Missouri University of Science and Technology Financial Aid and Scholarships
Students Receiving Aid
79%
Total Aid Amount
$45.242M
Financial Aid Official Website
sfa.mst.edu/
As many as 96% of the students at MUST get some sort of financial aid, and the total amount of assistance/loans provided is more than $20,438,164 in a year. More information regarding the financial assistance schemes can be accessed on MUST’s official financial aid page at http://sfa.mst.edu/. Notably, a total of 25% of the applicants to Missouri University of Science and Technology receive the Federal Grant every year. Meanwhile, 91% of the applicants receive the Student Grant and 81% are awarded the Institution Grant, while 25% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,707, while the same comes to $2,746 for State Grant receivers and $7,070 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,149. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Every year, around 53% of the applicants to Missouri University of Science and Technology opt for student loans.
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