Missouri Baptist University (MBU) Financial Aid and Scholarships
Students Receiving Aid
36%
Total Aid Amount
$20.098M
Financial Aid Official Website
www.mobap.edu/financial-aid
Notably, 99% of the students at Missouri Baptist University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $9,800,816. For additional information about financial assistance schemes, one can head over to MBU’s financial aid page at http://www.mobap.edu/financial-aid. Notably, a total of 40% of the applicants to Missouri Baptist University receive the Federal Grant every year. In comparison, 98% of the students are awarded the Student Grant, 98% get the Institution Grant, and 40% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,787, while the same comes to $2,013 for State Grant receivers and $15,825 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,552. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $19,804 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $20,447 and $17,097, respectively. Those with an annual income level of $75,001-$110,000 would receive $13,939, while candidates with more than $110,000 of family income receive an average federal aid of $13,805. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At MBU, an estimated number of 74% of the applicants choose to go for student loans.
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