Financial Aid for Continuing Students in the New College
When you file your Free Application for Federal Student Aid, or FAFSA, at www.fafsa.ed.gov, you will automatically be considered for the Federal Pell Grant and Federal Direct Student Loans.
Grants do not require repayment.
Federal Pell Grant
Available to students (U.S. citizens and legal residents) who show financial need according to the Free Application for Federal Student Aid (FAFSA). Annual awards vary widely ($605 to $5,645 for full-time study). Award amount is determined by the student's Expected Family Contribution (EFC) as calculated from the FAFSA. Pell Grant funds are sent directly to the school and applied to the student’s bill.
Scholarships do not require repayment.
Alpha Sigma Lambda Honor Society
Alpha Sigma Lambda Honor Society for adult students offers a total of $2,000 in academic achievement scholarships to students 24 years of age or older who had a minimum of 18 graded credit hours at St. Edward's University before the start of the Fall 2012 semester, along with a cumulative GPA of at least 3.2.
The amount of each award will be determined by the scholarship committee, based on the number and merit of the applicants. Both undergraduate and graduate students are welcome to apply. Awards are intended for use in the Spring 2013 semester.
Application deadline: November 30, 2012
The Alpha Sigma Lambda Honor Society Scholarship application is no longer available for download.
Scholarship consideration is limited to students currently enrolled in New College who have at least a 3.0 St. Edward’s cumulative grade point average and who have earned a minimum of 33 St. Edward’s University graded hours. In addition, applicants must have completed at least 6 credit hours by the end of the Fall 2012 semester and be registered for at least 6 credit hours for the Spring 2013 semester.
Award consideration is based upon past commitment to community service, academic excellence, and a community service project proposal for one of the following periods of time:
- Fall Semester 2013
- Spring Semester 2014
- 2013-2014 Academic Year
The monetary amount of the Brown award is dependent upon the scope, depth, and length of the time of the community service proposal.
New College Merit Scholarship
Scholarship consideration is limited to students currently enrolled in New College who have at least a 3.5 St. Edward’s cumulative grade point average and who have earned a minimum of 18 St. Edward’s University graded hours by the application deadline, April 16.
A link to an online application will appear in the "Scholarships" section of eligible students' EdWeb accounts. Students who will have completed 18 hours at the end of the Spring term will not meet eligibility requirements to apply.
Applications will be evaluated by a committee composed of New College faculty.
Awards will be for the following school year. Students must plan to enroll for those semesters to receive the scholarship funds.
The next application window for the New College Merit Scholarship will begin February 25th with an application deadline of April 16.
Phi Beta Kappa Alumni Baccalaureate Scholarship
The Phi Beta Kappa Alumni Association of Greater Austin has established a scholarship program to support the ideals of Phi Beta Kappa, “Love of wisdom, the guide of life.” The awards are for the purpose of furthering the recipients’ undergraduate education.
Continuing students are eligible if they:
1. have earned more than 30 credits
2. are at least 24 years old
3. are pursuing an academic program that includes liberal arts and sciences
4. are enrolled at Concordia University, Huston-Tillotson College, St. Edward’s University, or the University of Texas at Austin.
These scholarships of $2,500 are dedicated to recognizing and assisting students who have already demonstrated academic excellence at the undergraduate level.
March 19, 2013
Download a copy of the Phi Beta Kappa Alumni Association of Great Austin's Adult Baccalaureate Scholarship Application
Scholarship Search Sites
Students can also search for additional off-campus scholarship using many of the free online scholarship search engines. These sites specialize in assembling and maintaining large databases of scholarships opportunities offered by various companies, organizations, service groups, etc. Students can typically focus their search using criteria such as age, major, talent, gender, ethnicity, academic merit, financial need, etc.
Remember, legitimate organizations will never charge you a fee to search or apply for a scholarship.
Click here to see a list of free online scholarship search sites.
Loans require repayment.
Federal Direct Student Loans
All eligible students can borrow through the Federal Direct Student Loan Program, designed specifically for college students. This low-interest loan program allows you to defer payments while you are enrolled in a degree/certificate program for at least six credit hours, with repayment beginning six months after you graduate or drop below half-time enrollment status. Students must remain in good academic standing with a minimum GPA of 2.0, and successfully complete 75% of their courses each academic year.
Note: If you accept one of these loans, you must complete a Federal Direct Loan Promissory Note and complete a debt management session in addition to filing a FAFSA.
Federal Perkins Loan
The Federal Perkins Loan Program provides government subsidized, low 5% fixed interest rate loans to help needy students pay for educational expenses. The institution ensures that Federal Perkins funds are awarded (up to $5,500.00) to eligible students (to the extent of available funds) who demonstrate exceptional financial need. The school is the lender and therefore the loan is repaid to the school and funding in this program is a self-replenishing revolving fund program. As a result of limiting funding in this program, awarding of new funds (based on federal guidelines) is prioritized for first-come, first-served needy freshmen in the Undergraduate College and eligible continuing Perkins borrowers for up to four years, provided they meet satisfactory academic progress requirements.
Private Education Loans
St. Edward's, in conjunction with Elm Resources, maintains information on a number of alternative loan programs offered through private banks and lending groups:
Because these are non-federal loans, each lender sets its own eligibility criteria, interest rates, processing fees, and repayment terms. Generally, students must meet fairly high credit standards to qualify on their own, so many students will need a credit-worthy cosigner in order to qualify. If approved, students can typically borrow up to their full cost of attendance minus any other aid the student is receiving for the period of attendance set to be covered by the loan.
Please note that a lender's inclusion in this list is not meant as an endorsement by the university, nor is it meant to limit your selection of a private education loan. These particular lenders have been included because:
- they have a proven track-record of reliable customer service;
- they offer competitive interest rates and repayment terms; and
- they utilize electronic processing compatible with the university’s financial aid management system ensuring consistent and timely delivery of loan funds.
However, the Office of Student Financial Services will certify an application for any private education loan regardless of whether the lender appears on this list or not.
Once you have decided upon a lender, please contact your Student Financial Services Advisor for information you'll need to provide as part of your application for the loan, including loan period, cost of attendance, and total amounts of other assistance.
St. Edward's University does not receive any form of payment or renumeration from lenders in exchange for inclusion on this list.