Financial Aid: The Basics for CCPS

Overview

Every effort will be made to provide students accepted to Drury University sufficient financial aid to enable them to attend. Students may receive financial aid to help cover tuition, room, board and fees, but the financial aid total will not exceed cost of attendance.

The FAFSA

Students wishing to file for federal and state financial assistance at Drury University must complete the Free Application for Federal Student Aid (FAFSA). The FAFSA serves as the acceptable application for grant programs is required in the determination of loans. The FAFSA can be completed online at www.fafsa.gov.

The FAFSA is a universal financial aid application for all colleges/universities nationwide. The FAFSA will be processed by the Central Processing System (U.S. Department of Education). When filed, the student will receive a Student Aid Report (SAR) that he or she must review for accuracy. The financial aid office cannot make an official financial aid award to a student until the student’s electronic Institutional Student Information Report (ISIR) has been received by the university. Applicants should complete the form electronically by the deadlines set by the US Department of Education. Priority deadlines for Missouri aid are set by the Missouri DHE.

Note: Answer all FAFSA questions accurately and completely to avoid delays in processing aid. Read instructions carefully; this application is the cornerstone of financial aid.

Determination of Need

Each year, a formula for determining need is established by the government. The information the student and family provide on the FAFSA is analyzed according to this formula to arrive at an Expected Family Contribution (EFC). The difference between the student’s EFC and the cost of attendance is the need amount for that student.

If the student does qualify for aid, a financial aid package will be generated for the student. The award package will include a list of need based aid that can be offered and is available at MyDrury. If needed, application can be made for an unsubsidized loan that is not need based. The student should study this list carefully and accept or decline all awards by the established deadlines. Awards that are not accepted by the established deadline will be cancelled.

Eligibility of International Students

Government-based financial assistance in the form of loans and grants are not available for students who are not citizens or permanent resident visa holders of the United States or its possessions.

It is important for prospective students to become informed of the full costs of attending Drury and living in the United States for the duration of their studies. The university and the U.S. government require that students document their ability to cover their financial obligations to the university in addition to their estimated personal and living expenses. The university can only grant admission and issue the Form I-20 (required to apply for an F-1 student visa) to those individuals who submit adequate financial documentation. The university confirms all financial documentation directly through the issuing financial institution before granting admission. Likewise, the U.S. Embassy can only issue student visas to those individuals who submit acceptable financial documentation.

Other Aid

For information on further aid that may be available to you, go to www.drury.edu/financial-aid. You will also find FATV videos available that offer great information and explanations regarding Federal Aid.