by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
What financial aid options does UCM offer, and what will you qualify for? Keep scrolling for answers.
University of Central Missouri average financial aid offer for freshmen students is $6,265.00. Approximately 94% of incoming freshmen obtain financial assistance, with the majority being offered as loans.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at University of Central Missouri.
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 below apply to scholarships and grants primarily provided by University of Central Missouri.
73% of first-year students (896 total) were offered scholarships at University of Central Missouri, averaging $3,929.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 81% of first-year students (997 total) got a federal grant, for about $2,636.00 per person.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 17.77% | $8,796.00 |
| Income 30k-48k | 11.25% | $7,682.00 |
| Income 48k-75k | 9.37% | $5,535.00 |
| Income 75k-110k | 10.35% | $3,366.00 |
| Income 110k + | 10.27% | $2,835.00 |
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.
94% of the 1227 undergraduates at University of Central Missouri receive some sort of grant aid. This is a total of about 1050 students getting an average of $6,265.00 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.