{"id":1027,"date":"2017-10-31T16:11:01","date_gmt":"2017-10-31T16:11:01","guid":{"rendered":"https:\/\/www.missouriwestern.edu\/finaid\/?page_id=1027"},"modified":"2024-08-29T11:27:30","modified_gmt":"2024-08-29T16:27:30","slug":"calculating-financial-need","status":"publish","type":"page","link":"https:\/\/www.missouriwestern.edu\/finaid\/calculating-financial-need\/","title":{"rendered":"Calculating Financial Need"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:30px;padding-bottom:0px;padding-left:30px;margin-bottom: 0px;margin-top: 0px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#e0dede;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_2_3 2_3 fusion-two-third fusion-column-first\" style=\"width:66.666666666667%;width:calc(66.666666666667% - ( ( 4% ) * 0.66666666666667 ) );margin-right: 4%;margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-content-boxes content-boxes columns row fusion-columns-1 fusion-columns-total-1 fusion-content-boxes-1 content-boxes-icon-with-title content-left\" data-animationOffset=\"100%\" style=\"margin-top:0px;margin-bottom:20px;\"><style type=\"text\/css\">.fusion-content-boxes-1 .heading .content-box-heading {color:#333333;}\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-link-icon-hover .heading .content-box-heading,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-link-icon-hover .heading .heading-link .content-box-heading,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box-hover .heading .content-box-heading,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box-hover .heading .heading-link .content-box-heading,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-link-icon-hover.link-area-box .fusion-read-more,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-link-icon-hover.link-area-box .fusion-read-more::after,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-link-icon-hover.link-area-box .fusion-read-more::before,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .fusion-read-more:hover:after,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .fusion-read-more:hover:before,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .fusion-read-more:hover,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box-hover.link-area-box .fusion-read-more,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box-hover.link-area-box .fusion-read-more::after,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box-hover.link-area-box .fusion-read-more::before,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-link-icon-hover .icon .circle-no,\n\t\t\t\t\t.fusion-content-boxes-1 .heading .heading-link:hover .content-box-heading {\n\t\t\t\t\t\tcolor: #ffc20e;\n\t\t\t\t\t}\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box-hover .icon .circle-no {\n\t\t\t\t\t\tcolor: #ffc20e !important;\n\t\t\t\t\t}.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box.link-area-box-hover .fusion-content-box-button {background: rgba(255,199,0,0.7);color: #000000;}.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box.link-area-box-hover .fusion-content-box-button .fusion-button-text {color: #000000;}\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-link-icon-hover .heading .icon > span {\n\t\t\t\t\t\tbackground-color: #ffc20e !important;\n\t\t\t\t\t}\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box-hover .heading .icon > span {\n\t\t\t\t\t\tborder-color: #ffc20e !important;\n\t\t\t\t\t}<\/style><div class=\"fusion-column content-box-column content-box-column content-box-column-1 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"100%\"><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#747474;\">\n<p><span style=\"font-weight: 400;\">To determine your financial need for assistance, Missouri Western begins by estimating your total\u00a0<\/span><a href=\"https:\/\/www.missouriwestern.edu\/finaid\/cost-of-attendance\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Cost of Attendance<\/span><\/a><span style=\"font-weight: 400;\">\u00a0in accordance with federal regulations.\u00a0Your Cost of\u00a0Attendance\u00a0includes more than just the charges you see on your bill for tuition, fees and on-campus housing. Allowances for books and supplies, transportation and living expenses are also built in.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Next, we subtract your Student Aid Index (SAI). Your SAI is determined\u00a0using a formula\u00a0established\u00a0by law\u00a0that takes into consideration your family income, assets, and number in the family size. In other words, your SAI is determined by the information you provide on your FAFSA.