Recipients of Missouri grants and scholarships, such as Bright Flight and the Missouri Guaranteed Education Fund, can expect more of the same this school year: a delay in their financial aid.
Students will wait another two weeks for their money, said Dan Peterson, director of financial assistance and outreach for the Missouri Department of Higher Education. Peterson said this year’s money will be released in late September. Last year, schools received the money in late August.
Peterson said the department deployed a new system in April, which is the reason for this year’s delay.
Peterson pointed to an old, inefficient system as the reason for the update.
“We are currently testing the certification and disbursement process of the new system,” he said.
Once that testing is completed, the system will be put into production so schools can certify state money for fall student disbursements, Peterson said.
MU spokesman Christian Basi said this year’s delay is not unusual. Basi said that the university realizes that when students have not received their grants or scholarships, it is not the students’ fault.
“In those cases, we also understand that they have financial obligations that they need to meet,” Basi said.
To help affected students, Basi said the university will offer short-term, no-interest loans in the amount of their grants or scholarships.
Basi said students concerned about their financial situation can call the MU Financial Aid office at 882-7506.