"Official Award" letter

• When you have received your "Official Award" letter that means your financial aid file is complete.  All of your financial aid documents have been received and verified.  Any necessary corrections have been made.
• The award letter may not be available until the end of May for the upcoming fall. 
• Your "Official Award" letter contains four pages of important information.  You should always know where your award letter is.  Save it!!!!!
• Your award letter will explain your grant, loan and work eligibility.
• Your awards have been packaged for fall and/or spring semester.  If you are going to be enrolled for summer there will be a separate award letter packaged towards the end of spring semester.

• The award letter is your reference guide to determine your eligibility according to the number of your enrolled credits for any given semester. You may have a paper copy or view it online.
• The Minnesota State Grant (MSG) chart on the bottom of the first page needs to be used to determine MSG eligibility at a certain credit level.  A MSG may vary greatly from three to 15 credits.

• Federal Pell and/or Minnesota State Grant (MSG)  will apply to your account without anything else to be done.  These are entitlements and do not have to be paid back.
• Work study will require some additional paperwork before you can begin working.
• Loans will require an online Master Promissory Note (MPN) to be completed.  Students are not obligated to apply for any loan.  Loans have to be repaid.
  Ü The "Official Award" letter lets you know that you have eligibility.
  Ü Determine your loan eligibility by using your credit level and adding fall
        and spring semester together.
  Ü Choose from the list below to begin the loan application process.
         Sub and/or Unsub Federal Stafford Loan
         Federal PLUS (Parent Loan for Undergraduate Student)
         SELF Loan
• Bookstore charging is allowed against your financial aid for required books.  When bookstore charging has begun check with the Business Office to see if you would have any available financial aid to use for charging your books.
• Students who have a complete financial aid application on file by June 1 receive priority consideration for campus based aid such as FSEOG and work study.  Then files are reviewed on a first-come, first serve basis.
• Students must be accepted for admission into an aid eligible program and be enrolled at Central Lakes College to be eligible to receive financial aid.
• If there has been a change to family income and/or situation, large medical and/or dental expenses paid or other special circumstances since the FAFSA was completed please stop in the office to talk to someone about your situation.  You may also complete the Special Circumstances form and bring it with when you come in for a discussion about your situation.

• "Aid Disbursement" to you will take place on the 12th day or later of fall and spring semester or the 10th day or later of summer semester
• For each term there are specific disbursement dates