Financial Aid

Financial aid is available to qualified students. Financial need may be met through a combination of state, federal and/or institutional aid. Institutional awards and grants are offered in several areas. To be eligible for financial aid a student must be admitted to the College and the graduate program. All students receiving federal or state-based aid must file the Free Application for Federal Student Aid (FAFSA). New students need to submit the financial aid application by the date of enrollment. Returning students should forward their renewal applications by April 1st of the preceding year to ensure qualifying for all programs. The student will receive a Student Aid Report (SAR) outlining the extent of financial aid available. In all cases financial assistance received by students will be limited to the students educational cost of attendance. International students are required to complete and submit a standard "Affidavit of Support" in addition to their application for admission to document their ability to finance their education. A copy of all relevant bank statements, financial statements, and sponsor affidavits should be attached to the "Certificate of Finances."

UNSUBSIDIZED FEDERAL STAFFORD LOAN Graduate students who meet the eligibility requirements for the federal student aid Direct Stafford Loan program may borrow under the Unsubsidized Stafford Loan program. Unsubsidized Stafford Loans are available to all eligible students. Unsubsidized Stafford Loans are not need based and interest accruing on the loan is not subsidized or paid by the Federal Government while the student is enrolled.

Students may receive up to a total of $20,500 per academic year through the Unsubsidized Stafford Loan program. The aggregate (including loans received as an undergraduate) Stafford Loan limit for graduate students through a combination of Subsidized and Unsubsidized Stafford Loans is $138,500.

FEDERAL GRADUATE PLUS LOANS Graduate students may borrow through the Graduate PLUS program. The Graduate PLUS Loan is a credit-based loan available to graduate students enrolled at least half-time. The maximum amount a student may borrow is limited to the cost of education, less financial assistance. These loan limits do not include amounts borrowed under the Stafford Loan programs.

Pursuant to P.L. 101-508, Missouri Valley College reserves the right to refuse to certify a loan application, or to reduce the amount of the loan, in individual cases where the College determines 10 that the portion of the student's costs covered by the loan could more appropriately be met directly by the student. In addition, requested loan amounts will be reviewed to ensure compliance with educational purpose regulations.