160 likes | 253 Views
Gain insights on financial aid at Texas A&M University, with $534 million disbursed annually, including scholarships, grants, loans, and more. Receive advising, manage money, and explore various aid options. Learn about applying for aid, adjusting circumstances, and checking your aid status. Discover available grants, loans, and how to maintain eligibility for financial aid. Plan ahead for the summer and beyond, and explore continuing student scholarships. Stay informed about useful websites and tips, and reach out to the Scholarships & Financial Aid office for assistance.
E N D
Graduate Keys to Financial Aid 2012-2013 Scholarships & Financial Aid Texas A&M University
Financial Opportunities at Texas A&M Texas A&M disburses $534 million in financial aid annually. • 19% in Scholarships • 15% in Grants • 35% in Loans • 20% in Student Employment • 11% in Tuition Waivers 71% of the student body are receiving financial aid!
Services We Provide • Advising on student aid • Scholarships • Grants • Student Employment • Federal, State, Institutional & Alternative Loans • Short-term Loans • Money Management • 24/7 access to financial aid information • Veteran Services
Applying for Financial Aid • Free Application for Federal Student Aid (FAFSA) • Information provided is used to calculate the Expected Family Contribution • Must be completed annually • www.fafsa.ed.gov • Texas A&M School Code 003632
Extenuating Circumstances • Adjusting the Expected Family Contribution • Loss of employment or reduction of income • Death or illness • Medical or dental expenses not covered by insurance • Adjusting Cost of Attendance • Based on averages, may adjust to actual costs with documentation • Other circumstances that result in a change in financial status Contact our office for more information.
howdy.tamu.edu • Check the status of your aid • Obtain and complete forms • Accept or reject and process aid • Calculate your loan payments
What might I receive? • Graduate Texas Public Education Grant • Texas Aggie Graduate Grant (TAGG). Apply for TAGG via financialaid.tamu.edu under “Forms” • Direct Stafford Loans • Unsubsidized annual maximum of $20,500 • Direct Graduate PLUS Loan
Release of Funds • Financial aid can apply to the billing statement no sooner than 10 days before the first class day each semester, dependent upon your enrollment/registration. Fall 2012 August 18 Spring 2013 January 5 30
Financial Aid Delays • Incomplete file • Loan Entrance Counseling not complete • Loan Master Promissory Note not complete • Not enrolled in enough hours at Texas A&M Half-time = 5 hours Full-time = 9 hours • Scholarship funds not received from donor
Short-term Loans Room and board Books and supplies Optional fees Computers Study abroad Aggie Rings Co-Op • Do not need a FAFSA to apply • 8% simple interest • 1-12 month repayment period • $1000 - $1500 maximum • Emergency Tuition and Fees loan also available • 5% simple interest • 90 days repayment (fall/spring) • Apply online at financialaid.tamu.edu
Maintaining Eligibility • Satisfactory Academic Progress (SAP) • Policy and appeal process at financialaid.tamu.edu • General Requirements: • Must successfully complete 75% of all courses attempted at A&M • Cumulative GPR of 3.0 • Cannot exceed 150% of minimum hours required for admitted degree level
Looking Ahead Summer 2013 • You can receive aid only for hours enrolled at Texas A&M • Aid is awarded based on enrollment 2013-2014 • Apply for scholarships • Renew your FAFSA • Check your status online and fulfill all requirements
Looking Ahead Continuing Student Scholarships • Apply at scholarships.tamu.edu • Opens in October • Deadline is February 1 each year Also, check with your college or department
Useful Websites • financialaid.tamu.edu • Information on aid programs • scholarships.tamu.edu • Learn more about University and outside opportunities • jobsforaggies.tamu.edu • Apply for on- and off-campus part-time jobs and register for professional development workshops
Five Tips to Remember • It is not too late to apply • Apply every year • Check status online and A&M email often • Be aware of scholarship deadlines • Interest rates on student loans is lower than that of credit cards
Contact Us Scholarships & Financial Aid Second Floor, The Pavilion (979) 845-3236 Email: financialaid@tamu.edu Web: financialaid.tamu.edu FAFSA School Code: 003632 *Appointments or walk-ins welcome