Filling a Financial Need
A pharmacy education is a big commitment, both personally and financially, but a variety of grants, scholarships, and loans are available to help you pay for your education. At STLCOP, we provide options that can help make your education affordable. In fact, 94 percent of students receive financial aid.
Students are considered for receipt of two basic types of financial aid:
Need Based Aid
Need based aid is financial aid awarded on the basis of financial need. The process of determining financial need begins by completing the Free Application for Federal Student Aid (FAFSA). This federal form compiles financial information needed for the federal government to assess the needs of individual students.
Need-based aid includes:
- Federal loans and grants
- Missouri State Grants (Missouri residents only)
- Endowed scholarships
Non-Need Based Aid
Non-need based aid is financial aid awarded on the basis of a student’s ability, talent or unique characteristics, such as academic achievements, athletic ability, etc.
Non-need based aid includes:
- Unsubsidized federal loans (require recipients to file a FAFSA)
- Merit scholarships
Federal work-study provides part-time job opportunities for students to supplement other financial aid. Work-study students work an average of five to six hours per week and can earn approximately $1,500 each year.