Financial Aid Policies


The following financial aid policies are in place at Missouri S&T. All statements 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 S&T is an equal opportunity institution.

  • Students who desire financial aid for the Summer semester, must complete the online form before April 15th for priority awarding.
  • 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.
  • 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.
  • In order for an undergraduate student to receive Federal Perkins Loans, Federal Work Study, Federal Supplemental Educational Opportunity Grant, University Loans and Ford Direct 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 second week of class. Students who add/drop courses during the first two 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, Federal Perkins Loan, Federal Work Study, and Ford Direct 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.
  • Students must maintain satisfactory progress in order for their federal financial aid to be renewed. Missouri S&T Satisfactory Progress Policy is available here.

Verification Policy

Any student who completes a Free Application for Federal Student Aid (FAFSA) may be chosen for a verification review. The verification process entails the review of tax documents and household information to ensure the accuracy of the FAFSA application. The federal Central Processing System (CPS) selects 30% of all FAFSA applications.

Missouri S&T Student Financial Assistance Office (SFAO) staff will verify all mandatory items identified by the U.S. Department of Education (household size, the number in college, number of exemptions, adjusted gross income, taxes paid, untaxed income, untaxed IRS distributions, education credits, IRA deductions, tax exempt interest, receipt of food stamps and child support paid) In addition, the SFAO can verify discretionary items.

SFAO staff must resolve any conflicting information before disbursing financial aid. Applicants whose financial aid information requires reprocessing, based on the verification process, will have corrections electronically processed by the SFAO staff. These corrections will generate an updated Student Aid Report which will be sent to the student by the CPS. The Expected Family Contribution (EFC) may change based on the corrections made. If conflicting information is discovered after aid is awarded or disbursed, SFAO staff must resolve the conflicting information and the student will be required to repay aid received in excess of his/her eligibility. All conflicts must be resolved regardless of whether the student was selected for verification or not.

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
  • William D Ford Federal Direct Stafford Loans
  • University Loans
  • Federal Work Study
  • William D Ford Federal Direct Parent PLUS Loans
  • Access Missouri (for Missouri residents)

*Early application does not apply

Pell Census Date Policy - Pell Grant payment adjustments

The Financial Aid Office has the following disbursement policy for financial aid which is applied to all students receiving federal financial assistance. The objective is to deliver eligible financial aid in the most timely manner possible, while complying with all federal, state and university policies.

Official Enrollment Levels: If you are not sure about your enrollment, please consult the chart below:

Fall and Spring terms

Student Level

Full time

3/4 time

Half time

Less than 1/2 time

Undergraduate

12 +

9-11

6-8

1-5

Graduate

9 +

N/A

4.5-8

1-4

 

Summer terms

Student Level

Full time

3/4 time

Half time

Less than 1/2 time

Undergraduate

6+

4-5

3

1-2

Graduate

4+

3

2

1

Disbursement policy summary

  • Aid disbursement begins 7-10 days before the beginning of each term for students who are enrolled at least half-time (for all Federal Assistance Programs)and who have met all other aid eligibility requirements.
  • The Pell Grant Census Date is the date during the term in which the Financial Aid Office determines the student's final official enrollment for the term for the Federal Pell Grant Program. Any adjustments to enrollment after the Pell Census Date are not factored into the student's eligibility for the term unless the student totally withdraws from the term. Please note this is different than the Registrar Census date and is not related to the Registrar Refund Policy.
  • The Pell Census Date at Missouri S&T is 14 calendar days from the first day of each semester. This Census Date is used for all terms, including summer session.
  • Federal Pell Grant eligibility is based on whether a student is enrolled full-time, 3/4 time, 1/2 time or less than 1/2 time at census date. Students who reduce their enrollment status prior to the census date will have their Pell Grants for the semester reduced to an amount that reflects their enrollment level at census. For example, if a student enrolled in 12 hours for Fall or Spring, and received a Pell payment and disbursement based on full-time enrollment but later drops/withdraws from 6 hours, the student's Pell award will be reduced by 50% of full-time Pell initially disbursed, per federal regulations, and the student will be billed for the 50% reduction.
  • When a reduction in aid is required due to a student's official enrollment level on the Pell Census Date, the reduction usually creates a balance due on the student's Missouri S&T student account if a refund has already been issued. If there is a tuition refund due as a result of dropping credits, the tuition refund will be used to reduce the balance due on the student's account.

Contact the Financial Aid Office prior to changing enrollment to verify the potential impact on financial aid awarded and/or disbursed.