Financial aid timeline

For undergraduate students 

Financial aid timeline for undergraduates
Date Item description
October 1, 2021

The Free Application for Federal Student Aid (FAFSA) for 2022-23 opens. 

We encourage you to complete the FAFSA early (see financial aid steps). The University will review your information and start sending you notifications regarding your next steps starting in November or December.

March 2022

Estimated Financial Aid Notices begin going out to first-year and transfer students. 

If you are admitted to the University and have completed the financial aid process, you will receive an Estimated Financial Aid Notice from One Stop Student Services.

Returning students will not receive an Estimated Financial Aid Notice. 

Late July 2022

The University sends financial aid offers.

You will receive an email with instructions on how to review your financial aid offer for the upcoming academic year. The email will be sent to your University email account. 

Please review your offer. If your offer includes loans or work study, you can accept, decline, or reduce the amount you’ve been offered. You need to complete required loan documentation before you receive any loans that are accepted with your financial aid offer.

August 29, 2022*

Fall disbursement begins.

During this week, your financial aid will be sent to your University student account. If you have excess funds after your tuition, fees, housing, and other authorized charges are paid, that money will be sent to you via check or direct deposit.

If you have additional tuition, fees, housing or other charges that are not covered by your financial aid, you will receive a bill for those charges.

September 6, 2022* Fall term begins.
September 19, 2022*

Fall term census is taken. 

The census date is the point at which your enrollment is locked for financial aid purposes. 

October 6, 2022*

Minnesota State Grant deadline

If you did not already fill out a FAFSA, this is the last day to complete a FAFSA and still be eligible for the Minnesota State Grant for the fall term. You must be a Minnesota resident to qualify. Note: A student can still submit the FAFSA after this deadline and be eligible for the grant in the Spring. 

January 10, 2023*

Spring disbursement begins.

During this week, your financial aid will be sent to your University student account. If you have excess funds after your tuition, fees, housing, and other authorized charges are paid, that money will be sent to the bank account you designated for direct deposit. 

If you have additional tuition, fees, housing or other charges that are not covered by your financial aid, you will receive a bill for those charges.

January 17, 2023* Spring term begins.
February 16, 2023*

Minnesota State Grant deadline. 

If you did not already fill out a FAFSA, this is the last day to complete a FAFSA and still be eligible for the Minnesota State Grant for the spring term. You must be a Minnesota resident to qualify.

You can still submit the FAFSA after this deadline and be reviewed for other aid eligibility. 

* Dates are approximations and are subject to change. To view more relevant dates to your student experience, please visit the academic calendar

Ongoing offers and disbursement

Financial Aid continues to be offered and disbursed throughout the term as students accept and respond to their offers. Please contact One Stop Student Services if you have already responded to your aid offers and need to make changes. 

Census date and financial aid eligibility

In order to comply with federal regulations, the University of Minnesota recalculates Federal and State aid based on the enrollment status as of the census date according to the State of Minnesota. The census date is the point at which your enrollment is locked for financial aid purposes, and it typically coincides with the last date you can drop classes for a full tuition refund. 

Grants and aid can be affected by the census date. If you increase or decrease your enrollment through the census date, your grant eligibility will be adjusted to ensure that it is the appropriate amount based on your level of enrollment. 

If you increase your enrollment level after the census date 

If you are given permission to add classes after the University census date deadline, you'll be responsible for any additional tuition charges. Contact One Stop to review additional financial aid eligibility.

You have the option of completing a Late Enrollment Appeal to have aid/scholarship eligibility reviewed in this situation.

If you decrease your enrollment level after the census date

  • You may be held accountable for a coursework drop. Please refer to Satisfactory Academic Progress requirements. 
  • If you have loans and drop below 6 credits, any future disbursements will be canceled per federal regulations.