Financial Aid: Government Assistance Available


Grants are gifts of money. They are based on financial need and the student never has to repay them.

Federal Pell Grant

Pell is a federal grant program. Awards are determined by a student’s EFC and need. Those who qualify can receive up to the maximum amount established by the federal government. There is a limit to the amount of Pell Grant a student can receive, up to the equivalent of six years of full time enrollment.

SEOG (Federal Supplemental Educational Opportunity Grant)

SEOG is also a federal grant program. Students must be eligible to receive a Pell Grant in order to qualify for an SEOG grant. Funds are limited, and award amounts depend on funding levels established each year by the federal government.

Access Missouri Financial Assistance Program

Administered by the State of Missouri, students must meet all requirements for this award as established by the Missouri Department of Higher Education. Students should contact the Missouri Department of Higher Education to determine eligibility for this award, as final eligibility rulings are determined by the State.


Loans are available to students and/or their parents to assist in paying for college expenses. A student must repay the loan after graduation or withdrawal. Before agreeing to a loan, a student should carefully review all terms and conditions of the loan, interest rates, and the amount of monthly payments.

Federal Direct Student Loan

These loans are available to almost any student regardless of financial need. The federal government determines loan limits based on a student’s dependency status on the FAFSA and the number of credit hours previously completed. The loan interest rate is subject to change, as established by the federal government. Application must be made through Drury University. Loans cannot exceed the cost of attendance minus other financial aid.

This loan program represents an agreement between the university student and the U.S. Department of Education. Loan monies may not be released to the student until the student is fully charged. The loan will be wire-transferred from the Department of Education to the student’s account as early as the fourth week of school. After the fourth week of classes, the college will automatically generate and send a refund to Bank Mobile for any loan monies in excess of the student’s account balance. Any change in enrollment may result in a recalculation of loan eligibility, and the student may be responsible for returning funds to Drury.

Subsidized direct loans are available based on financial need that is determined by a federal formula and the FAFSA. A loan is “subsidized” when the government pays the interest during the following periods:

  • While enrolled in school at least half-time;
  • During the six-month grace period after attending school less than half-time;
  • During periods of authorized deferment.

Unsubsidized direct loans are not based on financial need and may be available to students who file a FAFSA, regardless of income. Since this loan is not subsidized by the government, the student is responsible for all interest that accrues during in-school, grace and deferment periods. The student may choose to make interest payments while in school or may defer (and accumulate) the interest until repayment.

Direct subsidized and unsubsidized loans may be prorated under certain conditions. Prorated loan limits are used when a borrower’s remaining period of enrollment, until completion of his or her academic program, is less than an academic year in length.

Federal Direct Plus Loan Program (PLUS)

Parents of dependent undergraduates may be eligible to borrow money for their children’s educational expenses under this program. Loans are certified by the school and approved by the Department of Education. These loans carry an interest rate that is variable, not to exceed 8.5 percent. The amount of this loan may not exceed the student’s cost of attendance minus other aid. Repayment begins 60 days after disbursement of the loan, unless a deferment is granted.

Student Employment on Campus

Federal Work Study Program: This program provides a work opportunity for full-time undergraduate day school students who demonstrate a financial need. Unlike other types of financial aid, work study is paid directly to the student after it is earned in a work study job, and it is the student’s responsibility to use those funds to pay down any balance he or she may have. Students may view and apply for jobs online at Students are encouraged to apply for community service jobs and/or those that relate best to their course of study.

Other Student Employment Opportunities: A variety of campus jobs are available for full-time undergraduate day school students. Students may view and apply for jobs online at

For more information about available positions and employment eligibility, contact Human Resources at For questions regarding eligibility for work study, contact Financial Aid at