\u00a0<\/span><a href=\"https:\/\/studentaid.gov\/apply-for-aid\/fafsa\/filling-out\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">More Information<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Then, we subtract the assistance you are expected to receive from ALL sources.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Using guidelines established by the U.S. Department of Education, Missouri Western financial aid administrators put together a financial aid package that comes as close as possible to meeting your need. Because funds are limited, the actual amount awarded may fall short of the amount of unmet need you have.<\/span><\/p>\n<\/div><\/div><\/div><style type=\"text\/css\">\n\t\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .heading-link:hover .icon i.circle-yes,\n\t\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box:hover .heading-link .icon i.circle-yes,\n\t\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-link-icon-hover .heading .icon i.circle-yes,\n\t\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box-hover .heading .icon i.circle-yes {\n\t\t\t\t\t\t\tbackground-color: #ffc20e !important;\n\t\t\t\t\t\t\tborder-color: #ffc20e !important;\n\t\t\t\t\t\t}<\/style><div class=\"fusion-clearfix\"><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_3 1_3 fusion-one-third fusion-column-last\" style=\"width:33.333333333333%;width:calc(33.333333333333% - ( ( 4% ) * 0.33333333333333 ) );margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-content-boxes content-boxes columns row fusion-columns-1 fusion-columns-total-1 fusion-content-boxes-2 content-boxes-icon-with-title content-left\" data-animationOffset=\"100%\" style=\"margin-top:0px;margin-bottom:20px;\"><style type=\"text\/css\">.fusion-content-boxes-2 .heading .content-box-heading {color:#333333;}\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-link-icon-hover .heading .content-box-heading,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-link-icon-hover .heading .heading-link .content-box-heading,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-box-hover .heading .content-box-heading,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-box-hover .heading .heading-link .content-box-heading,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-link-icon-hover.link-area-box .fusion-read-more,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-link-icon-hover.link-area-box .fusion-read-more::after,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-link-icon-hover.link-area-box .fusion-read-more::before,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .fusion-read-more:hover:after,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .fusion-read-more:hover:before,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .fusion-read-more:hover,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-box-hover.link-area-box .fusion-read-more,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-box-hover.link-area-box .fusion-read-more::after,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-box-hover.link-area-box .fusion-read-more::before,\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-link-icon-hover .icon .circle-no,\n\t\t\t\t\t.fusion-content-boxes-2 .heading .heading-link:hover .content-box-heading {\n\t\t\t\t\t\tcolor: #ffc20e;\n\t\t\t\t\t}\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-box-hover .icon .circle-no {\n\t\t\t\t\t\tcolor: #ffc20e !important;\n\t\t\t\t\t}.fusion-content-boxes-2 .fusion-content-box-hover .link-area-box.link-area-box-hover .fusion-content-box-button {background: rgba(255,199,0,0.7);color: #000000;}.fusion-content-boxes-2 .fusion-content-box-hover .link-area-box.link-area-box-hover .fusion-content-box-button .fusion-button-text {color: #000000;}\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-link-icon-hover .heading .icon > span {\n\t\t\t\t\t\tbackground-color: #ffc20e !important;\n\t\t\t\t\t}\n\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-box-hover .heading .icon > span {\n\t\t\t\t\t\tborder-color: #ffc20e !important;\n\t\t\t\t\t}<\/style><div class=\"fusion-column content-box-column content-box-column content-box-column-1 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"100%\"><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#747474;\">\n<table border=\"0\" cellspacing=\"10\" cellpadding=\"10\">\n<tbody>\n<tr style=\"background-color: #ffc700; border-color: #ffc700;\">\n<td style=\"border-color: #050505; width: 19px; background-color: #050505;\" colspan=\"3\">\n<p style=\"text-align: center;\"><span style=\"color: #ffffff; font-size: 14pt;\"><strong>Need Calculation\u00a0Example (In-State Tuition)<\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n<tr style=\"background-color: #ffffff;\">\n<td style=\"width: 19px;\"><span style=\"color: #000000;\">\u00a0<\/span><\/td>\n<td style=\"width: 74px;\"><span style=\"color: #000000;\">$28,757<\/span><\/td>\n<td style=\"width: 390px;\"><span style=\"color: #000000;\">Cost of Attendance Budget<\/span><\/td>\n<\/tr>\n<tr style=\"background-color: #ffffff;\">\n<td style=\"width: 19px;\"><span style=\"color: #000000;\">&#8211;<\/span><\/td>\n<td style=\"width: 74px;\"><span style=\"color: #000000;\">$200<\/span><\/td>\n<td style=\"width: 390px;\"><span style=\"color: #000000;\">SAI (Determined by FAFSA Results)<\/span><\/td>\n<\/tr>\n<tr style=\"border-color: #e0dede; background-color: #e0dede;\">\n<td style=\"width: 19px;\"><span style=\"color: #000000;\">=<\/span><\/td>\n<td style=\"width: 74px;\"><span style=\"color: #000000;\">$28,557<\/span><\/td>\n<td style=\"width: 390px;\"><span style=\"color: #000000;\">Financial Need<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 19px;\"><span style=\"color: #000000;\">&#8211;<\/span><\/td>\n<td style=\"width: 74px;\"><span style=\"color: #000000;\">$7,195<\/span><\/td>\n<td style=\"width: 390px;\"><span style=\"color: #000000;\">Pell Grant (eligibility based on FAFSA results)<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 19px;\"><span style=\"color: #000000;\">&#8211;<\/span><\/td>\n<td style=\"width: 74px;\"><span style=\"color: #000000;\">$2,850<\/span><\/td>\n<td style=\"width: 390px;\"><span style=\"color: #000000;\">State Grant (eligibility based on FAFSA results )<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 19px;\"><span style=\"color: #000000;\">&#8211;<\/span><\/td>\n<td style=\"width: 74px;\"><span style=\"color: #000000;\">$5,500<\/span><\/td>\n<td style=\"width: 390px;\"><span style=\"color: #000000;\">Direct Loan (freshman max per year)<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 19px;\"><span style=\"color: #000000;\">&#8211;<\/span><\/td>\n<td style=\"width: 74px;\"><span style=\"color: #000000;\">$1,000<\/span><\/td>\n<td style=\"width: 390px;\"><span style=\"color: #000000;\">Missouri Western Scholarship<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 19px;\"><span style=\"color: #000000;\">&#8211;<\/span><\/td>\n<td style=\"width: 74px;\"><span style=\"color: #000000;\">$1,000<\/span><\/td>\n<td style=\"width: 390px;\"><span style=\"color: #000000;\">External Scholarship<\/span><\/td>\n<\/tr>\n<tr style=\"border-color: #e0dede; background-color: #e0dede;\">\n<td style=\"width: 19px;\"><span style=\"color: #000000;\">=<\/span><\/td>\n<td style=\"width: 74px;\"><span style=\"color: #000000;\">$11,012<\/span><\/td>\n<td style=\"width: 390px;\"><span style=\"color: #000000;\">Un-Met Need (out of pocket expense)<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div><\/div><style type=\"text\/css\">\n\t\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .heading-link:hover .icon i.circle-yes,\n\t\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-box:hover .heading-link .icon i.circle-yes,\n\t\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-link-icon-hover .heading .icon i.circle-yes,\n\t\t\t\t\t\t.fusion-content-boxes-2 .fusion-content-box-hover .link-area-box-hover .heading .icon i.circle-yes {\n\t\t\t\t\t\t\tbackground-color: #ffc20e !important;\n\t\t\t\t\t\t\tborder-color: #ffc20e !important;\n\t\t\t\t\t\t}<\/style><div class=\"fusion-clearfix\"><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":71,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_mi_skip_tracking":false},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/www.missouriwestern.edu\/finaid\/wp-json\/wp\/v2\/pages\/1027"}],"collection":[{"href":"https:\/\/www.missouriwestern.edu\/finaid\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.missouriwestern.edu\/finaid\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.missouriwestern.edu\/finaid\/wp-json\/wp\/v2\/users\/71"}],"replies":[{"embeddable":true,"href":"https:\/\/www.missouriwestern.edu\/finaid\/wp-json\/wp\/v2\/comments?post=1027"}],"version-history":[{"count":46,"href":"https:\/\/www.missouriwestern.edu\/finaid\/wp-json\/wp\/v2\/pages\/1027\/revisions"}],"predecessor-version":[{"id":3974,"href":"https:\/\/www.missouriwestern.edu\/finaid\/wp-json\/wp\/v2\/pages\/1027\/revisions\/3974"}],"wp:attachment":[{"href":"https:\/\/www.missouriwestern.edu\/finaid\/wp-json\/wp\/v2\/media?parent=1027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.missouriwestern.edu\/finaid\/wp-json\/wp\/v2\/categories?post=1027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.missouriwestern.edu\/finaid\/wp-json\/wp\/v2\/tags?post=1027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}