Student Loans for Mizzou Students
About University of Missouri
The 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.
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.
Graduate students applying for University of Missouri financial aid are required to submit the Free Application for Federal Student Aid (FAFSA) and institutional forms. Graduate students interested in financial aid need to be U.S. citizens or hold a valid residence permit. Students are also required to be enrolled in a degree seeking program and maintain satisfactory academic progress to continue receiving aid as per the University of Missouri financial aid program’s standards. Certain programs exist to provide funding to graduate students from Missouri; somewhat obviously, out-of-state students cannot make use of these funding options.
What are the different types of MU financial aid?
MU financial aid programs comprise of various funding options for students, designed to help students pay off college tuition costs and other educational expenses such as accommodation, books, materials, etc. The most popular MU financial aid programs include federal loans such as Stafford loans, private loans, scholarships, grants, and student employment programs.
Pay for University of Missouri -Columbia*
|Total Avg. Cost||$20,741|
|Room & Board||$10,334|
|Financial Aid Information|
|Students Receiving Fin Aid||80%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$10,740|
|%Receiving Other Loans||5%|
Get into University of Missouri -Columbia
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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