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.
When you file your Free Application for Federal Student Aid, or FAFSA, you will automatically be considered for these financial aid options.
Grants do not require repayment, while loans do require repayment. These options are only offered to students returning to St. Edward's and seeking their first bachelor's degree. Grants, work-study and loans are not available for other special categories of students (temporary, post baccalaureate, and non-degree seeking).
Federal Pell Grant
Available to students (U.S. citizens) 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 Supplemental Educational Opportunity Grant (SEOG)
Federal grant awarded to Pell Grant–eligible students who have demonstrated the highest calculated need from the FAFSA. Awards are applied directly to the student’s bill. SEOG is subject to availability.
Texas Tuition Equalization Grant
State-funded, need-based grant offered to eligible full-time undergraduates who are Texas residents. Students who receive athletic scholarships are not eligible to receive a TEG.
Federal and State College Work Study
Provides paid employment opportunities in various campus offices. Work-study awards are offered to students with demonstrated financial need. Students are paid at an hourly rate and receive pay every two weeks for the hours worked. The average college work-study award is $2,000 annually and is paid directly to the student. College work study is subject to availability. Please note that a work-study award is not a prerequisite for the majority of on-campus jobs. Numerous opportunities exist for students who do not qualify for this award.
Returning students seeking a first or second bachelor's degree may qualify for loans. Temporary and non-degree-seeking students do not.
Federal Direct Student Loan (Subsidized and Unsubsidized)
Subsidized Student Loan is awarded on the basis of financial need as determined by the FAFSA and the college's cost of attendance. The federal government pays the interest on the loan during enrollment of at least six credit hours per semester and during the six-month grace period after enrollment ceases. An Unsubsidized Student Loan is not based on financial need, and interest accrues from the time the loan is disbursed until it is paid in full. Annual loan limits under the Federal Student Loan program are: $5,500 freshman, $6,500 sophomore, and $7,500 junior and senior. Additional Unsubsidized Stafford Loan funds are available for students whose parents are not credit worthy or for students determined independent of parent by Department of Education standards. Federal Student Loan funds are released directly to the school in two or more disbursements via Electronic Funds Transfer (EFT) and applied directly to the student bill.
Federal Direct Parent Loan for Dependent Undergraduate Students (PLUS)
Available to creditworthy parents who want to borrow for their undergraduate children's education. Students must be enrolled at least half-time. A Master Promissory Note (MPN) is required in addition to the submission of the FAFSA. The loan amount can be up to the cost of attendance minus other financial aid received. PLUS Loan funds are released directly to the school in two or more disbursements via Electronic Funds Transfer (EFT) and applied directly to the student bill. Repayment begins 60 days after the loan is fully disbursed for the academic year, although deferment options are available.