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State Financial Aid In Texas

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Presentation on theme: "State Financial Aid In Texas"— Presentation transcript:

1 State Financial Aid In Texas

2 What will you learn about today?
Texas Higher Education Coordinating Board Exemption/Waiver Programs Grants, Work-Study & Scholarships Programs Questions Types of State Financial Aid Programs Loan Programs Resources

3 What is the Texas Higher Education Coordinating Board?
The Texas Higher Education Coordinating Board (THECB) was created by the Texas Legislature in 1965. The purpose of THECB is to provide leadership and coordination for the Texas Higher Education system. The general responsibilities of THECB are to: Assess the overall state of higher education in Texas. Develop recommendations to the Legislature, Governor, and institutions for its enhancement. Establish policies for the efficient and effective use of the state’s higher education resources.

4 Grants, Work-Study and Scholarships
Types of State Aid Programs Grants, Work-Study and Scholarships Funds do not need to be repaid Educational Loans Funds are used to cover cost of attendance Exemption Programs Exempts from paying tuition and/or fees Waiver Programs Waives non-resident tuition rates for non-resident students .

5 State Financial Aid Priority Deadline – March 15th
The state priority deadline is required at the General Academic Teaching Institutions (GATI’s). Community Colleges, Private/Independent and Technical Schools are encouraged, but not required, to advertise and implement a priority deadline. Institutions have the flexibility to define what it means to meet the deadline. .

6 State Grant Programs State Financial Aid Grant Programs TEXAS Grant
Toward EXcellence, Access and Success Grant Texas Educational Opportunity Grant Tuition Equalization Grant TEXAS Grant TEOG TEG

7 Toward EXcellence, Access and Success
TEXAS Grant Toward EXcellence, Access and Success

8 TEXAS Grant – Initial Year (IY) Eligibility
To receive an IY award through the TEXAS Grant, a student must: Be classified by the institution as a Texas resident. Have a 9-month EFC of no more than $5,233. Be registered with Selective Service, or be exempt. Have not been convicted of a felony or crime involving a controlled substance. Be enrolled in at least 9 hours as an entering undergraduate student with no more than 30 hours. Includes all hours earned that are being accepted by your institution. Excludes credits for dual enrollment or by examination. Show financial need.

9 TEXAS Grant – IY Pathways
Four (4) IY Pathways: Graduated from an accredited public or private high school. Includes Priority Model. Earned an Associate’s Degree. Enlisted in military service. Texas Educational Opportunity Grant (TEOG) Transfer. Priority Model Consideration AREA REQUIREMENT(S) Advanced Academic Program 12 hours of college credit (dual credit or AP courses), complete the Recommended or Advanced High School Program, or complete the International Baccalaureate (IB) Program. TSI Readiness Meet the Texas Success Initiatives (TSI) assessment thresholds or qualify for an exemption. Class Standing Graduate in the top one-third of the HS graduating class or GPA of at least 3.0 on a four point scale. Advanced Math Complete at least one math course beyond Algebra II or at least one advanced career and technical course, as determined by the Texas Education Agency (TEA).

10 TEXAS Grant Renewal Eligibility
Eligibility Ends when: Student receives a Baccalaureate Degree OR Student attempts 150 Semester Credit Hours (SCHs) Whichever comes first End of subsequent years (Program SAP): 2.5 cumulative GPA and 24 completed SCHs End of 1st year: Institution’s SAP Policy Enroll in at least 3/4 time Have Financial Need

11 TEXAS Grant Award Amounts
Maximums Institution Type Award Max/Year Award Max/Sem Target Award/Year Target Award/Sem Public Universities, Health-Related Institutions, and State Colleges  $8,722  $4,361  $5,000 $2,500 Public Community Colleges Renewal only $2,832 $1,416 $1,325 $663 Public Technical Colleges $4,572 $2,286 $1,250

12 Texas Educational Opportunity Grant
TEOG Texas Educational Opportunity Grant

13 TEOG – Initial Year (IY) Eligibility
To receive an IY award through the TEOG Program, a student must: Be registered with Selective Service, or be exempt. Have a 9-month EFC of no more than $5,233. Be classified by the institution as a Texas resident . Have not been convicted of a felony or crime involving a controlled substance. Enroll in at least 6 hours as an entering undergraduate student with no more than 30 hours: Includes all hours earned that are being accepted by your institution. Excludes credits for dual enrollment or by examination. Show financial need.

