To determine your financial need for assistance, Missouri Western begins by estimating your total听Cost of Attendance听in accordance with federal regulations.听Your Cost of听Attendance听includes more than just the charges you see on your bill for tuition, fees and on-campus housing. Allowances for books and supplies, transportation and living expenses are also built in.
Next, we subtract your Student Aid Index (SAI). Your SAI is determined听using a formula听established听by law听that takes into consideration your family income, assets, and number in the family size. In other words, your SAI is determined by the information you provide on your FAFSA.听
Then, we subtract the assistance you are expected to receive from ALL sources.
Using guidelines established by the U.S. Department of Education, Missouri Western financial aid administrators put together a financial aid package that comes as close as possible to meeting your need. Because funds are limited, the actual amount awarded may fall short of the amount of unmet need you have.
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Need Calculation听Example (In-State Tuition) |
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| 听 | $28,757 | Cost of Attendance Budget |
| – | $200 | SAI (Determined by FAFSA Results) |
| = | $28,557 | Financial Need |
| – | $7,195 | Pell Grant (eligibility based on FAFSA results) |
| – | $2,850 | State Grant (eligibility based on FAFSA results ) |
| – | $5,500 | Direct Loan (freshman max per year) |
| – | $1,000 | Missouri Western Scholarship |
| – | $1,000 | External Scholarship |
| = | $11,012 | Un-Met Need (out of pocket expense) |