What ? Is considered Financial Aid? Who? Can get Financial Aid? How? Do I apply for Financial Aid? When? Are deadlines and what happens next? Trina Smith-Patterson

 Financial aid is money provided by the federal government, states, institutions and other sources to help students pay for college  This can consists of different programs  Grants  Loans  Scholarships  Work-Study Programs  Financial aid is money provided by the federal government, states, institutions and other sources to help students pay for college  This can consists of different programs  Grants  Loans  Scholarships  Work-Study Programs

 General Eligibility Requirements:  Have a H.S. Diploma or GED  U.S. Citizen or Eligible Non-Citizen  Enroll for an eligible degree or certificate program  Enroll at least 6 hours for most programs  General Eligibility Requirements:  Not be convicted of an offense involving a controlled substance  Register for Selective Service (Male Students)  Not owe a refund on federal grant or be in default on a loan  Maintain Satisfactory Academic Progress

 Every Financial Aid Program begins with the FAFSA  Free Application for  Federal Student Aid  Do not pay to process this free application  The student completes the  FAFSA at   Annual Process  FAFSA available in January each year for the Fall semester

 Undocumented Students  Eligible for State Grant Programs Only  Different Application Process  Complete Paper TASFA or FAFSA  Submit to Financial Aid Office  Submit tax returns and IVF as well  Submit copy of Affidavit that was admitted as Senate Bill 1528  Receives this documentation from the Registrar’s Office

The Financial Aid Office uses the following formula to determine eligibility: Calculate the Need: Cost of Attendance -Estimated Family Contribution (from SAR) Financial Need The EFC is figured by the federal processor from the information provided on the FAFSA

 TCC  Dependent Student living at home Cost$9153 EFC 1300 Total Need 7853  SMU  Undergraduate Student living in dorm Cost$ EFC 1300 Total Need 48705

 Gift Aid:  Funds that do not have to be repaid  Federal Pell Grant(EFC )  Over 74.5 Million disbursed  Over Million awarded  Federal SEOG(EFC )  TEXAS Grant(EFC 0 – 4000)  Must be in Recommended or Advance High School Program  Other (TPEG, TEOG, Book Scholarship, Book Cards)  Stars of Tomorrow (TCC Only)  Scholarships

 Self-Help:  Must be repaid or must work for funds  Federal and State College Work-study  Allows students to work on or off-campus  Federal Subsidized Stafford and Unsubsidized Loans  Subsidized loans have deferred interest while in school  Unsubsidized loans no deferred interest  Be On Time Loan  Be a Texas resident  Recommended or Distinguished Achievement HS curriculum  Be enrolled Fulltime  Not eligible to receive TEXAS grant  Will not have to repay if student graduates “on time”

 Affects All Students receiving Title IV Aid  Must have a High School Diploma or GED  Pell Grant is limited to the equivalent of 12 Fulltime semesters  6 years of study only  Reduction from 18 Fulltime semesters  All students who receive a loan between July 1, 2012 through July 1, 2014 will not be eligible for deferred interest during the 6 months grace period after graduation  Pay interest or allow interest to capitalize  Can only pay for a previously passed class once  Passing grades A,B,C,D

 New Federal Regulation:  All Students:  Must have a 67% completion rate of all hours attempted  Completed hours/Attempted hours  Must be at least 67%  Must have a cumulative GPA of 2.0  Maximum Timeframe a student is  eligible for financial aid  Cannot exceed 150% of publish program  Appeal process for students who do not meet standard depends on school’s policy Effective July 1, 2011

 Contact Financial Aid  (817)  Website   Collegeforalltexans.com  Collegeboard.com  Fastweb.com  Send 