applicants will be processed on a rolling basis as the Financial Aid Office and Bursar’s Office are able to complete the award cycle.

All Title IV financial aid funds, as well as any state aid funds, will be posted directly to the student accounts. If a credit balance remains, a refund will be issued to the student within the timeframes established by the Department of Education.

Loan recipients will be notified when their loan proceeds have been posted to their student account. At this time the student will also be notified of their right to reduce or cancel their loan by notifying the MSSU Financial Aid Office. Details on this student right will be included in the student’s notice of posting. You must keep your address current with the Registrar’s Office in order to expedite this process.

As a part of the financial aid process, each student gives MSSU the authorization to apply Federal Title IV funds to their student account for charges other than tuition, fees, and room and board.

Other charges may include, but are not limited to, books and supplies.

The student may rescind this authorization at any time. However, if this authorization is rescinded, the student will then be responsible for payment of any balance that may be due to the college, and will not be able to enroll for the next semester until their account is clear. Accounts that remain unpaid will be subject to collection action. A signed statement must be submitted to our office to rescind the authorization.

Pell Grants, as well as all other aid programs, are intended as only a supplement to help cover college attendance costs. These programs cannot be construed as a way to pay a student’s entire living expenses while attending.

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