by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
Interested in understanding the financial aid resources available at Missouri University of Science and Technology and your eligibility? Find the answers you seek below.
$9,625.00 is the typical Missouri University of Science and Technology’s first year financial aid package. Approximately 99% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student 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 stats below refer to aid that is provided by Missouri University of Science and Technology.
95% of new students (1087 total) were given scholarships at Missouri University of Science and Technology, averaging $8,668.00 per student. 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.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes 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 displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
99% of the 1140 undergraduates at Missouri University of Science and Technology receive some sort of grant aid. This is a total of about 1106 students getting an average of $9,625.00 per person.
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.
