by our College Data Analytics TeamMost students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Missouri State University-Springfield can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial assistance solutions will Missouri State deliver, and just what are you going to be eligible for? Read on for answers. Scroll down to find out just how much financial aid will be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The information provided on this page can help you determine how much aid you may receive from Missouri State University-Springfield.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Missouri State University-Springfield, 95% of the incoming full-time class was awarded financial aid approximately 2529 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $8,770 |
| Institutional grants & scholarships | 79% | $5,911 |
| Federal Pell grants | 36% | $5,774 |
| State/local grants | 47% | $2,423 |
| Federal student loans | 47% | $5,110 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, some 52% of the undergraduate population received grant aid that averaged $8,161 (across roughly 10077 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 52% | $8,161 |
| Federal Pell grants | 22% | $5,594 |
| Federal student loans | 29% | $6,469 |
On-campus students receiving title-IV aid were awarded grants averaging $7,435.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,619 |
| $30,001 – $75,000 | $15,200 |
| Over $75,000 | $19,514 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $17,613 |
| Off-campus title-IV students | $17,502 |
To project your own net price, use Missouri State’s NPC: missouristate.studentaidcalculator.com/welcome.aspx.
A typical borrower at Missouri State leaves with $16,200 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $16,200 |
| Median federal debt (graduates only) | $21,992 |
| Typical 10-year monthly payment (graduates) | $233.15/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at Missouri State.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,250 |
| 25th percentile | $5,625 |
| 75th percentile | $26,000 |
| 90th percentile (highest-debt students) | $33,625 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $15,750 |
| Middle income | $15,750 |
| High income | $17,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,481 |
| Continuing-generation students | $15,750 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,000 |
| Independent students | $16,662 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Missouri State.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Missouri State:
| Metric | Value |
|---|---|
| Stafford loan recipients | 61434 |
| Total Stafford loan amount | $1,300,966,495 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 272 |
| Total GI Bill amount | $1,871,547 |
| Average GI Bill amount per recipient | $6,881 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 142 |
| Total DoD amount | $401,584 |
| Average DoD amount per recipient | $2,828 |
References
More about our data sources and methodologies.