Financial Aid

Financial Aid Infographic

Click here for the net price financial aid calculator

Office Information

  • Campus Location: Joe W. Stout Hall
  • Telephone Number: (910) 630-7192/7193 or (800) 488-7110 (toll-free)
  • Office Hours: Monday – Friday, 8:00am – 5:00pm
  • Fax Number: (910) 630-7285
  • Mailing Address: Methodist University: Office of Financial Aid, 5400 Ramsey Street, Fayetteville, NC 28311
  • FAFSA Federal Code: 002946

News & Updates

2020-2021

The FAFSA is available October 1 each year at https://studentaid.ed.gov. . If you do not already have an FSA ID, you can create one when logging in to https://fsaid.ed.gov or any questions and/or assistance refer to the FSA ID website or call 1-800-557-7394.

Methodist University’s Federal School Code is 002946-00.

The 2020-2021 FAFSA must be completed using your 2018 tax information. We suggest that you use the IRS data retrieval tool (if eligible) to link your 2018 (prior/prior year) IRS information to the FAFSA. The FSA ID-a username and password must be used to log in to certain U.S. Department of Education websites. Your FSA ID confirms your identity when you access your financial aid information and electronically sign Federal Student Aid documents.

Federal sites that require an FSA ID – The National Student Loan Data System (NSLDS) at https://nslds.ed.gov which keeps a record of all the student / parents federal loans, Free Application for Federal Student Aid (FAFSA) at https://studentaid.ed.gov, FSA ID at https://fsaid.ed.gov and Federal Direct Loan / Pell Grant at https://studentloans.gov.

THE PRIORITY DEADLINE FOR COMPLETING THE FAFSA (FREE APPLICATION FOR FEDERAL STUDENT AID) AT METHODIST UNIVERSITY IS JUNE 1, 2020. ATTENTION ALL RETURNING STUDENTS FOR MAXIMUM CONSIDERATION OF ALL MU’S NEED BASED FUNDS (FOUNDERS GRANT, WORK STUDY, ETC.), THE FAFSA MUST BE RECEIVED AND FINANCIAL AID FILE COMPLETED BY THE PRIORITY DEADLINE OF JUNE 1, 2020.

2020-2021 Financial Aid Forms are coming soon to the MU website and the student’s myMU Portal !

2020-2021 Parent PLUS and Grad PLUS Loans – Applications for MU will open with the Department of Education on June 1, 2020 at https://www.studentloans.gov.

Requesting IRS Tax Return Transcripts from the IRS

To obtain an IRS Tax Return Transcript, www.irs.gov . After user authentication, students or parents will provide the reason for the request, select the year(s), type(s) of information requested, and other requested information and the document will be displayed in a PRINTABLE format. Make sure to request the “IRS Tax Return Transcript” and not the “IRS Tax Account Transcript.” Use the Social Security Number (or the IRS individual taxpayer identification number) and the date of birth of the first person listed on the IRS income tax return, and the address on file with the IRS (normally this will be the address used on the IRS income tax return). In most cases, for electronic filers, a IRS Tax Return Transcript may be requested from the IRS within 2-3 weeks after the IRS income tax return has been accepted by the IRS. Generally, for filers of paper IRS income tax returns, the IRS Tax Return Transcript may be requested within 8-11 weeks after the paper IRS income tax return has been received by the IRS.

North Carolina Residency Determination

North Carolina residency will be made by the State through its Residency Determination Service (RDS) website (https://www.ncresidency.org).

Additional information is located on our North Carolina NC Residency Determination website.

Direct Loan Subsidized Loan Time Limitation

To track your federal loans go to https://nslds.ed.gov. If you received your first federal student loan after June 30, 2013, there is a limit on the maximum period of time (measured in academic years) that you can receive Direct Subsidized Loans. In general, you may not receive Direct Subsidized Loans for more than 150% of the published length of your program. This is called your “maximum eligibility period.”

Pell Lifetime Limits

To track Pell Grant history go to https://nslds.ed.gov. There is a limit to the total amount of Federal Pell Grant that a student may receive, which is equivalent of 6 school years.

