Page 1

2010-11 Financial Aid Award Letter Information



Table of Contents Important enrollment requirements

page 4

Information about student loans

page 6-7

Additional funding options

page 8

Requirements of satisfactory academic progress

page 9

Information about withdrawing from Missouri State

page 10

Dear Student: Members of the Office of Student Financial Aid (OSFA) congratulate you on your commitment to a college education and are excited that you have chosen Missouri State University as a partner in reaching that goal. Your 2010-2011 financial aid award letter is enclosed. Please review the offered awards and carefully read the requirements associated with each as outlined in this booklet. Accept your awards online at Select “Get An Account” if you do not already have a Missouri State user ID and password. If you do have an account, select the “Profile” tab, then click on “Award for Aid Year,” which is located under Financial Aid. We encourage you to read the material presented in this packet and to visit our web site at in order to be well informed about the financial aid process. Missouri State University offers an excellent educational value. We trust that these awards will assist you in taking advantage of that value. We look forward to working with you as you accomplish your educational goals.

The Financial Aid Staff


Enrollment Requirements for Aid Programs Enrollment status Enrollment requirements vary for different aid programs. See Table 1.1 for specifics of each program. A student must comply with the minimum hours of enrollment per semester (excluding audited hours) in order to be eligible for financial aid. Class levels of 500 and lower are undergraduate credit courses.   For federal grants (Pell, ACG) as well as state programs (Access Missouri, Bright Flight), enrollment is monitored at the end of the first week of classes, which is known as the Change of Schedule Period (COSP). Your final grant award will be based on the number of hours in which you are enrolled at the end of this period. Registration for Second Block courses must also be completed by the end of COSP in order to meet financial aid enrollment requirements.

  Loan funds may also change based on your enrollment at the end of COSP. If you apply for financial aid after the first week of classes, awards will be based on the total hours in which you are enrolled at the time your aid is processed.

Dual enrollment Recipients of federal grants (Pell, ACG) who are dually enrolled at another accredited school and are less than full time at Missouri State may file a Consortium Agreement Request for combined enrollment. This document must be completed and submitted to the OSFA by the COSP deadline. See for details. Please note, consortium agreements do not apply to state aid or student loans.

Table 1.1 — Minimum Credit Hour Enrollment Requirements Program FA/SP


Academic Competitiveness Grant (ACG - See details above)



Missouri Access*/Bright Flight*



Marguerite Ross Barnett Memorial Scholarship*



Midwest Student Exchange Program



Federal Pell Grant (See details below)



Federal SEOG Grant



Federal Perkins Loan



Federal Workstudy



Federal Direct Loan Programs (DL): Stafford Loans



Parent PLUS Loan for Undergraduate Students



*These programs have been enacted by the Missouri General Assembly to benefit Missouri Residents in paying for higher education and are subject to availability of funds. Contact the Missouri Department of Higher Education at or call 800-473-6757 for detailed information.

Table 1.2 — Change of Schedule Period Fall 2010

August 27, 2010

Spring 2011

January 14, 2011

Summer 2011


June 14, 2011


Federal Direct Student Loan Program The loan process

Annual and lifetime maximum loan

The OSFA utilizes advanced technology to ensure that you receive your financial aid in the most efficient manner possible. Following the steps below will assist us in providing the best service to you. 1. Follow the instructions provided on your printed award letter to accept your award(s). 2. Student loan borrowers must complete entrance loan counseling and the Direct Loan Master Promissory Note (MPN). Visit and click on First Time Missouri State University Borrowers to locate entrance loan counseling and information regarding electronically signing your MPN. 3. Once you have accepted your student loan(s), completed the entrance loan counseling, signed the MPN and have registered for classes, your loan will be certified and a schedule of disbursement for each semester will be set according to University policy.

The Federal Direct Loan Program (DL) has limits on how much a student can borrow each academic year. Courses that are repeated, audited or in which a student receives an “F” or an “I” grade are not counted in hours completed. Refer to Table 1.3 for current DL limits. A student’s academic year loan may be limited to less than these maximum amounts based on cost of attendance at Missouri State University and other types of aid received.

Direct subsidized loan This loan is awarded on the basis of financial need. No payment is required nor does the loan accrue interest while the student maintains at least a half-time enrollment status; the federal government “subsidizes” the interest during this period of enrollment. Interest charges and repayment of principle begin six months after the student leaves school or drops below halftime enrollment. The interest rate is 4.5 percent*.

