Financial Aid Programs

Welcome to the Office of Financial Aid

At Mississippi Valley State University we are committed to assisting students and their families in meeting the cost of a college education. Our goal is to ensure there are no financial barriers within our control that prevent you from earning a degree from Mississippi Valley State University.  The Financial Aid Office strives to provide personalized service to our students and their families to answer questions about financing your education.

Many MVSU students receive some sort of financial aid to help pay for tuition, room, board, books, and other costs (living expenses, transportation, and personals costs) associated with college.  We encourage all students to apply for federal aid today at www.fafsa.gov

FEDERAL SCHOOL CODE
002424

 

Office Location
William H. Sutton Administration Building
14000 Hwy. 82W, MVSU 7268
Itta Bena, MS 38941-1400
Telephone: 662-254-3335
 Fax: 662-254-7900
 
Office Hours
Monday thru Thursday – 8am - 5pm
Friday – 8am - 4pm
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Year-Round Pell Grants (Beginning Summer 2018)

The Consolidated Appropriations Act of 2017 allows a student to receive Federal Pell Grant funds for up to 150 percent of the student’s Pell Grant Scheduled Award for an award year. This provision is effective beginning with the 2017-2018 financial aid award year.

Important Note: The amount of Federal Pell Grant funds a student may receive over his or her lifetime is limited by a federal law to be 600 percent.  If a student's lifetime eligibility used (LEU) equals or exceeds 600 percent, the student may no longer receive Pell Grant funding. Students can log on to www.nslds.ed.gov to view their Pell Grant LEU.

To be eligible for the additional Pell Grant funds, the student must meet all general eligibility requirements to receive financial aid for the payment period and must be enrolled at least half time in the payment period for which the student receives the additional Pell Grant funds in excess of 100 percent of the student’s Pell Grant Scheduled Award.

Mississippi Valley State University will review student records in the spring semester to determine eligibility for a Summer Pell Award. Summer awards will be based on half-time enrollment (6 or more credit hours) and award amounts will be adjusted or canceled once enrollment is confirmed and academic progress is reviewed.  

Please review the following examples to help with determining eligibility for an additional Pell Grant award.

Scenario 1

Fall 2017

Spring 2018

Summer 1  2018

Summer 2  2018

Enrollment

12 hours

12 hours

6 hours

6 hours

Pell Award

$2,960 (50%)

$2,960 (50%)

$1,480 (25%)

$1,480 (25%)

 

Scenario 2

Fall 2017

Spring 2018

Summer 1  2018

Summer 2  2018

Enrollment

12 hours

12 hours

6 hours

3 hours

Pell Award

$2,960 (50%)

$2,960 (50%)

$1,480 (25%)

$0 (0%)