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- Jan 27, 2015

Recently, the Scholarships & Financial Aid office was made aware of a company targeting Texas A&M University students that is charging for assistance to fill out the FAFSA (Free Application for Federal Student Aid). The FAFSA is the only application form used to determine financial aid eligibility. Never pay a fee to determine whether you are eligible for financial aid. Likewise, reputable scholarship organizations do not charge a fee to determine your eligibility. We advise that students and parents contact Texas A&M Scholarships & Financial Aid with any scholarship and financial aid questions. You can reach us by calling our office at 979-845-3236 or by emailing us at financialaid@tamu.edu.



- Jan 13, 2015

The Student Employment Office and Scholarships & Financial Aid are pleased to announce that nominations for the 17th annual Student Employee of the Year Awards are now being accepted. Recognize your outstanding student employee by nominating him or her for this award. Nominations and all supporting documents must be received by the Student Employment Office by February 3, 2015 at 5:00 pm. To nominate your student employee, please fill out the nomination form here.

View the SEOTY PDF  for eligibility and more information.
 



- Dec 18, 2014

Texas A&M University is ranked in CollegeAtlas.org’s Encyclopedia for Higher Ed “2014 Best Colleges and Universities A-Lists” as a top-five best-value institution for in-state tuition and seventh-best based on tuition costs for out-of-state students. Both rankings are the best in Texas.

To view the full article, visit tamutimes.edu.



- Dec 05, 2014

Scholarships & Financial Aid has worked with EIS and ITS to create the mechanism to facilitate documenting student last date of attendance at an academically-related activity. Federal student aid regulations require the University to calculate financial aid earned by students with non-passing grades (F-Failing, U- Unsatisfactory, or I-Incomplete). Based on information obtained from course instructors, adjustments to or cancellation of financial aid awards may be necessary. This requirement applies to undergraduate, graduate, and professional students alike.

After grade submission whether through Howdy or eCampus, a link will be available within the Howdy Roster view (grade submission page) to select one of three Last Date of Attendance (LDA) options for students assigned non-passing grades (F, I, U):

  • Attended entire semester
  • Never attended/no attendance documented
  • Last date of attendance known (fill in date)

See Last Date of Attendance Entry via Howdy for step-by-step instructions




- Sep 09, 2014

Texas A&M University is required to verify that the financial aid recipients are eligible for the financial aid that has been awarded and disbursed to them by confirming beginning attendance in all courses.

To view the full policy visit, Student Aid Eligibility and Documenting Beginning Attendance.




- Jun 23, 2014

College affordability is currently a hot topic at national levels and work has been done that affects repayment options. Secretary of Education Arne Duncan spoke to a group of college students at a Town Hall on June 8. See the video below for excerpts from the conversation.

If you have questions about repayment and impact of these plans on you, you can call our office or your loan servicer.

Highlights from the College Affordability Town Hall - June 8th, 2014 Highlights from the College Affordability Town Hall - June 8th, 2014



- Jun 23, 2014

 A college education is still the best investment students can make in their future. It is also a critical investment that we can make as a nation. But right now, this important rung on the ladder to opportunity is slipping out of reach for many low- and middle-income families in America.

To view the full article, visit http://www.ed.gov/blog/2014/06/college-value-and-completion-righting-the-balance-on-the-side-of-students/.



- Jun 17, 2014

Interest subsidy during grace period
Subsidized loans first disbursed on or after July 1, 2014, will have the benefit of an interest subsidy during the grace period. The Consolidated Appropriations Act of 2012 suspended the interest subsidy on Direct subsidized loans during the grace period for loans first disbursed on or after July 1, 2012 and before July 1, 2014.

New Direct loan interest rates
Interest rates for Direct loans will increase slightly. For loans first disbursed on or after July 1, 2014, and before July 1, 2015:
 
Direct subsidized loans for undergraduate students 4.66%
Direct unsubsidized loans for undergraduate students 4.66%
Direct unsubsidized loans for graduate/professional students 6.21%
Direct PLUS loans for graduate/professional students and parents     7.21%

Income-Based Repayment (IBR) plan
New borrowers who receive a first disbursement of a Direct loan on or after July 1, 2014, who are eligible for the IBR plan will have a monthly payment that is no more than 10 percent of their discretionary incomes, with a maximum repayment period of 20 years. Borrowers with loans first disbursed prior to July 1, 2014, who are eligible for the IBR plan will have a monthly payment that is no more than 15 percent of their discretionary incomes, with a maximum repayment period of 25 years.

 



- Jun 16, 2014

Life can throw some unexpected curves at you. And when this happens, you often wind up with unwelcome expenses. In these hectic moments, it might seem impossible to think about your federal student loan payments, but that’s exactly what you should do.

To view the full article, visit ed.gov.



- Jun 09, 2014

President Obama signed a memorandum last week related to ‘income caps’ on student loan repayment amounts. The memorandum is aimed at supporting federal student loan borrowers, including those at risk of defaulting on their loans.

To view the full article, visit whitehouse.gov.


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