Understanding your financial aid award
Financial aid comes in many forms, but they all do the same thing – help you pay for college. Your personal financial aid package makes it easy to see how affordable Texas Wesleyan can be.
You can accept (or reject) your aid online. Just go to your Ramlink account and look under the "Financial Aid" section. You can choose financial aid status by term and review your awards. You can accept or reject all of them at once or you can make a selection of individual awards.
Texas Wesleyan offers institutional scholarships, which means free money for you. The funds do not need to be repaid. You do have to meet the scholarship requirements, like maintaining a certain grade point average. You must accept all scholarships in your Ramlink account.
If you are a recipient of a Federal Grant, you are expected to complete the semester. If you withdraw from all of your classes prior to the completion of 60 percent of the semester, you may owe the federal government. Always check in with the Financial Aid Office before dropping any classes AFTER you have received your aid.
If you drop a course before the 12th day of class, your Pell Grant may be adjusted to reflect your enrollment.
A Teacher Education Assistance for College and Higher Education (TEACH) Grant can help you pay for college if you plan to become a teacher in a high-need field in a low-income area. You will be required to teach for a certain length of time, so make sure you understand your obligation.
TEACH is different from other federal student grants because it requires you to agree to complete four years of qualifying teaching as a condition for getting the grant. If you don't complete your teaching service obligation, the grant will turn into a loan that you must repay in full, with interest.
If you drop a course before the 12th day of class, your TEACH Grant may be adjusted to reflect your enrollment.
Students who have work study awards have the opportunity to work on campus. But you have to be quick — you only have 2 weeks from the start of classes to secure a job. After that, your work study funds will be removed for this academic year.
If you accept a student loan, you’ll need to repay the money after college. Before you can receive funds from a federal loan, you will need to sign a master promissory note (which says you will repay the loan) and complete entrance Counseling (which offers useful budget tips and helps you understand your financial responsibilities). To complete both forms visit studentaid.gov.
The U.S. Department of Veteran Affairs offers education benefits to help you pursue your education. To see if you are eligible, visit www.gibill.va.gov.