Satisfactory Academic Progress Policy

The guidelines have been revised.

Track Your Financial Aid Status in Your myMU Portal

You can now track your financial aid status in your myMU Portal, (view financial aid awards, missing or received information, or download documents and forms). For timely disbursement of funds, please submit any outstanding information to the Office of Financial Aid as soon as possible.


2019-2020

The FAFSA is available October 1 each year at https://studentaid.ed.gov. . If you do not already have an FSA ID, you can create one when logging in to https://fsaid.ed.gov or any questions and/or assistance refer to the FSA ID website or call 1-800-557-7394.

Methodist University’s Federal School Code is 002946-00.

The 2019-2020 FAFSA must be completed using your 2017 tax information. We suggest that you use the IRS data retrieval tool (if eligible) to link your 2017 (prior/prior year) IRS information to the FAFSA. The FSA ID-a username and password must be used to log in to certain U.S. Department of Education websites. Your FSA ID confirms your identity when you access your financial aid information and electronically sign Federal Student Aid documents.

Federal sites that require an FSA ID – The National Student Loan Data System (NSLDS) at https://nslds.ed.gov which keeps a record of all the student / parents federal loans, Free Application for Federal Student Aid (FAFSA) at https://studentaid.ed.gov, FSA ID at https://fsaid.ed.gov and Federal Direct Loan / Pell Grant at https://studentloans.gov.

THE PRIORITY DEADLINE FOR COMPLETING THE FAFSA (FREE APPLICATION FOR FEDERAL STUDENT AID) AT METHODIST UNIVERSITY IS JUNE 1. ATTENTION ALL RETURNING STUDENTS FOR MAXIMUM CONSIDERATION OF ALL MU’S NEED BASED FUNDS (FOUNDERS GRANT, WORK STUDY, ETC.), THE FAFSA MUST BE RECEIVED AND FINANCIAL AID FILE COMPLETED BY THE PRIORITY DEADLINE OF JUNE 1.

2019-2020 Financial Aid Forms are available on the MU website and the student’s myMU Portal !

2019-2020 Parent PLUS and Grad PLUS Loans – Applications are available online with the Department of Education at https://www.studentloans.gov.

Requesting IRS Tax Return Transcripts from the IRS

To obtain an IRS Tax Return Transcript, www.irs.gov . After user authentication, students or parents will provide the reason for the request, select the year(s), type(s) of information requested, and other requested information and the document will be displayed in a PRINTABLE format. Make sure to request the “IRS Tax Return Transcript” and not the “IRS Tax Account Transcript.” Use the Social Security Number (or the IRS individual taxpayer identification number) and the date of birth of the first person listed on the IRS income tax return, and the address on file with the IRS (normally this will be the address used on the IRS income tax return). In most cases, for electronic filers, a IRS Tax Return Transcript may be requested from the IRS within 2-3 weeks after the IRS income tax return has been accepted by the IRS. Generally, for filers of paper IRS income tax returns, the IRS Tax Return Transcript may be requested within 8-11 weeks after the paper IRS income tax return has been received by the IRS.

North Carolina Residency Determination

North Carolina residency will be made by the State through its Residency Determination Service (RDS) website (https://www.ncresidency.org).

Additional information is located on our North Carolina NC Residency Determination website.

Direct Loan Subsidized Loan Time Limitation

To track your federal loans go to https://nslds.ed.gov. If you received your first federal student loan after June 30, 2013, there is a limit on the maximum period of time (measured in academic years) that you can receive Direct Subsidized Loans. In general, you may not receive Direct Subsidized Loans for more than 150% of the published length of your program. This is called your “maximum eligibility period.”

Pell Lifetime Limits

To track Pell Grant history go to https://nslds.ed.gov. There is a limit to the total amount of Federal Pell Grant that a student may receive, which is equivalent of 6 school years.

Satisfactory Academic Progress Policy

The guidelines have been revised.

Track Your Financial Aid Status in Your myMU Portal

You can now track your financial aid status in your myMU Portal, (view financial aid awards, missing or received information, or download documents and forms). For timely disbursement of funds, please submit any outstanding information to the Office of Financial Aid as soon as possible.