15
Graduate Keys to Financial Aid SCHOLARSHIPS & FINANCIAL AID

Scholarships & Financial aid - OGAPSogaps.tamu.edu/OGAPS/media/media-library/documents/Graduate A… · Short-term Loans Do not need a FAFSA to apply 8% simple interest 1-12 month

  • Upload
    others

  • View
    1

  • Download
    0

Embed Size (px)

Citation preview

Page 1: Scholarships & Financial aid - OGAPSogaps.tamu.edu/OGAPS/media/media-library/documents/Graduate A… · Short-term Loans Do not need a FAFSA to apply 8% simple interest 1-12 month

Graduate Keys to Financial Aid

SCHOLARSHIPS & FINANCIAL AID

Page 2: Scholarships & Financial aid - OGAPSogaps.tamu.edu/OGAPS/media/media-library/documents/Graduate A… · Short-term Loans Do not need a FAFSA to apply 8% simple interest 1-12 month

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

Page 3: Scholarships & Financial aid - OGAPSogaps.tamu.edu/OGAPS/media/media-library/documents/Graduate A… · Short-term Loans Do not need a FAFSA to apply 8% simple interest 1-12 month

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

Page 4: Scholarships & Financial aid - OGAPSogaps.tamu.edu/OGAPS/media/media-library/documents/Graduate A… · Short-term Loans Do not need a FAFSA to apply 8% simple interest 1-12 month

Applying for Financial Aid

Free Application for Federal Student Aid (FAFSA)

Information provided is used to calculate the Expected Family Contribution (EFC)

Must be completed annually

fafsa.ed.gov

Texas A&M School Code: 003632

Page 5: Scholarships & Financial aid - OGAPSogaps.tamu.edu/OGAPS/media/media-library/documents/Graduate A… · Short-term Loans Do not need a FAFSA to apply 8% simple interest 1-12 month

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.

Page 6: Scholarships & Financial aid - OGAPSogaps.tamu.edu/OGAPS/media/media-library/documents/Graduate A… · Short-term Loans Do not need a FAFSA to apply 8% simple interest 1-12 month

howdy.tamu.edu

My Finances

Check the status of your aid

Obtain and complete forms

Accept or reject and

process aid

Calculate your loan

payments

Page 7: Scholarships & Financial aid - OGAPSogaps.tamu.edu/OGAPS/media/media-library/documents/Graduate A… · Short-term Loans Do not need a FAFSA to apply 8% simple interest 1-12 month

What Might I be Awarded?

Awards are effected by EFC as well as other educational resources including

fellowships and scholarships

Direct Unsubsidized Stafford Loans annual maximum of $20,500

Direct Graduate PLUS Loan

Graduate Texas Public Education Grant

Texas Aggie Graduate Grant (TAGG). Apply for TAGG via

financialaid.tamu.edu under “Forms”

Page 8: Scholarships & Financial aid - OGAPSogaps.tamu.edu/OGAPS/media/media-library/documents/Graduate A… · Short-term Loans Do not need a FAFSA to apply 8% simple interest 1-12 month

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.

Page 9: Scholarships & Financial aid - OGAPSogaps.tamu.edu/OGAPS/media/media-library/documents/Graduate A… · Short-term Loans Do not need a FAFSA to apply 8% simple interest 1-12 month

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

Page 10: Scholarships & Financial aid - OGAPSogaps.tamu.edu/OGAPS/media/media-library/documents/Graduate A… · Short-term Loans Do not need a FAFSA to apply 8% simple interest 1-12 month

Short-term Loans

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

Page 11: Scholarships & Financial aid - OGAPSogaps.tamu.edu/OGAPS/media/media-library/documents/Graduate A… · Short-term Loans Do not need a FAFSA to apply 8% simple interest 1-12 month

Maintaining Eligibility

Satisfactory Academic Progress (SAP)

Policy and appeal process at financialaid.tamu.edu

General Requirements:

Must successfully complete 67% of all courses attempted at A&M

Cumulative GPR of 3.0

Cannot exceed 150% of minimum hours required for admitted degree program

Page 12: Scholarships & Financial aid - OGAPSogaps.tamu.edu/OGAPS/media/media-library/documents/Graduate A… · Short-term Loans Do not need a FAFSA to apply 8% simple interest 1-12 month

Looking Ahead

2015-2016

Apply for scholarships

Renew your FAFSA

Check your status online and fulfill all

requirements

Continuing Student Scholarships

Apply at scholarships.tamu.edu

Opens in October

Deadline is February 1 each year

Make sure to check with your college or department

Page 13: Scholarships & Financial aid - OGAPSogaps.tamu.edu/OGAPS/media/media-library/documents/Graduate A… · Short-term Loans Do not need a FAFSA to apply 8% simple interest 1-12 month

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

Page 14: Scholarships & Financial aid - OGAPSogaps.tamu.edu/OGAPS/media/media-library/documents/Graduate A… · Short-term Loans Do not need a FAFSA to apply 8% simple interest 1-12 month

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 deadlines

Interest rates on student loans

is lower than that of credit

cards

Page 15: Scholarships & Financial aid - OGAPSogaps.tamu.edu/OGAPS/media/media-library/documents/Graduate A… · Short-term Loans Do not need a FAFSA to apply 8% simple interest 1-12 month

Contact Us

Scholarships & Financial Aid Texas

A&M University

Second Floor, The Pavilion

P.O. Box 30016

College Station, TX 77842-3016

(979) 845-3236

Email: [email protected]

Web: financialaid.tamu.edu

Counselors of the Day available from

8:00 a.m. to 5:00 p.m., Monday

through Friday

FAFSA School Code: 003632