Many factors are taken into consideration when determining a financial aid package, including expected family contribution, family size, dependent or independent status, and whether the student meets university, state or federal eligibility requirements. We are here to help you streamline the process to ensure you are receiving the most robust awards package available for your individual situation.
Financial need is the difference between the cost of attendance and the expected family contribution (EFC). The cost of attendance typically refers to the total amount of education expenses, such as tuition and fees, books and supplies, food and housing, personal expenses, transportation expenses, etc. The EFC is the number used to determine your eligibility for federal, state and institutional need-based aid programs. This number results from the financial information you provide in your FAFSA.
The expected family contribution (EFC) is a number schools use to evaluate your eligibility to receive federal, state and institutional financial aid.
Before you can get an EFC, you must complete and submit a FAFSA. Once your FAFSA has been processed, you will receive your official EFC number. Student financial assistance uses the EFC to determine financial need, which is defined as the difference between the cost of attendance at S&T and your EFC.
How the EFC is calculated:
How the EFC is used:
The EFC is not:
EFC is based on a formula established by the federal government that takes into account multiple factors, including family income, assets, household size and the number of family members attending college.
The EFC is used to determine eligibility for federal financial aid, such as Pell Grants, federal loans and federal work-study programs. The formula is also used by institutions and the state to determine your eligibility for other aid programs. The EFC is not determined by the amount of money your family will have to pay for college or the amount of student aid you will receive.
Dependency for financial aid purposes is not the same as dependency for tax purposes. You are determined Dependent or Independent based on the information you provide on the Free Application for Federal Student Aid (FAFSA).
You must be able to answer "Yes" to at least one of the following criteria to be considered Independent:
To be eligible for federal financial aid (Title IV) assistance, you must meet certain criteria.
Eligibility requirements for specific programs are as follows:
Financial aid award letters will be made to new students by mail around the middle of March if their application is complete and all required documents have been received and reviewed. The award letter will list and explain the aid available for the following school year, and may include tentative awards which will be so indicated. Award letters for current students will also be available on their JoeSS around the middle of March. They will receive an email reminder when their new aid is available to view.
Financial aid eligibility is determined in part by a student’s enrollment level. Most scholarships and some grants require you to enroll full-time. All federal (Direct) student loans require you to enroll at least half-time. To determine your enrollment level, please view the Registrar’s website regarding hours and enrollment levels. If you will not be a full-time student, please contact our office to learn how your aid may be affected.
Some financial aid awards require full-time enrollment, some at least half-time, and some are adjusted to meet the course load, such as the Federal Pell Grant. You must meet the following minimum fall/spring semester hours of enrollment (excluding audited hours) in order to be eligible for federal and state financial aid programs.
To receive federal financial aid, you must be eligible to enroll in an academic program that leads to a degree or certificate program associated with a degree program and must meet Satisfactory Academic Progress per federal financial aid guidelines and Missouri University of Science and Technology policy.
Dependency for financial aid purposes is not the same as dependency for tax purposes. You are determined Dependent or Independent based on the information you provide on the Free Application for Federal Student Aid (FAFSA). You must be able to answer "Yes" to at least one of the following criteria to be considered Independent:
If you cannot answer yes to any of the previous questions, you are considered Dependent and will need to submit your parents’ income information on the FAFSA even if they do not claim you on their taxes or provide any financial support to you. You can read more about the federal regulations regarding dependency status here. Grandparents, foster parents, legal guardians, aunts and uncles are not considered parents for financial aid purposes unless you have been legally adopted. Students who are estranged from their parents should notify student financial assistance by filling out a Special Circumstances Review Form.
If you get married before December 1st of the academic year, you will need to contact our office and provide the following information so that we can then make necessary adjustments to your current FAFSA.
While international students do not qualify for federal or state-based aid, merit-based scholarships are available for international freshman and transfer students. International graduate student aid is awarded infrequently and only to the students with the highest academic achievements.
Although no federal or Missouri state law forbids undocumented immigrants from attending college in the U.S., the federal and Missouri state governments do not offer grants and loans to DACA students, dreamers and other undocumented students.