Office of Student Finance

• The Office of Student Finance (OSF) has been working hard to package and prepare for financial aid disbursement for summer 2023. We are thankful for our wonderful partners across ASR that have assisted in this process. As a quick reminder, the timing of the disbursement and refund dates for summer 2023 are the following:
• MED-First batch financial aid disbursement was May 1, 2023. All other careers (DENT, GRAD, LAW, PHAR, UGRD, VMED)-First batch financial aid disbursement is Monday night, June 5, 2023. 
• First batch credit balance run for direct deposit & parent checks is Wednesday morning, June 7, 2023 and first batch credit run for student checks is Friday morning, June 9, 2023.
• Financial aid disbursements for aidyr23 money (fall, spring, and summer) continue on Monday, Tuesday, Wednesday, Thursday, and Friday evenings until mid-August 2023. 
• Credit balance runs continue for aidyr23 money (fall, spring, and summer) in the wee morning hours every Monday, Wednesday, and Friday for student/parent direct deposits & parent checks and Friday mornings for student checks until mid-August 2023.
• Worth noting is that aid for summer is only intended to cover specific periods of enrollment, and not necessarily the entire summer. For example, a student taking one class for 4 weeks would have their cost of attendance only reflect 4 weeks of housing and food, etc. Not the 3 months of summer.
• Census date for summer 2023 is June 19. Students enrolling after this date may need to submit a financial aid late enrollment appeal to receive financial aid. 
• Preparation continues for the fall 2023 financial aid packaging process. As the University awaits the decision by the Board of Regents on tuition and fee rates, OSF and ASR-IT stand ready to produce financial aid packages and disburse financial aid to students. As of right now, financial aid packages are set to send to students during the week of July 17, 2023. As we get closer to this date, we will share updates.
• As you may have heard, the state of Minnesota has announced 2 new financial aid programs that will impact our students. As OSF receives details about these programs, we will share them with our ASR partners.
• North Star Promise Program: Beginning in fall 2024, eligible Minnesota residents with a family adjusted gross income (AGI) below $80,000 will have tuition and fees covered by this new grant. This is a last-dollar in program, meaning all state, federal, and institutional gift aid must be counted first prior to awarding North Star promise funds to students. 
• American Indian Scholars Program: Beginning in fall 2023, Minnesota residents who are enrolled members or citizens of a federally recognized American Indian Tribe or Canadian First Nation, and anyone who is an enrolled member or citizen of a Minnesota tribal nation will be eligible to have tuition and fees covered. This is a first-dollar in program, meaning this program will cover those tuition and fees. 
• Shout out to the following OSF members who received milestone awards for their service to the financial aid world. These awards were presented at the 2023 MAFAA Conference:Nate Rosckes (20 years of service)
• Ali Facklam (10 years of service)
• Nichole Andersen (10 years of service)
• Angelina Vang (5 years of service)