Financial aid is intended as a supplement to the students' own resources. Families are expected to contribute from income and assets to the extent they are able, and students are expected to contribute from assets, summer employment and part-time employment during the school year. Costs for students vary greatly, but only modest budgets can be supported through financial aid programs. Students who have high standards of living or large debts may find that financial aid funds alone will not be sufficient. To apply for aid, students must apply for admission or readmission to UMKC and must submit a Free Application for Federal Student Aid (FAFSA). For priority treatment, the FAFSA should be filed by March 1 preceding the academic year in which financial aid is desired.
In awarding aid, the Financial Aid and Scholarships Office will determine the student's
eligibility for amounts and types of aid. Most aid packages are awarded for the
academic-award year (fall and spring terms), but aid for late spring or
summer term applicants is awarded as funds are available.
UMKC defines and measures what is considered satisfactory progress toward certificate/degree completion for financial aid eligibility. The policy falls within federal guidelines and must measure quality (GPA) and quantity (number of credit hours completed). The policy is different for undergraduate, graduate and professional students. Students enrolling in their first semester at UMKC and students who are readmitted to UMKC are considered to be making satisfactory progress. Eligibility is checked at the end of the spring semester each year. This policy is applicable with respect to eligibility for all types of federal, state and university financial aid administered by the UMKC Financial Aid and Scholarships Office. Satisfactory Academic Progress requirements are detailed on the following Web site: http://www.umkc.edu/finaid. New freshman and transfer students accepted to the University by March 1 are automatically considered for several merit-based institutional scholarships. In addition, incoming freshman and transfer students may apply for competitive scholarships online at http://www.umkc.edu/finaid by March 1. Scholarship recipients must be enrolled full-time and earn a specified GPA for renewal. All offers of scholarship and aid eligibility are made in writing to students completing the application process. Most types of aid are applied directly to the student's fee charges. Any remaining balance of aid and any checks from outside sources are normally disbursed by check to the student or by direct deposit to the student's bank account through the Cashier's Office. Aid is generally available in proportionate amounts at regular registration periods. Earnings in the Federal Work-Study Program, however, are paid biweekly for actual hours worked. Aid recipients are responsible for promptly informing the Financial Aid and Scholarships Office of any changes in financial status, reduction of course load, changes from undergraduate to graduate status, or total withdrawal. Address changes should be made promptly through the UMKC Registration and Records Office. Aid from all sources, including external ones, must not exceed the federally regulated cost of attendance. For that reason, students must report all aid awarded through other sources to the Financial Aid and Scholarships Office. For the most up-to-date information regarding specific financial aid awards available at UMKC visit the Financial Aid and Scholarships Web site at http://www.umkc.edu/finaid.
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