Financial Aid

Financial Aid Federal & State Programs

There are various federal and state financial aid programs available to eligible degree- seeking Culver-Stockton students. Listed below are the most popular descriptions based upon financial need, academic excellence, and loan eligibility. All programs are contingent upon filing the FAFSA except for the Bright Flight Scholarship. Culver-Stockton College's school code is 002460.

Federal Assistance
Pell Grant
The value of this grant varies from $400 to $4,310 based upon your Expected Family Contribution through filing the FAFSA.

The ACG is available to students who meet the following criteria:

• US citizens, enrolled full-time and degree-seeking, must be eligible for a Pell grant.
• Students must have completed a "rigorous" high school program.
• First-year students must not have previously enrolled in an undergraduate program: second-year students must have earned at least a 3.0 GPA in their first year.

The National Science and Mathematics Access to Retain Talent Grant (National SMART Grant)
The National SMART Grant is a federal grant program designed to encourage students to pursue education in math, science, and certain foreign languages. It is available to third and fourth year undergraduate students. It has both need and merit based components.

The ACG is available to students who meet the following criteria:

• US citizens, enrolled full-time and degree-seeking, must be eligible for a Pell grant.
• Students must major in an approved physical or life science, computer science, engineering, math, technology, or a "critical" foreign language.
• Students must maintain a cumulative GPA of 3.0.

Federal Supplemental Education Opportunity Grant (FSEOG)
This grant may be awarded to students who are eligible for the Federal Pell Grant. Schools have very limited funding of the FSEOG so students are encouraged to apply early.

Federal Work-Study Programs (FWS)
This program provides part-time, on-campus employment for students with established need. Job applications are available through the Financial Aid Office. Students are eligible to work up to 20 hours per week. Jobs are available on a first-come, first-serve basis.

Federal Perkins Loan
The Perkins loan is a 5% interest loan that is repayable to Culver-Stockton nine months after the borrower ceases to be enrolled at least half time. The usual amount awarded is $1,500. Funds for this loan are very limited and are based upon financial need according to the FAFSA.

Federal Stafford Subsidized And Unsubsidized Loan Program
The Stafford program enables students to borrow annual amounts of $3,500 for freshmen, $4,500 for sophomores, and $5,500 each for juniors and seniors. Independent students will receive the same loan limits plus an additional $4,000 for freshmen and sophomores, and $5,000 for juniors and seniors. Culver-Stockton is a direct lending school. You MUST sign your financial aid award letter and complete a promissory note to accept your loan. Subsidized loans are based on financial need determined by a federal formula. The government will pay the interest for you while you are enrolled in school at least half time. Unsubsidized loans are not based on financial need and are available to all students regardless of income. Interest will accrue while the student is in school therefore the student is responsible for all interest charges. You may choose to make interest payments while in school or you may defer the interest until repayment.

Federal Parent Loan For Undergraduate Students (PLUS)
The PLUS loan is a loan taken out by either a parent or step-parent who needs additional funds to assist students with educational expenses. The parent is responsible for repayment, which begins 60 days after the funds are fully disbursed. The interest rate is variable but will never exceed 9 percent. Applications for a PLUS loan may be obtained through the Financial Aid Office or printed off of Culver-Stockton's website.

Veterans Benefits
Culver-Stockton is eligible to accept benefits for veteran's benefits including the G.I. Bill and all other forms of veteran's benefits.

State Assistance
Access Missouri Grant
This is a need based grant funded by the state of Missouri. Maximum amount awarded is $3,910. The student must file a FAFSA by April 1st, list a Missouri school code, and meet Missouri residency requirements. Starting in the 2008-09 school year, students must maintain a cumulative 2.5 GPA to be awarded the grant.

Bright Flight Scholarship
This scholarship is given to graduating Missouri high school students who enroll as a first-time, full-time freshman at an approved Missouri institution. Students must score in the top 3% of the state (normally a score of at least 31) or above on their ACT by June. The value of this scholarship is $2,000. No FAFSA is required.

Other Assistance

Vocational Rehabilitation Services
Students with limiting disabilities may be eligible for benefits through the state's department of rehabilitation. These services include payment of tuition, fees, books, and job placement. Contact your local department of rehabilitation office for details. Culver-Stockton College accepts these benefits from all states.

Veterans Benefits
Culver-Stockton is eligible to accept benefits for veteran's benefits including the G.I. Bill and all other forms of veteran's benefits.

Work Force Investment Act:
Culver-Stockton is eligible to accept benefits through the WIA program for displaced workers. Contact your local WIA office for more details.

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