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Missouri Department of Higher Education and Workforce Development



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FAST TRACK WORKFORCE INCENTIVE GRANT

Home » Initiatives » fasttrackgrant_for_students

The Fast Track Workforce Incentive Grant is a new financial aid program for
adults. The grant addresses workforce needs by helping adults pursue a
certificate, degree, or industry-recognized credential in an area designated as
high need. Grant recipients must maintain Missouri residency and work in
Missouri for three years after graduation to prevent the grant from becoming a
loan that must be repaid with interest.







 

 


ELIGIBILITY

 * Individuals who are 25 years or older or individuals who have not been
   enrolled in any school within the last two years can participate.

 * The grant will serve students who have not earned a bachelor's degree and are
   planning to enroll part time or full time.

 * Individuals who make no more than $80,000 filing jointly, or no more than
   $40,000 per year, filing any other tax status.


APPLICATION PROCESS

 * Find and enroll in an approved program at an eligible institution.

 * Complete the Fast Track application, available through the State Student
   Financial Aid Portal. Click here to register for the portal and to complete
   your Fast Track application. Find the Fast Track application listed under the
   "Estimate Eligibility" tab. Choose the academic year and scroll down to
   apply.

 * You must complete the FAFSA each year you are enrolled (or are planning to
   enroll) in college. Individuals interested in receiving Fast Track for the
   2020-21 academic year will need to complete the 2020-21 FAFSA, using tax
   information from 2018.
   
   * To receive a disbursement for a term beginning on or after June 1, 2021 you
     must submit a 2021-22 Fast Track application and complete the 2021-22
     FAFSA, using tax information from 2019. Your award for that term will be
     processed after the July 1 beginning of the 2021-22 academic year.

 * The deadline for submitting a Fast Track application for the 2020-21 academic
   year is May 15, 2021.

The department receives electronic FAFSA records for Missouri residents directly
from the federal government. The department cannot process your application
until you have a FAFSA on file. 

 


AWARDS

 * The Fast Track grant is designed to ensure, when combined with other
   governmental financial aid, that tuition and fees are fully covered.
 * Awards will be for any remaining tuition and fees not covered by other state
   and federal student aid programs.
 * For individuals for which other aid covers the full tuition and fee costs,
   students are eligible for an award of up to $500 to cover other
   education-related expenses.
 *  You must complete a self-certification formPDF Document for each
   disbursement. Return the form to mdhestudentportal@dhewd.mo.gov or:
   
   Missouri Department of Higher Education & Workforce Development
   
   Attn: Fast Track
   
   P.O. Box 1469
   
   Jefferson City, MO 65102

 * The processing time for each disbursement includes school verification of
   your eligibility, your acceptance of the award and return of both the signed
   promissory note and self-certification form, and MDHEWD review of submitted
   information. 
   * You will be notified by text or email each time action is required and must
     respond by the deadline provided in the Student Portal to prevent
     cancellation of the disbursement. 
 * Disbursements for the 2020-21 academic year must be made by June 30,
   2021. Disbursements initiated after June 1 may not be processed in time to
   meet this deadline.

 


GRANT REQUIREMENTS

 * This grant may be renewed by meeting all of the initial requirements and by
   making satisfactory progress, which includes maintaining at least a 2.5
   cumulative grade point average.
 * The grant requires that students graduate from an approved institution,
   maintain Missouri residency, achieve qualifying employment in Missouri within
   12 months of graduation, and maintain qualifying employment in Missouri for
   at least three years.
 * One-third of the aggregate amount received through the Fast Track grant will
   remain a grant for each year of residency and employment. If the recipient
   meets the residency and employment requirements for less than the full three
   years, any remaining balance will be converted to a loan and will be
   repayable with interest.

 

 

Learn more details about eligibility requirements, renewal requirements, and how
to keep the grant from converting to a loanPDF Document.

 


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