Receiving your funds
Disbursement of Financial Aid
At MNU, financial aid is generally awarded for the academic year (Fall and Spring) and disbursed one-half each semester. Students must have completed the following requirements before aid can be disbursed, or paid toward the student’s MNU charges.
- Student must have ALL Admission requirements completed and be in an eligible program of study.
- Student must have ALL financial aid requirements satisfied and have all aid accepted. Login to your MNU account to accept/decline awards and monitor requirements.
- Student must be enrolled in the correct number of hours for each financial aid program.
Financial Aid will be disbursed after enrollment is closed, usually about two weeks after the beginning of each term, AND if all the above conditions are met.
Purchasing of Books
Because student financial aid will not disburse until after the semester begins, students will need to be prepared to pay for their books with cash, check, or credit card even if the financial aid will overpay the school bill.
Refund Checks
Refund checks will be issued by the Cashier’s Office if your financial aid overpays your student charges and creates a credit balance. Overpayments are usually reviewed on Thursdays and refund checks are available for pick-up after 2:30 p.m. on Fridays.
