Notably, 97% of the students at Missouri State University-Springfield get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $56,720,462. For additional information about financial assistance schemes, one can head over to MSUS’s financial aid page at http://www.missouristate.edu/FinancialAid/. The total percentage of candidates applying to Missouri State University-Springfield who receive the Federal Grant is 31%. Meanwhile, 77% of the applicants receive the Student Grant and 63% are awarded the Institution Grant, while 31% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,862, the State Grant receivers and Institution Grant beneficiaries get $2,022 and $3,420, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,633. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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. Every year, around 55% of the applicants to Missouri State University-Springfield opt for student loans.