Types of Financial Assistance

Grants

Grants are gifts of money that do not have to be repaid.

Federal Pell Grant may be awarded to undergraduate students pursuing their first bachelor’s degree for up to 12 semesters (or its equivalent of 600%). The amount of the grant is based on the EFC number, the student’s need, estimated cost of attendance, the student’s enrollment status, and the money appropriated by the Federal Government.

Federal Supplemental Educational Opportunity Grant (SEOG) may be awarded to undergraduate students who are eligible for a Federal Pell Grant. SEOG is a campus-based program; therefore, students must submit the FAFSA and meet the priority deadline of April 15.

Teacher Education Assistance for College and Higher Education (TEACH) Grant may be awarded to students who maintain a 3.25 grade point average and agree to teach full-time (for at least four years within eight years of graduation) at a school serving a high percentage of low income students. The students must agree to teach a specific subject (math, science, technology, engineering, a foreign language, bilingual education, special education, or as a reading specialist). The grant provides up to *$4,000 a year (not to exceed $16,000 for undergraduates); however, if the student does not fulfill the teaching requirement, the grant funds become a Direct Unsubsidized Loan, which must be repaid.  

*[NOTE: Due to sequestration, there have been reductions to the maximum award amount.]

Iraq and Afghanistan Service Grant (IASG) may be awarded to a student whose parent or guardian died as a result of U.S. military service in Iraq or Afghanistan after September 11, 2001. Applicants with a Pell-eligible EFC will be awarded a maximum *Pell Grant and all Title IV aid will be based on an EFC of zero; applicants who are not Pell-eligible will receive an IASG award equal to a maximum Pell Grant for the award year. All other Title IV aid must be based on the student’s calculated EFC.  

*[NOTE: Due to sequestration, there have been reductions to the maximum award amount.]

North Dakota State Student Incentive Grant Program (SSIG or State Grant) may be awarded by the North Dakota University System to undergraduate students who are United States citizens, residents of North Dakota, and have not previously received a State Grant for more than eight semesters. The grants are need-based and are dependent upon the availability of funds and pro-rated (based on enrollment status). Therefore, the awards may be downward adjusted based on unmet need and/or to reflect the appropriate enrollment status. Students apply by submitting the FAFSA prior to April 15. For more information, visit www.ndus.edu/students/default. asp > Paying for College > North Dakota Grants and Scholarships.

Loans

Loans are financial aid monies that must be repaid.

Direct (subsidized and unsubsidized) and Direct Parent Loan for Undergraduate Students (PLUS) are available at Dickinson State University. The interest rates are expected to be set on July 1.  

[NOTE: Due to sequestration, the origination fees for Direct Loans may change.]

Prior to the release of the first Federal Direct Loan disbursement, students must accept the loan in Campus Connection, complete entrance loan counseling and a Master Promissory Note (MPN) at www.studentloans.gov. Forbearance, Deferment and Cancellation of Loan information can be found on the Master Promissory Note.

Loan funds that are received electronically are credited directly to the student’s account. Loan funds that arrive in the form of a check must be endorsed by the student and then will be credited to the student’s account. Any funds in excess of the amount owed the University at the time of disbursement are considered “excess aid” and may be disbursed to the student in the form of a check or direct deposit transaction. Disbursement could be delayed if students have not completed Entrance Loan Counseling and MPN, are not enrolled at least half-time, or have a “hold” on their account.

Direct Subsidized Loan may be awarded to students who are enrolled at least half-time and have need. If eligible, a freshman may borrow up to $3,500, a sophomore (or a student in a two-year program) may borrow up to $4,500, and a junior or senior may borrow up to $5,500. The maximum amount that can be borrowed is $23,000. Repayment begins six months after graduation or if the student ceases to be enrolled at least half-time.

A new borrower, on or after July 1, 2013, is eligible to receive Direct Subsidized Loans up to 150 percent of the time it takes to complete the educational program. For example, a student enrolled in a two-year program will have three years' worth of subsidized loan eligibility and a student in a four-year program will have six years' worth of subsidized loan eligibility. The borrower becomes responsible for the accruing interest during all periods as of the date the borrower exceeds the 150 percent limit.

Direct Unsubsidized Loan is a non-need based program for those ineligible for (any or all of) the Direct Subsidized Loan. The student is responsible for the interest payment while enrolled. The additional annual loan limit for dependent undergraduate students is $2,000. The additional annual loan limit for independent undergraduate students (or students whose parents are unable to obtain Direct Parent Loans for Undergraduate Students) is $6,000 a year for the first and second years of study and $7,000 for the third and fourth years of study. Repayment begins six months after graduation or if the student ceases to be enrolled at least half-time.

The aggregate loan amount for dependent students is $31,000; the aggregate loan for independent students is $57,500.

[NOTE: Exit Loan Counseling is required at the time a student graduates, drops below half-time status or terminates enrollment at Dickinson State University.]

