Affordable Choice, Unbeatable Value - Financial Aid

Student Eligibility and Receiving Your Aid

The Office of Student Financial Aid (OFSA) calculates a financial aid package based on a student’s application for admission and the results of the FAFSA for the purpose of assisting a student in financing a college education.  A student must have the results of the FAFSA sent to MSU by including the federal school code of 002503.

 General eligibility requirements for most federal, state, and university aid programs require that a student be a degree seeking student enrolled at least half-time each semester.  At MSU, half-time enrollment for fall and spring semesters is no less than 6 hours for undergraduate students and 5 hours for graduate students.  For the summer semester, 3 hours are considered half- time for both levels.

 For the federal Pell grant only, some students MAY be eligible with less than half-time enrollment.

Specific eligibility requirements for other programs are as follows:

Supplemental Educational Opportunity grant – requires that your FAFSA be filed by the priority deadline of March 31 and that you are PELL eligible.  Other eligibility considerations may apply based on funding allocations.

 Perkins loan – requires that your FAFSA be filed by the priority deadline of March 31; students with high need will be given first consideration.  Other eligibility considerations may apply based on funding allocations.

 Federal Work Study – requires that your FAFSA be filed by the priority deadline of March 31; students with high need will be given first consideration.  Other eligibility considerations may apply based on funding allocations.

 Award notices will be made to new students in late March or early April if their application is complete and all required documents have been received and reviewed.  Award notices for continuing students will not be available until after the end of the spring semester.  The award notice will list and explain the aid available for the following school year, and may include tentative awards which will be so indicated.

 To receive aid, a student must accept the award offer online at My Missouri State.  In addition, some sources of aid, like the Parent Plus Loan, may require additional applications and procedures to process.

 Financial aid funds will be applied to a student’s University account no earlier than the first class day after the Change of Schedule Period each semester. Check the academic calendar for the change of schedule deadline for each semester.  Any refund due to a student after financial aid has applied to charges will occur approximately a week after the funds are applied.