Grants & Scholarships
The university considers all full-time students in the Undergraduate College who submit a Free Application for Federal Student Aid (FAFSA) for the following need-based funds:
St. Edward's University Grants
St. Edward's University grants are available to students (U.S. Citizens and legal residents) who show financial need according to the Free Application for Federal Student Aid (FAFSA). Each year, the university provides a significant volume of grants to offset tuition. In 2019-2020 students at St. Edward's were awarded more than $88 million.
Texas Tuition Equalization Grant (TEG)
This need-based grant is offered to eligible full-time undergraduate students who are Texas residents. Students who receive athletic scholarships are not eligible to receive TEG assistance.
Federal Pell Grant
This grant is offered by the U.S. Department of Education. Eligibility for this grant is determined by the department and is based largely upon income, family size, and asset information.
Federal Supplemental Opportunity Grant (SEOG)
This federal need-based grant is offered in limited numbers to eligible full-time undergraduates who receive the maximum Pell Grant.
University and state grants along with university scholarships are offered for a maximum of four years (8 semesters) of full-time enrollment to eligible students who enter as a freshman and up to a maximum of three years (6 semesters) of full-time enrollment to eligible students who enter as a transfer. Exceptions: graduating seniors in a final semester of a program and students with approved modified status through the Office of Student Disability Services.
St. Edward's University competes in the Heartland Conference and is a member of NCAA Division II. Scholarships are provided for men's and women's basketball, cross country, tennis, soccer, golf, and cheerleading. Additionally, there are men's scholarships for baseball, and women's scholarships for softball and volleyball. Contact coaches by calling the St. Edward's Athletic Department at 512-448-8480.
A Theatre Scholar receives a scholarship ranging from $1,000 to $5,000 annually for up to four years. Students must major in Theatre Arts to be eligible and must maintain at least a cumulative 2.5 GPA.
Criteria: Students are selected base don their demonstrated talent in one of four areas:
- Theatre Management
- Technical design and direction
Application and Deadline
Auditions for these scholarships are held at St. Edward's in late February or early March. If you're interested, make sure you apply for admission first. Email an admission counselor if you have questions about auditions.
St. Edward's University students have the opportunity to participate in Air Force and Army ROTC through the University of Texas at Austin. Each ROTC program offers numerous scholarship opportunities. Some participants receive a full-time scholarship and a book allowance, as well as a monthly stipend.
Applicants should contact Air Force ROTC at 512-471-1776 or Army ROTC at 512-471-5919 for further information.
Many of our families use educational loans to help finance the cost of their student's educational expenses in lieu of higher interest credit cards or short term payment plans. The federal loan programs, in particular, provide easy eligibility criteria, deferment of payments while enrolled, extended repayment periods, flexible repayment options, and low, fixed interest rates.
Federal Direct Student Loans
The Department of Education provides federal direct student loans for degree-seeking undergraduate students. These non-credit-based loans feature low, fixed interest rates, as well as deferment of payment during periods of at least half-time enrollment. Submission of a FAFSA (the Free Application for Federal Student Aid) is required to certify a student's eligibility to participate in this program.
The amount a student can borrow annually is primarily determined by the student's grade level:
|Freshman (0 to 29 earned hours)||$5,500|
|Sophomore (30 to 59 earned hours)||$6,500|
|Junior (60 to 89 earned hours)||$7,500|
|Senior (90+ earned hours)||$7,500|
|Freshmen (0 to 29 earned hours)||$9,500|
|Sophomore (30 to 59 earned hours)||$10,500|
|Junior (60 to 89 earned hours)||$12,500|
|Senior (90+ earned hours)||$12,500|
*Dependency status for federal financial aid purposes is determined by criteria set by law, and typically involve a student's age, marital status or degree program (bachelor's vs master's). If you were required to include parent information on your FAFSA, then you are considered a dependent student.
Subsidized vs Unsubsidized Direct Loans
Some students may qualify for a subsidized Federal Direct Student Loan where the Department of Education will pay the accruing interest on that loan while that student is enrolled in school at least half-time. A subsidized loan is awarded on the basis of financial need as determined by a student's FAFSA results in relation to the school's cost of attendance. Because need-based eligibility is largely tied to income, not all students qualify for a subsidized loan. However, these students can still borrow a comparable amount of loan through the unsubsidized program.
2019-2020 Undergraduate Federal Direct Student Loan Interest Rates*
*for loans first issued on or after July 1, 2019
Federal Direct Parent PLUS Loan
The Department of Education also provides an additional credit-based loan opportunity for parents of dependent undergraduates students which allows them to borrow up to their student's full cost of attendance minus other aid. Payment typically begins 30 to 60 days after full disbursement of the loan funds to the university, although deferment provisions are available for students enrolled at least half-time in a degree seeking program.
Completion of the Free Application for Federal Student Aid, a Federal Direct PLUS Loan Promissory along with a loan request form are required parts of the application process.
2019-20120Federal Direct Parent PLUS Loan Interest Rate: 7.079%*
*for loans issued on or after July 1, 2019
Private Education Loans
St. Edward's, in conjunction with Elm Resources, maintains information on a number of alternative loan programs offered through private banks and lending groups:
Because these are non-federal loans, each lender sets its own eligibility criteria, interest rates, processing fees, and repayment terms. Generally, students must meet fairly high credit standards to qualify on their own, so many students will need a credit-worthy cosigner in order to qualify. If approved, students can typically borrow up to their full cost of attendance minus any other aid the student is receiving for the period of attendance set to be covered by the loan.
Please note that a lender's inclusion in this list is not meant as an endorsement by the university, nor is it meant to limit your selection of a private education loan. These particular lenders have been included because:
- they have a proven track-record of reliable customer service;
- they offer competitive interest rates and repayment terms; and
- they utilize electronic processing compatible with the university’s financial aid management system ensuring consistent and timely delivery of loan funds.
However, the Office of Student Financial Services will certify an application for any private education loan regardless of whether the lender appears on this list or not.
Once you have decided upon a lender, please contact your Student Financial Services Advisor for information you'll need to provide as part of your application for the loan, including loan period, cost of attendance, and total amounts of other assistance.
St. Edward's University does not receive any form of payment or renumeration from lenders in exchange for inclusion on this list.