Step-by-Step Process

Below is a step-by-step process that should be used for all aid applicants. Once the MSM Financial Aid Office receives all required documents, the aid will be processed. Aid cannot be disbursed to a student's account until half-time status is achieved. In the accelerated format, this means two weeks into the student's second course of the traditional semester. If at any time during this process questions arise, please contact the Financial Aid Office at (301) 447-5207.

1. Complete the Free Application for Federal Student Aid (FAFSA). This form is available in the Continuing Studies Office or in the Financial Aid Office, or it can be completed electronically at www.fafsa.ed.gov. The Mount's Title IV school code is 002086. Please understand that this form must be sent to a Federal processing center and takes 3-4 weeks to be processed, thus it needs to be completed as soon as possible prior to the term. The FAFSA needs to be completed each academic year.
2. Complete Stafford Loan Application. First-time borrowers must complete a Master Promissory Note and a Stafford Loan Certification Form, both of which are available in the Continuing Studies office or by calling the Financial Aid Office at (301) 447-5207. (Students who have borrowed previously in the Federal loan program should contact their prior lender and request a loan application.) Students may borrow up to their Cost of Attendance, not to exceed $7500 a year for sophomores and $10,500 annually for juniors and seniors. Completed MPN's should be sent to the MSM Financial Aid Office along with the Stafford Loan Certification Form . Once the Master Promissory Note is on file in the Financial Aid Office, a student may request additional funds for any ensuing semester by submitting another Stafford Loan Certification Form.
3. Sign and Return Financial Aid Award Letter. Upon receipt of the Financial Aid Award Letter from the Financial Aid Office, sign and return one copy to the Office. Students are reminded that any change in enrollment status or the addition of any outside aid may affect their eligibility for Federal funds and prompt a Revised Award Letter to be sent.

Withdrawal Policy

Aid recipients withdrawing from the program either during or at the end of the semester must make appropriate arrangements with the Financial Aid Office for terminating aid and discussing loan repayment possibilities, if any. Refund policies are available from the Financial Aid Office. Likewise, aid recipients who drop below half-time enrollment status (less than 6 credits during the course of a traditional semester) will be expected to begin repayment of their Federal student loans within six months.

Any questions about the Financial Aid process should be directed to the MSM Financial Aid Office.

Director: David C. Reeder (reeder@msmary.edu)
Assistant Director: Laura Boesler (boesler@msmary.edu)
Office Manager: Vivian Martin (vmartin@msmary.edu)
Telephone: 301-447-5207
Fax: 301-447-5915