When a Financial Aid Award is prepared for you, the Office of Financial Aid Services assumes you will be enrolled for 12 or more credits as an undergraduate, or 9 or more credits as a graduate student, unless otherwise indicated. It is understood, however, that not all students enroll in a "full-time" course of study. The Registrar's Office officially verifies the number of credits for which all students are enrolled at MSU. The Office of Financial Aid Services uses this information to determine your enrollment status based on the 15th day of University instruction.
Change In Enrollment Status On Or Before The 15th Class Day:
Disbursement of your aid is contingent upon the number of credits for which you are enrolled at the time your aid is disbursed. If your enrollment status changes on or before the 15th class day due to your dropping credits after financial aid funds have been disbursed, including a retroactive drop of credit hours, you may have received funds that you were not entitled to receive. You will receive a bill from the Student Accounts Office for any overpayment made to you. If you add credits on or before the 15th class day and you are entitled to additional funds, the Office of Financial Services will notify you of any increase or decrease in financial aid eligibility and/or awards.
Please see the form: Financial Aid Pro-ration Based On Enrollment to calculate how your aid may be adjusted.
Withdrawal From Classes After The 15th Class Day:
If financial aid funds have been disbursed to you and you withdraw from some classes after the 15th day of University instruction, but remain enrolled at Montana State University, repayment of financial aid funds is normally not required. You may, however, have an insufficient pass rate at the end of the semester. Please refer to the Satisfactory Academic Progress Policy handout for more information.
If you have questions regarding how your aid may be adjusted, please call or come in to see us during our regular business hours 8:30 - 4:30 Monday - Friday.