Governor Jay Nixon announced last week an increase in award amounts for students receiving Access Missouri scholarship funds, the state’s largest need-based student financial aid program.
Award amounts will increase from $275 to $470 at public two-year institutions; from $950 to $1,010 at public four-year institutions; and from $1,900 to $2,160 at independent four-year institutions.
What does that mean for MCC students? The additional funding will increase our student eligible funds from $209,149 to $357,739 for the fall semester. Cindy Butler, director of student financial aid stated that MCC can double that to approximate that we will see $715,478 for the year. MCC has 1,524 students who receive these funds.
Commissioner of Higher Education David Russell said, “We base award amounts on estimates of how many students will be eligible. At the time award amounts are set – usually mid-summer – we do not know how many of those who are eligible will actually apply and attend college. We have traditionally taken a conservative approach to awards for the fall semester, making adjustments as needed later in the academic year.”
The state has provided more than $275 million in Access Missouri scholarships since the program was created in 2007. An average of 45,000 students with the greatest financial need have benefited from the scholarship awards each year.
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