Missouri Family Education Loan Program

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.