Financial Aid & Tuition Information

For Residential Program

Facts and Figures

• Stephens College awards nearly $7 million in financial aid to students each year.
• The average financial aid award (including scholarships, grants, work study and loans) for a Stephens student is approximately $15,000 per year.
• More than 95% of Stephens students receive some form of financial aid.

Tuition and Fees

Clearly a college education and its benefits aren't free, but Stephens College will help you find the resources you need to make it affordable.  That's why it's important to look past the "sticker price" of a college and consider how financial aid will bring costs down.

The direct costs for a full-time student in residence at Stephens College for the 2008-2009 academic year are listed below.  Numerous forms of financial aid are available through the Stephens College Office of Financial Aid and the state and federal governments, and you can choose from a variety of flexible payment options through the Office of Accounting.

               

2008-2009 Direct Costs
Tuition and General Fees	$23,000
Room and Board*	$8,730
Total Direct Costs	$31,730

*Based on a 14-meal plan and a single room charge

Note:  In addition to direct costs families should plan for indirect costs such as books and supplies, personal expenses and travel allowance.

Scholarships at Stephens College
The following scholarships are awarded to qualified first-year residential students upon acceptance to the College.  All scholarships and awards are automatically renewable for all four years if the student maintains the required grade point average. For information about financial aid for Apprentice students, please contact the Office of Financial Aid.

Scholarship	Requirements	Amount(s)
High Honors Scholarship	minimum 3.6 GPA, 27 ACT or 1820 SAT	$8,000-$10,000 per year
Presidential Scholarship	minimum 3.0 GPA, 21 ACT or 1500 SAT	$6,000-$8,000 per year
Stephens Award	minimum 2.7 GPA, 21 ACT or 1500 SAT	$2,000-$6,000 per year
A+ Leadership Award	Missouri resident, verified completion of the A+ program	$1,000 per year
Leadership Award	minimum 2.5 GPA, 21 ACT or 1500 SAT and provide an activity resume; eligible students will have completed various extracurricular activities; award is renewable if GPA is maintained and appropriate number of points is gathered through participation in campus activities	$1,000-$3,000 per year
Missouri Bright Flight Scholarship	Missouri resident; composite ACT or new SAT score in the top three percent of all Missouri students;  funds awarded by the state of Missouri	Maximum $2,000 per year

American Association of University Women: Eva Johnston Scholarship

Alumnae Association Scholarship

Stephens Scholarships funded by alumnae and friends

The following scholarships are awarded to qualified transfer students upon acceptance to the College.  All scholarships and awards are automatically renewable for up to four years if the student maintains the required grade point average.

Scholarship	Requirements	Amount(s)
Phi Theta Kappa Scholarship	membership in Phi Theta Kappa ($10,000 to MCCA All-State Academic Team members)	$8,000-$10,000 per year
Transfer Scholarship	minimum 3.0 GPA at previous institution(s)	$7,000-$10,000 per year
Transfer Award	minimum 2.5 GPA at previous institution(s)	$5,000-$7,000 per year

Grants

The following grants are awarded to qualified students based on financial need.  

Students must complete the FAFSA to be considered for each grant. Funds that are limited will be awarded on a first-come, first-served basis by FAFSA receipt date.

Grant	Requirements	Amount(s)
Access Missouri Grant	Missouri resident; demonstrated financial need determined by students Expected Family Contribution (EFC) on the FAFSA; financial aid paperwork submitted by April 1;  funds awarded by the state of Missouri	$2,000 - $4,600 per year
Federal Pell Grant	Demonstrated financial need;  funds awarded by the federal government	$400-$4,731 per year
Federal Supplemental Educational Opportunity Grant	Federal Pell Grant recipient;  demonstrated exceptional financial need;  funds awarded by the federal government therefore availability of funds may be limited	$500 per year
Academic Competitiveness Grant	First- and second-year undergraduate students with proven financial need, who also receive the Pell Grant, and who have completed a "rigorous program of study" in high school, as defined by the Federal Government	$750 for 1st year students; $1,300 for 2nd year students
SMART Grant	Third- and fourth-year undergraduate students with proven financial need, who also receive the Pell Grant, and who major in one of the five Federally approved majors (mathematics, science, technology, engineering, or critical foreign languages)	$4,000 per year
Stephens Grant	Full time student;  demonstrated financial need. Amounts will vary based on the student's cumulative GPA and depending upon the amount of financial need met from other sources such as other federal, state and institutional aid.	$200-$12,000 per year

Other non-need based grants include:

Grant	Requirements	Amount(s)
Stephens Missouri Grant	Students who have parents residing in Missouri	$1,200 per year
Midwest Student Exchange Program Grant (MSEP)	Freshmen residing in Kansas, Michigan, Minnesota, Nebraska, Wisconsin and North Dakota;  Student must indicate "MSEP Applicant" on Application for Admission	10% of tuition each year
Neighbor Grant	Freshmen residing in a state which borders Missouri (Iowa, Illinois, Kentucky, Kansas, Tennessee, Arkansas, Oklahoma, and Nebraska); must begin attendance at the College after Jan. 1, 2006	$1,500 per year
Sister Grant	Full-time student with a sister concurrently enrolled at Stephens	$500 per year

 

Work Study Programs and Student Loans

Some of the following forms of financial aid are awarded to qualified students based on financial need.  Students must complete the FAFSA to be considered for each need-based program. Funds that are limited will be awarded on a first-come, first-served basis by FAFSA receipt date.

Program	Requirements	Amount(s)
Federal Perkins Loan	Pell Grant recipient;  demonstrated financial need;  funds awarded by the federal government	$1,400-$4,000 per year
Federal Subsidized Stafford Loan	Demonstrated financial need;  funds awarded by the federal government	$3,500-$5,500 per year
Federal Unsubsidized Stafford Loan	Funds awarded by the federal government	$3,500-$5,500
Federal Work Study Program	Demonstrated financial need;  funds awarded by the federal government; availability of funds may be limited	VARIES
Parent Loans (PLUS)	Parents of dependent students who are enrolled at least half time	VARIES
Stephens Work Study	Demonstrated financial need; availability of funds may be limited	VARIES
Alternative Loans	Credit-based loans. Students may need a credit-worthy cosigner.	VARIES (Typically cost of attendance minus financial aid.)

Alternative loans are credit-based loans for which students may need a credit-worthy cosigner. The amount of these loans vary, but are typically the cost of attendance minus financial aid.

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Updated: March 27, 2008