$4,632

Avg. Federal Grant

$5,329

Avg. Federal Loan

$39,263,224

Total Aid Awarded

University of Central Missouri (UCM) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

68%

Total Aid Amount Average Total Aid Awarded per year.

$39.263M

Financial Aid Official Website

https://www.ucmo.edu/offices/student-financial-services/

Among them are scholarship programs such as Jesse Wrench Scholarship, MLN Scholarship, Midwest Student Exchange Program, and Missouri Higher Education Academic Scholarship (Bright Flight). Notably, 94% of the students at University of Central Missouri get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $28,319,051. More information regarding the financial assistance schemes can be accessed on UCM’s official financial aid page at https://www.ucmo.edu/offices/student-financial-services/. At UCM, the total percentage of applicants who receive the Federal Grant stands at 38%. On the other hand, 83% of the candidates get the Student Grant, 62% receive the Institution Grant, and 37% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,502, and the same stands at $1,940 for State Grant awardees and $3,858 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,160. 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 59% of the applicants to University of Central Missouri opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

39%

State Grant Aid

38%

Institution Grant Aid

61%

Pell Grant

39%

Average Aid Awarded

Federal Grant Aid

$4,632

State Grant Aid

$1,909

Institution Grant Aid

$4,179

Pell Grant

$4,426

 The given table shows that the institutional grant aid percentage is 61% which is greater than the Pell Grant percentage which is 39% only with an average aid institutional grant of $4179 and $ 4426 of Pell Grant average aid.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,047

$30,001 - $48,000

$7,526

$48,001 - $75,000

$4,925

$75,001 - $110,000

$3,216

Over $110,000

$3,004

Overall, the students whose family income is below $30,000 will get an aid of $8047 and the students whose family income more than $110,000 will get an aid of $3004 which shows that they are committed to help you whether it's achieving the goals or everything related to financing the education.

Student Loans for University of Central Missouri (UCM)

Average Loan Amount Average Loan Amount received per year.

$6,365/Year

Students Taking Out Loans

64%

Loan Default Rate

8.5%

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