Missouri Financial Package
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How to fill out Financial Package?
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FAQ
Financial Aid Statistics for University of Missouri The average need-based scholarship or grant awarded to first-year students at University of Missouri was $12,559. Additionally, 49% of first-year students received need-based financial aid in fall 2021. Need-based self-help aid includes federal loans and work-study.
It is possible to file your FAFSA before applying for admission to a college, but the schools will generally not package an award offer for you until you have been admitted to their school.
While you will apply for funding for both semesters with a single application, you won't receive all of your funds at once. Most schools disburse funds every quarter or semester. If you're eligible for funds for your second semester of school, you should receive them within a few weeks of the start of term.
Your student aid offer will include directions on accepting aid. Follow those directions carefully. You might have to enter the amounts you're accepting in an online form and then submit the form. If you receive a paper aid offer, you might have to sign it and mail it back to the school.
How is financial aid disbursed to student bank accounts? Speak with your school's financial aid office to find out how it will send your unused credit balance. Typically, funds are disbursed via check or debit card, but you can also opt for direct deposit to your bank account.
You can view your offer notification in myZou. When you're ready, that's also where you'll accept or decline any student loans you've been offered.
"The rule is: free money first (scholarships and grants), then earned money (work-study), then borrowed money (federal student loans)," the US Department of Education writes on its website, adding that private loans should be the last resort.
The financial aid award letter, also known as the student aid package or school offer, tells you what financial aid you can get at a particular school. The award letter is specific to that university or college, so you'll receive a different letter from every school that accepts you as an incoming student.