When researchers and policymakers examine student enrollment and demographic trends in Missouri, one common measure used to capture the socioeconomic status of a school’s student body is the percentage of students eligible for free or reduced-price lunch (FRL). While this metric has been widely used, it often fails to accurately reflect family income and, as a result, can overestimate the true need within schools. This issue warrants further exploration, especially as it impacts key decisions about resource allocation and support for disadvantaged students.