Most of the colleges in Missouri are near the Minneapolis-St. Paul metro area. Many colleges are four year public or private universities. Let’s look at some NCES stats about The Show-Me State:
Salary Breakdown College Scorecard tells us alums from Washington University in St. Louis earn among the highest average salary. 10 years after starting school, the average alum from Washington University earns $96,200. Meanwhile, the 2018 mean annual wage earned in Florida is $46,460. You do the math!
There are several tuition savings plan to cover college expenses in Missouri. For instance, check out the Midwest Student Exchange Program (MSEP) It has tuition reduction for both public and private colleges in Missouri It enrolled 881 out-of-state students in 2016-2017. In fact, the total amount of tuition saved was over $7.8 million.
As a result, private colleges offer a 10% reduction on tuition rates. Public colleges agree to charge no more than 150% of in-state school tuition. The average savings per student was $6,609 in 2017-2018. Several other states such as Illinois and Indiana participate in this program.
In addition, Missouri offers a 529 tuition savings plan called MOST 529. This is an investment plan for your earnings and you can use the money to cover college expenses. It can cover tuition, room and board, books, fees, and other qualified higher-ed expenses.
There are tax benefits such as your earnings are tax deferred from federal and state income taxes. You can save more with state deductions up to $8,000 or $16,000 if married. Also, withdrawals are tax free. It's a great way to save up for college!
Top Missouri colleges ranked by total student population. See which college is right for you below.
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Source for school statistics and data is the U.S. Department of Education's National Center for Education Statistics and the Integrated Postsecondary Education Data System.
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The sources for school statistics and data is the U.S. Department of Education's National Center for Education Statistics and the Integrated Postsecondary Education Data System.
This is an offer for educational opportunities that may lead to employment and not an offer for nor a guarantee of employment. Students should consult with a representative from the school they select to learn more about career opportunities in that field. Program outcomes vary according to each institution’s specific program curriculum. Financial aid may be available to those who qualify. The information on this site is for informational and research purposes only and is not an assurance of financial aid.