2006-2008 HBU Catalog - Houston Baptist University

esults will be transmitted to the Financial Services Office and the Central Processorwill send a corrected Student Aid Report (SAR) to the applicant.Renewal of Scholarships, Loans, GrantsApplication for federal financial aid must be submitted each year. The renewingand awarding of loans, scholarships, grants, etc. is based on the student’s currentfinancial need, availability of funds, academic policy and standards set forth bythe particular aid involved. Financial aid will be made reasonably available toall eligible student applicants as long as funds are available.Deadline DatesFinancial aid applications must be submitted by the following dates in order toreceive a financial aid award by registration:March 1 is the preferred deadline for applicants to submit the FAFSA to theFederal Student Aid Programs. All requested documents must be submitted byApril 15.How, When and Where To Receive Financial AidFinancial aid, with the exception of Federal College Work Study, is disbursed at thebeginning of each enrollment period. If the aid package is for a regular nine-monthperiod, one-third is disbursed at the beginning of each quarter. University policyrequires that all aid must be used first to pay general registration and maintenancefees, room and board or other institutional expenses. Financial aid is credited tothe student’s account first, and after direct costs such as tuition, fees, room andboard are met, any excess aid is disbursed by the Financial Services Office.GOVERNMENT GRANTSFederal Pell GrantsThis is the basic grant available to qualifying undergraduate students who have notearned a bachelors or professional degree. Funding comes from the federal government.All degree-seeking undergraduate students may apply by submitting the FreeApplication for Federal Student Aid. The annual maximum award is up to $4,050per academic year.Tuition Equalization Grants (TEG) or Other State GrantsThese grants are available to students who are Texas residents, full-time undergraduatestudents, and who demonstrate need. The annual maximum varies.Recipients of athletic scholarships or SERV aid are not eligible for the TEG.Nursing students who were awarded the TEG before 9-01-05 must enroll for aminimum of six hours per term. Non-Texas residents should apply for a grantin the state of their residency. Students should submit the Free Application forFederal Student Aid.Texas Grant ProgramThis award is available only to previous Texas Grant recipients. Limited funds areavailable and students must enroll in a minimum of seven hours per term. Recipientsmust meet our satisfactory progress policy and second year and above recipients mustachieve an overall GPA of 2.5 by the end of the spring quarter and complete at least75% of the hours attempted. Students should submit the Free Application for FederalStudent Aid.46 / Financial Services