Mizzou Financial Aid – There must be a solution for a situation. There must be a way out available for those who have willingness to find it and fight for it until the end. This might not apply to any situation, but this fighting mentality would work properly when you are trying to enter University of Missouri.
As we all know, the education cost would go up every year and never show signs to go down. University of Missouri offers plenty options for those who are struggling to cope with the education expenses. Each of Mizzou financial aid offered will be awarded to those who are eligible and capable to fulfill all the requirements asked.
Financial Aid Options at Mizzou
Financial aid can significantly reduce the cost of attending Mizzou, with four out of five students benefiting from some form of assistance. There are several types of financial aid available, including scholarships, grants, and loans.
Scholarships
Scholarships are financial awards that help cover educational costs and do not need to be repaid; eligibility is determined by the scholarship donor.
Federal Grants
Grants are funds provided by federal or state governments, schools, or private institutions to help cover education expenses, and they typically require the submission of a Free Application for Federal Student Aid (FAFSA). Like scholarships, grants do not need to be repaid.
Federal Pell Grant
One from few Mizzou financial aid programs we can use to finance our study at University of Missouri, Federal Pell Grant has been a big help for many students. Federal Pell Grant gives chance to us to pursue higher education level by covering our educational expenses.
- Enrolled as student of University of Missouri
- Showing proof of U.S citizenship or eligible non-citizenship (This would be useful when applying for FAFSA)
- In need of fund source to continue study as University of Missouri’ student
- Meet the financial requirements
The amount of money we can get from the program is based on our need. It means we would not receive more than we need, or less. Federal Pell Grant is only for undergraduate student, and it does not require to be paid back.
How to apply Pell Grant
For those who want to apply for Pell Grant, filling out FAFSA or Free Application for Federal Student Aid is fundamental. Everything starts from here.
- As written earlier, the first step of the application process is filling out the FAFSA form. We may call this stage as the preliminary stage. We cannot fail this stage because this stage determines whether you are considered for federal financial aid or not. The application is free, and can be done online.
- Gather all the documents needed. Prepare your social security card, tax information, and other documents that might be related to the program.
- Create Federal Student Aid PIN. You might be renewing the FAFSA every year, but you will use your old PIN. Thus, you should not forget your PIN.
- Fill out the application. Check if everything is in order prior to submitting FAFSA application.
- Wait for the SAR to come. Once you have submitted the FAFSA, you will get Student Aid Report in response of your FAFSA application. Usually, it only takes few days for the response to come. If there is no response in few days after the submission, you can check your status online.
- If your application is granted, the next thing to do is claiming the Pell Grant money. It is best to follow the instruction, or let your school to process since the regulation may vary each school.
FSEOG
To receive a Federal Supplemental Educational Opportunity Grant (FSEOG), you must complete the Free Application for Federal Student Aid (FAFSA®) form. This allows your college to determine your financial need.
The financial aid office awards FSEOGs to students with the greatest financial need, and you do not need to pay these grants back except under certain conditions. Depending on your financial need, application timing, other aid received, and fund availability at your school, you can receive between $100 and $4,000 per year.
Each participating school receives a limited amount of FSEOG funds annually from the U.S. Department of Education’s office of Federal Student Aid. Once the allocated funds are exhausted, no further FSEOG awards can be made for that year.
This system differs from the Federal Pell Grant Program, which provides funds to every eligible student. Therefore, it’s crucial to apply for federal student aid as early as possible. Each school sets its own deadlines for campus-based funds, which you can find on the school’s website or by inquiring at the financial aid office.
Iraq and Afghanistan Service Grants
Like other federal grants, Iraq and Afghanistan Service Grants provide funds to college or career school students to help cover their education expenses. However, these grants have unique eligibility criteria.
The Iraq and Afghanistan Service Grant award is equivalent to the maximum Federal Pell Grant for the award year but cannot exceed your cost of attendance. For the 2023–24 award year, the maximum Federal Pell Grant award is $7,395. However, due to the Budget Control Act of 2011, the award amounts for these grants is 5.7% lower, for any disbursement made between October 1, 2022, and October 1, 2023.
This reduction continues for grants first disbursed between October 1, 2023, and October 1, 2024. Consequently, a 2023–24 Iraq and Afghanistan Service Grant disbursed within this period will have the maximum award amount reduced by $421.51, resulting in a maximum award of $6,973.49.
Loans
Loans, on the other hand, are a type of financial aid that you must pay it back with interest. These are usually based on financial need and often require a FAFSA submission. There are limits to the amount of financial assistance students can receive through federal student loans.
Veteran Benefits
Mizzou provides various forms of financial aid specifically for service members, military veterans, and their eligible family members. The Veterans Administration offers several GI Bill® benefits programs based on military service, some of which extend benefits to eligible children and spouses.
The Department of Defense also provides tuition assistance for eligible service members, including National Guard and Reserve members. Under the Missouri Returning Heroes Education Act Grant, tuition for combat veterans is available at $50 per credit hour for any class or program leading to a certificate or degree.
Additionally, Missouri Online offers a 10 percent tuition discount for veterans pursuing online degree programs. For comprehensive information about financial aid and veterans benefits, contact the MU Veteran’s Center.
International Students
International students attending Mizzou with government sponsorship or an outside scholarship must provide an official or certified copy of the award letter from their sponsor. This letter must include the U.S. dollar amount of the award per year, confirm that the scholarship is specifically for study at the University of Missouri, and detail the expenses covered by the award along with the maximum amounts available for each category (such as fees, books, housing, etc.).
Summary
If you want to apply for one of Mizzou financial aid programs offered, then you should follow all the application process as well as fulfilling all the requirements asked. Mizzou financial Aid programs help students to ease the pain of paying the expensive education cost.
References:
- Grants – https://financialaid.missouri.edu/types-of-aid/grants/index.php
- How to Apply for a Pell Grant – https://www.wikihow.com/Apply-for-a-Pell-Grant
- How to Get Pell Grants – https://www.wikihow.com/Get-Pell-Grants
- Images: admissions.missouri.edu