Direct unsubsidized loan This loan is not based on financial need. The student is responsible for the interest from the date of disbursement. Interest payments may be made in installments or allowed to accrue and be added to the principle (capitalized). Repayment begins six months after the student leaves school or drops below half-time enrollment. The interest rate is 6.8 percent*.

Missouri State University Missouri four-year public institutions* Four year public institutions nationally Four year private institutions nationally 0


10000 15000 20000 25000 30000

Source: College Board Trends in College Pricing 2009-10 * enrollment weighted


Loan fees An “origination fee” is charged for Direct Loans according to the regulations governing the loan programs. The fee may not exceed 1 percent of the principal amount of the loan. The fee is deducted proportionately from each payment before the loan funds are disbursed to the school. The fee is paid to the federal government to defray the cost of the loan programs.   Thus, if a student is receiving a $2,000 Direct Loan that is to be disbursed in two installments, the student will receive payments of $990 and $990. (However, the student will be responsible for repaying the full value of the loan, $2,000.) *Interest rates are subject to change every July 1. For the most current information, visit

Table 1.3 —Stafford Loan Limits Dependent Independent Hours Undergraduate Undergraduate Teacher Certification/ Year Completed Student Student Graduate Prerequisites Graduate 1st


$5,500 - only $3,500 of this amount may be in subsidized loans

$9,500-only $3,500 of this amount may be in subsidized loans

$12,500-only $5,500 of this amount may be in subsidized loans



$6,500 - only $4,500 of this amount may be in subsidized loans

$10,500-only $4,500 of this amount may be subsidized loans

3rd and 4th


$7,500 - only $5,500 of this amount may be in subsidized loans

$12,500-only $5,500 of this amount may be in subsidized loans

Maximum total from Stafford Loans (aggregate limits)

$31,000 - as a dependent undergraduate student (only $23,000 of this amount may be in subsidized loans)

$57,500 as an independent undergraduate student (only $23,000 of this amount may be in subsidized loans)

Up to $20,500 each academic year (only $8,500 of the amount may be in subsidized loans). You may not be eligible for the academic year limit based on cost of attendance at Missouri State.

$138,500 as a graduate or professional student (only $65,500 of this amount may be in subsidized loans).*

*The graduate debt limit includes Stafford Loans received for undergraduate study.


Additional Funding Options Parent PLUS Loan for undergraduate students This loan is available to parents of dependent undergraduate students who have a good credit history. The interest rate is fixed at 7.9 percent. Interest is charged from the first disbursement date and repayment on both interest and principle begins 60 days after the final loan disbursement for the academic year. A federal origination fee up to 4 percent will be deducted from each disbursement. The funds will first be applied to required student fees, room and board, and certain other University charges. If any loan funds remain, the parent will receive the balance.

Instructions for applying for a Direct Parent PLUS Loan Before a parent applies for a Direct Parent PLUS Loan, the student should accept or decline all aid that has been offered to them by following the instructions provided on his/her award letter. Failure to do so will result in inaccurate processing of the Direct Parent PLUS Loan.   The parent must complete the following steps when applying for a Direct Parent PLUS Loan: 1. Determine amount to borrow a. Refer to the student’s award letter, which indicates the maximum amount that a parent may borrow at MSU. b. Refer to the online Cost Information Worksheet available at for assistance in determining the amount needed, not to exceed the maximum amount listed on the award letter. 2. Complete the online Parent PLUS Master Promissory Note (MPN) with Direct Loans at You will need to have your Department of Education issued PIN to begin the process. (This is the same PIN used to sign the FAFSA.) By completing the MPN , you are authorizing the Federal Department of Education to perform a credit check.


3. Complete the Missouri State University Direct Parent PLUS Loan application available online at plus.htm. Completing this application will provide OSFA with essential information needed to certify the loan.   When the Missouri State OSFA is notified of the credit approval, we will certify the loan and schedule disbursements according to University policy each semester after the student registers for classes. If the credit check is not approved, the Missouri State OSFA will notify the student of additional unsubsidized loan eligibility.

Student employment Missouri State University can help you find employment. The Office of Student Employment Services assists students in securing part-time jobs on campus and in the community. Please call that office at 417-836-5627 or go online at for more information. The office is located in Blair-Shannon, Room 113.

Choice and Predictability in Tuition (CAP-IT) Tuition plan options are the primary feature of CAP-IT. The following options are available to degree seeking undergraduate students: • Standard Tuition Plan: Students will be assessed under the fee policy in effect for the current year, and fees will be subject to change from year to year. • Tuition Prepayment Plan (2-, 3-, or 4-year): Students may make a lump-sum prepayment that will cover basic fees for all courses they take during the period of the plan (excluding summers), regardless of changes in the Standard Tuition Plan rates or the number of credit hours taken.

