Financial Aid Terms

There Are 3 Types of Financial Funds that can be included in a FA (Financial Aid) Packet.

Grants/Scholarships – (Free Money!!!)

Work-Study-  (Money you work for)

Loans- (Must pay back)

2016-2017 FAFSA Deadlines

FAFSA Information for the Class of 2017 coming soon!


To be considered for federal student aid for the 2016-2017 award year, you can complete a Free Application for Federal Student Aid (FAFSA) between January 1, 2016 and midnight Central Time, June 30, 2016. Any corrections or updates must be submitted by midnight Central Time, September 19, 2016.

Priority deadline for state financial aid programs at Texas public colleges and universities is March 15, 2016. For Texas private colleges and universities, contact your school's financial aid administrator. Additional form may be required.

However, many states and colleges have earlier deadlines for applying for state and institutional financial aid. You can find your state’s deadline at https://www.fafsa.gov/deadlines. Check with your college about its deadlines.

Because of the variation in state and college deadlines, it is highly recommended that you fill out the FAFSA as soon as you can after January 1 to ensure that you do not miss out on available aid.

One thing to consider, however, is that the FAFSA asks for your tax return information for the current year. Often, this information might not be available until the end of January, at the earliest. Keeping this in mind, you can choose to either wait until you or your family files income taxes for the year or complete your FAFSA using estimates derived from the previous year’s tax returns and other documentation. (Note: If you do this, you will need to return later and correct any discrepancies between the estimated values and the current year’s tax returns.)

TASFA Eligiblility

If you’re not eligible to apply for federal financial aid, then you may be able to receive aid from the state. You apply for state financial aid by completing the Texas Application for State Financial Aid.

State and/or Institutional Financial Aid Eligibility Through Texas Residency

Since September 1, 2001, Texas Legislation (House Bill 1403) has allowed schools in the state of Texas the opportunity to award certain state and/or institutional financial aid to assist students pursuing an undergraduate degree if they met the state’s criteria for Texas Residency. New legislation enacted effective Fall 2006 (Senate Bill 1528) expands the option for residency to other students, too (not just international students).

Visit the website below to print your application.

http://www.aie.org/pdf/TASFA-Application-2015-2016...

Should I fill out TASFA or FASFA

Status Free Application for Federal Student Aid (FAFSA) Texas Application for State Financial Aid (TASFA) 
I am a U.S. citizen  
I am a permanent resident with an Alien Registration Card (I-551)  
I am a conditional permanent resident with visa type I-551C  
I am an eligible noncitizen with an Arrival/Departure Record (I-94) showing one of the following:
  • Refugee
  • Asylum granted
  • Parolee (for a minimum of one year)
  • Cuban-Haitian entrant
 
I do not meet one of the statuses above; however, I have been classified as a Texas resident and therefore am eligible to pay the Texas in-state tuition rate. My classification as a Texas resident is NOT due to an in-state scholarship or assistantship.
      

FACTS!

  • Applying for Financial Aid EARLY may result in more money.

  • Non-Citizens may qualify for Financial Aid- https://studentaid.ed.gov/eligibility/non-us-citizens

  • Financial Aid packets will not be the same for all schools.

  • The amount of Financial Aid you receive can vary in many different ways such as the school’s success rate, person's living situation, parents who support children over 50% of the time, parent’s taxes, your state, the time period you apply, etc.

  • Mistakes on the FAFSA/TASFA will delay your application causing verification and could also cause a decrease in the amount you receive. That being said apply in enough time to avoid missing deadlines.

  • If you miss the deadline it is not too late to apply for FAFSA, However you will not receive as much.

  • IMPORTANT: Loans accepted come with interest. Interest added may start while you are in school or it may also start when you graduate. These must be paid back! (Make sure you understand Loans and the interest added on to the loan you agree to, before you agree to it).