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Steps to Take After Receiving Your Financial Aid Offer

Congratulations! You received your financial aid offer from South Dakota State University. We are happy to help you navigate through the financial aid process.

Step 1. Review your Financial Aid Offer

Review your financial aid offer and accept the funds that you want to receive. Watch the video below for a walk through on viewing and accepting your offer. Please note that there is one additional step that has been added since this video was made, you will first need to let us know how many credits you are planning on taking each semester before the View/Accept Awards tab will be clickable.

Step 2. Complete your Master Promissory Note, Entrance Loan Counseling and Annual Student Loan Acknowledgement

If you decide to accept a Federal Direct Loan and are a first time borrower, you will need to complete both Entrance Loan Counseling (ELC) and a Master Promissory Note (MPN) at StudentAid.gov before those loans can pay to your billing account. View the videos below for walkthroughs of completing the ELC and the MPN. Starting in the 2021-2022 school year, students will need to complete the Annual Student Loan Acknowledgement each year. This will be found at StudentAid.gov starting in May of 2021.

Entrance Loan Counseling Video
Master Promissory Note Video

Step 3. Make Sure You Are Meeting Minimum Credit Requirements

In order to be eligible for federal loans, you must be enrolled in 6 undergraduate credits as an undergrad or 5 graduate credits as a graduate student. If your credits are a combination of graduate and undergraduate credits, you still need to make sure you are hitting these requirements OR you may be able to have your advisor send the financial aid office an email stating that these credits are counting towards your program. 

Additionally, for financial aid purposes you may only re-take a course after passing it one time for it to count towards your financial aid enrollment. Because of this, some courses that have the same course number each semester but have different course topics, could show up as repeats. Please contact our office if you think this is the case for you. 

Step 4: Write Thank You Notes for Scholarships

If you are receiving a scholarship that requires a thank you note, you can view that requirement and submit the thank you note in your financial aid self service. Please see the video below for instructions on where to find this.

Step 5: Complete Attendance Confirmation

 Attendance confirmation may not be available when you are first accepting your financial aid offer, however it is required before your financial aid will pay to your billing account. Attendance confirmation typically comes out about a month before the semester starts and will show up on your MyState Dashboard. View the video below to see steps to complete the Attendance Confirmation. This is not available year round, you will get an email when this is open.