MSU Financial Aid/Bursar

MSU Financial Aid/Bursar
(270) 809-2546
200 Sparks Hall

MSU Bursar Office    (270) 809-4227

Murray State University offers a wide variety of financial aid for deserving students. This aid is designed to assist students in financing their education, to recognize scholastic achievement, to encourage continued educational growth and to reward service to the university and the community.

The Bursar’s Office is responsible for the collection of all fees owed to the University. The office is divided into two units:  Bursar/Student Loans, and Cashier. The Bursar/Student Loans office is located on the first floor of Sparks with the cashiers’ office being located on the second floor of Sparks Hall.

A student’s account with the Bursar’s Office accommodates all charges and credits directly related to the student’s cost of education.  Charges are defined as tuition, fees, room, meal plan and/or other fees charged to all students.  Norris and Owen loans, books, and long distance telephone service are not included on a student’s account and therefore must be paid separately.  Credits include all moneys applied toward a student’s charges.

How Aid is Applied?

All PELL Grants, State CAP Grants, SEOG   Grants, Nursing Loans and Perkins Loans will be applied directly to your students account provided they have met all requirements for receiving aid.  Subsidized Stafford Loans, Unsubsidized Stafford Loans and Parent PLUS Loans will be applied directly to your students account if their lender participates with Murray State University in the Electronic Funds Transfer (EFT).  The student must authorize the lender to make EFT disbursements of their loan by checking the EFT block on their promissory note; otherwise they will need to pick up their loan check in the Student Loan Office on or after the first day of classes each semester. If your student has not prescheduled classes or signed the required loan paperwork, financial aid awards will not be credited to their account.

When Do I Pay?

Initial semester billing statements will be available on myGate mid April for the summer semester, mid July for the fall semester and mid November for the spring semester to students who have prescheduled.  Students scheduling classes during late registration will not be sent a bill.  After classes begin, statements will be available on a monthly basis (approximately the 20th of each month) to all enrolled students who have an outstanding account balance. Students will receive emails, at their Murray State email address, telling them when their statements have been made available on myGate.

How Do I Pay?

Check or money order payments with student name and University Account Number included may be mailed to Murray State University, 200 Sparks Hall, Murray, KY  42071.  Each remittance of payment by check is considered authorization to convert that particular check into an electronic fund transfer.  If your check is unable to be converted, it may be processed as a Check Replacement Document drawn against your account.  Payments using savings, checking, Credit (MasterCard, Discover and American Express), or debit card (VISA, MasterCard, Discover and American Express) may be made on-line through myGate.  If you choose to pay by credit card, the payment processor will assess a service charge of 2.75% of transaction amount or a $3 minimum service charge.