Applying for Financial Aid

How to Apply

  1. Apply and be accepted as a student to State Tech. Please contact the Office of Admissions for more information regarding this process. You may apply for federal financial aid while you are waiting to be accepted into State Tech.  You must be an eligible degree seeking student to receive federal financial aid.
  2. To apply for financial aid you must complete the Free Application for Federal Student Aid (FAFSA). If you are applying for fall 2017, fill out the 2017-18 FAFSA form. The priority deadline is February 1, 2017. If you are applying for the June 2017 HEO program, fill out the 2016-17 FAFSA form and the 2017-18 FAFSA form.  Make sure you and your parent (if required) sign the FAFSA form with your FSA ID.  Please remember to keep your FSA ID in a safe place.  You will need your FSA ID if you want to borrow a student loan.  You will need your 2015 federal tax information to complete the FAFSA form.  You must list STC (school code 004711) as a college choice.  The 2017-18 FAFSA form is available October 2016
  3. After the FAFSA form has been processed, you will receive a Student Aid Report (SAR), either by mail or e-mail, from the U.S. Department of Education.  Review the FAFSA information carefully and make any corrections that are necessary.
  4. Approximately 30% of all federal financial aid applicants are selected for a process called verification.  If you are selected for verification, you will be notified to complete a 2017-18 Verification Worksheet and complete the IRS Data Retrieval process within the FAFSA form.  If you are unable to perform the IRS Data Retrieval process, you will be required to provide a 2015 IRS Tax Return Transcript to the Financial Aid Office.  If you did not file a 2015 tax return, you must provide copies of any 2015 W-2 forms you received.  STC will verify the information submitted on the FAFSA form matches your tax documents and submit any changes to the U.S. Department of Education.  If you are selected for verification, you MUST submit the requested documents to STC before your financial aid can be processed.
  5. When STC has received the FAFSA results, all requested documents, and you have been admitted into your degree program by the Admissions Office, your financial aid can be determined. You will be provided an Award Offer that lists the types and amounts of federal aid that you are eligible to receive.
  6. Electronically sign your Award Offer through your Eagle Online account.  You may accept or decline any aid that is offered.  Print and keep a copy of the Award Offer for your records.  You can request a paper copy of the Award Offer by contacting the Financial Aid Office.
  7. If you are a borrowing a Federal Stafford Loan for the first time, you must complete Stafford Loan Entrance Counseling before STC will process your loan.  Please complete the on-line counseling session as soon as possible. The counseling session can be completed at www.studentloans.gov   This must be completed by all first-time borrowers.  If you need assistance, please contact the Financial Aid Office to schedule an appointment in our counseling lab.
  8. All first-time borrowers will also need to complete a Master Promissory Note (MPN).  You may sign your MPN electronically at www.studentloans.gov.
  9. Loan funds will not be received at STC until the 31st day of the semester(s) for which you are enrolled.
  10. Please return all requested information as soon as possible so your financial aid can be processed in a timely manner.

Loan Application

Student Loan Borrowers:

First-time student loan borrowers must complete a Direct Loan Master Promissory Note (MPN).

Students can sign their MPN on-line at https://studentloans.gov/.  Students must have their FSA ID number to complete their MPN.

For loans disbursed on or after October 1, 2016, the benefits for the student loans are listed below:

Subsidized Loan
Fixed Interest Rate: 3.76%
Origination Fee: 1.069%
Interest Rebate: 0%

Unsubsidized Loan
Fixed Interest Rate: 3.76%
Origination Fee: 1.069%
Interest Rebate: 0%

Federal Parent (PLUS) Loan
Parents of dependent students are able to borrow money in the parent’s name for their student to attend college.  Parents- If you would like to apply for a PLUS loan, please use your FSA ID number to sign in at https://studentloans.gov/.  The U.S. Department of Education will perform a credit check and will notify you of their decision.  If you are approved for the PLUS loan, a Master Promissory Note is required.

Fixed Interest Rate: 6.31%
Origination Fee:  4.276%
Interest Rebate: 0%

State Tech’s Student Loan Practices Code of Conduct

Electronic Award Offer

  • Visit EagleOnline to login using your user name and password
  • If you forgot your password, click the “I forgot my password” link for instructions on how to reset your password
  • If you do not know your user name and/or password, you can email the Help Desk or call 573-897-5200 for assistance
  • Once you have logged in, click the “Paying for College” tab (Blue box towards the top of the screen)
  • Click on “My Student Account” (Under “Paying for College” section on top left side of the screen)
  • Select the link to “Financial Aid Awards” in the Financial Aid Awards box
  • Follow the instructions provided on the page for completing your award offer