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Financial Aid Information
Financial Aid Programs
The university will determine appropriate student awards and issue award letters identifying the financial aid offered, based on an individual's application and eligibility. The university reserves the right to review and modify any award in response to changes in eligibility requirements or a student's enrollment or financial status; unsatisfactory academic progress; limited governmental funding; or unforeseen events. The Financial Aid Office assists students in financing educational expenses, but the applicant is responsible for determining, prior to Registration, if personal resources and financial aid awards will be sufficient to meet expenses. Students failing to demonstrate financial responsibility may be denied registration or barred from further attendance during the semester.
Federal Programs
(Eligible US Citizens and Legal Residents Only)
Federal Programs (Title IV Financial Aid)
Students enrolled in a degree program may be eligible for Title IV financial aid. Students should contact the Financial Aid Administrator for assistance in applying for federal financial aid.
Federal Pell Grant
The Federal Pell Grant program awards funds to qualified students seeking their first bachelor's degree. The program is based on need and other factors, with eligibility determined by the U.S. Department of Education (DOE).
Academic Competitiveness Grant (ACG)
The US Department of Education established a need-based grant program for undergraduate students who successfully complete a rigorous high school program as determined by the State or local education agency and recognized by the secretary of education.
Federal Supplemental Educational Opportunity Grant (FSEOG)
The FSEOG program awards funds to qualified students seeking their first bachelor’s degree. The university identifies FSEOG recipients, with awards going to students with the greatest need, as determined by the U.S. Department of Education.
Federal Work-Study Program (FWS)
In the FWS program, students with financial need, as determined by the U.S. Department of Education, work on campus or in community service.
Federal Stafford Student Loans
Loans, unlike grants or work-study, are borrowed money that must be repaid, with interest.
- Subsidized Stafford Loans provide low interest rates and are available to students who demonstrate financial need based on income and other information provided on the FAFSA. A credit check is not required to receive these loans. The federal government pays the interest on these loans until six months after the student is no longer enrolled in school at least half-time.
- Unsubsidized Stafford Loans provide low interest rates and are available to all students regardless of financial need. A credit check is not required to receive these loans. The student is responsible for the interest, which may be paid while the student is in school or accrued and then added to the principal balance when the student enters repayment. Loan repayment occurs six months after the student is no longer enrolled in school at least half-time.
University Programs
The university provides financial aid in the form of academic, unfunded, and performance scholarships; work-study awards; and other designated awards. Financial aid is based on demonstrated need and funds availability. Eligible students must be enrolled for at least twelve semester hours and maintain a 2.0 cumulative grade point average (GPA). Special effort is made to offer financial aid for the first year of study; however, first-year students receiving aid should be prepared for a decrease in funding in subsequent years.
Following are examples of university financial aid programs:
- Presidential Scholarships. Presidential awards to outstanding students.
- Work-study Programs. Performance-based work-study scholarships are awarded to qualified students. Students serve in various capacities at the university, including resident assistants, security team members, and in maintenance, dining, library, and office roles. Earnings are credited to the students account in payment of educational expenses, including tuition, fees, room and board, and books.
Other Programs
- CBF Textbook Scholarships. The Cooperative Baptist Fellowship provides funding for the award of scholarships for the purchase of textbooks.
- Hale-Moore Scholarships. The Hale-Moore Education Fund awards scholarships to eligible students who are active Christians (preferably Baptist), involved in a church and the community. A 3.0 GPA is required.
- Hurley Scholarships. The Ed E. and Gladys Hurley Foundation awards scholarships of up to $1,000 per year to eligible students studying to become Protestant ministers, missionaries, or religious workers.
- BGCT Ministerial Financial Assistance Program. The Baptist General Convention of Texas (BGCT) provides financial Assistance to first-year Texas Baptist students who are preparing for church-related ministries and vocations.
- Mary Hills Davis Ethnic/Minority Scholarship Program. The Mary Hill Davis Ethnic/Minority Scholarship Program provides grants to help worthy capable young people from ethnic /minority cultures receive a Christian education.
- Rehabilitation Assistance. The Texas Rehabilitation Commission may offer assistance for tuition and fees to handicapped students.
- Veterans Assistance. Students eligible for veteran benefits may contact the Veterans Administration at 1-888-442-4551 or the Financial Aid Office for information and application forms
- Financial Assistance from Other Sources. Scholarships, grants, and loans are provided for students by other agencies and organizations. The university is not an agent for the donor, and, where noted, application is made to the source. Financial aid provided by donors is administered by the Financial Aid Office in accordance with donor specifications.
For More Information:
Baptist University of the Américas
Financial Aid Office
210. 924. 4338 Ext. 214
aacosta@bua.edu
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