Keys to Financial Aid

SCHOLARSHIPS & FINANCIAL AID

Key Things to Remember

Myths My parents make too much

money, so I’ll never qualify. Only people with perfect GPAs

get scholarships. You can only get financial aid if

you pay someone to help you find it.

Truths Even a millionaire can receive

financial aid. Scholarships are not always

awarded based solely on GPA. You don’t need to pay anyone for

help.

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

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

How to Apply

Complete the Free Application for Federal Student Aid (FAFSA) every year! Apply for a student and parent PIN

at pin.ed.gov Apply online at fafsa.ed.gov

The FAFSA is not a scholarship application.

Some scholarships require FAFSA information to determine financial need.

Parent PLUS Loan requires the FAFSA.

What is the FAFSA?

The key requirement for

determining most federal and state

aid eligibility.

The U.S. Department of Education

determines the expected family

contribution (EFC).

Parent and Student income and

assets

Number of household members

Number in college

The FAFSA Online

What do you need when filling out the FAFSA? Gather the documents you need. Start

with your Social Security Number, driver’s license, income tax returns, bank statements, and investment records.

Print a FAFSA on the Web Worksheet. Write in your answers and gather your parents' information then transfer the data to FAFSA on the Web.

Check your eligibility for federal student aid.

Note important deadlines. You can start Jan 1. Schools and states have their own deadlines. Contact them for exact deadline dates. Texas A&M’s priority date is March 15.

How Do I Get Financial Aid?

Listed schools will receive the electronic Student Aid Report (SAR). You can list up to 10 schools.

Schools use the information on the SAR to prepare a financial aid package to help meet your financial need.

How Is My Information Used?

Texas A&M will calculate your need based on the following formula:

Cost of Attendance

- Expected Family Contribution

= Financial Need

2014-2015 Cost of Attendance

ResidentResident At Home with

ParentsNon-Resident

Tuition & Fees*

$9,180 $9,180 $26,356

Loan Fees 62 62 62

Room & Board

9,522 4,400 9,522

Books & Supplies

1,000 1,000 1,000

Travel 606 606 1,000

Personal Expenses

2,100 2,100 2,100

Total $22,470 $17,348 $40,040

*Based on 15 credit hours per semester at Texas A&M University, College Station.

Extenuating Circumstances

Loss of employment or reduction of income Death or illness in family Medical or dental expenses not covered by insurance Any other circumstance that results in a change in the family’s financial status

Need Based Programs

Grant and Scholarship Programs

Federal Pell Grant

TEXAS Grant*

Supplemental Opportunity Grant (SEOG)

Texas Public Education Grant (TPEG)

Top 10% Scholarship

Loan and Employment Programs

Perkins Loan

Federal Direct Loan (subsidized)

B-On-Time Loan*

Work Study

* Programs subject to availability of funds.

Non-Need Based Programs

Federal Direct Loan (unsubsidized) Federal Direct Parent Loan College Access Loan (CAL) Alternative Private Loans Student Employment

Aggie Assurance Program

Guaranteed Tuition Program Eligibility Requirements

Texas Resident and eligible to pay resident tuition

Entering undergraduate student beginning in or after Summer 2008

Degree-seeking student Family adjusted gross income of

$60,000 or less

Aggie Assurance Program*

Eligibility Requirements continued Admitted and enrolled full-time at Texas A&M University at College

Station Maintain a 2.5 GPA and meet Satisfactory Academic Progress

Requirements Complete the FAFSA by March 15 Cannot have grants or scholarships totaling more than the cost of tuition

*Program subject to availability of funds.

Scholarships

Scholarships may be awarded on the basis of: Academic Merit Financial Need Talent Member of a particular group or

organization Leadership and participation All or any combination of the

above

Scholarships

Texas A&M Scholarships: www.applytexas.org

Dec 1 deadline Corps of Cadets (no deadline,

contact the Corps) Texas A&M Foundation

applytexas.org giving.tamu.edu/fea

Colleges and Departments on Campus Check with your department

Regents’ Scholarship*

First generation college students Neither step or biological parent has a

bachelor’s degree Family income of $40,000 or less Up to $5,000 per year for 4 years Must maintain a 2.0 GPA and

complete 75% of all attempted classes Texas Resident

*Program subject to availability of funds.

Scholarships

Outside Scholarships Internet (search engines)

scholarships.tamu.edu Local library resources Local businesses and civic

organizations Parent’s place of employment See your HS Counselor

Useful Websites

CollegeforAllTexans.com Information on Exemptions and

Waivers

AdventuresinEducation.org College and Career Planning Student Loan Inquiry

FinAid.org “SmartStudent” Guide to

Financial Aid Calculate your Expected Family

Contribution (EFC)

Contact Us

Scholarships & Financial Aid Texas A&M UniversitySecond Floor, The PavilionP.O. Box 30016College Station, TX77842-3016

(979) 845-3236 Email: financialaid@tamu.edu 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