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One of the major benefits of applying for a grant is that you don't need to worry about paying back any of the money; unlike loans, grants are there to give a helping hand up - as long as you meet the requirements along the way.
As a recipient of the MASSGrant, you are responsible for: Repaying any portion of a grant received by you as a result of misinformation or improper certification or verification. Providing true and accurate information on the Free Application for Federal Student Aid (FAFSA).
Grants are usually a need-based form of financial aid and do not need to be repaid. Funds can come from the university, state government and federal government. Grants are only available to undergraduate students who are U.S. citizens or U.S. permanent residents working toward their first bachelor's degree.
How much can I receive? Public 2-YearPublic 4-Year, State Technical College of Missouri, Private and Approved Virtual SchoolMaximumMinimumMinimum$1,300$300$1,500
Once you graduate, drop below half-time enrollment, or leave school, your federal student loan goes into repayment. However, if you have a Direct Subsidized, Direct Unsubsidized, or Federal Family Education Loan, you have a six-month grace period before you are required to start making regular payments.
Government financial aid in Missouri is provided to various economic sectors, with the majority of the budget in business, education (pell & college grants), housing, veteran, and personal grants.