Notably, 97% of the students at University of Missouri-St Louis get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $27,536,690. More information regarding the financial assistance schemes can be accessed on UMSL’s official financial aid page at https://www.umsl.edu/services/finaid/. At UMSL, the total percentage of applicants who receive the Federal Grant stands at 48%. In comparison, 95% of the students are awarded the Student Grant, 92% get the Institution Grant, and 48% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,337, and the same stands at $2,254 for State Grant awardees and $10,879 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,972. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 45% of the applicants to University of Missouri-St Louis opt for student loans.