Student Loans for Mizzou Students

About University of Missouri

student loansThe University of Missouri (UM, Missouri, or Mizzou) to many is a large, highly active public research university in Columbia, Missouri. It’s got many points of pride, from having the largest nuclear reactor of any university in the world, as well as being one of only 6 public universities to have schools of medicine, veterinary medicine, engineering, agriculture, and law on campus. Mizzou athletics are pretty great too; in addition to numerous bowl wins and Big 12 divisional titles, Missouri is recognized by the NCAA as the school that created the tradition of ‘Homecoming’, which was subsequently adopted by pretty much every college/university and tons of high schools across the country.

If you’re part of the 79% of students who receive Mizzou Financial Aid, then you should already understand that keeping a close watch on the cash you have on hand is pretty important. That means controlling your spending, or knowing what is okay to spend money on (and what isn’t). To give you a vague idea of appropriate spending, buying a student season ticket package to football and basketball games is okay if you can spare the $226 (if not, consider buying single-game tickets, and maybe don’t go to every single game). Going off campus to eat at Harpo’s or Shakespeare’s Pizza is fine, as long as you don’t go every single week and sink $50/month into a pizza habit. Just be smart about what you spend, and keep careful track. Penny pinching is a good habit to practice if you’re on Mizzou Financial Aid.

Applying for Financial Aid

The Mizzou Financial Aid office asks for but one form to be considered for financial aid (you might say they require one form to rule them all, one form to find them), and that form is the mainstay of financial aid programs everywhere – the Free Application for Federal Student Aid, also known as the FAFSA.

Student Loans

Scholarships, grants, student loans, and work-study programs are the four staples of financial aid awards everywhere, including at Mizzou. If you receive Mizzou Financial Aid, you will find some combination of these types of aid in your package, with amounts of each type and other variations depending on your financial need. Many students at Mizzou are able to afford the school without federal student loans – only 43% wind up taking out federal loans to cover the cost of attendance. An even smaller percentage of students – about 6% – have the misfortune to be stuck in a financial bracket where the Mizzou Financial Aid they receive just isn’t enough to cover the cost of

attendance after they make their family contribution. This 6% of students is the percentage of the Mizzou student body that has taken out private student loans to cover the cost of attending UM. If you’ve exhausted all of your financial aid options but still need more money to cover your college costs, then a private student loan could be right for you. To search for a student loan and compare many different loans from premier lenders, check out our student loan comparison tool right on this page: it allows you to find the loan that best fits your finances, and then apply for the one that’s right for you.

Pay for University of Missouri -Columbia*

Total Avg. Cost $20,741
Tuition $7,368
Room & Board $10,334
Financial Aid Information
Students Receiving Fin Aid 80%
Typical Grant Amounts
State/Local $1,927
Federal $4,393
%Receiving Loans 49%
Avg. Other Stud. Loans $10,740
%Receiving Other Loans 5%

Get into University of Missouri -Columbia

Admission Rate 83%
Total Enrollment 31,237
Men 46%
Women 54%
Graduation Rate 68%
Application Fee $45

Contact University of Missouri -Columbia

Address
105 Jesse Hall
Columbia, MO 65211(573) 882-2121
Financial Aid Office URL
http://sfa.missouri.edu
Admissions Office URL
http://admissions.missouri.edu/

*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics

 

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