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Applying for Financial Aid

How to Apply

  1. Apply and be accepted as a student to State Tech. Please contact the Admissions Office for more information about 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. File a Free Application for Federal Student Aid (FAFSA)
    • If you are applying for a program that begins Summer or Fall 2021, fill out the 2021-22 FAFSA form.
    • If you will be enrolled during the Fall 2021 semester, fill out the 2021-2022 FAFSA form.
    • The priority FAFSA deadline is February 1.
    • 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 must list State Tech (school code 004711) as a college choice.
  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 required to provide specific verification documents to the Financial Aid Office. State Tech will verify the information submitted on the FAFSA form matches your verification 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 State Tech before your financial aid can be processed.
  5. When State Tech 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 financial aid that you are eligible to receive.
  6. Electronically sign your Award Offer by logging onto the Financial Aid Portal and review your “Financial Aid Offer” under the Menu in the top left corner of the screen. Once you have reviewed your financial aid eligibility, you may accept or decline your Federal Student Loans on the “Accept/Decline Student Loans” page which is also found under the Menu. 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 State Tech can process your loan. Please complete the on-line counseling session as soon as possible. The counseling session can be completed at studentaid.govThis must be completed by all first-time borrowers. If you need assistance, please call Federal Student Aid at 1-800-433-3243 or 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 studentaid.gov.
  9. All student loan borrowers, first-time and previous borrowers, must complete an Annual Student Loan Acknowledgement at studentaid.gov.
  10. Loan funds will not be received at State Tech until the 31st day of the semester(s) for which you are enrolled.
  11. 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 studentaid.gov. Students must have their FSA ID to complete their MPN. For loans disbursed on or after October 1, 2020, the benefits for the student loans are listed in the table below.

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 to sign in at studentaid.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.

Loan Type Fixed Interest Rate Origination Fee Interest Rebate
Subsidized Loan 2.75% 1.057% 0%
Unsubsidized Loan 2.75% 1.057% 0%
Federal Parent (PLUS) Loan 5.30% 4.228% 0%

State Tech’s Student Loan Practices Code of Conduct

Electronic Financial Aid Offer

Contact Us:
Financial Aid Office
One Technology Drive
Linn, MO  65051
P: (573) 897-5000
Fax: (573) 897-4656
Email: FinancialAid@statetechmo.edu

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