See below for answers to frequently asked financial aid questions.
What is Muskingum's Federal School Code?
Our school code is 003084. You will need this code when filing the FAFSA to ensure that we receive your information.
Am I eligible for financial aid?
The foundation of Muskingum's financial aid program rests with its financial assistance to students who need such assistance in order to attend. More than 85 percent of all Muskingum-funded grants and scholarships go to students who demonstrate financial need, which is in addition to federal, state and private funds allocated to needy students. If you wish to be considered for need based financial aid please visit our Need-Based Financial Aid page.
Do I have to reapply for financial aid every year?
Yes. If you want to be considered each year for federal grants and loans, and Muskingum need-based grants you must re-apply for financial aid every year. The first step to re-applying for financial aid is to complete the renewal FAFSA (Free Application for Federal Student Aid). You can complete the renewal FAFSA online at the FAFSA website after January 1st. For additional information about applying for financial aid please visit our Need-Based Financial Aid page.
Does living off campus or commuting from home affect my financial aid?
Financial aid eligibility for students who live off-campus (live in a house or apartment and pay rent) is different than for students who live on campus.
Students who commute (live at home with parents) have different financial aid packages from off-campus and resident students because they do not have the same expenses (they do not pay room and board or rent). Commuter students' financial aid is based on their tuition and transportation costs.
When do I receive my financial aid?
Entering first year students should receive a financial aid award by mid April, provided that they have been accepted for admission and their FAFSA was filed by the priority deadline of March 1. Returning students should receive a financial aid award in June provided that they filed the FAFSA by the priority deadline of April 15 and requests for additional information have been fulfilled.
What are the requirements for keeping my scholarship and financial aid eligibility?
Students who have been awarded an academic scholarship must maintain a 3.0 cumulative GPA to remain eligible for the scholarship. Students must maintain Satisfactory Academic Progress (SAP) to maintain eligibility for financial aid.
How do I use external scholarships (or scholarships that I received outside of Muskingum)?
Awards from private sources in excess of $100 which are not indicated on the aid award must be reported to Student Financial Services, and appropriate adjustments will be made where necessary. In most cases the external award will replace the Responsible to Pay amount or the loans and work component of the aid package. There may be instances where it will be necessary to adjust other aid. To report external awards please print, complete, and mail the External Scholarship Response Form to Student Financial Services.
When can I purchase my books and how much do they generally cost?
Barnes and Noble Campus bookstore generally has books available a few weeks before the start of the semester. Students may purchase new or used books (at a reduced price) or rent books either at the bookstore or online at the bookstore website. If books are purchased from the bookstore website the bookstore will box the books and have them available for the student at the campus mailroom. We estimate that books will cost approximately $550 a semester.
What happens if there is a loss of income in my family that affects my ability to pay for school?
If there is a change in your financial situation while you are attending school please contact the Student Financial Services office at 740-826-8139.
How is my financial aid affected if I decide not to continue participating in athletics?
A student’s participation or performance in intercollegiate athletics at Muskingum has no relationship with the financial aid package. The NCAA prohibits any consideration of athletics in the awarding of financial aid at the Division III level. Muskingum complies with NCAA rules. Financial aid eligibility can be based on multiple factors, with the family’s financial need and the student’s academic performance being the most important. A student’s athletic participation or ability is not a factor, and is usually unknown to the financial aid professional at the time the aid package is constructed.
What is the meal plan and when do I sign up for it?
Students living in campus housing are required to purchase a meal plan. There are four different meal plans to choose from. Click here to view the four meal plan options.
When is the tuition deposit due and what does it cover?
All incoming students are required to submit a tuition deposit of $200 by May 1. The deposit establishes your place in the class. For resident students the deposit will allow then to complete room/dorm preferences. A portion of the deposit will go towards the student tuition bill.
What is the difference between subsidized and unsubsidized Federal Direct Loans?
Subsidized loans are loans that the federal government is responsible for paying the interest while the student is in school. Sometimes, part or all of the loan awarded will be classified as unsubsidized, meaning the student, rather than the government, is responsible for the interest while enrolled in school. Eligibility for each type of loan is determined by the EFC from filing the FAFSA as well as student grade level.
How do I apply for a loan?
Please see our Student and Parent Loans section for step-by-step instructions on how to apply for student and parent loans.
Is there anyone available that can help me complete loan applications?
The Student Financial Services office is available throughout the academic year and over the summer to help students and parents complete loan applications. The university will offer several one day orientation sessions (called Muskie Preview) in June. Students and parents can pick one day to attend. While at Muskie Preview students will register for classes, have their student ID picture taken, and select dorm room preferences. Parents will attend sessions provided by Muskingum staff that will go over academics, student life, and student accounts. The financial aid office will provide help with loan selection and application.
When do I have to have my payment options finalized?
Students will receive their billing statement in July. Parents and students must have their payment arrangements finalized in August as the first semesters payment is due August 15th. If a student or parent is taking a loan to cover the Responsible to Payamount half of the loan amount will be disbursed for the fall and half of the loan amount will be disbursed for the spring. Students and parents who are taking loans to cover their balance can mark on the billing statement that they have been approved for a loan to cover the balance then send the billing statement back to Muskingum. Additional FAQ’s about your billing statement are posted on our Business (Billing) Office website.
If I find a job on campus when and how do I get paid?
Students are responsible for finding a job on campus. Students who were awarded work study eligibility as part of their aid package will have first priority when applying for campus jobs. A list of available job openings will be available in the Student Financial Services office during the first week of class. Students are generally paid minimum wage and work under 10 hours a week. Payday is once a month and wages will be paid to students through a debit card system. Students who are working for the first time on campus will need to provide a copy of their birth certificate, social security card, or passport, and a copy of their school ID or driver’s license before they can work and be paid. For more information on student jobs please visit our Employment section.
Can I get financial aid if I study abroad?
Financial aid is available for students who choose to study abroad. For more information please see our Other Financial Aid Programs page.
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