Satisfactory Progress Requirements of satisfactory academic progress

Probationary period

All students must meet the following satisfactory academic progress requirements to receive federal student aid. The academic records of all aid recipients are reviewed at the end of each semester in which the student is enrolled to determine compliance. State and non-federal programs and scholarships may have different standards of satisfactory academic progress.

A probationary period will be granted to students who, upon first review, do not meet hours completion or GPA requirements. The probationary period will extend through the end of the semester for which it is granted. If students are not in compliance with the hours completion requirements and the required grade point average at the end of their probationary period, financial aid eligibility will be terminated.

Grade point average requirement Undergraduate students must have a cumulative GPA of 2.0 after 24 attempted credit hours. Graduate students must have a cumulative GPA of 3.0 after 9 attempted credit hours. GPA resulting from transfer hours is excluded for both undergraduate and graduate hours.

Hours completion requirement Overall attempted hours compared to overall completed hours are reviewed at the end of each semester. Undergraduate and graduate students must maintain a 67 percent completion rate. The completion rate is calculated based on overall completed hours divided by overall attempted hours. For example, a student who has attempted 87 overall credit hours and upon review has only completed 56 of the 87 attempted hours would not meet the 67 percent requirement (56/87 = 64%).   Attempted hours are based on the number of hours in which a student is enrolled at the end of the Change of Schedule Period each semester. Courses in which students receive “F” or “I” grades do not count as completed hours. Only courses in which students receive grades of “A,” “B,” “C,” “D” or “P” count as completed hours. Repeated courses in which students have previously earned credit will not count toward hours completed. Graduate level credit hours are defined as 600 level or above. Transfer hours are excluded for both undergraduate and graduate hours.

Maximum hours limitation requirement Students may only receive aid until they reach the maximum hours limit. The limit is 150 percent of the hours required for the program of study. For example, if the typical bachelor’s degree requires 125 credit hours, the limit for maximum attempted hours would be 188. Hours accepted by Missouri State in transfer are included in the maximum hour limit. Required hours for a specific program of study are found in the Undergraduate or Graduate Catalogs. Students who have completed all the course work for their degree or certificate, but have not yet received the degree or certificate, are no longer eligible for financial aid for that program.

Automatic termination of aid eligibility Failure to meet special requirements of satisfactory progress imposed by the Financial Aid Appeal Committee (FAAC), default on a federally funded student loan or failure to repay a grant overpayment will result in automatic termination of aid eligibility. Students who withdraw from the University two consecutive semesters of attendance will have their aid eligibility terminated.

Re-establishing aid eligibility Before aid eligibility can be re-established students must be in compliance with the 67 percent hours completion rate and GPA requirements as outlined in this policy. Financial aid will not be available during this period. Paying for classes on their own or electing not to attend for a semester does not re-establish aid eligibility. Students must achieve the 67 percent hours completion rate and GPA requirements to regain aid eligibility.

Appeal procedure If academic deficiencies were the result of unusual and extenuating circumstances, students may explain those circumstances to the FAAC. An appeal form is available in the OSFA or online at www. Appeals for the current semester will not be processed after the 10th week of classes (the fourth week of summer session). Appeals for prior semesters will not be considered. Students will receive written notification of the FAAC’s decision. If the appeal is denied, students may request a personal hearing with the committee. The decision of the FAAC is final.   Students who have reached the maximum hours limit due to switching majors, second majors or additional degrees will be evaluated on a case-by-case basis through the appeal process. All students appealing the maximum hours limit will need to submit a list of required courses needed to complete their degree program with their appeal. The list should be signed and approved by an adviser.


