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MSU Denver

Types of Aid

Aid can be explained in 2 categories:
Need-based Aid and Self-help Aid.
Explore all below.

Open discussion in classroom

Need-Based vs Self-Help Aid

Need-Based aid will include what we call “free money” because they do not need repaid. Grants and scholarships are two types of aid that do not need repaid. They are described in this section below. Please visit the Scholarships page for specifics about scholarship opportunities.

Federal/State Gift Aid

Federal/State Self-Help Aid

ASSET/DACA Students

Understanding Undergraduate Aid

Federal Verification

Disbursement of Aid

Accepting Undergraduate Aid

How to Accept Federal Direct Loans Using Student Hub

STEP 1:
ACCEPT YOUR FEDERAL DIRECT LOANS

  • Login to Student Hub.
  • Select the “Financial Aid & Scholarships” tab.
  • Select “My Award Information”.
  • Select “Award By Aid Year (Accept Award Offers)”.
  • Select aid year.
  • Select “Terms and Conditions” tab. If incomplete, read and accept before continuing.
  • Click on “Accept Full Amount All Awards” to accept the full loan amount. Please note: For both of these options, the dollar amount accepted is for two semesters OR
  • On the line marked “Federal Subsidized Loan Offered” or “Federal Unsubsidized Loan Offered”, select “Accept”. Then enter the total dollar amount (cannot exceed offered amount) that you would like to accept. Click on “Submit Decision”

STEP 2:
COMPLETE ENTRANCE COUNSELING

Before receiving a Federal Direct Loan, borrowers are required to complete a student loan entrance counseling interview. This quick and easy interactive counseling session provides useful tips and tools to help you develop a budget for managing your educational expenses. It also helps you understand your loan responsibilities when you enter repayment.

STEP 3:
SIGN A MASTER PROMISSORY NOTE

The Master Promissory Note (MPN) is required to be completed by each borrower. The MPN is a legal contract that binds you to the federal government. Signing this document indicates that you promise to repay the student loan you are taking out. The master promissory note also includes important language about rights and responsibilities as a borrower. Both subsidized and unsubsidized Direct Loans are covered under the master promissory note.

Rowdy highfive student

What's Next?

In order to receive federal financial aid, you will need provide information to the federal government and have the information processed by our office. Once this has occurred, your aid may be awarded once your file is considered complete.

Undergraduate students will be awarded based on full-time enrollment each aid year.  Full-time enrollment for an undergraduate students is based on 6 credit hours each semester.  Undergraduate students must be enrolled in at least half-time to be eligible for Federal Direct Stafford Loans.

*Non-FAFSA Eligible Students: Please submit a CASFA application.

Getting Awards

Managing Undergraduate Aid

Students Studying to make SAP

Keep your Aid

While completing the aid application (FAFSA/CASFA) & General Scholarship Application annually is the first step, you must maintain it by keeping your grades up & performing well each semester. Life happens – read more about our Satisfactory Academic Progress (SAP) Policy below!

UNDERGRADUATE STUDENTS MUST REMAIN ENROLLED IN A MINIMUM OF 6 CREDIT HOURS TO BE ELIGIBLE FOR FINANCIAL AID. SOME GRANTS/SCHOLARSHIPS WILL PRORATE IF LESS THAN 12 CREDIT HOURS IN A SINGLE SEMESTER.

SUMMER AID IS NOT GUARANTEED & IS ONLY AWARDED AFTER SUMMER ENROLLMENT – USUALLY AROUND MAY. 

Satisfactory Academic Progress (SAP)

Misc

Be sure to select Satisfactory Academic Progress on the drop down. Processing times may vary.

Submit a SAPAP Here!
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