Federal Pell Grant
This is the largest Federal program and is considered the "foundation" of all aid programs. This grant makes funds available to eligible undergraduate students who are enrolled at least half-time. Eligibility and amount of award is determined by the Department of Education, and these awards do not have to be repaid. Awards range from $200 to $4050 per year (based on full-time enrollment). Full-time enrollment is preferred, however, some awards can be made to less than full-time students; the amounts of these awards are reduced. Funds are available to students for less than half-time enrollment on a very limited basis. All students who desire to participate in this program must submit an application (the FAFSA).
Federal Supplemental Educational Opportunity Grant (SEOG)
Awards are made by the Financial Aid Office to those students meeting the June 1 deadline and who have a large unmet need. Preference is given to PELL recipients with the lowest EFC (estimated family contribution from the SAR). Awards considered on first-come first served basis. Awards do not have to be repaid. Awards are a minimum of $100 and credit is applied toward tuition and fees. Students must be enrolled in at least six semester hours to receive this grant. Although these funds are limited, students applying for other financial aid will automatically be considered for this program.
State Student Incentive Grant (SSIG)
A combination of federal, state, and institutional funds, awards are designed to assist students with documented need and recipients are determined by the Financial Aid Office. Awards do not have to be repaid. Maximum grants are $2000 (TC usually awards $350 per semester). Although these funds are limited, students applying for other financial aid will automatically be considered for this program.
Texas Grant (Toward Excellence, Access and Success)
WHO can compete for an award? A student who:
- Is a Texas resident
- Graduated from a public or accredited private high school in Texas no earlier than fall 2004
- Completed the recommended or advanced high school curriculum or its equivalent
- Has financial need
- Enrolls at least ¾-time in an undergraduate degree or certificate program as an entering undergraduate within 16 months of high school graduation and
- Has not been convicted of a felony or crime involving a controlled substance.
How much can a student receive through the program at Temple College? Students may receive $635 per semester. Students can receive for more than one year but must apply each year.
How do I apply?
- Students must meet the above requirements
- Students must apply for financial aid using the Free Application for Federal Student Aid (FAFSA)
- Students must turn in the FAFSA results and any other required documents to the Financial Aid Office
- Students must attach a copy of their final high school transcript showing graduation date to this application
- Return the completed application to the Financial Aid Office
Texas Public Education Grant (TPEG)
State and institutional funds provide a very limited number of awards to students who find themselves in extreme financial conditions. Awards are determined by the Financial Aid Office and are not repaid. Recipients are allowed to charge tuition and fees or books for the amount of the grant at the time of registration. Although these funds are limited, students applying for other financial aid will automatically be considered for this program.
Work Programs
The Federal College Work Study and Local Student Assistant programs provide part-time employment for qualified students. Positions vary from clerical to lab assistants, and computer operations to lifeguards. Eligibility for Work Study is need based. Students can work up to nineteen hours a week and are paid at least the current minimum wage as set forth by the Department of Labor (TC's rate is $6.00/hour). Students must maintain acceptable work habits in order to continue employment. Students must be enrolled at least half-time and must apply for financial aid. Applications for the Work Study positions are available in the Financial Aid Office. Students are paid on the last working day of each month.
Federal Family Education Loan Program
This loan program permits students to obtain low-interest loans from private lending agencies. The process is begun by completing the (FAFSA) form. Eligibility requirements include, but are not limited to, need. There are two types of loans under the Federal Stafford Loan Program: Subsidized and Unsubsidized. After completing the financial aid process, student loan applications (available in the financial aid office) are certified by the Financial Aid Specialist. These loans are normally made through banks, credit unions, or savings and loan associations who participate in the program. These loans do not have to be repaid until the student leaves school or ceases to be enrolled on a half-time basis. Interest rates are variable and subject to change. Students must be enrolled at least half-time. Maximum loans are $2625 per school year for Freshmen and $3500 per school year for Sophomores. First-time borrowers at Temple College must attend an entrance counseling session and cannot receive their first disbursement until 30 days after classes begin for the first semester they borrow. All borrowers who leave Temple College must attend an exit session.
Failure to repay according to terms will result in reporting the default to national credit bureaus and may result in loss of federal and/or state income tax refunds, legal action, loss of eligbility of student aid, and difficulty in obtaining other credit.
|
Loan Counseling on the web. First-time borrowers at TC are required to complete Entrance Counseling before receiving their first disbursement. Click on the Stafford Entrance Counseling button to begin. |
|
|
Student loan borrowers who are leaving TC are required to complete Exit Counseling within 30 days of ceasing enrollment at TC. Click on the Stafford Exit Counseling button to begin. |
To get more information about check processing or release dates, contact the Financial Aid Office.
College Access Loan Program
College Access Loan (CAL) is administered through the Texas Higher Education Coordinating Board. The CAL is designed to assist the college student whose family experiences difficulty in meeting the expected family contribution toward educational costs. Enrollment in an accredited public or nonprofit independent institution of higher education in Texas is required. The qualified student must be eligible to pay resident tuition and fees at public institution of higher education and must be enrolled on a nonprobationary basis. Borrowing through the program in successive years depends on the borrower’s academic progress and standing as determined by the institution of higher education in which the borrower is enrolled. Students apply on line (www.hhloans.com). Students should contact the Financial Aid Office to expedite their application.
Parent Loans for Undergraduate Students (PLUS):
Temple College is not currently participating in this program.
Short-term Loan Programs
Temple College has limited funds to provide immediate assistance for tuition and fees. These funds are made available through gifts contributed by individuals and organizations interested in Temple College and in the welfare of its students. The funds are used for emergency loans for payment of tuition, fees, or books and must be repaid during the term of enrollment so that the money may be continually circulated. Loan recipients will be charged a $10 fee. Loans are made only to students who have resources to make repayment reasonably certain. Allow at least seven days for processing. The maximum loan is $300.
Private Donor Scholarships
Outstanding students and students in need are selected to receive financial assistance by individuals, organizations, or businesses. Some of these recipients are chosen by the Financial Aid Office but most are selected directly by the donor. Eligibility for most of these scholarships is based on scholastic achievement and financial need. General scholarship applications are available in the Financial Aid Office February 15 and have a deadline of April 1 each year. Students receiving scholarships and whose funds have been received by the college, will have a credit added to their student account. Tuition, fees, and books will be deducted from the proceeds. If there is a balance remaining, a balance check will be written to the student within two weeks of the receipt of funds
Temple College Scholarships
Temple College offers a number of awards to students with special skills in the area of speech, drama, music, honors, and athletics. Students who are interested in scholarships in these areas should contact the department chairmen. Names and addresses for department chairmen can be obtained through the Financial Aid Office. In addition, all valedictorians and salutatorians from accredited high schools in Texas receive a one year tuition and fees scholarship for the Fall and Spring semesters immediately following graduation.
Veterans Programs
For information on these programs, contact the Veterans Administration Office or the VA Counselor in the Advising Office. Students must also apply for Federal Financial Aid by completing the FAFSA.
Copyright © 2000-2005 by Temple College. All rights reserved.