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Fast Track Workforce Incentive Grant logo

The Fast Track Workforce Incentive Grant is a new financial aid program for adults beginning with the 2019-20 academic year. 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.

 

FastTracksteps2To be considered to receive an award, an initial applicant must:

  • Submit a complete Fast Track application with the Department of Higher Education & Workforce Development. https://web.dhewd.mo.gov/studentportal/
  • Be at least 25 years old or not have been enrolled in an education program at any level within the past two years.
  • Enroll at least half-time at a participating institution in a program designated as eligible by the Coordinating Board.

    Approved programs for MACC

  • Complete the FAFSA at https://studentaid.gov/h/apply-for-aid/fafsa
  • Apply for and accept all governmental financial aid, which excludes work-study and any loans, for which he or she is eligible.
  • Have an Adjusted Gross Income, as reported on the FAFSA, of no more than $80,000 for married individuals filing federal income taxes jointly or $40,000 if filing in any other status.
  • Be a Missouri resident and a U.S. citizen or permanent resident.
  • Not have circumstances preventing receipt of federal Title IV student financial aid, such as being in default on a federal loan or having a criminal record preventing receipt of federal Title IV student financial aid.

 

Award amounts:

  • 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.

 

In order to avoid the grant being converted to a loan, the student must do all of the following:

  • Maintain at least half-time enrollment in an eligible program until graduation. Students may take a leave of absence of up to 12 months without triggering this requirement.
  • Graduate from an approved institution.
  • Verify residency in the state for 12 months after graduation and maintain residency for at least three years.
  • Achieve qualifying employment within 12 months of graduation and maintain qualifying employment for at least three years.

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. Must apply each semester by submitting a Fast Track Application with the Department of Higher Education & Workforce Development.

For additional information, please visit MOFastTrack.com or contact the Financial Aid Office.

 

Fast Track Loan Entrance Counseling