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Scholarship Information
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Financial Aid

Minnesota School of Business/Globe College participates
in all of the following Financial Aid Programs:

Federal Pell Grant Grant based on financial need student receives notification of eligibility with receipt of Student Aid Report(SAR) which must be submitted to the school for determination of amount based on cost and credits. $400 - $4050 FAFSA
MN State Grant Grant based on financial need.  Must be undergraduate student and a  MN. Resident.  $100 - $7662 FAFSA and School Financial Form
Federal Supplemental Education Opportunity Grant (SEOG) Grant based on financial need awarded by the institution.  Notification is made approximately four weeks after start date. $480 - $1200 FAFSA
Federal Stafford Loan (Subsidized and Unsubsidized) Long-term, Low interest loan (variable interest with 8.25% cap,  currently 3.42% for July 2003 through June 2004).  Payments deferred until six months after student leaves school or attends less than half time.  Need based calculation.

First year up to $2625

Second year to $3500

Third year to $5500

FAFSA, Master Promissory Note, & Online Entrance Counseling
Federal Parent Loan for Undergraduate Students (PLUS) Long-term variable interest rate loan with a 9% cap (currently 4.22% for July 2003 through June 2004) for parents of dependent undergraduates. Up to need Federal Plus promissory note. FAFSA
Student Educational Loan Fund (SELF) Supplemental, variable interest rate loan, allows deferment of principal while in school and requires credit-worthy co-signer Up to $4500 per year. FAFSA, SELF application.
AFG Alternative Loan Program Supplemental, variable interest rate with 2 options, allows deferment of principal while in school at least half-time, allows use of loans for less than half-time attendance and does not require a co-signer, if borrower meets credit requirements Up to tuition/fee/book costs AFG application

All Students that intend to use the Federal Stafford Loan Program must complete Entrance Counseling when they enter Minnesota School of Business/Globe College.  Exit Counseling is also required when students enrollment in school drops below 6 credits. 

Select the appropriate link below based upon your primary campus of attendance.

Minnesota School of Business & Globe College

Minnesota School of Business & Globe College

PIN NUMBER: Applying for a Federal PIN number, the student and/or Parent will be able to sign the Free Application for Federal Student Aid (FAFSA) online.

FAFSA on the Web: Online application for the Free Application for Federal Student Aid (FAFSA)

MHESO: Minnesota Higher Education Services Office (MHESO) administers both the State Grant and the SELF loan Program also has a great deal of Financial Aid Information

AFG: Academic Funding Group (AFG)  is our preferred lender for the Stafford Programs and also offers a supplemental loan for students that may need some additional funding.

The following links may be helpful in finding scholarships that will help with funding your education.  Remember the scholarship process can be very time consuming and slow so start early and stick with it.
College Board:
Free Scholarship Search:
Scholarship Page:
Wired Scholar:

The Financial Aid Administrator’s at each of our campuses are there to assist you in securing the needed funds to pay for your education.
Richfield Campus: (612) 861-2000.
Brooklyn Center Campus: (763) 566-7777

Plymouth Campus: (763) 476-2000
Globe College Campus: (651) 730-5100


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