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Financial aid policies

In addition to being aware of the terms and conditions around financial aid, individuals are also obligated to be aware of the following policies:

Eligibility and Enrollment Status for Retaking Coursework

For purposes of calculating enrollment for financial aid, a student may retake a previously passed course (received a grade of "D" or higher) only one time and have it count toward enrollment status.

Loan Pro-ration

The loan pro-ration requirement applies to a student who is enrolled in a program of less than 30 credits (such as an undergraduate certificate) or undergraduate students who plan to graduate from a degree program after attending for only a single semester at Metropolitan State University.  More information on Loans

Refunds to Minnesota Financial Aid Programs

For students receiving State financial funding, the Minnesota Office of Higher Education refund policies will apply.

Return to Title IV

Students who completely withdraw from all credits before the semester is 60 percent complete are subject to the Federal Return to Title IV refund policy.

Satisfactory Academic Progress

Federal and State regulations require students to meet academic performance standards to maintain financial aid eligibility.

Statement of Misrepresentation

Under the Higher Education Act, institutions are not permitted to misrepresent the nature of their educational programs, financial charges, or the employability of their graduates. Metro State University is prohibited from making any false, erroneous, or misleading statement directly or indirectly to a student, prospective student, member of the public, accrediting agency, state agency, or Department of Education. A misleading statement includes any statement with the capacity, likelihood, or tendency to deceive or confuse. A statement is any communication made in writing, visually, orally, or through other means. Misrepresentation includes disseminating a student endorsement or testimonial given under duress or as a condition of program participation. Further, substantial misrepresentation is any misrepresentation in which a person could reasonably be expected to rely, or has reasonably relied, to that person’s detriment.

The regulations regarding misrepresentation describe misrepresentation concerning, the nature of the education program (major), financial charges, employability of graduates, and/or relationship with the Department of Education. A Title IV eligible school may not describe its participation in a way that suggests approval or endorsement by the Department of Education for the quality of its educational programs.

The Communications and Marketing Department maintains copies of all promotional materials. Directors of each department or division are responsible for ensuring that this requirement is followed and that employees understand their responsibility when communicating with members of the public, students, and prospective students.

Verification of Application for Financial Aid (FAFSA)

It is Metropolitan State's policy to verify all student applications selected by the FAFSA processor. Metropolitan State reserves the right to select students for verification with conflicting information, incomplete database matches, rejects and C codes as applicable to resolve the issue(s). Verification of documents will be requested of the student upon receipt of the FAFSA. Documents must be received and verification performed before financial aid is packaged and disbursed.

Documents received after 120 days after the last date of enrollment of the student OR the date the Department of Education determines (annually), whichever is earlier, will not be processed, and thus, no aid will be disbursed.

The Financial Aid Office will correct the data on the FAFSA as a result of discrepancies following verification. The student may choose to correct the data themselves or use the Data Retrieval Tool, if applicable. Students will receive new FAFSA results from the central processor if their expected family contribution (EFC) changes as a result of the verification of data. On the verification documents, students attest the information provided is complete and correct. If found to be purposefully false or misleading, students will be reported to Minnesota State Colleges and Universities Internal Audit and/or the Office of the Inspector General.