by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
Discover the financial aid possibilities at UMSL and learn what assistance you might qualify for by continuing to read.
$12,284.00 is the typical University of Missouri - St Louis’s first year financial aid package. About 96% of first year students receive financial aid, most of which is in the form of 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.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from University of Missouri - St Louis you may end up taking on.
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 listed below make reference to help that is offered by University of Missouri - St Louis.
91% of new students (395 total) were given scholarships at University of Missouri - St Louis, averaging $11,172.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 49% of freshman students (213 total) obtained federal grant aid, averaging $5,782.00 a piece.
Amount of Financial Assistance Per Income Level
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 18.35% | $14,490.00 |
| Income 30k-48k | 9.40% | $16,157.00 |
| Income 48k-75k | 9.86% | $13,190.00 |
| Income 75k-110k | 8.94% | $7,224.00 |
| Income 110k + | 8.72% | $8,108.00 |
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 436 undergraduate students at University of Missouri - St Louis around 96% (412 total) receive some form of grant aid. The typical amount awarded was $12,284.00.
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.