The University of Missouri beginning next year will guarantee payment of all tuition and fees for every Missouri student who qualifies for a federal Pell Grant, MU Chancellor Alexander Cartwright announced Thursday afternoon.
The Missouri Land Grant Compact, signed Thursday, will cover tuition and fees for about 3,500 MU students, according to the university.
MU is the only public college or university in the state making this level of financial aid commitment to its undergraduate students, state education officials said.
The offer is for in-state students, including transfer students. Other schools in the University of Missouri System are not included.
Most Pell Grants are awarded to students whose families make less than $30,000 a year. Under certain circumstances though, some Pell Grants are awarded to students whose families make more than that. The maximum Pell Grant award this year was $5,815.