Types of Aid
(Financial Aid Programs)

GRANTS

 (do not require repayment)

     Federal Pell Grant: Need must be established by filing the FAFSA. Awarded only to undergraduate students who have not earned a bachelor's degree or professional degree (such as pharmacy or dentistry). Pell Grants provide a foundation of financial aid to which other aid may be added.

     Federal Academic Competitiveness Grant (ACG): Need must be established by filing the FAFSA. Awarded only to undergraduate students who are Pell Grant eligible; enrolled full-time in their first or second academic year of study; and, have graduated from a rigorous high school program of study. 

     Federal National Science and Mathematics Access to Retain Talent Grant (SMART): Need must be established by filing the FAFSA. Awarded only to undergraduate students who are Pell Grant eligible; enrolled full-time in their third or fourth academic year of study; major in mathematics, science, technology, engineering or critical foreign languages; and, have at least a 3.0 cumulative grade point average.

    Teacher Education Assistance for College and Higher Education (TEACH) Grant:  Not need-based but FASFA application is required; awarded to eligible students majoring in designated MSU Education programs.  Student must commit to a 4-year service obligation within 8 years of program completion and be a full-time teacher in a high-need field at a low-income school; failure to complete the service obligation will require repayment of the TEACH Grant under the auspices of the Unsubsidized Direct Loan Program. 

    Federal Supplemental Educational Opportunity Grant (FSEOG): Need must be established by filing the FAFSA. Available to eligible undergraduate students who have maximum need and are eligible for funds in addition to the Federal Pell Grant.

    Toward Excellence, Access, & Success Grant (TEXAS): Need must be established by filing the FAFSA. A state grant program available to Texas residents who graduated from a Texas high school no earlier than Fall 1998 and completed the recommended or advanced high school curriculum or its equivalent.

    Texas Public Educational Grant (TPEG) for Resident and Non-Resident Students: Need must be established by filing the FAFSA. Available to eligible students who have need and meet other eligibility requirements; may be received in addition to, or in place of, the Federal Pell Grant.

    Texas Public Educational Grant (TPEG) for International Students: Not need based per FAFSA requirements but need must be determined via MSU application process. Interested students should contact the International Program department or the MSU-FAO; selections are made by the TPEG International Grant Committee.

    Other Federal, State and Institutional Grants/Scholarships: Need must be established by filing the FAFSA. Available to eligible students in accordance with program and institutional requirements; may be received in addition to, or in place of, the Federal Pell Grant. These grants include:

       *SLEAP/LEAPGrant                                    

       *Student Property Deposit Grant                

       *5th Year Accounting Grant/Schol.   

       *FDR Grant/Scholarship     

       *DAR Grant/Scholarship               

       *Boren Grant/Scholarship

       *Texas Pioneer Foundation Grant/Scholarship
 
       *Texas Coordinating Board Nursing Scholarships

       *MSU Gold Scholarships

LOANS

(require repayment)

       Federal Subsidized Stafford Loan: Need must be established by filing the FAFSA prior to processing the loan's Master Promissory Note (MPN) and subsequent annual "serial" notes. The loan funds are obtained and disbursed through the FAO via Electronic Funds Transfer (EFT) in cooperation with the student's bank or other participating lending institution. Repayment of principal and interest begins after the student ceases to be enrolled on at least a half- time basis and a six-month "grace period" has expired.

       Federal Unsubsidized Stafford Loan: Not need based but eligibility must be determined by filing the FAFSA prior to processing the loan's Master Promissory Note (MPN) and subsequent annual "serial" notes. The loan funds are obtained and disbursed through the FAO via Electronic Funds Transfer (EFT) in cooperation with the student's bank or other participating lending institution. Student is encouraged to repay accrued interest during enrollment period(s); otherwise, repayment of accrued interest and principal begins after the student ceases to be enrolled on at least a half- time basis and a six-month "grace period" has expired.