14 TEOG Renewal Eligibility
Eligibility Ends when: Student receives an Associate Degree or Student attempts 75 SCHs Whichever come first End of subsequent years (Program SAP): 2.5 cumulative GPA and 75% Completion Rate End of 1st year: Institution’s SAP Policy Enroll in at least 1/2 time Have Financial Need

15 TEOG Award Amounts 2016-2017 Maximums $8,722 $4,361 $2,832 $1,416
Institution Type Award Max/ Year Semester State Colleges  $8,722 $4,361 Public Community Colleges $2,832 $1,416 Public Technical Colleges $4,572 $2,286

16 Tuition Equalization Grant
TEG Tuition Equalization Grant

17 TEG – First Year Eligibility
To receive a first year award through the TEG Program, a student must: Be enrolled at least ¾ time. Be registered with Selective Service, or be exempt. Be classified as a Texas resident or National Merit Finalist receiving scholarships in the amount eligible to pay Texas resident tuition. Not concurrently receiving an athletic scholarship. Attempting their first associate, baccalaureate, masters, or doctoral degree. Not enrolled in a seminary or other religious program leading to a career in a church.

18 Undergraduate Student Eligibility Ends after:
TEG Subsequent Eligibility Undergraduate Student Eligibility Ends after: 10 consecutive semester from the first award End of subsequent years (Program SAP): 2.5 cumulative GPA and 75% Completion Rate 24 completed SCH’s for Undergraduate 18 completed SCH’s for Graduate End of 1st year: Institution’s SAP Policy Enrolled at least 3/4 time Undergraduate Enrolled at least 1/2 time for Graduate Have Financial Need

19 TEG Award Amounts 2016-2017 Maximums Undergraduate / Graduate students
Maximum annual TEG award for equals the least of the student’s financial need, the student’s tuition differential, or $3,364. Undergraduate students with exceptional need (defined as students with EFC’s less than or equal to $1,000) may receive up to 150% of the basic award ($3,364 x 150% = $5,046), not to exceed the student’s need or tuition differential. Maximums Undergraduate / Graduate students $3,364 Undergraduate students with exceptional need $5,046

20 State Work-Study and Scholarship Programs
State Grant Programs Texas College Work-Study Top 10 Percent TCWS Top 10 %

21 Texas College Work-Study Program
TCWS Texas College Work-Study Program

22 Texas College Work-Study
Eligibility requirements: Be classified by the institution as a Texas resident. Be registered with Selective Service, or be exempt. Have not been convicted of a felony or crime involving a controlled substance. Be enrolled in at least 6 hours. Show financial need.

23 Top 10 Percent Scholarship
As of July 2015, the Texas Legislature reduced funding for the Top 10 Percent Scholarship program, limiting it to RY awards only. Maximums Award Type Priority 1 Priority 2 Initial Year (IY) No Award Renewal Year (RY) $2,000 TBD Workforce Bonus

24 State Financial Aid Loan Programs
College Access Loan B-On-Time Loan BOT CAL

25 BOT Loan Amounts 2016-2017 Maximums
As of July 2015, the Texas Legislature reduced funding for the BOT program, limiting it to RY awards only. Unless the student previously received an award at an institution of higher education, they are not eligible to receive an award this upcoming year. Maximums Institution Type Award Max/ Year Semester State Universities, HRIs and Colleges  $8,722  $4,361 Public Community Colleges $2,832 $1,416 Public Technical Colleges $4,572 $2,286

26 CAL Program The CAL Program provides alternative loans to Texas students who are unable to meet the cost of attendance at public and private/non-profit institutions. Interest rate of 4.5% fixed. Eligibility requirements: Be classified by the institution as a Texas resident. Be enrolled in at least 9 hours. Receive a favorable credit evaluation or provide an eligible co-signer who receives a favorable credit evaluation. Meet the institution’s SAP policy.

27 Exemption and Waiver Programs
Exemption Programs Waiver Programs Police Officers Firefighters Foster Care Dual Credit Competitive Scholarship Teaching/Research Assistants Good Neighbor Scholarship Border County Border States Complete Listing:

28 Resources

29 www1.thecb.state.tx.us/apps/Special
Student Financial Aid Programs Information Website Messages and alerts Program Specific Information Award maximums Program guidelines Allocations Forms Resources Instructions Applications Q&As Prior Training, Webinars and Workshops www1.thecb.state.tx.us/apps/Special Programs/MainMenu.cfm

30 College For All Texans Website
Eligibility requirements for: State and Federal Grants & Scholarships Loan Programs Waiver Programs Texas College Work-Study Program $1000 Tuition Rebate Program TASFA Application and Instructions State Net Price Calculator Tool

31 HHLoans Website Loan eligibility information
Applications for state loans An institutional portal for certifying loans Loan repayment information

32 Statutes and Rules Texas Education Code (Statutes):
Texas Administrative Code (Program Rules):

33 Questions?


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