University of Central Missouri | Your Guide to Paying For College | Fall 2022/Spring 2023

YOUR GUIDE TO

PAYING FOR COLLEGE

UNIVERSITY OF CENTRAL MISSOURI FINANCIAL AID GUIDE 2022/2023

UCM FAFSA CODE

002454

92

We want you to worry less about the “how” and more about the here and now. That’s why we take action to keep college affordable and help you graduate with less debt.

Opportunity should be available to everyone, and we work hard to keep it that way – that’s why our costs are lower than most colleges in Missouri and well below the national average.

PERCENT OF UCM

UNDERGRADUATES RECEIVE FINANCIAL AID

HOW UCM COMPARES NATIONALLY*

$11,171

$9,072

$41,411

$26,809

Average tuition including fees is based on 30 credit hours.

In-state UCM

In-state public

Out-of-state public

Private

*Data provided by U.S. News & World Report, 2020-2021 national average for four-year colleges

UCM’S TYPICAL YEARLY COSTS* Yearly costs are based on 30 credit hours.

In-State

Out-of-State

Tuition & General Fees

$ 9,072

$16,819

Textbooks

$ 1,250

$ 1,250

Residence Hall

$ 5,904

$ 5,904

Meal Plan

$ 3,454

$ 3,454

$19,680

$27,427 **

YOU INVEST ucmo.edu/costs

*These costs are before financial aid is applied. ** The UCM Bound Out-of-State Scholarship and other out-of-state assistance is available to those who qualify.

UCM’s competitive cost combined with financial aid opportunities prepares you for a prosperous future. Financial aid money is available from federal, state and institutional scholarships as well as private sources to help you and your family pay for the cost of attending college.

FOUR TYPES OF FINANCIAL AID

1 2 3 4

GRANTS

FREE MONEY FOR SCHOOL WHICH IS TYPICALLY BASED ON FINANCIAL NEED

SCHOLARSHIPS WORK STUDY

LOANS

EARNED MONEY OFFERED

BY STATES, SCHOOLS, OR OTHER ORGANIZATIONS

EARNED MONEY WITH A PART-TIME JOB WHILE ENROLLED IN SCHOOL

BORROWED MONEY YOU NEED TO PAY BACK WITH A LOW, FIXED INTEREST RATE – AVAILABLE TO BOTH STUDENTS AND PARENTS

MILITARY TUITION PACKAGE UCM’s Military Tuition Package applies to those who are using military tuition assistance or the G.I. Bill to fund their education. The tuition package applies to members of all five service branches of the military, including reservists, who are benefit eligible and seeking a UCM degree.

Benefits of the Military Tuition Package include unlimited support from UCM’s Office of Military and Veteran Services, and exemptions from the following fees: •Per-credit hour general student fee •Application for admission*

ucmo.edu/vets

•New student fee •Parking permit

* Payment of the application fee will be required, but will be refunded to the student account following the application approval, enrollment and eligibility verification process.

GRANTS

FREE MONEY FOR SCHOOL WHICH IS TYPICALLY BASED ON FINANCIAL NEED

Federal Grants The following federal grants are awarded based on the results from your Free Application for Federal Student Aid (FAFSA): • Pell Grant • Supplemental Educational Opportunity Grant (SEOG) • TEACH Grant • Iraq and Afghanistan Service Grant

UCM FAFSA CODE: 002454 Free Application for Federal Student Aid FAFSA PRIORITY Deadline: Feb. 1 In order to determine what free financial aid resources you may have available, you should first submit your FAFSA. •To qualify for the most aid, complete your FAFSA by the PRIORITY deadline of Feb. 1.

•Apply at fafsa.gov with your parents’ 2020 income tax returns beginning Oct. 1. There’s no reason for your parents to go digging for their tax information; the IRS Data Retrieval tool is available for their convenience.

•The priority deadline for FAFSA submission to be eligible for SEOG and Federal Work-Study (FWS) is April 1. (Missed this deadline? Don’t worry. Limited financial aid is likely still available. The final deadline to file your FAFSA for 2022-23 is June 30, 2022.)

19.8

$

MILLION

INSTITUTIONAL AID AWARDED ANNUALLY (THAT DOESN’T NEED TO BE REPAID)

Non-Resident Scholar Award Application Priority Deadline: Feb.1

• Covers a percentage of non-resident fees for regularly admitted* students • Award based on ACT score and cumulative high school GPA • Renewable To apply, submit your application for admission at ucmo.edu/apply.

