“The grants use a combination of federal, state, and institutional resources to meet the cost of tuition and fees at Mizzou,” according to a Q&A provided by the News Bureau.
The Federal Aid Department moved the date of when the FAFSA opens forward and changed the required tax information.
Students could potentially lose $300 in scholarship funds.
Missouri Secretary of State Jason Kander estimated student debt totals $1.2 trillion nationwide.
Student Financial Aid Director Nathan Prewett: “Students are going to be able to fill out their FAFSA a little bit earlier, and they’re going to be able to use tax information that’s already been completed.”
Of the $1.3 trillion in U.S. student debt, graduate students owe 40 percent of it on average, said Rep. Kip Kendrick, D-Columbia.
Average debt for 2010 MU graduates was below the state and national average, according to the National Project on Student Debt.