Glossary
Grants, unlike loans, do not have to be repaid. They
are based on financial need and number of hours enrolled.
GRANTS
Grants don't need to be repaid. Available to undergraduate
students only. |
Award (Per Year) |
Description |
| Federal Pell Grant |
$400 - $5,550 |
Amount of award is determined by the expected
family contribution as indicated on the actual cost of
attendance of TSU. |
| Federal Supplemental Education Opportunity
Grant |
$500 - $2,000 |
Can help Pell Grant recipients who have
exceptional financial need. |
| Texas Public Education Grant |
$500 - $2,000 |
Designed for Texas residents with established
financial need. |
| Texas Grant |
Up to the maximum allowance as established by
the Texas Higher Education Board. |
Need-base financial assistance to Texas
students who completed college-preparatory curriculum in
high school. |
Federal Work-Study
| WORK-STUDY |
Amount Available |
Eligibility |
Description |
| Federal Work-Study |
Varies |
you must complete a FAFSA to be eligible.
Federal work-study eligibility is determined by financial
need. |
Work-Study is earned through employment
normally not to exceed 20 hours per week. Work-study
positions are assigned through the Office of Student
Financial Assistance beginning May 15. Additional
information with dates and times will be mailed to the
student and posted on campus for the general population of
students. |
Loans
Students enrolled at least half time (6 hours) may apply for
loans. All students applying for loans must complete the FAFSA.
Once students have met all requirements, they must endorse the
loan check in the Office of the Bursar. Remember this is a
loan and it must be repaid; borrow wisely.
| LOANS |
Amount Available (Per Year) |
Need Standards |
Interest |
Repayment Schedule |
| Federal Perkins Loan |
Up to $3,000 for undergraduates. UP to $5,000
for graduates |
Exceptional need |
%5 - No interest accumulates while the
borrower is still in school. |
begins 9 months after graduation. * 10 years
allowed to repay. |
| Subsidized Federal Direct Loan |
Year1 ..................$3,500
Year 2 .................$4,500
Year 3, 4, 5 .........$5,500
Graduate .............$8,500 |
Demonstrated need. |
Variable rate (8.25% max.) - No
interest accumulates while the borrower is still in school. |
Begins 6 months after
graduation.*
Various schedules are available for Federal Direct Loan
repayment:
Standard 10 years.
Extended 12 - 30 years.
Graduated 12 - 30 years.
Income Contingent 25 years. |
| Unsubsidized Federal Direct Loan for
Dependent Students |
Year1 ..................$3,500
Year 2 .................$4,500
Year 3, 4, 5 .........$5,500
Graduate.............$8,500 |
No evidence of need required. † |
Variable rate (8.25 % max.)
Interest on unsubsidized loans is charged quarterly as soon
as money is borrowed. Students may choose to pay the
interest as it is charged, and thus keeping it from
accumulating, or they may have the interest added to the
capital (in effect, borrowing the amount needed to pay the
interest. |
| Unsubsidized Federal Direct Loan |
Year 1, 2 ..................$2,000
Year 3, 4, 5 ..............$2,000 |
No evidence of need required. † |
| Unsubsidized extended
Federal Direct Loan for Independent Students |
Year 1, 2
............$4,000
Year 3, 4, 5 ........$5,000
Graduate ...........$12,000 |
No evidence of need
required. • |
| Federal PLUS Loan
(Parent Loan for Undergraduate Students) |
Up to cost of attendance |
No evidence of need
required. ** |
Variable rate (9% max.) |
Begins immediately after
the loan has been fully disbursed.
10 years allowed to repay. |
* Or after the time you cease to be a half-time student. The
minimum monthly payment for a Perkins loan is $40. The minimum
monthly payment for a Federal Direct Loan on the standard
repayment plan is $50. Payment may be higher based on the amount
of your total debt.
† Loans for dependent students may be used in conjunction with
subsidized loans. The total of subsidized an unsubsidized loans
my not exceed the student's base eligibility.
• Extended loans for independent students offer money that can
be borrowed regardless of any other aid received (not to exceed
the cost of attendance).
** The lender will require a credit analysis to determine credit
worthiness prior to loan approval.
Scholarships
Scholarships are considered gift aid that does not have to be
paid back. They are usually based on a student's academic
performance, special talent and or financial need. Applications for
scholarships may be obtained from the Office of Student Services
located in Hannah Hall, Room 129.
Any scholarship received from outside organizations are forwarded to
TSU and will be disbursed according to the donor's specifications.
students are required to report any outside scholarships to the
Office of Student Financial Assistance. The scholarship will be
included in the recipient's award package; if any adjustments are
required they will be made and a new Award Letter will be mailed to
the student. Read more on scholarships available through the
university or the state
here.
Satisfactory Academic Progress
You are required to make Satisfactory Academic Progress (SAP)
in your degree or certificate program to be eligible for
financial aid. Read more about these academic standards
here.
Financial Need = Cost of Attendance - Estimated Family
Contribution
The Department of Education determines the amount the student
and family can reasonably be expected to contribute toward the
cost of education according to information reported on the Free
Application for Federal Student Aid (FAFSA). The Estimated
Family Contribution (EFC) is reported on the Student Aid Report
(SAR) as calculated by the Department of Education. The Cost of
Education at Texas Southern University is approved by the Texas
Higher Education Coordinating Board (THECB). The student may
receive a Financial Aid Package up to the amount of Financial
Need, which is calculated by subtracting the Expected Family
Contribution from the Cost of Attendance.The latest estimates
for the cost of attendance are available
here.
Dependency Status
Federal law determines whether parental information must be
considered in determining need. Parental information must be
included unless the student is:
- an orphan or ward of the court a veteran a graduate or
professional student married has legal dependents other than
spouse a student with documented special circumstances for
independence
- 24 years old
Special Circumstances
Although the process of determining need for financial aid is
generally the same for all students, there are allowances for
unusual circumstances. If you feel have special circumstances
that can be documented and substantiated, contact the Office of
Student Financial Assistance. |
