Grants and Loans

Grants and loans may be an essential part of how you pay for college. You must apply for Federal and State Aid in order to receive any grant or loan funds. This is accomplished by completing the FAFSA.

Grants

Grants are essentially free money. This money is designed to help you and your family cover the cost of attendance at Truman. These costs include direct costs like tuition and room and board. Also covered are indirect costs such as books, travel, and other personal expenses. Grants at Truman come mainly from two entities, the Federal Government and the State of Missouri.

Loans

There are two separate types of loans: Federal Direct Stafford Loans (subsidized and unsubsidized), Perkins, and Parent PLUS) or alternative loans (personal/private loans from a lending institution).

We recommend contacting the Financial Aid Office before you apply for an alternative loan to see if you qualify for any additional free or lower-cost financial aid.

If you are not able to cover your costs through scholarships, grants, federal loans, or other resources, you need to look into alternative loan options. You can view multiple options through FASTChoice, an online private loan selection and counseling tool.

Scholarships

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One of my long-time goals is to graduate college debt-free…I work hard during the summers to make enough money to meet my quota. Unfortunately, it has become increasingly difficult to maintain my financial goals, and this year I was not sure I could make it. However, your scholarship has made this possible. Thank you again; I cannot tell you enough how much this means to me.

Mackenzie M., Recipient of the Larry and Sharron Quisenberry Business Scholarship