by our College Data Analytics TeamMany students attending Missouri State University - Springfield can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
What amount of Missouri State financial assistance will actually be available to you?Get answers to your questions here.
Missouri State University - Springfield average financial aid offer for freshmen students is $5,055.00. 94% of first-year students are awarded financial aid, primarily comprising loans.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at Missouri State University - Springfield.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The numbers below apply to scholarships and grants primarily provided by Missouri State University - Springfield.
73% of new students (1915 total) were given scholarships at Missouri State University - Springfield, averaging $4,792.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 78% of freshman students (2056 total) obtained federal grant aid, averaging $2,757.00 a piece.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 11.02% | $9,478.00 |
| Income 30k-48k | 8.25% | $8,715.00 |
| Income 48k-75k | 10.64% | $5,909.00 |
| Income 75k-110k | 12.72% | $3,865.00 |
| Income 110k + | 20.45% | $2,653.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 2641 undergraduate students at Missouri State University - Springfield around 94% (2432 total) receive some form of grant aid. The typical amount awarded was $5,055.00.
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.