Second Generation Grant

Application Deadline: Dec.1 for priority

•Covers 100 percent of non-resident fees •Awarded to regularly admitted*, non-resident students whose parent/ grandparent or step-parent/step-grandparent earned a UCM degree •Renewable To apply, submit your application for admission at ucmo.edu/apply. * Conditionally admitted students and those admitted on academic probation are not eligible for assistance.

Access Missouri Grant Application Deadline: Feb. 1 M INI M UM

$1,500!

•First-come, first-served, need-based grant •Awarded to full-time, undergraduate Missouri resident •Award based upon FAFSA application •Renewable To apply, submit your FAFSA at fafsa.gov.

SCHOLARSHIPS

EARNED MONEY OFFERED

BY STATES, SCHOOLS OR OTHER ORGANIZATIONS

UCM Automatic Scholarships These scholarships are guaranteed. If you qualify, you receive it!

No application. No hassle.

RED & BLACK

RECEIVE UP TO

$4,500 A UTOMAT I C AL LY

SCHOLARSHIP

THIS MERIT-BASED SCHOLARSHIP IS RENEWABLE FOR UP TO FOUR YEARS.

UCM BOUND OUT-OF-STATE SCHOLARSHIP NO OUT-OF-STATE TUITION

SAVE UP TO

$7,747 I N S TAN T LY

FOR EIGHT BORDERING STATES AND FIVE MIAA BORDER STATES • Arkansas • Colorado • Illinois • Iowa • Kansas • Kentucky • Nebraska • New Mexico • Oklahoma • South Dakota • Tennessee • Texas • Wyoming

RECOGNITION + A SCHOLARSHIP $ 500 PER YEAR

ELIGIBLE HIGH SCHOOL STUDENTS ENTERING UCM FROM AN A+ DESIGNATED HIGH SCHOOL IN MISSOURI RENEWABLE FOR A SECOND YEAR – TOTAL VALUE OF UP TO $1,000

UCM IS TEST OPTIONAL! Students applying with a 2.75 GPA or higher may be admitted without submitting an ACT or SAT test score.

1,000

$

DUAL CREDIT SCHOLARSHIP

INCOMING FRESHMEN WHO HAVE TAKEN AT LEAST ONE DUAL CREDIT COURSE WITH UCM $500 PER SEMESTER – RENEWABLE FOR UP TO SIX SEMESTERS

PROUD TO BE A SUPERSCORE UNIVERSITY. Your Superscore is a new composite ACT or SAT based on your highest sub scores across multiple tests.

Use our scholarship calculator to determine your eligibility at ucmo.edu/scholarshipcalc

UCM Transfer Scholarships Transfer scholarships are available to incoming transfer students who have never attended UCM. These particular scholarships are renewable for up to six semesters. To apply, submit your application for admission at ucmo.edu/apply.

Transfer Scholarships

Hours*

GPA

Renewable GPA

Amount Per Year

President’s Distinguished

24

3.5

3.25

$2,000

President’s

24

3.3

3.0

$1,500

Dean’s

24

3.0

3.0

$1,000

Phi Theta Kappa

24

3.5

3.25

$1,500

*post-high school, accepted, earned transfer credit hours at the time of transfer (excluding summer credit hours for summer/fall students)

UCM Scholarship Finder allows students to apply for multiple scholarships at one time. You only fill out ONE application that is automatically submitted toward all eligible scholarships! ucmo.edu/scholarshipfinder

UCM Competitive Scholarships These scholarships are limited with specific criteria and are set to help decide on the best recipient fit.

UCM Foundation Scholarships Application Deadline: Feb. 1

Foundation scholarships are established by private donors for a variety of academic areas and extracurricular activities, each with individual criteria.

Scholarship categories include: •Accessibility services •College, school and major •Fraternity and sorority life

•Freshmen •International studies •Student activities

WORK STUDY

EARNED MONEY WITH A PART-TIME JOB WHILE ENROLLED IN SCHOOL

Federal Work Study Program Many UCM students work on campus using the need-based Federal Work Study Program by completing their FAFSA. Not only can you earn funds to pay for college, but you’ll also add valuable work experience to your resume!

For more information about Federal Work Study, and to see if you qualify, visit ucmo.edu/sfs.

Don’t qualify for Federal Work Study?

No problem. You can still consider working on campus. jobs.ucmo.edu

LOANS

BORROWED MONEY YOU NEED TO PAY BACK WITH A LOW, FIXED INTEREST RATE – AVAILABLE TO BOTH STUDENTS AND PARENTS

This type of funding can help bridge the gap of your total cost to attend after your financial aid funding has been applied. Loans are borrowed, accumulate interest and must be repaid.

Federal Loans The federal government offers low-interest loan programs to help you attend UCM. Loans must be repaid after graduation.

