by our College Data Analytics TeamThe total cost of attendance at Missouri Southern State University can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Curious about the financial aid opportunities at Missouri Southern and what you may be eligible for? Explore the answers here.
$6,189.00 is the typical Missouri Southern State University’s first year financial aid package. Approximately 95% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Missouri Southern State University.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The following numbers apply to scholarships and grants largely offered by the school itself.
71% of incoming freshmen (481 total) were awarded scholarships at Missouri Southern State University, averaging $3,138.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 90% of first-year students (612 total) got a federal grant, for about $3,682.00 per person.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 28.34% | $7,986.00 |
| Income 30k-48k | 14.98% | $8,136.00 |
| Income 48k-75k | 13.51% | $5,652.00 |
| Income 75k-110k | 6.31% | $2,453.00 |
| Income 110k + | 7.20% | $2,344.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
650 Missouri Southern undergrads obtain grant aid (this is about 95% of the entire undergraduate student population). The average amount these students receive is $6,189.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.