Financial Aid and Scholarships. finaid.txstate.edu What is Financial Aid? Funds used to supplement...

Financial Aid and Scholarships

finaid.txstate.edufinaid.txstate.edu

What is Financial Aid?

Funds used to supplement rather than replace financial contributions

of the family.


Complete Your Free Application for Federal Student Aid (FAFSA)

www.fafsa.ed.gov


Apply for Your Personal Identification Number (PIN)


Financial Aid Application Process

Student Federal Processor Financial Aid Office

Priority Deadline April 1st


Requests for Documentation

• 30% of all students are randomly selected for verification.

• If selected, you will be required to submit a copy of tax returns and other documents as needed.

• Do not send documents unless we request them.

• Keep a copy of all the documents you submit.

Respond in timely fashion to any requests for information from Financial Aid and Scholarships office.


Expected Family Contribution (EFC)

• Adjusted Gross Income

• Taxes paid

• Number in college

• Number in household

• Assets

• Age of oldest parent

• Tax form filed

• Dependent vs. independent


Dependent vs. Independent

• Born before January 1, 1986

• Working on a master’s or doctorate degree

• Married (as of date FAFSA is filed)

• Have children or other dependents you support

• Both parents are deceased

• Ward/dependent of the court

• Active duty U.S. Armed Forces

• Veteran of the U.S. Armed Forces

• Homeless criteria


2009-2010 Cost of Attendance

Tuition and fees $ 6,990Room and board $ 7,310Books and supplies $ 1,050Travel expenses $ 950Miscellaneous costs $ 2,670Total Budget Direct & Indirect Costs $18,970

Direct Costs Total $15,350Indirect Costs Total $ 3,620


Financial Need Calculation

Cost of Attendance $18,970

Expected Family Contribution (EFC) -$ 8,970Financial Need $10,000


Types of Awards

• Federal Grants

• State and Institutional Grants

• Student Work

• Student Loans


GrantsProgram Max. Annual

AwardPell Grant $5,350

Supplemental Educational Opportunity Grant $2,000

Leveraging Education Assistance Partnership $2,000

TEXAS Grant $6,080

Texas Public Educational Grant $2,400

GPD Grant $1,000

Texas State Tuition Grant $2,200

SMART GrantJr. - $4,000

Sr. - $4,000

Academic Competitiveness GrantFr. - $750

So. - $1,300


Work Study

• Need-based • Maximum Annual award of $3,500• Work on campus 15 hours per week• Bi-monthly pay checks• Builds résumé• Community-service positions available

Jobs4Cats found atcareerservices.txstate.edu


Federal Direct Student Loans

Grade Level

Dependent Independent

TotalMaximum Subsidized

Maximum Unsubsidized

Additional Unsubsidized

Freshman $3,500 $2,000 $4,000 $9,500

Sophomore $4,500 $2,000 $4,000 $10,500

Junior $5,500 $2,000 $5,000 $12,500

Senior $5,500 $2,000 $5,000 $12,500

Subsidized• Need-based• Do not accrue interest while in school

Unsubsidized• Non need-based• Do accrue interest while in school


Direct Loans for Parents

Program Application Eligibility Max Award

Federal Direct Parent Loan

Paper Application –

Parent Loan Information Sheet

Requires a credit check

Maximum loan amount is the cost of attendance less

other aid the student receives

•Repayment begins 60 days after 2nd disbursement • Fall & spring loans – March• Fall only loans - October

Deferments are availableContact Direct Loans at 800-848-0979


Private Loans

Program Application Eligibility Max Award

Private

LoansApply through

lender

Requires a credit check and/or

guarantor

Maximum loan amount is the cost of

attendance less other aid the student

receives

• Private lenders have their own criteria for eligibility.• A list of points to consider is available on our web-site under Types of Aid clicking on Alternative Loans.


Other Aid Programs

• Merit Based Scholarships

• Competitive Scholarships

• New Initiatives


Scholarship Award Annual Eligibility Criteria

National

Merit

Scholarship$40,000 $10,000

• National Merit Finalist• Select Texas State as college of choice

National Achievement Scholarship

$8,000 $2,000

• National Achievement Finalist • Select Texas State as college of choice• 1200+/27+ SAT/ACT • Top 15% or IB Diploma

National

Hispanic

Scholarship $8,000 $2,000

• National Hispanic Scholar as designated by the College Board via the National Hispanic Recognition Program• 1200+/27+ SAT/ACT • Top 15% or IB Diploma

National Scholarships

• These scholarships are guaranteed to all students admitted by May 1st who meet the minimum requirements•Students must be U.S. citizens or permanent residents.• Non-Texas residents receiving any of the above qualify to pay the in-state tuition rate.


Scholarship Award Annual Eligibility Criteria

President’s

Honor

Scholarship$20,000 $5,000

• 1400+/32 +SAT/ACT• Top 15% or IB Diploma

Texas State Achievement Scholarship

$10,000 $2,500• 1300-1390+/29-31+ SAT/ACT• Top 15% or IB Diploma

• These scholarships are guaranteed to all students admitted by May 1 who meet the minimum requirements. • Students must be U.S. citizens or permanent residents.• Non-Texas residents receiving any of the above qualify to pay the in-state tuition rate.

Assured Scholarships


Competitive Scholarship Deadlines

www.applytexas.org

FreshmenDecember 1

• Must complete essays B & C

All OthersMarch 1

• Complete one essay


Bobcat Promise ProgramBegins Fall 2009

• For first-time freshmen• Requires reported adjusted gross family income of

$25,000 or less• Covers up to 15 hours per long semester of tuition and

fees• www.finaid.txstate.edu/bobcatpromise

http://www.finaid.txstate.edu/bobcatpromise


Top 10% Scholarship

• $2,000 one-time, first semester award• Top 10% of graduating class• Complete Recommended Curriculum or higher• Texas resident• Complete FAFSA by April 1• Enroll full-time at a public college in fall 2009• Have financial need


CatsWeb• Check Status

• View awards

• View disbursements





Release of Student Aid Information

• Federal Educational Rights and Privacy Act (FERPA)

• Release form required to allow parent or spouse access

• E-mail inquiries must be sent from Texas State email address


Timeline• Now – FAFSA available online for 2009-10• March 1 – Transfer scholarship deadline• March 1 – Summer financial aid application deadline• March/April – begin emailing award notices and requests for additional documentation• April 1 – FAFSA priority deadline• April 1 – Freshman scholarship notices are mailed


Financial Aid and Scholarships

JCK Office Hours:

Summer: M-F 8am-5pm

Fall/Spring: MWThF 8am-5pm

Tuesday 11am-6:00pm

LBJSC Satellite Office Hours:

Fall & Spring Semesters ONLY Tuesday 8am-11am

512-245-2315

Financial Aid and Scholarships is Open Today until 1pm

We are located in 240 J.C. Kellam Building at the bottom of campus, across from Sewell Park.

Just walk down the hill.

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