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Financing Your Education

Invest in Your Future

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The first step to determining your financial aid picture is determining what types of aid you can pursue.

Completing the Free Application for Federal Student Aid (FAFSA) gives you access to the largest source of financial aid available to help you pay for your educational needs.

You should also add UCM’s code 002454 so we receive your information. LEARN MORE ABOUT FAFSA.

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Whether you want to obtain an undergraduate or graduate degree, pursuing an education is an investment in your future. At the University of Central Missouri, 94% of our students receive some type of financial aid. From applying for financial aid to making decisions about your financial aid award, you can count on our dedicated Student Financial Services staff to provide the financial tools and tips you need to make informed decisions.

 

Important Dates to Remember

August 1
October 1
February 1
April 1

 

What is Financial Aid?

Financial Aid is any scholarships, grants, loans, or employment used to help you pay for college expenses. Aid can come from various sources such as federal and state agencies, colleges, high schools, foundations, and corporations. Typically, grants and scholarships are not repaid; loans must be repaid. Interest rates and repayment terms vary by program.

 

 

Who is Eligible for Financial Aid?

To be eligible for federal financial aid assistance you must:

  • Be a U.S. citizen or eligible non-citizen
  • Be registered with Selective Service, if required
  • Be an undergraduate, graduate or professional student enrolled at least half-time (except for less than half-time Pell Grant) in a degree-seeking program
  • Make satisfactory academic progress
  • Not be in default on an educational loan

Our expert Student Financial Services staff will help you understand the financial aid process, from completing the Free Application for Federal Student Aid (FAFSA) to deciding about loans. For more information and a step-by-step guide, visit Applying for Financial Aid.

APPLYING FOR FINANCIAL AID

 

What is the FAFSA?

Completing the Free Application for Federal Student Aid (FAFSA) gives you access to the largest source of financial aid available to help you pay for your educational needs. You should also add UCM’s code 002454 so we receive your information. LEARN MORE ABOUT FAFSA.

 

Four Types of Financial Aid

 

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Scholarships

 

Earned money offered by states, schools or other organizations.

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Grants

 

Free money for school which is typically based on financial need.

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Loans

 

Borrowed money you need to pay back with a low, fixed interest rate — available to both students and parents.

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Work Study

 

Earned money with a part-time job while enrolled in school.

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