Missouri State University
Office of Student Financial Aid News

FAFSA IRS Data Retrieval Tool Outage

The U.S. Department of Education issued a statement on Thursday informing families that the IRS Data Retrieval Tool (DRT) has been temporarily suspended due to an ongoing effort to ensure the security of private information.

The DRT is a feature of the FAFSA, the universal application for federal financial aid, intended to make filing the application faster by transferring tax information directly from the IRS database to a student’s FAFSA. The DRT is intended to assist students and is not required in order for a student to complete their FAFSA. Students and their families can still complete and submit the application using information from their 2015 tax return. No other part of the application has been affected. Missouri’s FAFSA deadline for state aid eligibility is April 1st, and students should not wait for the DRT to come back online before filing their FAFSA.

The IRS expects the DRT to be unavailable for several weeks. In the event that a student needs to submit a tax return transcript to their financial aid office for verification, one may be requested in a few different ways:

 

  1. Request a transcript online (download) at https://www.irs.gov/individuals/get-transcript
  2. Request a transcript be mailed at https://www.irs.gov/individuals/get-transcript
  3. Submit IRS Form 4506-T to the IRS
  4. Call the IRS Transcript Request Line (toll-free): 1-800-908-9946

Questions about the FAFSA and the Data Retrieval Tool may be directed at the Office of Student Financial Aid.

 

Office of Student Financial Aid

901 S National Avenue

Springfield, MO 65802

(417) 836-5262

Fax: (417) 836-8392

FinancialAid@MissouriState.edu

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Deadline Coming: SAP Appeals

The deadline to submit a Satisfactory Academic Progress (SAP) appeal is Friday March 31st. The appeal must be complete, including the appeal form, the academic plan with your advisor’s signature, and any supporting documents you think will help your case. If approved, your appeal allows you to receive financial aid for the Spring semester.

Download the SAP Appeal form

Download the SAP Academic Plan

 

3 ways to submit your appeal

EMAIL: FinancialAid@MissouriState.edu

FAX: (417) 836-8392

MAIL/IN PERSON
Office of Student Financial Aid
901 S National Avenue
Springfield, MO 65897

 

Please allow up to 4 weeks to process. Questions? Call us at (417) 836-5262
~OSFA

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SCAM ALERT!!!

scam_alert5 Students are being targeted by companies trying to profit from the current changes in Washington. Don’t fall for it.

 

Recently, a third-party debt relief company, claiming to be the Department of Education, has been leaving voicemail messages for student borrowers claiming that they must act immediately to qualify for student loan forgiveness before the program is eliminated. A transcript of the voicemail follows:

 

“This message is from the Department of Education. In regards to Donald Trump becoming President, all programs for student loan forgiveness will be stopped immediately as soon as he takes office in January. In order for you to qualify, you must apply within the next 24 hours or you will not be able to have your student loan payment reduced. Please contact us at 888.307.0680. The number again is 888.307.3680. Once again you must get enrolled within the next 24 hours.”

Yeah…no.

If you received a call like this, it is a scam. The actual Department of Education offers several options to help Repay (or in limited cases, forgive), your federal student loans. You may also consider grouping multiple loans into one larger one through a process called “Consolidation,” although this may not be ideal for everyone. But the Department of Education does not call to initiate these processes.

~The Office of Student Financial Aid

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School Cost Got You Down?

krabs-loves-money-5We get it. But maybe you could end up paying less next year?

Admitted students have until March 1st to complete this General and Department Scholarship Application for 2017-2018 Foundation scholarships. It doesn’t matter if you’re an undergrad or graduate, in-state or out-of-state. It’s free to apply, and you just need access to your My.MissouriState account first.

On average, about 1 in 4 students who apply receive some type of foundation scholarship, and last year we awarded approximately 1,200 of them! The average scholarship is about $1,000, and students are notified in June if they are selected.

 

And for once, you don’t have to complete a FAFSA to apply for these scholarships.

As always, we’re here for you. Call us at (417) 836-5262, Tweet @MSU_FinAid, or send your questions to FinancialAid@MissouriState.edu

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Changes to the FAFSA: What you need to know

As the 2017-2018 school year approaches, students and their families need to know about changes to the Free Application for Federal Student Aid (FAFSA).

The FAFSA is important for a few reasons, as it’s a pathway to receiving several forms of financial aid including grants, loans and work study. More information is available from the office of financial aid. Here’s a rundown of what’s new.

Submit your application soonerStudents at Welcome Weekend

Students can file a 2017-2018 FAFSA as early as Oct. 1, 2016. This is a permanent change and will allow students to complete their applications before the start of the new year.

Sending income information is easier

Beginning with the 2017-2018 FAFSA, students and families will report their 2015 income information. This is a switch from the past, when the application required financial information from the previous year. That means most income information should not change from students’ 2016-2017 FAFSA.

The most important part is to file as early as possible, as priority deadlines for state-funded programs such as the Access Missouri grant is now Feb. 1, 2017 and Missouri State’s deadline for limited-availability funding was pushed up to match.

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Working Hard or Hardly Working?

12208430433_55abd2203f_qDo you receive the Federal Pell Grant? Are you looking for additional funding to help pay for expenses? Do you want to work on campus? If you answered yes to these questions Work-Study could be the right fit for you! Stop by the Office of Student Employment in Shannon 113 to add your name to the Work-Study waiting list! As funds become available we’ll award them to eligible candidates based on the date they signed-up.

So what are you waiting for? Go to work and get paid!

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Fall 2016 Disbursements

CoinsJust a reminder that Fall 2016 financial aid funds will be disbursed on Monday, August 29th. Be sure to review your account and contact us if you have any questions.

If you are a recipient of the Access Missouri Grant, remember that those funds don’t disburse until mid- to late-September.

After disbursements we anticipate refunds to be issues within the first few days of September.

Have a great semester! — Your OSFA

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