State Financial Aid In Texas

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 Resources Loan Programs

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. Types of State Aid Programs Grants, Work-Studyand 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 Financial Aid Grant Programs State Grant Programs TEXAS Grant Texas Educational Opportunity Grant Toward EXcellence, Access and Success Grant Tuition Equalization Grant TEG TEOG

7. 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. • Includesall hours earned that are being accepted by your institution. • Excludescredits for dual enrollment or by examination. • Show financial need.

9. TEXAS Grant – IY Pathways Priority Model Consideration 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.

10. Eligibility Ends when: Student receives a Baccalaureate Degree OR Student attempts 150 Semester Credit Hours (SCHs) Whichever comes first TEXAS Grant Renewal Eligibility 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 2016-2017 Maximums

12. 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. • Excludescredits for dual enrollment or by examination. • Show financial need.

14. Eligibility Ends when: Student receives an Associate Degree or Student attempts 75 SCHs Whichever come first TEOG Renewal Eligibility 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

16. 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. 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. TEGAward Amounts • Maximum annual TEG award for 2016-2017 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. 2016-2017 Maximums

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

21. 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 RYawards only. 2016-2017 Maximums

24. State Financial AidLoanPrograms 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 RYawards 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.

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 WaiverPrograms Complete Listing: http://www.collegeforalltexans.com/

28. Resources

29. 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 www.collegeforalltexans.com

31. HHLoans Website • Loan eligibility information • Applications for state loans • An institutional portal for certifying loans • Loan repayment information www.hhloans.com

32. Statutes and Rules Texas Education Code (Statutes): http://www.statutes.legis.state.tx.us/ Texas Administrative Code (Program Rules): http://texreg.sos.state.tx.us/public/readtac$ext.viewtac

33. Questions?