formerly University of Missouri-Rolla
Federal Financial Aid Programs

Policies

  • Students who desire financial aid for the Summer semester, must come in and sign up for Summer aid in the Student Financial Assistance Office during the month of March.
  • Loan recipients are required to sign promissory notes agreeing to honor the terms and conditions of their loan. Scholarship recipients are required to meet all applicable academic criteria. Failure to meet scholarship standards may result in termination of award.
  • Students must maintain satisfactory progress in order for their federal financial aid to be renewed. Missouri S&T Satisfactory Progress Policy is available upon request from Student Financial Assistance Office.
  • Information on student retention, graduate employment rates, family educational rights, confidentiality of records (Privacy Act), and refund policies is available from the Missouri S&T Bulletin, the Manual of Information, or the Admissions Office.
  • All statements in this publication are announcements of present policy only and are subject to change at any time without prior notice. They are not to be regarded as contract offers.
  • Missouri University of Science and Technology is an equal opportunity institution.
  • In order for an undergraduate student to receive Federal Perkins Loans, Federal Work Study, Federal Supplemental Educational Opportunity Grant, National SMART Grant, Academic Competitiveness Grant, University Loans and Federal Family Educational (Stafford) Loans you must be enrolled at least half-time (undergraduate 6 hours, graduate 4 hours per semester) during the academic year or at least 3 hours during the summer session.
  • Federal Pell Grant awards are initially based upon full-time enrollment status (12 or more hours). The Student Financial Assistance Office will review all Federal Pell Grant awards at the end of the fourth week of class. Students who add/drop courses during the first four weeks will have their Federal Pell Grant awards increased/decreased based on the overall change in enrollment status (ie: changes from full-time to three-quarter, etc.).
  • Federal regulations require financial assistance recipients to make satisfactory academic progress toward their degree in order to continue to receive federal financial assistance (ie: Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, National SMART Grant, Academic Competitiveness Grant, Federal Perkins Loan, Federal Work Study, and Federal Family Educational (Stafford) Student Loans. Students who enroll full-time (12 or more hours undergraduate, 9 or more hours graduate) and do not complete full-time enrollment during the academic year will jeopardize current and future federal financial aid eligibility. Students withdrawing before completing 60% of a term for which aid has been received may have to repay aid that was awarded for that term. Federal regulations also require federal assistance recipients to receive their degree in 150% of the time required to receive a degree.

To apply for federal aid, you must complete the Free Application for Federal Student Aid (FAFSA). While there are no true deadlines for need-based aid, early application is encouraged. First consideration is given to those students submitting FAFSA in January and February. Students applying any other time of the year will be awarded with remaining funds.

By submitting the FAFSA, you are automatically considered for the following:

  • Federal Pell Grant*
  • Federal Perkins Loan
  • Federal Family Educational (Stafford) Loan*
  • University Loans
  • Federal Work Study
  • Federal Supplemental Educational Opportunity Grant
  • Access Missouri (for Missouri residents)
  • Academic Competitiveness Grant
  • National SMART Grant

  *Early application does not apply

Considering Withdrawing From All Your Classes or Quitting College Altogether?

Federal financial aid recipients who withdraw from the semester before 60% of the term is completed are subject to Return to Title IV regulations. These regulations view aid as a resource for the entire term; aid is earned for the number of days attended, but unearned for the days that will be missed due to withdrawal. Unearned aid must be returned to the appropriate aid programs. Determine the percentage of earned aid by dividing the number of days attended by the number of days in the semester. (When the earned aid is 60% or greater, without rounding, then federal aid is not returned.) Subtract the earned aid percentage from 100% for the unearned percentage. Multiply the unearned percentage by the charges for tuition and fees, room and board on the student's account. The result is approximately the amount of aid that will be returned to federal aid programs. Loans are refunded before grants. Or, to find the exact amount for you, contact the Student Financial Assistance Office.