Determining Financial Need

Mayville State University is dedicated to assisting all students to the fullest extent possible under federal regulations.  Financial aid is supplementary to you and your family’s financial resources. Your University expenses will include tuition, fees, room, board, books and supplies, transportation, and other personal expenses. In determining the type and the amount of financial assistance necessary to meet your financial requirements, Mayville State University first expects you and your parents to make a maximum effort to assist with educational expenses.

Your financial aid will be calculated by considering the parent’s contribution, your contribution, and other available resources from your completed FAFSA. This information takes into consideration family income, assets, fixed costs, living costs, and other expenses which vary from year to year. A student must reapply each year for financial assistance by completing the FAFSA.

The federal government requires each postsecondary institution participating in financial aid programs to utilize a uniform and systematic evaluation of financial need of all applicants for aid.  All Title IV aid resources at Mayville State University require a completed FAFSA.  Title IV aid includes: Federal Pell Grant, Federal TEACH Grant, Federal SEOG Grant, Federal Work Study, Federal Direct Subsidized Loans, and Federal Direct Unsubsidized loans.  As a matter of policy, Mayville State also requires a completed FAFSA for the Federal Direct Parent PLUS Loan for Undergraduate Students.

Since funds are limited, aid is usually awarded in the order that files are completed. Financial aid packages will generally be made from a variety of sources. Financial aid awards may be adjusted based on the availability of funds.