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   Columbia, MO. 65212 (573) 882-2923

   Affiliated with University of Missouri Health Care

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FINANCIAL AID

FREQUENTLY ASKED QUESTIONS
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Frequently asked questions

Application process | Checking on application | Disbursement | Eligibility | Free Application for Federal Student Aid, FAFSA | Ford Federal Direct Loan | Indebtedness and repayment | Scholarship | Tax | VA benefits | Vocational rehabilitation
FAFSA
What is a FAFSA form and where can I get one?
 
FAFSA stands for Free Application for Federal Student Aid. As the name implies, it is a federal form used to apply for federal aid (loans, scholarships, etc.). Additionally, the School of Medicine uses it to award need-based institutional scholarships. If you have been accepted to our medical school, you will automatically be mailed one of these forms, starting in January. There is also an electronic FAFSA if you would rather use that.

The FAFSA asks for MU's federal school code. What is it?
 
It is 002516.

Since I'm an independent student now that I am in professional school, why do I still have to submit parental information?
 
The U.S. Department of Education considers graduate and professional students to be independent. Therefore, parental income and assets are not considered for its programs, which constitute the bulk of the financial aid available. However, the U.S. Department of Health and Human Services still uses parental information to establish eligibility for its scholarship and loan programs.

The FAFSA asks for prior-year income. I made $60,000 last year. Is there some way to use projected year income since I will not work once I'm in medical school?
 
Go ahead and enter prior-year income on the FAFSA. When you get your Student Aid Report (SAR) back from the federal processor, contact the MU School of Medicine Coordinator of Financial Aid at (573) 882-2923. The Coordinator will tell you what to do to be considered for professional judgment and the use of projected year income.

Should my retirement funds be included as assets?
 
No, retirement plans such as pension funds, annuities, IRAs and Keogh plans should not be included in assets. However, annual contributions to retirement accounts are considered untaxed income and must be included.
 

Financial Aid Contact Information


Write:
Cheri Marks
Coordinator, Financial Aid
School of Medicine
MA215 Medical Sciences Building
Columbia, MO 65212

Call
(573) 882-2921

E-mail
marksc@health.missourui.edu

Fax
(573) 884-2988

Office hours
8 a.m. to 5 p.m.
Monday to Friday


updated 10/5/05