$4,896

Avg. Federal Grant

$5,042

Avg. Federal Loan

$5,908,202

Total Aid Awarded

State Technical College of Missouri Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

75%

Total Aid Amount Average Total Aid Awarded per year.

$5.908M

Financial Aid Official Website

https://www.statetechmo.edu/campus-services/financial-aid/

It is interesting to note that, every year, around 95% of students at STCM receive some kind of financial aid, while the total amount of assistance/loans provided is $3,976,507. One can visit STCM's financial aid page at https://www.statetechmo.edu/campus-services/financial-aid/ for more information. At STCM, the total percentage of applicants who receive the Federal Grant stands at 40%. On the other hand, 85% of the candidates get the Student Grant, 6% receive the Institution Grant, and 39% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,576, and the same stands at $6,489 for State Grant awardees and $2,522 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,829. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Candidates are also required to repay these loans within a given period. Every year, around 55% of the applicants to State Technical College of Missouri opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

44%

State Grant Aid

80%

Institution Grant Aid

6%

Pell Grant

43%

Average Aid Awarded

Federal Grant Aid

$4,896

State Grant Aid

$5,632

Institution Grant Aid

$2,708

Pell Grant

$4,804

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,154

$30,001 - $48,000

$7,754

$48,001 - $75,000

$7,254

$75,001 - $110,000

$5,453

Over $110,000

$5,558

Student Loans for State Technical College of Missouri

Average Loan Amount Average Loan Amount received per year.

$5,388/Year

Students Taking Out Loans

55%

Loan Default Rate

6.5%

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