Financial Aid

Policies, Rights & Responsiblities

Students have certain rights and responsibilities as recipients of student financial aid. These are explained in this section. Please read carefully.

Crediting aid to student accounts

All finalized gift aid listed on the Award Notice will be credited directly to the student's Business Office account by semester. Aid will be disbursed no earlier than 7 days prior to the start of a term or upon verification of enrollment and financial eligibility. Students are responsible for securing payment for any other types of aid. For information on Campus Employment earnings please see Employment. Federal Loans will be disbursed no earlier than 7 days prior to the start of a term or upon verification of enrollment and financial eligibility providing that the appropriate counseling and promissory notes have been completed. Private Loans will be disbursed no earlier than 30 days before the start of a term upon verification of enrollment and financial eligibility.

Federal Pell Grants and State Grants

In addition to Muskingum University resources, we project your eligibility for Pell and state grants, where applicable. If these grants are not listed on the Award Notice, then we have projected that you are not eligible. These awards are initially estimates; the amounts will be finalized in late summer, as official notification will come directly from the government agencies. The accuracy of the estimates is dependent upon funding levels and eligibility criteria set by the specific agency. If actual award amounts differ significantly from estimated figures, appropriate adjustments will be made to the package except in situations where the estimate was based on inaccurate information provided by the applicant or the government programs are not fully funded, in which case it may not be possible for Muskingum to make up entire funding shortages. A Student Aid Report (SAR) is sent to financial aid applicants notifying them of their eligibility for the Federal Pell Grant; Muskingum receives this information electronically from the federal processor. Ohio and Pennsylvania state programs send notification of eligibility to both students and colleges directly.

Muskingum Awards of Circumstance

Students who are enrolled full-time and who meet stated Award of Circumstance criteria are automatically eligible for these awards. Awards of Circumstance include: Out of State Grants, for domestic students who are from a state other than Ohio; Presbyterian Grants to students who are communicant members of the Presbyterian Church, USA; Legacy Grants to children and grandchildren and siblings of Muskingum University alumni and to students who have a sibling currently attending Muskingum; General Motors/Equal Employment Opportunity Commission Scholarships for minority students and to female dependents of eligible GM employees.

Muskingum Grants, Endowed Scholarships

Muskingum Grants are awarded to students demonstrating financial need. The amount of the grant is based primarily on need, although academic performance and abilities are considered. In cases of extreme financial need an Federal Supplemental Educational Opportunity Grant (SEOG) may be included as part of a student’s financial aid package. Muskingum PLUS Grants are awarded to students demonstrating financial need who are part of the PLUS Program. Endowed Scholarships are made available through the generosity of alumni and friends of Muskingum to provide financial support for the education of current and future students. Endowed scholarships are need-based awards, and may have certain eligibility requirements. Recipients of Endowed Scholarships may be required to communicate periodically with the donor and/or participate in college functions as conditions of the award.


Students must indicate the state of their legal residency on the admission application, as this is a consideration for state grant assistance. Legal residency generally requires that a student live in the state for a complete 12 month duration, pay taxes to that state, and have a driver's license in that state.

High School Diploma

Students must have earned a high school diploma or its equivalent (GED or passing score on an accepted Ability to Benefit measure) in order to be eligible for financial assistance.

Full-Time Enrollment

Students must generally be enrolled full-time (12 hours undergraduate) in order to receive all types of financial aid. Federal Title IV Aid (Pell, SEOG, Perkins, Federal Work-Study, Federal Direct Stafford) may be awarded to at least half-time students (6 credit hours undergraduate) and in special circumstances less than full-time students may receive Muskingum aid. Students with bachelors degrees may be considered only for Federal Direct Stafford Loans or private loans.

Selective Service

All students who have reached their 18th birthday must demonstrate that they have registered (or are not required to register) for the Selective Service in order to be eligible for state grants. You may register at the Selective Service System website.

Students Convicted of Sale or Possession of Drugs

A federal or state drug conviction can result in suspension from participation in any Title IV program (disqualify a student from receiving Federal Student Aid funds). Convictions count only for offenses occurring during a period of enrollment for which the student was receiving Title IV aid. The chart below illustrates the period of ineligibility for Federal Student Aid funds, depending on whether the conviction was for sale or possession and whether the student had previous offenses.

  1st offense 2nd offense 3 + offenses
Possession of illegal drugs 1 year from date of conviction 2 years from date of conviction Indefinite period
Sale of illegal drugs (includes convictions for conspiring to sell drugs) 2 years from date of conviction Indefinite period Indefinite period

Repayment of Federal Direct Stafford Loans

Student Loans are serious obligations which must be repaid. Repayment of principal begins after a student graduates, withdraws, or drops below half-time enrollment, and there is a six-month grace period between the time a student’s enrollment stops and repayment begins. Under certain conditions, such as full-time enrollment in college (both undergraduate and graduate), repayment of loans can be deferred. The repayment period for student loans is generally five to ten years, although this may be extended through a process called loan consolidation if total loan amounts exceed $7,500.

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