Financial aid timeline

For undergraduate students 

The financial aid timeline provides an overview of the financial aid process from when you first apply for financial aid in the fall to receiving your financial aid each term before classes start. These dates are generally the same each term. More specific financial aid dates can be found in the tables below.

Date Item description
October 1

The Free Application for Federal Student Aid (FAFSA) for the upcoming academic year opens. 

We encourage you to complete the FAFSA early (see financial aid steps). The University will review your information and start sending you notifications by the end of December.

March

Estimated Financial Aid Notices begin going out to first-year and transfer students. 

If you are admitted to the University and have completed the financial aid process, you will receive an Estimated Financial Aid Notice from One Stop Student Services to your University email account. 

Returning students will not receive an Estimated Financial Aid Notice. 

Mid to Late July

One Stop Student Services sends financial aid offers.

You will receive an email from One Stop Student Services with instructions on how to review your financial aid offer for the upcoming academic year. The email will be sent to your University email account. 

Please review your offer. If your offer includes loans or work study, you can accept, decline, or reduce the amount you’ve been offered. You need to complete required loan documentation before you receive any loans that are accepted with your financial aid offer.

Early to Mid August Apply for additional loan funding for the upcoming fall semester if necessary. The private loan process can take up to six weeks to be finalized. To ensure on time payment of your student account, private loan applications should be completed by the end of August.
Approximately one week before class starts (fall and spring semesters)

During the week before classes start, your financial aid will be sent to your University student account. If you have excess funds after your tuition, fees, housing, and other authorized charges are paid, that money will be sent to you via check or direct deposit.

If you have additional tuition, fees, housing or other charges that are not covered by your financial aid, you will receive a bill for those charges.

Financial aid continues to be offered and disbursed throughout the term as students accept and respond to their offers. Please contact One Stop Student Services if you have already responded to your aid offers and need to make changes. 

Important financial aid dates

Use the tables below to find dates regarding financial aid disbursement, loan and grant deadlines, and additional information about financial aid eligibility.

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Spring 2023

Date Item description
January 10, 2023 Spring 2023 financial aid disbursement begins.
Mid-January 2023 Special circumstance appeal forms are available for the 2023-24 aid year.
January 17, 2023 Spring term begins.
January 30, 2023

Census date: Your enrollment is reviewed for financial aid eligibility.

If your enrollment has increased or decreased by this date, your aid eligibility will be adjusted to the appropriate amount based on your revised enrollment. Learn more about financial aid eligibility.

February 16, 2023

Minnesota State Grant and Minnesota Dream Act deadline.

If you did not already fill out a FAFSA or MN Dream Act Application, this is the last day to complete a FAFSA or MN Dream Act application and still be eligible for the Minnesota State Grant for the spring term. You must be a Minnesota resident to qualify. 

Note: You can still submit the FAFSA or MN Dream Act application after this deadline and be eligible for the grant in the summer. 

May 1, 2023 Last day to submit your application for tuition reciprocity with your home state if you are a ND, SD, WI, or Manitoba resident and you are being charged non-resident tuition through the U of MN.
May 1, 2023

Satisfactory Academic Progress Appeal deadline for spring 2023 semester.

If you need to submit an appeal, it must be submitted no later than two weeks prior to the end of the term in which you are seeking aid.

May 8, 2023 Last day to request and accept a fall/spring or spring only PLUS loan.
May 9, 2023 Last day to request and accept a fall/spring or spring only subsidized and/or unsubsidized loan.

Summer 2023

Date Item description
May 2023

The University sends financial aid offers for May and summer sessions.

You will receive an email with instructions on how to review your financial aid offer for the upcoming academic year. The email will be sent to your University email account. 

Please review your offer. If your offer includes loans or work study, you can accept, decline, or reduce the amount you’ve been offered. You need to complete required loan documentation before you receive any loans that are accepted with your financial aid offer.

May 15, 2023 May session and summer 13-week classes begin.
June 5, 2023 Summer session begins.
June 5, 2023

Summer financial aid disbursement begins.

June 2023

Census date: Your enrollment is reviewed for financial aid eligibility

If your enrollment has increased or decreased by this date, your aid eligibility will be adjusted to the appropriate amount based on your revised enrollment. Learn more about financial aid eligibility

June 30, 2023 Last day to complete your 2022-23 FAFSA for the current academic year
August 1, 2023

Satisfactory Academic Progress Appeal deadline for summer 2023.

