Fall & Spring Semesters:
Students who fail to return their payments by the bill due date may be subject to a late registration fee of up to $50. Students with a $0.00 Minimum Amount Due must confirm their attendance by the bill due date. Failure to Confirm Attendance by the due date may result in a $25 late registration fee.
A $25 late payment charge will be assessed on any past due student account. This includes, but is not limited to, past due payment plans (both first and final installments), rent payments, tuition adjustments, and adjustments to financial aid awards.
A $25 bad check/ACH fee and a $50 late registration fee will be assessed to a student whose registration check/ACH does not clear the bank when presented. Students failing to redeem their registration checks/ACH by the date stated on the notification letter will have their registration canceled.
There is a $25 fee assessed for each non-registration check/ACH which does not clear the bank when presented.
In addition to the assessed bad check/ACH fee, the University reserves the right to take one or more of the following actions:
All registered international students including Lifelong Education students (who are not Graduate Assistants) and their accompanying family members are required to have health and accident insurance. They are automatically charged the MSU Student Health Insurance Plan insurance premium on Fall and/or Spring semester tuition billings. If an international student has comparable coverage in a different health plan, a waiver can be requested by contacting the MSU Benefits Office. For information email: studentinsurance@HR.msu.edu or call 800-353-4434 ext. 536. Web sites which are available are: http://www.hr.msu.edu/HRsite/benefits/students/HealthCov/ or http://www.chickering.com International students who are sponsored by an agency or government should contact the Office for International Students and Scholars (OISS), 517-353-1720, or email to: email@example.com to request a waiver. Sponsored students who have waived the MSU plan, but need to enroll their spouse and/or eligible dependents may obtain an enrollment form from OISS.
Organizations sponsoring international students will be charged an annual administrative fee for services and support rendered. The fee of $700 is assessed in two installments of $350 each for the Fall and Spring semesters for students who register at those times.
All financial aid (except College Work Study) which has been authorized at the time the Registration Billing Statement is produced, will appear on the bill. There are two types of financial aid - actual and anticipated.
Actual financial aid is aid which you are eligible to receive, as of the date of the registration bill. This aid will be listed in the "Financial Aid" transaction section of the bill. It has been applied to the fees you owe, reducing the amount you owe.
Anticipated financial aid will be listed separately on the bill, in the "Anticipated Financial Aid" section. Anticipated aid is not an actual payment on your account; it does not reduce the amount you owe. Anticipated aid is only used to reduce the "Minimum Amount Due" on the Registration Billing Statement.
Anticipated aid becomes actual aid 1) when you have accepted all aid as required and completed on-line or paper promissory notes as needed for any student or parent loans and 2) when the legal disbursement date for federal loans has arrived.
You may view your financial aid awards in STUINFO. Select eFinaid from the STUINFO menu. You must have your MSUNet ID and password to access this page.
The eFinaid will not only tell you your financial aid, but also will lead you through a series of individual messages designed to tell you what actions you need to take, especially regarding the processing of your student loans.
If you have a loan that is disbursed by check, go to Student Services, 556 E. Circle Dr Rm 252, to endorse your checks.
The Perkins Master Promissory Note website is accessible only to those students who have completed a Free Application for Federal Student Aid (FAFSA) and have been awarded a Perkins student loan.
If you have not completed a FAFSA, and wish to apply for financial aid, please visit the following website to complete this step: http://www.fafsa.ed.gov
If you wish to sign your Perkins loan note electronically you must first agree to perform financial aid business on-line by visiting the STUINFO website at http://stuinfo.msu.edu/ and follow the steps outlined in eConsent for Financial Aid (located under the FINANCIAL section). Financial aid eConsent will allow you to access your financial aid data in MSU web applications, to accept or decline loans, and to perform other financial aid business on-line.
Signing a Perkins Master Promissory Note (MPN) will enable you to receive Perkins loans for multiple award years without signing any additional promissory notes. Prior to the MPN, the Perkins program required students to sign a new full-year loan note each academic year.
If you do not want to electronically sign your Master Promissory Note you can request a paper Master Promissory Note, and related documents, be mailed to you. If you have not agreed to transact financial aid business on-line the only option available to you on this website will be the "I do not wish to sign my Perkins Loan Note electronically. Please send a paper note for my signature option at the bottom of the first page". Please note that if you choose to sign a paper promissory note:
After completing the steps necessary to request a paper note you will receive an e-mail confirming receipt of your request.
Health Profession loan notes, if applicable, will be mailed to you. Follow the instructions given regarding the return of notes and instructions for receiving your funds.
