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There are many ways to get financial assistance for college; from grants and employment to a wide variety of loans and scholarships. BSU provides a comprehensive array of aid options, in addition to helping students and their families navigate the process of investigating and obtaining assistance from federal, state and private sources.

Our office is here to ensure you achieve your degree without spending a lot of time worrying about money. We also don't want you to graduate with too much debt, so we will do our best to help you make the most responsible decisions possible.

A tool which you may wish to utilize is Grad Ready.  It's a money management website that has engaging videos and tools covering real-world topics such as paying for college, credit, student loans and identity theft.  This service is free for you to use, and because Grad Ready is online, it is right at your fingertips when your busy schedule permits.  Check it out!

Sometimes it's good  to be below average.

average debt $27,000

Get tips to lower your loans.

If you need any information or guidance beyond what you find on this site, please contact us via phone at 1-877-755-FAID or at (218) 755-2034.  Email, or visit us in Deputy Hall 114. 


Financial Aid Application Process for 2014-2015

It is critically important that you use the available Internal Revenue Service (IRS) information retrieval process to download your income tax information directly into your FAFSA. This process will be available approximately two weeks after you have electronically filed your federal income tax return.

Important Federal Financial Aid Changes

Effective July 1, 2014, all Federal Direct Loans have new interest rates.  Click on the link below.

Interest Rate Table



Follow a student's typical application process.
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  • 2015-2016 Priority Application Date: The 2015-2016 Financial Aid process must be completed by March 31, 2015 to be considered for Federal SEOG Grant, Perkins Loan, and Work Study.
  • Federal Pell Grant recipients must finalize all registration within the first 30 days of the semester. A student  who withdraws from a course within the first 30 days of the semester will have their Pell award reduced to the adjusted level of enrollment.
  • A completed FAFSA must be received by the Federal Aid Processing Center within the first 30 days of the semester to be eligible for a Minnesota State Grant.