University of Missouri Financial Aid and Scholarships
Students Receiving Aid
61%
Total Aid Amount
$137.186M
Financial Aid Official Website
financialaid.missouri.edu/
As many as 89% of the students at UMC get some sort of financial aid, and the total amount of assistance/loans provided is more than $54,102,149 in a year. For additional information about financial assistance schemes, one can head over to UMC’s financial aid page at http://financialaid.missouri.edu/. The total percentage of candidates applying to University of Missouri-Columbia who receive the Federal Grant is 27%. Meanwhile, 79% of the applicants receive the Student Grant and 77% are awarded the Institution Grant, while 26% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,036, the State Grant receivers and Institution Grant beneficiaries get $2,427 and $8,802, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,360. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At UMC, an estimated number of 44% of the applicants choose to go for student loans.
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