We recognize that the financial aspects of going back to college can be challenging to understand. At St. Edward's, we strive to provide the guidance and help you need. You’ll be paired with a St. Edward’s financial services advisor who will work with you throughout your time at St. Edward’s — answering questions and informing you about payment plan options.
1. Apply for Admission to St. Edward's
If you have questions about financial aid prior to applying for admission, please contact Student Financial Services at 512-448-8523.
2. Complete the FAFSA
Go online to the U.S. Department of Education to complete your FAFSA. The Free Application for Federal Student Aid (FAFSA) asks questions about a family's income and assets to determine an Expected Family Contribution, or EFC. Make sure to list the St. Edward's federal school code, 003621, in the school release section.
You will receive an email acknowledgement from the Department of Education. (If you do not receive a response within 48 hours, contact the Federal Student Aid Information Center at 800-433-3243. St. Edward’s should receive your FAFSA results within a week. In our student portal, myHilltop, you can track when we receive your FAFSA information.
3. Notification of Awards
After you’re admitted and have provided all the required awarding documents, you’ll receive an award email. You’ll view and accept the aid offer, and complete any additional requirements to secure your aid offer in myHilltop.
Grants and Loans
When you file your Free Application for Federal Student Aid, or FAFSA, you will automatically be considered for the following federal financial aid options.
Grants do not require repayment, while loans do require repayment.
Federal Pell Grant
Available to students (U.S. citizens and legal residents) who show financial need according to the Free Application for Federal Student Aid (FAFSA). Annual awards vary widely ($555 to $5,550 for full-time study). Award amount is determined by the student's Expected Family Contribution (EFC) as calculated from the FAFSA. Pell Grant funds are sent directly to the school and applied to the student’s bill.
Federal Direct Student Loans
All eligible students can borrow through the Federal Direct Student Loan Program, designed specifically for college students. This low-interest loan program allows you to defer payments while you are enrolled in a degree/certificate program for at least six credit hours, with repayment beginning six months after you graduate or drop below half-time enrollment status. Students must remain in good academic standing with a minimum GPA of 2.0, and successfully complete 75% of their courses each academic year.
Note: If you accept one of these loans, you must complete a Federal Direct Loan Promissory Note and complete a debt management session in addition to filing a FAFSA.
Private Education Loans
St. Edward’s also maintains information on a number of alternative loan programs. Repayment of most of these loans can be deferred while you are enrolled at least part time. Plus, you don’t need to complete a need-analysis form, like the FAFSA. You just need to pass a standard credit check or have a co-signer on your loan.
Assistance Programs for Veterans
If you are a veteran of the U.S. Armed Forces, you may be eligible to use your VA Educational Benefits at St. Edward’s. (Hazlewood benefits cannot be used because of our private university status.) We can help determine your eligibility and answer any questions you might have at 512-448-8523 or veterans [at] stedwards.edu.