Financial Assistance
The Office of Financial Assistance endeavors to assist deserving students and their families by making it financially possible to attend Central Methodist University. State and federal student assistance programs are used to assist students financially in attending CMU. The primary criterion for determining the amount of financial assistance a student is eligible to receive is financial need. It is the responsibility of the student and his or her family to fund the educational cost of attending college.
To receive state need-based grants, a student must be enrolled full time in an undergraduate degree program. To receive the Federal Stafford Loan, a student must be enrolled at least half time. Subsidized Federal Stafford loans are not available to graduate students and are limited to 150% of a student's published degree program length. The number of hours enrolled as an undergraduate student in pursuit of their first Bachelor's degree and financial need determine the amount, if any, of the Federal Pell Grant. Federal Pell Grant awards are limited to twelve semesters (600% of eligibility). Students enrolled in the College of Graduate and Extended Studies are not eligible for any institutional aid, academic or participatory.
Students will not receive any financial assistance if they owe refunds on grants or are in default on a loan previously issued by Central Methodist University or another college, or are not maintaining satisfactory progress in the course of study they are pursuing according to the standards and practices of the University. Please refer to the section below on Standards of Satisfactory Academic Progress to Maintain Financial Assistance Eligibility.
All funding is awarded in accordance with state and federal policies, and those policies set forth by the Enrollment Management Committee. Central Methodist University does not discriminate on the basis of race, color, religion, sex, sexual preference, national origin, age, or federally defined disability in its recruitment and admission of students. Concerns regarding financial aid should be filed first with the Director of Financial Assistance. Appeals may be made to the Vice-President of Finance and Administration.