Page 59 - Texas Wesleyan Univ Catalog

Financial Aid 57
Federal Supplemental Educational Opportunities Grant (FSEOG)— This is a federally funded grant program based on established financial need. FSEOGs are available only to students who receive the Federal Pell Grant.
Tuition Equalization Grant (TEG)—This is a state-funded program for Texas residents based on established financial need. This grant is only payable on a full-time basis. A student must complete a minimum of 24 hours each academic year and maintain a cumulative grade point average of 2.5 for renewal of the grant each year. A graduate student must complete a minimum of 18 hours each academic year and maintain a cumulative grade point average of 2.5 for renewal of the grant each year based on eligibility of funds.
Wesleyan Grant—This is a Texas Wesleyan University-funded grant program based on established financial need and is non-renewable.
WORK STUDY PROGRAMS
Work-study provides jobs to students with financial need, allowing students to earn money toward education expenses.
Federal Work Study Program (FWS)—This is a federal program that provides funding for jobs to students who have established financial need and wish to earn a portion of their education expenses. Employment may be in various on-campus positions, at some off-campus community service organizations, or in various tutoring programs. Interested students must complete a student employment application and a job interview. A student must work to earn Federal Work Study wages. Employment is not guaranteed and all wages are paid directly to the student. Students receiving Federal Work Study must be enrolled full time and maintaining satisfactory academic progress. Students will not be allowed to work more than 20 hours per week.
LOAN PROGRAMS
Loans are borrowed money that must be repaid with interest.
B-On-Time Loan Program (BOT)—Limited funds are available from The Higher Education Coordinating Board (THECB) of the State of Texas from the Texas B-On-Time Student Loan Program. This is a 0% interest loan that can be forgiven if eligibility requirements are met.
Federal Subsidized Stafford Loan—Funding for this student loan is provided through the federal government. This loan program is based on established financial need. The federal government will pay the interest on your loan while you are in school and in certain other situations. This loan is only available for Undergraduate Students. Students are required to complete a FAFSA to be eligible for this loan. Students must also complete a Master Promissory Note and Entrance Counseling Form to receive the loan funds.
Federal Unsubsidized Stafford Loan—Funding for this student loan is provided through the federal government. This loan program is not based on financial need. The student is responsible for paying all interest that accrues from the date that the loan is disbursed. Students are required to complete a FAFSA to be eligible for this loan. Students must also complete a Master Promissory Note and Entrance Counseling Form to receive the loan funds.