Basic Information
The Missouri Family Education Loan Program (MOFELP) is a private loan program awarded
on a first come, first served basis to qualified students. The annual loan limit is
$5000 with a 0% interest rate. There are no additional fees. Borrowers are responsible
for a $5 monthly keep-in-touch payment while they are enrolled in school. Qualified
students must meet the following criteria:
- Be Enrolled full-time
- Making Satisfactory Academic Progress (SAP)
- EFC of $12,000 or less
- At least 17 years of age
- US Citizen
- Permanent Missouri resident
- Not have a Bachelor’s Degree
- At least 21 on ACT or 1500 on SAT; or have an overall cumulative GPA of 2.5 or higher
earned at Southeast Missouri State University
- Not have a conviction of fraud
- Two year credit history (or have a cosigner with two year credit history)
- Must receive annual loan limits for Federal Direct Subsidized and Unsubsidized Loans
For additional information and to request an application, please contact Student Financial
Services (573) 651-2253.