All financial aid (except College Work Study) which has been authorized at the time the MSU Billing Statement is produced will appear on the bill as Anticipated Aid.
Actual financial aid payments are not made until ten days before the first class day of the semester. Until that time, aid which students are eligible to receive will be listed on the bill and will reduce the amount owed.
Aid that does not appear as Anticipated on the account may require additional actions in the Student Financial Planning (SFP) financial aid system. Students or authorized guests may visit the portal at https://student.msu.edu/splash.html to view requested documents or actions.
Eligibility for each award is monitored during the semester and may change due to changes in enrollment as of the time it is credited to the account through the end of the semester. Refer to the Office of Financial Aid web page at https://finaid.msu.edu/ for further information on types of aid and the requirements for each.
If the total financial aid credited to the account exceeds the amount owed, the student may be entitled to a refund. Refunds are sent via Direct Deposit by the Student Accounts Office according to their calendar and students can contact that office for more information.