What If I Withdraw? If a financial aid recipient withdraws from the University before completing at least 60 percent of the semester, federal regulations require that the “unearned” portion of any federal financial aid received be returned to the appropriate federal aid source. For example, a student who withdraws at the end of the fourth week of a semester will have “earned” approximately 25 percent of his/her aid (completed 4 weeks of a 16 week semester). The remaining 75 percent must be repaid. Federal rules specify that repayment first apply toward federal loans, then federal grants. The return of state aid follows federal regulations.   Depending on the withdrawal date, the student may incur charges from the University, the repayment of which is the student’s responsibility. The unearned portion of financial aid that must be repaid has no relationship to any refund of required fees or housing charges that might be credited to the student’s account based on the date of withdrawal. For more information on University withdrawal procedures, see   If a student withdraws before the first day of classes, 100 percent of aid received must be returned to the appropriate source. If a student withdraws at any point in the semester and the University determines

that the student never attended classes, 100 percent of the aid received must be returned and University charges may be incurred.   At the time withdrawal documents are submitted, the student will be counseled about potential repayment obligations. The student also will be formally notified in writing of the amounts to be repaid by program and who is responsible for making the payment. Repayment of federal grant funds must be made to Missouri State University within 45 days of notification. If payment is not made, the student will need to establish a repayment plan with the Department of Education. Eligibility for additional aid is dependent upon the student repaying the grant(s) in full or abiding by the repayment plan. Loan funds are repaid in accordance with the terms and conditions of the promissory note. If a student does not officially withdraw and fails to earn a passing grade in at least one enrolled course during the semester, OSFA will verify if the failing grades were earned or were the result of nonattendance. If non-attendance is determined, the “unearned” calculation will be applied based on the last date of a documented academically related activity or the mid-point of the semester.

Checklist q Use online Cost Information

q Note important enrollment Worksheet to determine if you requirements for your financial aid need to borrow loans and how much (see page 4). ( q If interested in a PLUS Loan, note CostWorksheet). instructions on how to apply q Accept your award offer online as (see page 8). instructed on your award letter. q Note academic requirements of q Notify the Office of Student maintaining your financial aid Financial Aid of all private eligibility (see page 9). scholarships and private funds you expect to receive.


q Complete the FAFSA annually to

remain eligible for financial aid. (Priority deadline for MSU is March 31).

email for important notices from the University.

q Routinely check your University


What if I have other questions? Please let us know! Here are several offices that may be able to assist you. (All have an area code of 417 unless otherwise indicated.) Admissions . . . . . . . . . . . . . . . . . . . . . . . . . 800-492-7900 (toll-free) 836-5517 Fax: 836-5137 TTY 836-4770 Academic Advisement Center . . . . . . . . . . 836-5258 Adult Student Services . . . . . . . . . . . . . . . 877-678-2005 (toll-free) 836-6929 Billing Information . . . . . . . . . . . . . . . . . . . 836-5632

Orientation (SOAR) . . . . . . . . . . . . . . . . . . 888-352-6781 (toll-free) 836-7628 Residence Life & Services . . . . . . . . . . . . . 800-284-7535 (toll-free) 836-5536 TTY 836-5503 Safety & Transportation . . . . . . . . . . . . . . 836-8870 Student Employment Office . . . . . . . . . . . 836-5627 Taylor Health & Wellness Center . . . . . . . 836-4030

Bookstore . . . . . . . . . . . . . . . . . . . . . . . . . . 888-767-2578 (toll-free) 836-5403

TRIO . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 836-6220

Career Center . . . . . . . . . . . . . . . . . . . . . . . 836-5636

Veterans Services . . . . . . . . . . . . . . . . . . . . 836-5520

Counseling & Testing . . . . . . . . . . . . . . . . . 836-5116 Hearing-impaired individuals from Missouri may reach offices that do not have a TTY by calling the Missouri Message-Relay Service at 800735-2966 (toll-free).

Dean of Students . . . . . . . . . . . . . . . . . . . . 836-5527 TTY 836-6792 Disability Resource Center . . . . . . . . . . . . 836-4192 TTY 836-6792 Evening College . . . . . . . . . . . . . . . . . . . . . 877-678-2005 (toll-free) 836-6929 Financial Aid . . . . . . . . . . . . . . . . . . . . . . . . 800-283-4243 (toll-free) 836-5262 Honors College . . . . . . . . . . . . . . . . . . . . . . 836-6370 Multicultural Student Services . . . . . . . . . 800-492-7900 (toll-free) 836-6618 TTY 417-836-4770

Web Site and Mailing Addresses You will find Missouri State University on the web at: The campus address is: Missouri State University 901 South National Springfield, MO 65897

Missouri State University adheres to a strict nondiscrimination policy and does not discriminate on the basis of race, color, religion, sex, national origin, ancestry, age, disability, veteran status, or on any basis (including, but not limited to, political affiliation and sexual orientation) not related to the applicable educational requirements for students in any program or activity offered or sponsored by the University. FNA 24810

Financial Aid Award Letter  

Brochure with information about Financial Aid awards

Financial Aid Award Letter  

Brochure with information about Financial Aid awards