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How Financial Aid Works

So, how does financial aid work? You’ll apply to TXWES, submit your FAFSA, and, if admitted, get a financial aid package made up of all types of things (scholarships, grants, loans, etc.).

It looks a little different depending on what type of student you are—student-athlete, paying for college on your own, academic super genius, etc. No matter what kind of student you are, we're here to help.

 

How does financial aid work for you?

There are a lot of types of financial aid available to help you pay for your education. Check out the different types, how to qualify for each and more.

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Student Athlete

As a student athlete, you could be eligible for specific scholarships and financial aid for playing on a Texas Wesleyan sports team. The amount you could qualify for depends on several different factors–the team you are recruited to play for, athletic ability, your other financial aid awards, etc. Keep in mind you're also eligible for academic scholarships.

High Financial Need Student

Your eligibility for need-based financial aid is determined by the FAFSA. As a high-need student, you could be offered several types of need-based financial aid including the Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), Direct Subsidized Loan, and Federal Word-Study.

Super Genius

Do you have killer grades on your transcript? Texas Wesleyan offers scholarships to students like you who apply to the University and meet the academic requirements.

Freshman scholarships can range from $19,000–$23,000 per academic year. Transfer scholarships can range from $18,000–$22,000 per academic year. Additionally, these scholarships include funds to pay for summer classes as well.

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Music or Theatre Student

At Texas Wesleyan, music and theatre students are eligible for additional scholarships and financial aid through their specific program. Your scholarship award and amount could be determined by things such as ability, financial circumstances and more.

Graduate Student

So you're going back for more, huh? That's great! There's still financial aid available to help you get your graduate degree.

As a graduate student, you should start with filing the FAFSA. Even though there aren't as many opportunities, there are a variety of loan options to consider.

Keep in mind, there are borrowing limits when it comes to student loans. As a graduate student, the maximum you can borrow in Federal Student Loans is $138,500. This includes what you borrowed during your undergraduate degree.

Not sure what type of student you are?

Not quite sure if you fall into any of these categories? Do you fall into more than one category? That's ok. Take a look at all the different financial aid options available, how to qualify and more.

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Applying for Aid
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Texas Wesleyan policy prohibits students from receiving a refund of student grant/scholarship aid beyond the amount of tuition, general fees and technology fees. Texas Wesleyan reserves the right to reduce or cancel the amount of institutional funds awarded to students who receive other scholarship or grant assistance including athletic or departmental aid, institutional waivers or other benefits that are designated to cover tuition, general fees, and technology fees. Institutional aid may not be used to cover housing & meal plan expenses unless otherwise specified to be for housing and/or meal plan.

The institution prioritizes the application of grant/scholarship aid in the following order:

  • Federal Grants
  • State Grants
  • Institutional (Merit/talent based)
  • Institutional (Endowed/funded scholarships)*
  • Outside/third party scholarship funds*

*Outside/third party scholarship funds and endowed/funded scholarships may be refunded to a student, when it exceeds the amount of the direct costs of tuition, general fees and technology fees, after all other charges for the term on the account are covered.

Example 1:

          Semester Tuition & Fees  $19,916

Federal Pell Grant            $3,500

Merit based Aid                $10,500

Athletic Scholarship         $7,000

                Total                $21,000  

 In this scenario, the initial credit balance is $1,084 but institutional policy requires that the institutional aid be reduced by that amount to prevent merit/talent based aid from being refunded. The Athletic Scholarship will be reduced to $5,916.

 Example 2:

          Semester Tuition & Fees  $19,916

 Federal Pell Grant           $3,500

Merit based Aid                $10,500

Endowed Scholarship       $4,000

Outside Scholarship         $3,000    

                Total                 $21,000

In this scenario, due to the funding sources of the grant/scholarship aid, the $1,084 can be refunded to the student.

Example 3:

          Semester Tuition & Fees  $19,916

Federal Pell Grant           $3,500

Merit based Aid               $10,500

Athletic Scholarship        $7,000

Federal Student Loan      $1,750

                Total               $22,750  

In this scenario, the initial credit balance is $2,834 but institutional policy requires that the institutional aid be reduced by that amount to prevent merit/talent based aid from being refunded. The Athletic Scholarship will be reduced to $5,916 and the remaining $1,750 can be refunded to the student.