by our College Data Analytics TeamThe total cost of attendance at Missouri University of Science and Technology 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.
Uncover the various financial aid options provided by Missouri University of Science and Technology and determine which ones you may be eligible for by continuing your exploration.
Missouri University of Science and Technology average financial aid offer for freshmen students is $9,625.00. About 99% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at Missouri University of Science and Technology.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The following numbers pertain to assistance that is supplied by Missouri University of Science and Technology.
95% of new students (1087 total) were offered scholarships at Missouri University of Science and Technology, averaging $8,668.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 35% of freshman students (397 total) obtained federal grant aid, averaging $3,556.00 a piece.
Amount of Financial Assistance Per Income Level
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 | 7.54% | $15,767.00 |
| Income 30k-48k | 6.58% | $13,303.00 |
| Income 48k-75k | 6.32% | $11,467.00 |
| Income 75k-110k | 9.47% | $8,368.00 |
| Income 110k + | 16.84% | $7,140.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 1140 undergraduate students at Missouri University of Science and Technology around 99% (1106 total) receive some form of grant aid. The typical amount awarded was $9,625.00.
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.