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Options for Paying Your Bill

Options for Paying Your Bill2019-08-12T08:33:54-05:00

If your current authorized aid package does not cover your semester charges, determine how much you owe after estimated financial aid.

To view your account statement…

  • Log into Goldlink.
  • Select Financial Aid & Billing
  • Select Student Bill Inquiry, Payment Options.
  • Select “I Agree”.
  • Review your current balance after estimated financial aid.

Next, make sure your financial aid package is complete and all requirements have been satisfied.

The FAFSA (Free Application for Federal Student Aid) is used to determine your eligibility for federal and state grants, like the Pell Grant and Access Missouri. You must also complete the FAFSA to receive subsidized and unsubsidized student loans.

Missouri Western’s priority deadline is Febuary 1. However, you can still complete your FAFSA at any time during the academic year.  Apply online at fafsa.gov.

Financial aid can be held because of outstanding requirements like completing a master promissory note, not turning in final high school transcripts to admissions or needing to turn in verification documents like taxes or W2s.

Check your Goldlink to see if you have unsatisfied requirements.

How?

  • Log into Goldlink.
  • Select Financial Aid & Billing.
  • If you see a red flag…take action
  • If you have questions…please ask.

Keep in mind, your aid will not be applied to your account balance until all requirements have been satisfied. 

Check Goldlink to see if we have received your private scholarship or have confirmation of payment from your third party provider (i.e. Voc Rehab, a military source, employer, etc.).

How?

  • Log into Goldlink.
  • Select Financial Aid & Billing.
  • Select Financial Aid Awards.
  • Select the award year.
  • Select Award Overview to view your awards.

If you do not see your funding listed, contact your donor or third party provider.

Please note, Missouri Western does not consider outside funding as payment toward your account until it is received.

Federal student loans must be repaid with interest and there are limits to the amount you can borrow. Before you accept, make sure to consider how much you are borrowing and what repayment will look like in the future.

First, decide if and how much you need to accept.

How?

  • Log into Goldlink.
  • Select Financial Aid & Billing.
  • Select Student Bill Inquiry, Payment Options.
  • Select “I Agree”.
  • Review your current balance after estimated financial aid.

If you need to borrow….here’s how. 

  • Log into Goldlink.
  • Select Financial Aid & Billing.
  • Select Financial Aid Awards.
  • Select the award year.
  • Select Award Overview to view your awards.
  • Answer ALL questions under Resources/Additional Information and submit.
  • Select Accept Award Offer to accept all, or part, of your loan offer. (Keep in mind, you are accepting for the full year so you will want to double the amount you need to borrow for the fall.)

If you are a first-time borrower, you must also complete a Master Promissory Note and Entrance Loan Counseling on studentloans.gov. You will need your FSA ID to access the site.

Still don’t have enough aid to cover your cost? You can…

Parents of dependent undergraduate students have the opportunity to apply for a PLUS loan. More about PLUS loans

To apply for a PLUS loan, your parent should…

  • Go to studentloans.gov and log in using their FSA ID.
  • Select Apply for a Direct PLUS Loan.
  • Select the Direct PLUS Loan Application for Parents.
  • Complete the application. (Note: The financial aid office will be notified the next business day.

If your parent is approved, they can borrow to help cover your remaining balance.

Make sure they:

If your parent is denied, you may borrow up to an additional $4,000 under the federal student loan program.

Missouri Western allows students to make monthly payments throughout the semester by enrolling in a payment plan (3, 4 and 5 month plans available). More information about payment plans.

How to sign up…

  • Log into Goldlink.
  • Select Financial Aid & Billing.
  • Select Student Bill Inquiry, Payment Options.
  • Select “I Agree”.
  • Select Enroll in a Payment Plan.
  • Select the #term_desc#.
  • Select a payment plan option (3, 4 and 5 month plans available).
  • Review your payment schedule.
  • Set up or decline automatic payments from your bank account.
  • Agree to the terms of your payment plan.

Getting a job is a great way to meet other students and gain real life work experience.

It’s also a great way to help fund your education.

Apply Today

Missouri Western advises students to borrow Federal student loans before looking at private loan options and will not make recommendations regarding specific private lenders. Why?

Private Loans…

  • usually have higher interest rates;
  • do not offer loan forgiveness or income based repayment; and
  • may require you to have a parent or family member cosign the loan.

When researching private student loans make sure to consider…

Interest Rate

Check to see where you can get the best interest rate and be aware of whether your interest rate is fixed or variable. A cosigner with good credit can help you to get a lower interest rate.

Repayment Period

This is the amount of time that you have to repay the loan. Keep in mind that you may need to start repayment soon after you graduate or stop attending.

Interest Payments

Some private loan companies ask you to pay the interest on your loans while you are in school, some allow you to have the interest deferred, and some may have other options, like paying a specific amount per month while in school. Keep in mind that paying any amount toward your interest will help to reduce the total amount you pay over time.

Before you apply for private student loan funds, take a minute to think about how much you need, and can afford to borrow.