Direct Parent Loan for Undergraduate Students (PLUS) enable parents to borrow money to help pay for their children’s education. Parents may borrow on behalf of a dependent student. The maximum loan amount that a parent may borrow for each dependent student is the difference between the cost of attendance and any other financial assistance. The PLUS loan requires a separate application. If the period of enrollment is more than one semester, there will be multiple disbursements. Generally, the loan enters repayment within 60 days of the final disbursement. To apply, go to www.studentloans.gov, complete the PLUS Request Process and a Master Promissory Note. 

Federal Perkins Loan may be awarded according to availability of revolving funds. Federal Perkins is a campus-based loan; therefore, priority is given to students whose FAFSAs are submitted by April 15. It is a 5% interest loan with a $5,500 per year limit (maximum $27,500). If eligible for this loan at Dickinson State University, the minimum amount is $400. Students need to complete entrance loan counseling and a Federal Perkins Loan Master Promissory Note. Repayment (through Student Loan Service Center, Dept. 3180, PO Box 6050, Fargo ND 58108-6050) begins nine months after the borrower ceases to be enrolled at least half-time.

[NOTE: Students may be granted loan forgiveness if they meet certain criteria. Examples include the Public Service Loan Forgiveness program (for borrowers who make 120 payments on a qualified loan while employed full-time in a public service job) or the Teacher Loan Forgiveness Program. To find out more about the eligibility requirements for teacher loan forgiveness and about deferment provisions, visit the Cancellation/Deferment Option for Teachers at www.studentaid.ed.gov/tc. For information about the Teacher Shortage Loan Forgiveness Program or the Technology Occupations Student Loan Forgiveness Program in the state of North Dakota, visit www.ndus.edu/students/default.asp > Paying for College.]

Nursing Student Loan (NSL) may be awarded according to availability of revolving funds. It is a 5% interest loan with a $3,300 per year limit for the first two years and a $5,200 per year limit for subsequent years (maximum $17,000). If eligible for this loan at Dickinson State University, the minimum amount is $400. NSL regulations require verification of student information. Students need to complete a Nursing Student Loan Master Promissory and Entrance Loan Counseling . Repayment (through Student Loan Service Center, Dept. 3180, PO Box 6050, Fargo ND 58108-6050) begins nine months after the borrower ceases to be enrolled at least half-­time in a nursing program.

Nursing Education Loan is awarded by the North Dakota Board of Nursing. Applicants must be accepted or enrolled in a nursing program approved by the North Dakota Board of Nursing. The loan amounts are up to $2,000 for the Associate in Science in Practical Nursing program and up to $3,000 for baccalaureate completion programs. Repayment is by nursing employment in North Dakota after graduation and/or by monetary repayments. The application is available at www.ndbon.org>Education; the deadline is July 1.

Student Employment

Student employment provides an opportunity to earn money to help pay educational costs. Students are paid an hourly wage, and time sheets are submitted twice a month. Paychecks are through electronic transfer on the 15th and last day of each month.

Student employment on campus can either be in positions funded through Federal Work Study (FWS) dollars or in positions funded through institutional dollars. If a student is eligible for Federal Work Study, the assistance is included in the Financial Aid Award Notice. Eligible students will receive a Student Employment Form. Federal Work Study is a campus-based program, and priority is given to students whose FAFSA is submitted by April 15. Community service jobs, such as reading tutors, are available for students. Students who are not awarded FWS may apply for institutionally funded positions. Contact the Career Development Coordinator for more information.

Scholarships/Awards

Scholarships/awards are gifts recognizing students on the basis of academic achievement, special skills, or other criteria.

Dickinson State University Foundation Scholarships/Awards are supported by gifts from friends and alumni of the University. Students complete a scholarship application online during the designated time frame. To apply, visit: dsufamily.academicworks.com. The priority deadline is December 15. Dickinson State University Alumni and Foundation scholarships and awards will be disbursed in two allotments for the fall and spring semesters. Contact the Dickinson State University Alumni and Foundation for current listings. An external (outside the University) list of scholarships is available at: www.dickinsonstate.edu > Current Students > Financial Aid > FA Info>Scholarships and Awards.

Institutional Aid: Dickinson State University has developed a well-rounded program of institutional aid to assist students in their quest for a college education. Each student is given personal consideration, and an attempt is made to fit the financial aid package to the student's need. Dickinson State University's Institutional Aid Policy is posted on the website at: www.dickinsonstate.edu > Current Students > Financial Aid > Apps & Forms > Institutional Aid Policy. This policy addresses the parameters that govern: Talon Athletic Tuition Waivers, Cultural Diversity Tuition Waivers, Fine Arts Tuition Waivers, Spouse/Dependent Tuition Waivers, Dickinson State University Rodeo Awards, Dickinson State University Blue Hawk Theater Awards, Dickinson State University Blue Hawk Music Awards, Institutional Waivers, Roughrider Awards, Senior Citizen Waivers, Academic Achievement Waivers, Early Bird Waivers, and Housing Waivers.