Analysis takes into account such family financial factors as current income, assets, and number of dependent family members, other educational expenses, debts, retirement needs, and special considerations. Be sure to include the Medical Institute of Minnesota college code 007619, on your application. Complete the MIM Financial Aid Application and submit it to the Financial Aid Office. Once all documents are received, the applications are reviewed to determine financial aid eligibility for all available programs. A financial aid award letter will be sent to the student.
Additional information is available to the student describing student loan eligibility.
The student must complete and return the Stafford Loan application promissory note to receive Stafford Loan funds. Applications for the SELF Loan and the Parent PLUS Loan are available upon request. Per federal requirements, first-time students at MIM who borrow from the Stafford loan programs are eligible to receive the first disbursement of their loan 30 days into the first quarter. In addition to the federal and state programs listed above, MIM participates in other programs designed to provide financial aid to specific groups of students. In conjuction with aid administered by MIM, students are urged to investigate the possibility of scholarships, grants and loans that might be available in their own communities.