• Stafford Loan (student) – Minimum of $5,500 for dependent students and $9,500 for independent students per year.

•Subsidized loans – You must demonstrate financial need. The U.S. Department of Education pays the interest while you’re in school at least half-time, for the first six months after you leave school, and during a period of deferment.

•Unsubsidized Loans – There’s no requirement to demonstrate financial need. You’re responsible for paying the interest during all periods. If you choose not to pay the interest while you are in school during grace periods and deferment or forbearance periods, your interest will be added to the principal amount of your loan.

•PLUS Loan (parent) – Equal to the cost of attendance minus other financial aid received annually

Private-Educational Loans Private lending organizations offer loans to assist with your education and living expenses. For certain private loans, principal and/or interest payments can be deferred until after graduation.

FINANCIAL AID TIMELINE TODAY Oct. 1– Feb.1

APPLY FOR ADMISSION File your 2022/2023 FAFSA with your 2020 income tax returns starting Oct. 1 at fafsa.gov. The priority Access Missouri submission deadline is Feb.1. Check your email for further required documents and respond to any request to verify information submitted on your FAFSA.

Sept. 1– Feb. 1

Find and apply for UCM Foundation scholarships at ucmo.edu/scholarshipfinder. Most scholarships have a deadline of Feb 1.

Dec.–Aug.

Review and accept your financial aid award letter.

May–Aug.

Request your final high school transcripts be sent to UCM.

May–June

Attend orientation, get your schedule and learn more about campus resources.

FINANCIAL AID AWARD STUDENT EXAMPLES

A

Missouri Resident Lives with parents ACT: 21 H.S. GPA: 3.2 Family Size: 4 Students in College: 1 Total Family Household Income: $36,000

B

Missouri Resident Lives on campus ACT: 29 H.S. GPA: 3.6 Family Size: 3 Students in College: 1 Total Family Household Income: $28,000

C

Missouri Resident Lives on campus ACT: 26 H.S. GPA: 3.6 Family Size: 6 Students in College: 2 Total Family Household Income: $90,000

D

Out-of-State Resident Lives on campus ACT: 29 H.S. GPA: 3.7 Family Size: 3 Students in College: 1 Total Family Household Income: $90,000

COST BEFORE AID

$10,322* *estimated direct expense (tuition, fees, textbooks, based on 30 credit hours/year

COST BEFORE AID

$19,680* *estimated direct expense (tuition, fees, textbooks, on-campus housing/dining) based on 30 credit hours/year

COST BEFORE AID

$19,680* *estimated direct expense (tuition, fees, textbooks, on-campus housing/dining) based on 30 credit hours/year

COST BEFORE AID

$27,427* *estimated, out-of-state direct expense (tuition, fees, textbooks, on-campus housing/dining) based on 30 credit hours/year

Estimate your annual costs with our net price calculator at ucmo.edu/costs.

Pell Grant Access Missouri Grant Red & Black Scholarship Stafford Loan (Subsidized) Stafford Loan (Unsubsidized)

$ 6,145 $ 1,500 $ 1,000 $ 3,500 $ 2,000

$0

Estimated out-of-pocket expense per year

Estimated Award $14,145

Red & Black Scholarship $ 2,500 A+ Recognition Scholarship $ 500 Dual Credit Scholarship $ 1,000 Pell Grant $ 6,495 SEOG** $ 750 Access Missouri Grant $ 1,500 Stafford Loan (Subsidized) $ 3,500

$3,435 Estimated out-of-pocket expense per year

Estimated Award $16,245 **SEOG = Supplemental Educational Opportunity Grant

Red & Black Scholarship A+ Recognition Scholarship Dual Credit Scholarship Stafford Loan (Subsidized) Stafford Loan (Unsubsidized) UCM Foundation Scholarship**

$ 2,500 $ 500 $ 1,000 $ 3,500 $ 2,000 $ 3,000

$7,180 Estimated out-of-pocket expense per year

Estimated Award $12,500 **UCM Foundation Scholarship via UCM Scholarship Finder

Red & Black Scholarship UCM Bound Out-of-State Scholarship Stafford Loan (Subsidized) Stafford Loan (Unsubsidized)

$ 4,500 $ 7,747 $ 3,500 $ 2,000

Estimated Award

$ 17,747

$9,680 Estimated out-of-pocket expense per year

DEDICATED TO YOU Our financial aid specialists are committed to helping you navigate any potential savings and reach your goals.

CONTACT US! OFFICE OF STUDENT FINANCIAL SERVICES Ward Edwards 1100 660-543-8266

UCM FAFSA CODE: 002454