If you need to submit an appeal, it must be submitted no later than two weeks prior to the end of the term in which you are seeking aid.

August 9, 2023 Last day to request and accept a summer PLUS loan.
August 10, 2023 Last day to request and accept a summer subsidized and/or unsubsidized loan.

Fall 2023

Date Item description
August 28, 2023 Fall 2023 financial aid disbursement begins.
September 5, 2023 Fall term begins.
September 18, 2023

Census date: Your enrollment is reviewed for financial aid eligibility.

If your enrollment has increased or decreased by this date, your aid eligibility will be adjusted to the appropriate amount based on your revised enrollment. Learn more about financial aid eligibility.

October 1, 2023 The Free Application for Federal Student Aid (FAFSA) for 2024-25 opens.
October 4, 2023

Minnesota State Grant and Minnesota Dream Act deadline.

If you did not already fill out a FAFSA or MN Dream Act Application, this is the last day to complete a FAFSA or MN Dream Act application and still be eligible for the Minnesota State Grant for the fall term. You must be a Minnesota resident to qualify. 

Note: You can still submit the FAFSA or MN Dream Act application after this deadline and be eligible for the grant in the spring. 

December 1, 2023

Satisfactory Academic Progress Appeal deadline for fall 2023 semester.

If you need to submit an appeal, it must be submitted no later than two weeks prior to the end of the term in which you are seeking aid.

December 13, 2023 Last day to submit your application for tuition reciprocity with your home state if you are a ND, SD, WI, or Manitoba resident and you are being charged non-resident tuition through the U of MN.
December 19, 2023 Last day to request and accept a fall only PLUS loan.
December 20, 2023 Last day to request and accept a fall only subsidized and/or unsubsidized loan.

Spring 2024

Date Item description
January 8, 2024 Spring 2024 financial aid disbursement begins.
Mid-January 2024 Special circumstance appeal forms are available for the 2024-25 aid year.
January 16, 2024 Spring term begins.
January 29, 2024

Census date: Your enrollment is reviewed for financial aid eligibility.

If your enrollment has increased or decreased by this date, your aid eligibility will be adjusted to the appropriate amount based on your revised enrollment. Learn more about financial aid eligibility.

February 14, 2024

Minnesota State Grant and Minnesota Dream Act deadline.

If you did not already fill out a FAFSA or MN Dream Act Application, this is the last day to complete a FAFSA or MN Dream Act application and still be eligible for the Minnesota State Grant for the spring term. You must be a Minnesota resident to qualify. 

Note: You can still submit the FAFSA or MN Dream Act application after this deadline and be eligible for the grant in the summer. 

April 29, 2024 Last day to submit your application for tuition reciprocity with your home state if you are a ND, SD, WI, or Manitoba resident and you are being charged non-resident tuition through the U of MN.
May 1, 2024

Satisfactory Academic Progress Appeal deadline for spring 2024 semester.

If you need to submit an appeal, it must be submitted no later than two weeks prior to the end of the term in which you are seeking aid.

May 6, 2024 Last day to request and accept a fall/spring or spring only PLUS loan.
May 7, 2024 Last day to request and accept a fall/spring or spring only subsidized and/or unsubsidized loan.

Summer 2024

Date Item description
May 2024

The University sends financial aid offers for May and summer sessions.

You will receive an email with instructions on how to review your financial aid offer for the upcoming academic year. The email will be sent to your University email account. 

Please review your offer. If your offer includes loans or work study, you can accept, decline, or reduce the amount you’ve been offered. You need to complete required loan documentation before you receive any loans that are accepted with your financial aid offer.

May 13, 2024 May session and summer 13-week classes begin.
June 3, 2024 Summer session begins.
June 3, 2024

Summer financial aid disbursement begins.

June 2024

Census date: Your enrollment is reviewed for financial aid eligibility

If your enrollment has increased or decreased by this date, your aid eligibility will be adjusted to the appropriate amount based on your revised enrollment. Learn more about financial aid eligibility

June 30, 2024 Last day to complete your 2023-24 FAFSA for the current academic year
August 1, 2024

Satisfactory Academic Progress Appeal deadline for summer 2024.

If you need to submit an appeal, it must be submitted no later than two weeks prior to the end of the term in which you are seeking aid.

August 7, 2024 Last day to request and accept a summer PLUS loan.
August 8, 2024 Last day to request and accept a summer subsidized and/or unsubsidized loan.