Financial Aid Policies & Procedures
Described here are financial aid programs available to students who demonstrate financial need. Financial need is determined by filing the Free Application for Federal Student Aid (FAFSA). You should complete the FAFSA and submit it online at http:// www.fafsa.ed.gov as soon as possible after January 1. Read instructions carefully. The application is the cornerstone of your financial aid search.
The financial assistance application process takes 4 to 6 weeks. Make sure you answer all questions carefully, completely and accurately to avoid delays in the processing that might affect the amount you receive. Note: all students applying for financial aid must have a social security number. You must file the FAFSA every year in order to receive financial aid.
File the FAFSA Early - Recommended Deadline is March 15
We cannot emphasize this point strongly enough. The earlier your forms are processed, the more possibilities you will have for financial assistance. None of the financial assistance programs reserve funds for late applicants.
Am I Eligible?
The information you and your family provide on the Free Application for Federal Student Aid (FAFSA) is used to determine the expected financial contribution (EFC) your family can make toward your college expenses. This figure is based on a formula determined by the federal government each year. The difference between your (EFC) and the estimated total cost of Drury is the amount of financial aid for which you should be eligible.
Total cost to attend Drury - EFC = Financial aid eligibility/need
How to Apply for Financial Aid
- Start early. Funds are limited for many of these programs, and preference is given to applications received earliest.
- You must apply for admission and be formally admitted in good academic standing to Drury as a full-time student to be considered a candidate for financial aid.
- Fill out the Free Application for Federal Student Aid (FAFSA). As a result of filing the FAFSA, you will receive a Student Aid Report (SAR) from the processing agency.
- After Drury receives a copy of the SAR, you will receive a notice of award of financial aid. The award process will begin in March. If you are eligible, the award notice includes a list of the types and amounts of scholarships and/or aid that can be offered to you. This award notice will include all scholarship and need-based aid you are eligible for and will be adjusted as updated information is received.
- By accepting this award, the monies offered to you will be reserved should you decide to attend Drury. Accepting this award does not obligate you to attend Drury.
Financial Aid Award Notification
Beginning in March, Scholarship and Financial Aid award letters will be mailed to your home address explaining your initial award package and how to accept or decline individual awards online. To accept or decline awards, you will need the username and password included in your acceptance package.
If you have any questions or concerns, please feel free to call your Admission Representative at (800) 922-2274 or (417) 873-7205.
Financial Aid Policy for Spring Semester
Availability of need-based assistance is limited for students who enroll in the spring semester. Those who qualify may receive the Federal Pell Grant and Federal Stafford Loan. Application should be made well in advance of the beginning of classes.