      Federal PLUS Loan: Not need based but eligibility must be determined by filing the FAFSA prior to processing the loan's Master Promissory Note (MPN) and subsequent annual "serial" notes. Available to the parent of an enrolled, dependent student; graduate and professional students are eligible to apply as well. The loan funds are obtained and disbursed through the FAO via Electronic Funds Transfer (EFT) in cooperation with the student's or parent's bank or other participating lending institution. Repayment begins within 60 days from the date the loan funds are fully disbursed each year; principal repayment can be deferred under certain conditions and at the lender's discretion.

      TEXAS B-On-Time Loan:  Need must be established by filing the FAFSA.  Provides eligible Texas students with no-interest loans; if the student meets specified goals, the entire loan can be forgiven upon graduation.  Student must be a Texas resident, enrolled full-time and has graduated under the recommended high school program from a public or accredited private high school in Texas OR have graduated in the 2002-03 academic year or later from a high school operated by the U.S. Department of Defense OR have earned an associate's degree from an eligible institutuion no earlier than May 1, 2005. 

       Federal Perkins Loan: Need must be established by filing the FAFSA. At MSU, priority for the Perkins Loan will be given to students who maintain a minimum 3.0 cumulative grade point average and is seeking a Teaching or Nursing degree. Following a grace period, repayment of principal and interest begins after the student ceases to be enrolled at least half-time. The interest rate is 5% and is processed and collected through Panhandle Plains Higher Education Authority (PHEAA) in conjunction with the MSU FAO.

       College Access Loan (CAL): Not need based but eligibility must be determined by filing the FAFSA. Student must be a Texas resident and enrolled at least half-time. The loan plus other financial aid may not exceed the Cost of Attendance (COA) as determined by the University. Interest rate is determined by the Texas Higher Education Coordinating Board.

       Alternative Private Loan: Not need based. Offered as an alternative loan program when the student/parent is no longer eligible to receive the above-mentioned loans. Eligibility criteria varies among lenders; contact the MSU-FAO for complete details.

                                                                MSU PAYMENT PLANS
                                                                    (require payment)   

   Installment Plan:  a short-term payment plan which is administered by the MSU Business Office (940:397-4760) and can be used to defer payment of tuition and fees and/or on-campus room and board for the fall and spring semesters only.  The Installment Plan is NOT available during the Summer terms.  One-half (1/2) of the total amount is due at the time of registration; one-forth (1/4) is due prior to the start of the 6th week of class; one-fourth (1/4) is due prior to the start of the 11th week of class.  A $22.50 service charge is added to this payment.  The Installment Plan contract can be picked up at the MSU Business Office, or accessed and submitted on-line at https://webworld.mwsu.edu.  Students who do not meet the required first payment by the fourth class day of the semester will be invalidated from their classes.  Students invalidated for non-payment and who are registered in their classes will be assessed a $25.00 reinstatement fee and a $25.00 late registration fee.


    Emergency Tuition and Fee Loan (ETFL): A short-term loan which is administered by the MSU Business Office and allows the student to defer up to 100% of required tuition and fee expenses only (excludes on-campus room and board expenses and Property Deposit fee). A $22.50 loan origination fee and a 1% service charge are added to this loan. Repayment is due as scheduled during the semester or summer term(s) in which it is borrowed, or upon official withdrawal from the university.   After completing the ETFL Contract ONLINE at http://www.mwsu.edu/busoffice/paymentplans.asp, you will be able to print and sign a promissory note which must be delivered to the MSU BUSINESS OFFICE.  Since ETFL funds are limited, you are required to complete the Installment Contract before completing the ETFL Contract.

PART-TIME EMPLOYMENT

       College Work-Study: Need must be established by filing the FAFSA. Federal and state programs offer up to 20 hours per week of on-campus/off-campus employment. Early applicants have the maximum opportunity to receive college work-study funds as part of an overall financial aid package.

      Off-Campus/On-Campus Employment: Not need based. Interested students should contact the MSU Career Management Center at 940:397-4215, located on the second floor of the Hardin Administration Building, South Wing, for additional information.