Student Loans for Missouri State University Students
About Missouri State University
Missouri State University (MSU) was established in 1905 as a means for educating and inspiring students from all across the United States. Located on a sprawling 225-acre urban campus in Springfield MO, the institution has more than twenty thousand students enrolled in a number of academic programs. The university is comprised of nine colleges, including a graduate school and a college for continuing education for adult students. MSU also has a comprehensive athletics program with a number of its teams playing in the NCAA Division I. As far as the location of the university is concerned, the city of Springfield offers an interesting blend of arts and cultures with ample opportunity for you to discover and explore.
About Missouri State Financial Aid
Before going to college, it is important for you to estimate the cost of attendance. This is the sum of your tuition, room & board, books & supplies, transportation, and personal expenses. The number you get after adding all of these factors are the amount you will require to attend MSU. This amount might seem quite daunting, but the MSU financial aid program can help you. The sole purpose of the Missouri State University financial aid program is to ensure that quality education is accessible to every student regardless of his/her background. This commitment not only sits at the heart of this program but is also demonstrated in practice with a significant number of students receiving financial aid every year.
The application process for Missouri State University financial aid is pretty straightforward. All you need to do to apply for financial aid is complete and submit a FAFSA (Free Application for Federal Student Aid). You can either mail in the FAFSA or submit it online at www.fafsa.ed.gov. Accuracy and timely submission are important and help ensure there are no delays in reviewing your eligibility.
By submitting a FAFSA, you could be eligible for grants, federal loans and a work-study program. In addition to these federal options, the Missouri State financial aid office also offers institutional merit based scholarships, and encourages and helps students seek outside awards.
Student Loan Options
There is a possibility that your financial aid package will not cover the entire amount needed, so you may want to consider applying for private loans. It is strongly recommended that you first exhaust all of your options before turning to alternative loans. If you come to the decision that you need a private loan, then we have a comprehensive Student Loan Comparison Tool that will help you select the best option. The tool compares loans on the basis of their interest rates, terms of repayments, and payback period. You can use this tool for free on our website.
What costs should I include when applying for Missouri State Financial Aid?
Student interested in applying for Missouri State should estimate the cost of attendance. This estimate is an integral part of the financial application, which allows students to borrow the appropriate amount of funds. Costs to include in this estimate are tuition, room & board, books & supplies, and transportation expenses. The cost of attendance varies for in-state and out-of-state students. The current rates for these expenses are available on the Missouri State financial aid webpage.
What scholarship awards are available for freshmen students at Missouri State University?
There are a number of scholarship awards available for freshmen students at Missouri State University. These scholarship awards are merit-based and require students to demonstrate exceptional academic credentials. The awards offered by the Missouri State University financial aid office are Presidential Scholarships, Board of Governors Scholarships, Provost Scholarships, and Dean’s Scholarships. In order to continue receiving these awards, students must comply with the renewal requirements.
Pay for Missouri State University*
|Total Avg. Cost||$22,830|
|Room & Board||$6,394|
|Financial Aid Information|
|Students Receiving Fin Aid||80%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$5,608|
|%Receiving Other Loans||3%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics