by our College Data Analytics TeamMany students attending Southeast Missouri State University can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
What financial aid options does Southeast Missouri State University offer, and what will you qualify for? Keep scrolling for answers.
$6,714.00 is the typical Southeast Missouri State University’s first year financial aid package. 97% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Southeast Missouri State University.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The numbers listed below make reference to help that is offered by Southeast Missouri State University.
86% of incoming freshmen (1244 total) were awarded scholarships at Southeast Missouri State University, averaging $5,567.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 63% of first-year students (914 total) got a federal grant, for about $5,627.00 per person.
The table below shows grant and scholarship distributions by income for first-year students getting any sort of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 15.61% | $10,513.00 |
| Income 30k-48k | 7.77% | $9,466.00 |
| Income 48k-75k | 8.61% | $7,715.00 |
| Income 75k-110k | 7.91% | $4,248.00 |
| Income 110k + | 9.16% | $3,010.00 |
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.
97% of the 1441 undergraduates at Southeast Missouri State University receive some sort of grant aid. This is a total of about 1375 students getting an average of $6,714.00 per person.
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.
