Applying For Aid using the Montana State University Billings (MSUB) Financial Aid Process

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Step 1:
Apply for Admission
Usual Time Frame: Anytime

Step 2:
Submit a Free Application for Federal Student Aid (FAFSA)  

  • The FAFSA must be filed annually, and becomes available for the upcoming academic year (Fall/Spring) in December.
  • Students are encouraged to apply sooner than later to ensure their financial aid package is processed before school starts, applications will be subject to available funds.

Step 3:
FAFSA sent electronically to the colleges listed by the student

  • MSUB's school code: 002530

Usual Time Frame: 2 weeks

Step 4:
Apply for scholarships
Usual Time Frame: Feb 1 – priority date

Step 5:
MSUB requests additional information or documents needed to review file:

  • Submit requested documentation as soon as possible

Usual Time Frame: 1-2 weeks

Step 6:
File goes to REVIEW status and financial aid counselor determines eligibility.

  • Longer time frames may occur for documents submitted during peak times (July, August & September)

Usual Time Frame: 2-4 weeks

Step 7:
Award notice postcard sent to student at mailing address in Banner.
Usual Time Frame: 1-6 days

 

NOTE: The time estimates listed above require that the school receive a VALID Student Aid Report (SAR). If the school receives a EJECTED SAR, the student is responsible for resolving any omissions or errors, usually missing signatures. The college does not know which students are selected for verification until we receive a valid SAR. At that point we will send the student a letter asking for the necessary verification materials that could include: verification worksheets along with documentation, tax return transcripts and/or W2s. If we receive unsigned worksheets or if there are discrepancies the review process can extend for weeks longer than the time estimates listed above.