Missouri College Grants and Loans
Missouri GrantsCharles Gallagher Student Financial Assistance Program This is a need based grant for Missouri residents pursuing their first bachelor's degree (not in divinity or theology). The grant can be a maximum of $1000 per year. The student must submit the FAFSA for consideration of the grant. This program has now been replaced by the Access Missouri Financial Assistance Program
Access Missouri Financial Assistance Program This is a need-based program that provides grants to Missouri students based on the student's expected family contribution (EFC) as determined by the Free Application for Federal Student Aid (FAFSA). The maximum awards depend on the amount of state funding received, but has an estimated maximum of $2,150 for a public school and $4,600 for private schools.
FAFSA must be filed by April 1 and must show an EFC of $12,000 or less. Students must be Missouri residents who are U.S. citizens or permanent residents and must be attending full time at a participating Missouri school. More information and requirements of the Access Missouri Financial Assistance Program may be found at the Missouri Department of Higher Education website.
Missouri College Guarantee Program This program is based on financial need. You must file a FAFSA by April 1 for consideration. You also must have a 2.5 GPA and a score of 20 or higher on the ACT or 950 or above on the SAT I. The test scores must also be in by April 1. The grant amount is based on the cost at the most expensive University of Missouri campus including a standard book allowance. There may be other requirements.
Scholar's Advantage Loans This is a private education loan through the Iowa Student Loan. It is available to students from Missouri, Iowa, Illinois, Minnesota, Nebraska, South Dakota, Colorado or Wisconsin. There are two versions, depending on the school you are attending. You can get more information at http://www.studentloan.org/Planning/Types/PlanTypesAidScholars.htm
For more information on Missouri scholarships, grants and loans, please visit the Missouri Department of Higher Education website.