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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

Need-based financial aid is money that you can get if you meet a certain financial need and other criteria–Meaning you can't get more financial aid than the amount you need. For example, let's say your university's cost of attendance (COA) is around $15,000 and your family's estimated family contribution (EFC) is $10,000, you can't be awarded more than $5,000 in need-based aid.

As a high-need student, you could be offered several types of financial aid from the government after filling out your FAFSA. This financial aid could include the PELL Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), Direct Subsidized Loan, Federal Perkins Loan and Federal Word-Study.

Super Genius

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

Freshman scholarships can range from $14,000–$21,000 per academic year. Transfer scholarships can range from $10,000–$16,000 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 the FAFSA. Even though there aren't as many opportunities, you could still be eligible for federal financial aid like Direct Plus Loans.

Keep in mind, there are borrowing limits when it comes to student loans. As a graduate student, the maximum you can borrow 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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