Financial Aid for Continuing Students in the Undergraduate College

After file your Free Application for Federal Student Aid, or FAFSA, at www.fafsa.ed.gov, your financial advisor will determine our offer of financial assistance for and you will be notified via email.  Scholarships, grants and work-study do not require repayment, but loans do.

When you file your Free Application for Federal Student Aid, or FAFSA, you will automatically be considered for grants, work-study, and Federal Direct Student Loans.

Scholarships

Scholarships for continuing students include those offered at the time of admission (such as merit-based awards, athletic and theatre scholarships) and renewed for eligible students, as well as some specifically for continuing students. 

Faculty Scholarship

Scholarship consideration is limited to full-time students enrolled in the Undergraduate College.  Applicants must have at least a 3.5 St. Edward’s cumulative grade point average and have successfully completed at least 15 Fall 2012 St. Edward’s University credit hours by the end of the Fall 2012 semester.  In addition, they must be registered for at least 15 St. Edward's University credit hours for the Spring 2013 semester.

On December 19, 2012, a link to an online application will appear in the "Scholarships" section of eligible students' EdWeb accounts.  Faculty members will be able to submit their recommendations under the "Faculty" section of EdWeb for Faculty and Staff.  The application deadline will be midnight on February 14, 2013.  Application is now closed.

Awards will be offered for use in the Fall 2013 & Spring 2014 semesters specifically and require full-time enrollment in each term.
 

Service Scholarship

Office of Community Engagement oversees the application process for the Service Scholarship. Service Scholarships are available to traditional undergraduate students who have demonstrated outstanding achievement in the area of community service on or off campus since they first enrolled at St. Edward's.  Applicants must have at least a 2.75 St. Edward’s cumulative grade point average and have successfully completed at least 12 St. Edward’s University credit hours by the end of the Fall 2012 semester.  Additionally, they must be registered for at least 12 St. Edward's University credit hours for the Spring 2013 semester. 
Application deadline will be February 14th.
Awards will be offered for use in the Fall 2013 & Spring 2014 semesters specifically and require full-time enrollment in each term.

You must submit Phase 1 of the application before you will be allowed to proceed to Phase 2.
Application Closed

Brown Scholarship

Office of Community Engagement oversees the application process for the Brown Scholarship.  Awards ranging from $2,000 to $10,000 are available for the 2013-2014 academic year. 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

Applicants must have at least a 3.0 St. Edward’s cumulative grade point average and have earned at least 33 St. Edward's University credit hours by the end of the Fall 2012 semester.  Submission of a community service project proposal is required as part of the application process.

You must submit Phase 1 of the application before you will be allowed to proceed to Phase 2.
Application closed.

Noyce Scholarship

Up to $31,000 of Noyce Scholarship money is available to math or science majors interested in pursuing a career in the classroom. In addition to receiving financial support, recipients will be mentored by university faculty and master teachers. The scholarship is open to sophomores and juniors. Applicants must have at least a 3.0 cumulative grade point average and must have junior standing by the start of the Fall 2012 semester.

More information about the Noyce Scholarship

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.

St. Edward's University Grants

St. Edward’s University grants are available to students (U.S. citizens and legal residents) who show financial need according to the Free Application for Federal Student Aid (FAFSA). Each year, the university provides a significant volume of grants to offset tuition. In 2010 alone, students at St. Edward’s were awarded more than $30 million in university grants. 

Federal Grants

Federal Pell Grant

Available to students (U.S. citizens) who show financial need according to the Free Application for Federal Student Aid (FAFSA). Annual awards vary widely ($555 to $5,550 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.

Federal Supplemental Educational Opportunity Grant (SEOG)

Federal grant awarded to Pell Grant–eligible students who have demonstrated the highest calculated need from the FAFSA. Awards are applied directly to the student’s bill. SEOG is subject to availability.

State Grants

Texas Tuition Equalization Grant

State-funded, need-based grant offered to eligible full-time undergraduates who are Texas residents. Students who receive athletic scholarships are not eligible to receive a TEG.  TEG is subject to availability.

Work-Study

Federal and State College Work Study

Provides paid employment opportunities in various campus offices. Work-study awards are offered to students with demonstrated financial need. Students are paid at an hourly rate and receive pay every two weeks for the hours worked. The average college work-study award is $2,000 annually and is paid directly to the student. College work study is subject to availability.

Loans

Loans require repayment.

Federal Direct Student Loan (Subsidized and Unsubsidized)

Subsidized Student Loan is awarded on the basis of financial need as determined by the FAFSA and the college's cost of attendance. The federal government pays the interest on the loan during enrollment of at least six credit hours per semester and during the six-month grace period after enrollment ceases. An Unsubsidized Student Loan is not based on financial need, and interest accrues from the time the loan is disbursed until it is paid in full. Annual loan limits under the Federal Student Loan program are: $5,500 freshman, $6,500 sophomore, and $7,500 junior and senior. Additional Unsubsidized Stafford Loan funds are available for students whose parents are not creditworthy or for students determined independent of parent by Department of Education standards. Federal Student Loan funds are released directly to the school in two or more disbursements via Electronic Funds Transfer (EFT) and applied directly to the student bill.

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.

Federal Direct Parent Loan for Undergraduate Students (PLUS)

Available to creditworthy parents who want to borrow for their undergraduate children's education. Students must be enrolled at least half-time. A Master Promissory Note (MPN) is required in addition to the submission of the FAFSA. The loan amount can be up to the cost of attendance minus other financial aid received. PLUS Loan funds are released directly to the school in two or more disbursements via Electronic Funds Transfer (EFT) and applied directly to the student bill. Repayment begins 60 days after the loan is fully disbursed for the academic year, although deferment options are available.

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:

http://www.elmselect.com/

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.