3-Year Baccalaureate Program
The 3-year baccalaureate program offers students an opportunity to pursue their educational goals in a year-round plan. In recognition of this format a number of financial aid programs may accommodate this scheduling arrangement. Full-time students may qualify for institutional scholarships and grants on the basis of academic, talent, and need as offered through the traditional four-year program; however, they will be offered for fall and spring semesters only (summers excluded).
The Free Application of Federal Student Aid (FAFSA) is the universal application that colleges use to determine eligibility for many federal and state financial aid programs. In fact, all Federal aid programs require the completion of the FAFSA. Students may qualify for a number of financial aid programs including the following; however, they will be limited to fall and spring disbursements and will be awarded subject to Federal regulations and funds availability.
- Federal Pell Grant (any unused portion may be used for summer)
- Federal SEO Grant
- Federal Perkins Loan
Some state financial aid programs require the filing of the FAFSA for determination of eligibility. Students are encouraged to file the FAFSA to optimize their award opportunities. The most common state aid programs include the following which are subject to full-time enrollment status and are available for fall and spring semesters only to qualified applicants:
- Access Missouri Grant (FAFSA deadline of April 1 annually)
- Missouri Higher Education Academic Scholarship (Bright Flight) - FAFSA not required
Students may qualify for Federal Work Study development upon financial need and funds availability on a year-round basis. In addition, the Federal Direct Loan programs which include Federal Subsidized Loan, Federal Unsubsidized Loan, and Federal Parent Loan (PLUS) will be structured according to a borrower-based academic year. This will allow borrowers the flexibility of annual loan limits that correlate to their enrollment plans.
Private loans offer students an opportunity to bridge the gap between cost of program and limited sources of financial aid and their personal resources; however, they are not backed by the Federal government and have fewer borrower protections. Students are encouraged to compare these non-Federal loans as interest rates and borrower benefits may differ significantly. These loans are credit-based and many require co-endorsers.
Finally, students may seek scholarships that are not funded by the college, state or Federal governments. These outside scholarships will be varied in amount and eligibility criteria. While they can be labor-intensive to locate, the ability to secure one or more may serve to reduce your out-of-pocket expense for college. Even with a program that is reduced to three years of direct costs such as tuition and fees, room and board, there are indirect costs such as books and supplies, transportation, and personal expenses to consider.