Financial Aid

Financial aid helps students and their families pay for college. This financial assistance covers educational expenses including tuition and fees, room and board, books and supplies, and transportation. There are several types of financial aid, including grants and scholarships, work-study, and loans. Financial aid awards may include a combination of the various types of aid. 

We know that applying for financial aid can be rather intimidating, so we try to make the process run as smoothly as possible for our students. Our goal is to educate and guide students through the financial aid process. Here at Mayville State University, you can always count on personal service. We will work with you to select the right combination of aid available according to your needs, and then guide you through the process.

The four basic sources of financial aid are: 

• Federal Financial Aid - the largest source of financial aid that offers (9) nine different aid programs 

• State – North Dakota has various different aid programs based on financial need, academic merit, talents, or career choices 

• Institutional - colleges and universities offer numerous scholarships, grants, and loans to students 

• Private Sources - come from many different civic organizations, associations, clubs, foundations, churches, and businesses 

The four types of financial aid are: 

• Grants - awarded to students that show they have financial need.  Grants typically do not require repayment 

• Loans - a source of aid that must be repaid, usually with interest, after you graduate or stop going to school 

• Work-Study - a program where students may work and earn money to help pay for school 

• Scholarships - awarded to students based on special talents, skills, or high academic achievement 

*Some loan, employment, and scholarship programs have financial need as a requirement. 

For additional information on types of aid, please click here.