Financial Aid consist of funds intended to help students pay for expenses associated with pursing a college education. What are some of those expenses?

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Financial Aid consist of funds intended to help students pay for expenses associated with pursing a college education.

What are some of those expenses?

What is Financial Aid?


Types of Financial Aid

Grants: Money that does not have to be repaid

•Pell Grant•Federal Supplemental Educational Opportunity Grant

Federal

•Texas Grant*•Texas Educational Opportunity Grant•Texas Public Education GrantState

Note: Beginning with the 2014-2015 award year, State regulations mandate that Texas Grant will only be awarded to renewal students. A renewal students is one who has been awarded this this grant prior to Fall 2014.


Work-study: Money that is earned


•Flexible Work Schedule•Work On or Off Campus•Earn Your Money

Part-time Job


Loans: Money that must be repaidTypes of Financial Aid

•For undergraduate and graduate students; must be repaid to school that offered loan Federal Perkins Loan

•Government pays for interest accruedDirect Subsidized

•Student pays for all interest accruedDirect Unsubsidized

•For parents of undergraduate studentsDirect PLUS

•Credit-based loansCollege Access Loan/Sally Mae


Scholarships


•Looks at grades, test scores, community service activities, etc.Merit Based

•Looks at financial needNeed Based

•Offered directly by a college/universityInstitutional •Offered by businesses, companies, private organizations, etc. Private


Third Party & State Exemptions


•GI Bill/HazlewoodVeteran’s Educational Benefits

•Type of aid available to students with disabilitiesDepartment of Assistive and Rehabilitative Services (DARS)

•Program in conjunction with Workforce SolutionsWorkforce Investment

Act (WIA)

•Local program to improve workforce in the Rio Grande ValleyValley Initiative for Development and Advancement (VIDA)

•Students that qualify for an exemption may be eligible to attend any public university in Texas without paying tuition (or fees)Exemptions


•WHAT IS IT? Application for Federal & State Grants, Work-study and

Loans

•WHEN TO COMPLETE IT? Around February

•WHERE TO COMPLETE IT? www.fafsa.ed.gov

•WHY APPLY EARLY? Applying early increase your chances of receiving

additional aid

FAFSA: Free Application for Federal Student Aid


1. PIN: Student & Parent’s Electronic Signature

*Prior to Spring 2016

2. Student & Parents’ Personal Information: Name, Social Security Number, Date of Birth, etc.

3. Income/ Wage Information: Income Tax Return(s) & W-2(s)

4. Other Financial Information: Child Support, Workman’s Compensation, etc.

WHAT DO I NEED TO APPLY?


Schools you listed on the application will create a Financial Aid Award Package:

FALL SPRING TotalPell Grant $2888 $2887 $5775Scholarship $500 $500 $1000Loan $1050 $1050 $2100TOTAL AID $8875

*The amounts exemplified above are not applicable to every student. Awards may vary from student to student. Example was created to demonstrate a financial aid package.

What Happens After?


Check your status

Visit your institution’s financial aid website

Compare college costs versus financial aid award

Decide where you want to go to college!

After Applying


Students must satisfy 3 requirements

Maintain Eligibility

Good

Warning

Suspension

1. Complete 67% of courses attempted

2. Maintain overall GPA at 2.0

3. Graduate within the Maximum Time Frame

MTF= Required hrs to graduate x 150%

Students whose circumstance(s) impeded them from attending and/or passing their classes have the right to appeal their suspension with the Office of Student Financial Services.


$86,000Professional

Degree$80,000

DoctoralDegree

$60,000Master’sDegree$50,000

Bachelor’sDegree

$40,000Associate

Degree$26,000

High School Diploma

$19,000No High School Diploma

Retrieved from www.AIE.org – 2010 Texas Median Wages by Degree Level Source US Census Bureau Community Survey 2010

Remember! Learn More, Earn More

http://www.aie.org/


Zachary SuarezSouth Texas College – Pecan Campus(956) [email protected]

Questions?


CONTACT USSouth Texas College- Pecan3201 West Pecan BlvdStudent Services Building K 1.700McAllen, Texas 78501Phone: (956) 872-8375

South Texas College- Mid-Valley400 North BorderStudent Services Building F 121Weslaco, Texas 78596Phone: (956) 447-6672

South Texas College- Technology3700 West Military Hwy.W Building Student Services Area Room 176 McAllen, Texas 78501Phone: (956) 872-2728

South Texas College- Starr142 FM 3167Student Services Building G 1.410Rio Grande City, Texas 78582Phone: (956) 488-5803Phone: (956) 488-5859

www.southtexascollege.edu/finaid

South Texas College- Nursing & Allied Health

1101 East VermontStudent Services Area Room 1.406

McAllen Texas 78503Phone: (956) 872-3019

Documents

Financial Aid consist of funds intended to help students pay for expenses associated with pursing a college education. What are some of those expenses?