COLUMBIA - MU's chancellor and vice provost for enrollment management signed the Missouri Land Grant Compact on Thursday to provide financial aid to Missouri residents.
The Missouri Land Grants are expected to cost $3.5 million and are for students who meet academic and financial eligibility. It affects holders of Pell Grants, which are typically awarded to students whose families make less than $30,000 annually.
The grant will cover tuition and fees for all Pell-eligible Missouri residents.
The Honors College will also receive $1.5 million in grants that will cover tuition, fees and room and board. To be eligible for the honors award, students must be in the Honors College and have a Pell Grant.
"None of this would have come to pass had it not been for the commitment of all Missourians who provided their private and public support to enable us to succeed," Chancellor Alexander Cartwright said.
He said the grants represent an investment in the state of Missouri and meet the university's commitment to provide competitive and affordable education to Missourians.
MU's administration worked for the past nine months on creating the Missouri Land Grants to secure funding for students.
"It takes some time to make sure these things get into place, both from a funding standpoint and also from a strategic standpoint. There are a lot of logistics to make sure this rolls out," said Vice Provost for Enrollment Management Pelema Morrice.
He said the grants use a combination of federal, state and institutional resources to meet the cost of tuition and fees.
The Missouri Land Grant and Honors grants will be made available to students at the beginning of the 2018 academic year.
"I think the students will be quite excited about this opportunity," Cartwright said. "It's an opportunity for them to get the support that they need, maybe be able to do additional things academically that they might not have had to opportunity to do otherwise."