$4,769

Avg. Federal Grant

$5,605

Avg. Federal Loan

$48,053,256

Total Aid Awarded

Southeast Missouri State University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

79%

Total Aid Amount Average Total Aid Awarded per year.

$48.053M

Financial Aid Official Website

www.semo.edu/sfs/

Notably, 96% of the students at Southeast Missouri State University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $26,381,772. The total percentage of candidates applying to Southeast Missouri State University who receive the Federal Grant is 38%. In comparison, 91% of the students are awarded the Student Grant, 83% get the Institution Grant, and 38% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,934, while the same comes to $2,133 for State Grant receivers and $5,134 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,640. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 51% of the applicants to Southeast Missouri State University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

38%

State Grant Aid

39%

Institution Grant Aid

78%

Pell Grant

38%

Average Aid Awarded

Federal Grant Aid

$4,769

State Grant Aid

$2,025

Institution Grant Aid

$5,173

Pell Grant

$4,652

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,212

$30,001 - $48,000

$8,818

$48,001 - $75,000

$5,851

$75,001 - $110,000

$3,210

Over $110,000

$2,159

Student Loans for Southeast Missouri State University

Average Loan Amount Average Loan Amount received per year.

$6,222/Year

Students Taking Out Loans

55%

Loan Default Rate

9.7%

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