INFORMATION IN DEMAND
The Master Promissory Note needs to be reviewed and signed and entrance counseling must be completed before your financial aid can be awarded.
To complete your Master Promissory Note, go to: MyFSU > Academics & Services tab > Financial Aid Forms & Links.
IMPORTANT: You must have your four-digit federal Personal Identification Number (PIN)to complete the Master Promissory Note (MPN). If you have lost or forgotten your PIN, you may request a duplicate PIN, viewable online. You must accept your financial aid award in order for the Master Promissory Note to be certified.
Your financial aid budget is what the financial aid office uses as your average cost of attendance, which includes classes, books, housing and other living expenses.
The Financial Aid office will send your first award notice via US mail to your permanent address. Future award notices will then be sent electronically to your Ferris email address. The award notice will include your budget, need formula and the type and amount of each fund being offered to you.
We recommend that you accept or reject each type of aid within 21 days of receiving the offer to prevent cancellation of the aid offer. If you are unsure as to whether or not to accept or reject a particular type of aid, we recommend that you contact a financial aid advisor to discuss your options.
To accept your loans, go to: MyFSU> Academics & Services tab > Financial Aid Awards> Accept Award Offer
CAUTION! Plan ahead for Summer aid: Remember that your FAFSA runs one full year, Fall, Spring and Summer, but your aid is dispersed to you in the Fall and Spring semesters. If you plan to take classes year-round, work with your financial aid office to plan for each semester so you have enough aid to cover all three semesters.
A consortium form allows you to tell the financial aid office which community college classes you are taking so those credits can be counted when packaging your aid. All consortium forms are approved by your advisor and the community college classes must fit within your academic plan.
To fill out your consortium form, go to MyFSU > Academics & Services > Financial Aid Forms & Links > On-Line Consortium Form.
Be sure to submit your consortium form by the due date to ensure you receive your financial aid refund on time! Submit a new form if any changes are made to your community college schedule.
We recommend that you set up a direct deposit account through MyFSU. To receive the $400 financial aid book advance, you must have direct deposit. If you have a direct deposit account, you will also receive your funds earlier.
To do this, go to MyFSU > Academics & Services > Timme Center for Student Services > Student Financial Aid Direct Deposit.
Wondering if you need to do anything else in order to receive your financial aid? Check the Student Requirements link on MyFSU.
Still Have Questions? A Financial Aid Officer is available to answer your questions. Call your local office to set up an appointment.