Financial Aid

Frequently Asked Questions

How do I apply for Financial Aid?

Fill out the Free Application for Federal Student Aid (FAFSA) application online: www.fafsa.ed.gov.

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What’s Texas A&M - Central Texas school code for FAFSA?

003631. Please note the school code 003631 will be listed as Tarleton State University, Stephenville, TX, and this is the correct code for A&M - Central Texas.

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What are my chances of receiving financial aid?

The only way to determine your eligibility for financial aid is to submit a Free Application for Federal Student Aid (FAFSA). The likelihood of receiving some form of financial assistance is probably better than most students and their families anticipate.

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What is the deadline to apply for financial aid?

To receive maximum consideration for aid, the FAFSA must be received by the institution for processing prior to April 1 each year. Students requesting scholarship consideration must submit their requests to the Scholarship Office prior to February 15 of that year.

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Is there a maximum income level that will disqualify me from receiving financial aid?

Most people have the misconception that income is the only factor in determining need for financial aid assistance. However, other variables are considered such as: family size, number of family members in college, age of older parent, savings, investments, and various other allowances to the family's income and assets.

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Are there other forms that I can fill out in order to be considered for any other grants?

The FAFSA is the only application required in order to be considered for all grant programs available through processing by the financial aid office. Notification of all eligible programs will be provided in the form of a printed award letter listing the types of aid you can expect to receive for the school year. For summer financial aid consideration, you must fill out an office application. These can be found online or in the financial aid office.

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In order to receive financial aid do I have to apply every year?

Yes. In order to receive consideration for eligible programs you must file a Free Application for Federal Student Aid (FAFSA) each year. File the FAFSA as close to January as possible. For speedy processing you can apply over the Internet at: www.fafsa.ed.gov.

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What happens if I drop a class?

If you drop a class prior to the census date, you may be responsible for repayment of the difference between the amount of money you received and the amount specified for the new enrollment status. If you drop a class, you must make sure you remain in compliance with our Satisfactory Academic Progress (SAP) policy.

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What happens if I withdraw?

If you withdraw completely or drop below 1/2 time status, you may be responsible for repaying money received from financial assistance. You will be academically ineligible for financial aid if you return to school and fail to remove all academic deficiencies. Your grace period begins to count down and if you fail to enroll within 6 months, the repayment will begin on your student loans.

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Will the financial aid transfer from one school to another?

No. Financial aid does not transfer from school to school. Student planning to transfer to another school should contact the Financial Aid Office at both schools to find out what is required.

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What is verification? And why was I chosen?

You should save all records and all other materials used in completing the application because you may need them later to prove that the information you reported is correct. This process is called verification. Many students are selected for verification randomly by the federal processor. However, verifications are also chosen due to mistakes and important data missing on the form such as those questions pertaining to income.

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Why is the maximum amount of loan money limited?

Students applying for the Federal Stafford Loan are subject to annual and aggregate loan limits that are based on the academic level, dependency status, and length of the academic program. The Federal Family Education Loan Program (FFELP) presets the Stafford Loan limits.

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Do other resources limit the amount of financial aid I receive?

Yes. Other resources like scholarships, VA benefits, tuition assistance, etc. will limit how much loan monies you qualify for. Every student has a budget limit that is based on average expenses a student will incur while attending Texas A&M - Central Texas. If a student goes over this amount, their loan amounts will be reduced or sent back to their lender.

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What if I am taking courses at another school at the same time as A&M - Central Texas?

Often students enroll simultaneously at A&M - Central Texas and a community college and want to combine the hours at both institutions for financial aid purposes. It is possible to receive financial aid under these circumstances as long as certain requirements are met. In order to receive financial aid for study at an institution other than A&M - Central Texas, please see the consortium agreements. At this time, we only offer the consortium agreement with Central Texas College and Temple College.

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