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What's New in Financial Aid

Financial Aid

Summer Financial Aid 

Summer Aid aplications are now avalible! Complete one now if you are attending at least 6 Hours during summer school. Summer Aid Application

Ask about the year round Pell Grant!

2018-2019 FAFSA Just Got Easier

Students can file a 2018–19 FAFSA as early as Oct. 1, 2017, instead of waiting for Jan. 1, 2018.  The 2018-2019 FAFSA will require the same data reported on the 2016 Tax  return.  (This will also allow you to use the IRS Data Retrieval process for 2016).

Our priority-filing deadline has changed to February 1 to accommodate Missouri state grant deadlines. Please complete your FAFSA by February 1 each year in order to maximize your financial aid eligibility.

 

FSA ID replacing Federal Student Aid PIN

The new FSA ID requirement was implemented May 10th, 2015.  It is made up of a username and password, has replaced the Federal Student Aid PIN and is now being used by students, parents, and borrowers to access personal financial aid information online and electronically sign Federal Student Aid documents. Click here to creat you FSA ID. 

Federal Perkins Loan Program Ending

Our Federal Perkins Loan Program will officially end September 30th, 2017.  Anyone who has received a Perkins Loan prior to June 30th, 2017 could remain eligible in the future.

Current Loan Rates for 2017-2018 Academic Year:

The interest rates for Direct Subsidized, Direct Unsubsidized, and Direct PLUS loans will be established each year.  Once a loan is established, it will apply for the life of the loan- that is, the loan will be a fixed-rate loan.  As a result, it is likely that many borrowers will have a set of fixed-rate loans, each with a different interest rate, including the 4.% Direct Subsidized and Direct Unsubsidized loans made prior to July 1st, 2016.

*Please note that the current loan interest rates apply to those loans first disbursed on or or after July 1st, 2017 and before July 1st, 2018.

Undergraduate Students

Loan Type

Interest Rate Interest Rate Cap
Subsidized Stafford Direct Loan 4.45% 8.25%
Unsubsidized Stafford Direct Loan 4.45% 8.25%
Parent PLUS Direct Loan 7% 10.50%

Graduate Students

Loan Type Interest Rate Interest Rate Cap
Unsubsidized Stafford Direct Loan 6% 9.50%
Graduate PLUS Direct Loan 7% 10.50%

Missouri Family Education Loan Program

The Missouri Family Education Loan Program (MOFELP) is a private education loan program that is awarded on a first come, first served basis for eligible, qualified borrowers.   Annual loan limits are $5,000 with a 0% interest rate.   MOFELP has no additional costs; however borrowers are responsible for a $5 monthly keep-in-touch payment.   Below is the general criteria intended for qualified borrowers:

* MOFELP criteria may be subject to change.

 

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