$2,465

Avg. Federal Grant

$3,668

Avg. Federal Loan

$4,831,682

Total Aid Awarded

Central Methodist University (CMU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

34%

Total Aid Amount Average Total Aid Awarded per year.

$4.832M

Financial Aid Official Website

www.centralmethodist.edu/admissions/financial-aid/index.php

Ranked as one of the best Regional Universities in Midwest, CMU assists the students with financial aid and scholarship to grab all opportunities on their way. It not only strives to provide the best education but also a number of co-curricular and extra-curricular activities to shape up the enrolled candidates; topped with good leadership and professional qualities. Central Methodist University (CMU) is accredited by the  Higher Learning Commission to provide better exposure for bright students along with a secured life and professionalism.

For using these to reduce the tuition costs, you need to complete the Central Methodist University application and the FAFSA form. The university has served 34% of the students with award amounts reaching nearly upto $4,831,682.

You may also have a look over the Eligibility for Financial Aid page. It's essential on your part to note the Central Methodist University school code, which is 002453.

Scholarships

CLAS Scholarships

  • Incoming Freshmen Students: Based on the grade point average(GPA) and the ACT/SAT scores, this scholarship is applicable for both domestic and international candidates with award amounts having a range of $4,000 - $12,000.

  • Transfer Students: Considering the number of transfer hours and GPA, both domestic and international candidates  are open to apply for this opportunity.

  • Gulstad Scholars Transfer Scholarship: This is aimed to serve the undergraduate outstanding community college students to complete their degrees at Central Methodist University in Fayette with a minimum GPA of 2.75 or more.

  • Fall Eagle Select Scholarship Virtual & Essay Competition: Students who have a GPA of 3.5 and a SAT score of 26 are eligible for the award. 

Stackable Scholarships

  • Phi Theta Kappa Scholarship: Transfer students with a GPA of 2.0 and having a membership of Phi Theta Kappa receive $1,000 to use it against the Central Methodist University tuition and fees.

CGES Scholarships

  • Gulstad Achievement Scholarship: Full-time students who have secured a GPA of 2.75 while completing their associate degree from CMU’s extended sites or from Central Methodist University online platform are open to apply.

To update yourself with the regular terms and conditions, reach the eligibility criteria and necessary qualification to opt for such financial aid services, visit Central Methodist University Scholarships page.

Grants

Federal Grants

  • Pell Grants: The eligibility for CMU students is confined to 43% when it comes to receiving pell grants. Thes have a range fluctuating between $657 - $6,195 and $652 - $6,095 provided the expected family contribution is limited to $5,576 and $5,486, respectively.

  • Summer Pell Grants: This aids students in taking up and carrying out their studies and degrees in Central Methodist University summer classes for faster completion and qualification.

  • Supplemental Educational Opportunity Grant: The students must be enrolled at least half-time for eligibility.However, the amount is not sufficient to cover campus or tuition expenses. Both full-time and part-time students are eligible where they would be offered with $400 per year.

Any remaining information you'd like to learn about, you may find in CMU Grants.

State Grants

Access Missouri Grant: Full-time students attending CMU who are Missouri residents may receive a minimum assistance of $1,500 or even a maximum amount of $3,000 with top 3% in their SAT/ACT scores and a GPA of 2.5.

Loans

  • Federal Direct Subsidized Student Loan: The Federal Government pays interests which are usually low for all students with demonstrated financial need where they must be enrolled at least half-time. The interest rates are fixed to 4.529%.

  • Federal Direct Unsubsidized Student Loan: This is offered to assist students regardless of any financial need, where  they are required to repay back these loans and pay interests. The interest rates are fixed to 5.05% for undergraduate students and 6.6% for graduates.

  • Parent Federal Direct PLUS Loan: The interest rates are fixed to 7.079% which is applicable for dependent undergraduate students where the parents must be U.S. residents without having any adverse credit checks.

  • Federal Graduate PLUS Loans: It is similar to Direct PLUS loans where the students must be enrolled at least half-time in an eligible graduate degree program.

To learn more about loan limits and other relevant queries, visit CMU Financial Aid FAQs.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

67%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

67%

Average Aid Awarded

Federal Grant Aid

$2,465

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$2,465

Central Methodist University campus and tuition costs get usually reduced when you apply for federal and state grants. The notable figures display their contribution:

  • Federal Grants: Around 67% of the students are provided with an average aid of $2,465.

  • Pell Grants: This caters 67% of the students with an average aid of $2,465.

On an average, $3,668 of federal loans is offered to the students confronting financial hurdles.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$2,960

$30,001 - $48,000

N/A

$48,001 - $75,000

$1,970

$75,001 - $110,000

N/A

Over $110,000

N/A

It’s unfortunate that we cannot provide you with exhaustive information regarding the sort of financial assistance you would be awarded with considering your family income. However, you are open to approach the Admissions Department for further details.

Student Loans for Central Methodist University (CMU)

Average Loan Amount Average Loan Amount received per year.

$3,668/Year

Students Taking Out Loans

67%

Loan Default Rate

N/A

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