Paying for FREE Financial Aid Services
Every year, around this time, students receive letters from various companies requesting them to fill out a Student Aid Profile Form. The letter continues to state the company will search for various forms of financial aid for them. There is usually a deadline associated with the services and students are normally charged anywhere from $40 - $120 for the data. Students should NEVER pay for these types of services! Students should visit with the Financial Aid Office at the college of their choice and request this type of service. There are many helpful websites that offer free information. The following link provides you with a few: CLICK HERE.
state Aid for 2014-2015
The UTB Application for State Aid (for House Bill 1403/SB1528 students only) is available HERE. Applications for State Aid will require IRS Tax Transcript(s) available from the IRS three weeks after you (and/or your parents) file the 2013 tax return and no earlier than February, 2014. Most state financial aid is awarded on a first-come, first-serve basis. It is recommended that you apply before the State Priority Deadline of March 15th.
PELL LIFETIME ELIGIBILITY USED
Based on new federal regulations, the amount of Federal Pell Grant funds a student may receive over his or her lifetime is limited to the equivalent of six years. The maximum amount of Pell Grant funds a student can receive each year is equal to 100%. Therefore, the six year equivalent is 600%. The new regulation states a student’s lifetime limit will begin when the student received their first Pell Grant award.
Example: A student attends college in 1984 and receives 100% of their Pell Grant funds for that year. Student does not return to school until 1992 and again receives 100% of their Pell Grant funds. The student has now earned 200% of their lifetime Pell Grant limit. This student would have 400% remaining.
ABILITY TO BENEFIT
Beginning with the 2012/2013 award year, new students must have a high school diploma, GED or completion of secondary school in a homeschool setting in order to be eligible for Title IV funds. Students will no longer have an option of passing an approved “ability-to-benefit” test or complete six credit hours of college work in order to become eligible.
Students who were enrolled in an eligible program of study before July 1, 2012 may continue to be considered for Title IV funds based on their approved scores from the “ability-to-benefit” test or their completion of the six credit hour criteria.
Important Notice to All Graduate Borrowers
Loan interest rates and fees Important Notice to All Graduate Borrowers As a result of The Budget Control Act passed on August 2, 2011, by Congress, the Department of Education will no longer be funding subsidized loans for graduate and professional students. Loans will still be available at UTB for Graduate and Professionals; however the student will be responsible for all interest accruing on the loan(s).
The Financial Aid Office would like to warn the UTB community of a potential email scam targeting UTB students. The subject line within the emails read: “New $2,000 Scholarship for UTB Brownsville Students” or “$10,000 UT Brownsville Student Scholarship.” The emails are not being generated by the Financial Aid Office. Please use caution when accessing the various websites. Official UTB financial aid scholarship notifications are sent through the following email accounts: FANEWS@utb.edu or firstname.lastname@example.org. Students should never pay a processing fee when applying for financial aid or scholarships.
Check your E-mail often:
Official and important UTB and TSC Financial Aid Office communications will be sent via e-mail, which students are expected to read in a timely manner. E-mails will be sent to the primary e-mail address provided by the student to the UTB and TSC Admissions Office. Use of the e-mail assigned by UTB and TSC is recommended, but students may, at their own risk, provide an e-mail issued by an outside vendor (i.e. Roadrunner, Yahoo, Hotmail, etc.). Undeliverable messages returned because of either a full inbox or use of a "spam" filter will be considered delivered without further action required by the UTB and TSC Financial Aid Office.
Fair Lending Practices - Code of Conduct
Click here! to learn more about Fair Lending Practices