The National Merit Scholarship will appear as anticipated financial aid on your registration bill until MSU receives actual funds from National Merit at the beginning of the semester.
Follow the instructions that were included with your financial aid award notice.
Eligibility for each of the different awards is monitored at various points in the semester, ranging from the point of time it is credited to your account, to the end of the semester. You should refer to your financial aid award notification, or contact the Office of Financial Aid, for more specific information.
If the total of your actual financial aid (no longer anticipated aid) exceeds the amount you owe and you have completed registration, you are entitled to a refund. Refunds will be directly deposited or mailed to your local address (if provided) during the week before classes begin. If your aid and registration are finalized after this, refunds are produced nightly and directly deposited or mailed the following workday through the 3rd day of classes (approximately). After this period, refunds are produced and directly deposited or mailed weekly.
The Higher Education Amendments of 1998, as well as the program integrity regulations in 2010, set forth regulations governing the treatment of Title IV funds when a student withdraws from an institution.
There are three types of withdrawals that fall under the return to Title IV (R2T4) federal calculation regulations:
When a student is considered to have withdrawn, as described above, during an enrollment period in which they have begun attendance and received federal Title IV financial aid, Michigan State University is required to determine the amount of earned and unearned Title IV aid. A student is only eligible to retain the percentage of Title IV aid disbursed that is equal to the percentage of the enrollment period that was completed by the student (calculated daily). The unearned Title IV aid must then be returned to the appropriate federal aid program(s) within 45 days of the date of the determination of your withdrawal. If more than 60% of the enrollment period has been completed by the student, no Title IV aid needs to be returned.
According to university policy, when a student withdraws prior to the quarter of the semester and/or receives a 100% tuition refund from the university, all of that semesters federal Title IV grant aid (SEOG, Pell Grant, Federal Teach Grant, Iraq and Afghanistan Service Grant) will be billed back to the students account. Most non-federal aid will also be billed back to the students account. All Title IV aid will be included in the calculations outlined below. Depending on the results of the calculations, some or all of the federal grant aid may be re-disbursed to the student account.
The following steps will be followed when determining the amount of Title IV aid to be returned upon withdrawal:
A student may be eligible for a post-withdrawal disbursement if, prior to withdrawing, the student earned more federal financial aid than was disbursed. If a student is eligible for a post-withdrawal disbursement for Title IV funds, it will be processed for the student and a refund will be issued within 14 days of the credit balance.
If the post-withdrawal disbursement includes loan funds, Michigan State University must get the student’s permission before it can disburse the loan. Students may choose to decline some or all of the loan funds so that s/he does not incur additional debt. A notice will be sent out to the student, and the signed, original document must be returned to the School within 14 days.
Michigan State University may automatically use all or a portion of the post-withdrawal disbursement of grant funds for tuition and fees. However, the school needs the student’s permission to use the post-withdrawal grant disbursement for all other school charges. If the student does not give his/her permission, the student will be offered the funds. However, it may be in the student’s best interest to allow the school to keep the funds to reduce the student’s debt at the school.
It is also important to understand that accepting a post-withdrawal disbursement of student loan funds will increase a student’s overall student loan debt that must be repaid under the terms of the Master Promissory Note. Additionally, accepting the disbursement of grant funds will reduce the remaining amount of grant funds available to the student should the student continue his/her education at a later time.
Example of a Title IV return of funds calculation for a Title IV recipient who is considered to have withdrawn:
|Title IV Return of Funds||Amount|
|Title IV Loans||$2,000|
|Title IV Grants||$1,000|
|Total Title IV aid||$3,000|
Student withdrew on 35th day of a 110 day enrollment period.
Percent Earned 35/110 = 32%
Percent Unearned 100% - 32% = 68%
Amount of Title IV aid unearned $3,000 x 68% = $2,040
MSU is responsible for returning the lesser of unearned Title IV aid ($2,040 from above) or unearned institutional charges ($5,000 x 68% = $3,400). MSU will return aid as follows:
The students responsibility is amount of aid unearned ($2,040) less school responsibility ($2,040), which is zero.
The example shown above does not reflect every student refund situation that may exist. More detailed calculation examples are available in the Student Accounts Office, Hannah Administration Building, 426 Auditorium Road Rm 140, East Lansing, MI 48824, 517-355-5050, Fax 517-353-9640. Questions regarding the Return of Title IV Funds Policy for students who withdraw should be addressed to the Student Accounts Office.
The University reserves the right to amend the Title IV Return of Funds Policy at any time in order to comply with Federal regulations.