Who is eligible for financial aid?
To be eligible for federal financial aid assistance you must:
- Be a U.S. citizen or eligible non-citizen
- Be registered with Selective Service, if required
- Be an undergraduate, graduate or professional student enrolled at least half-time (except for less than half-time Pell Grant) in a degree-seeking program
- Make satisfactory academic progress
- Not be in default on an educational loan
How do I apply for financial aid?
Visit the How to Apply page.
I'm not admitted to Missouri State yet. Do I have to wait until I am admitted before I apply for financial aid?
No, apply as soon as possible after October and list the codes for all schools that you are considering on the Free Application for Federal Student Aid (FAFSA). The Missouri State Federal School Code is 002503.
You will not receive a Missouri State Financial Aid award letter until you have been accepted to Missouri State.
How much financial aid can I expect?
You can create an unofficial estimate of the aid for which you may qualify using the ACT’s Financial Aid Need Estimator.
The Stafford Loans also have limits on how much can be borrowed each academic year. View the Loan Limits for Stafford Loans page for more details.
When and how will I receive my financial aid at Missouri State?
Financial aid funds will be applied to your university account no earlier than the first class day after the Change of Schedule Period of each semester. Federal and university funds will be applied at this time only for those students who have completed all requirements for the financial aid process. Disbursement of state awards is dependent on the availability of state funding.
If you have more financial aid than University charges, the balance will be deposited directly to your bank account if you are signed up for direct deposit with the office of financial services. These deposits are made daily and will begin after the Change of Schedule Period each semester. Download and complete a Request for Direct Deposit form to set up direct deposit.
When will I get my award letter?
Assuming your FAFSA application is complete and processed, first year students will receive their academic year award letters beginning in April. Continuing student award letters will begin after grades post.
Do I have to apply for financial aid every year?
Yes. Please see How to Apply for more information.
How much will my family be expected to contribute towards my yearly college costs?
This will depend on several factors such as your EFC (Expected Family Contribution), your loan level, types of benefits and other resources you have available. Missouri State will put together a financial aid package that comes as close as possible to meeting your need.
Once you have received notification of your awards, you and your family can determine how much money your family will need to contribute. We encourage you use our Net Price Calculator. For an estimate of your EFC, try ACT’s Financial Need Estimator.
How is financial "need" determined?
A simple formula determines your need at Missouri State: cost of attendance minus Expected Family Contribution minus any other financial aid equals financial need.
Can I get financial aid for summer?
You will need to register for the summer session before we will begin to process any financial aid. You will be eligible for summer financial aid if you have not already reached your maximum annual or aggregate limits on loans and Pell Grants during the fall and spring semesters.
For example, you are at loan level three ($5,500) and you have already received $3,500 for fall and spring. You would still be eligible for a maximum of $2,000 Stafford for summer.
Questions to ask that will help determine your summer eligibility:
- How many cumulative credit hours will you have at end of spring semester?
- What loan level does that put you at?
- Have you already borrowed the maximum amount during the fall and/or spring?
- Are you an independent student (didn't have to use your parent's information on the FAFSA)? If you are independent, another option might be to take out an independent unsubsidized Stafford Loan.
If I have already received my financial aid award letter package and later receive an additional scholarship, will my awards change?
If you do not have unmet need, your other aid would be reduced.
What will happen to my financial aid awards if I move to off-campus housing?
Moving from on-campus to off-campus housing does not affect your financial aid awards. If you move from on-campus to off-campus with parents, your financial aid award package may be adjusted.
When should I contact the office of financial services rather than the office of student financial aid?
Contact the office of financial services if you have questions regarding your Missouri State bill, direct deposit of financial aid funds, student refunds, the deferred payment plan or payments and deferments on a Perkins Loan.
Are there any payment plans that I can use to pay my tuition, fees and housing charges?
Yes, Missouri State has a deferred payment plan.
How do I know if Missouri State has received my money?
You can view your account online through My Missouri State.
When will I get my refund?
Your refund will be direct deposited into your chosen bank account after the Change of Schedule Period each semester when processing is complete.
Can I transfer my financial aid to Missouri State or from Missouri State?
No, you can't actually transfer your financial aid from one school to another. You must first cancel your aid at your current school and have your student aid report submitted to your new school. You can do this by calling 1-800-433-3243 and adding the new school code.
Your new school will then determine your eligibility at their institution and send you an award letter. You should also contact your lender to inform them of your intention to transfer schools. Keep in mind, you may not be eligible for the same amounts or types of aid at the new school, and it may delay the receipt of your financial aid.
What is satisfactory academic progress?
To maintain satisfactory academic progress you must be completing an acceptable percentage of attempted course work within a reasonable amount of time. In addition, you must have an adequate GPA.
What will happen to my financial aid if I drop a class?
Always check with the Missouri State office of student financial aid for specific details.
Dropping a class can reduce your Pell Grant and could also impact your future loan level. Loan recipients who drop below half time will start using their loan grace period. Dropping a class can also create satisfactory academic progress problems, and you might not be eligible for any future financial aid assistance.
What happens to my financial aid if I withdraw from Missouri State?
Always check with the Missouri State office of student financial aid for specific details and see financial aid withdrawal procedures.
Withdrawal can create satisfactory academic progress problems causing an automatic cancellation of any pending financial aid.
If you choose to withdraw from Missouri State, call our withdrawal procedures hotline at 417-836-6894 or our withdrawal deadlines hotline 417-836-6895 for more information.
My sister received a Pell Grant. Why didn't I receive one?
In addition to parent’s income and assets, a student’s income and assets also affect Pell Grant eligibility. You may have a higher income or more assets than your sister.
How do I become a Missouri resident?
View the residency policy for more information.