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Financial Aid
Grants
Grants are gift aid awarded on the basis of documented financial need. The partners who invest in your education include SMU, the federal government, and the State of Texas (for legal residents as specified by the state program). If you qualify for need-based aid, we award loans and employment opportunities, then gift aid. As a matter of SMU policy, the loan components of the aid package will increase as undergraduate students progress toward graduation. Grant aid may or may not increase.
SMU Need-Based
Grant for Undergraduate Students
Awards
•
Vary in number and amount
Funding
Partner
•
SMU
Eligibility
• Awarded on the basis of financial need demonstrated by
the CSS/PROFILE and the FAFSA as part of an aid
"package" after self-help and other gift aid are determined.
Funding is limited and may be reduced or unavailable for late CSS/PROFILE
and FAFSA filing or late completion of the aid application.
Federal PELL
Grant for Undergraduate Students
Awards
•
Vary in amount; awards range from $400-$4,050 in 2006-2007; number
unlimited
Funding
Partner
•
Federal government
Eligibility
•
Determined by the U.S. Department of Education based on analysis
of a student's completed Free Application for Federal Student
Aid (FAFSA); given only to the most needy students
Federal Supplemental
Educational Opportunity Grant Award
Awards
•
Up to $4,000; vary in number depending on allocation to SMU
Funding
Partner
•
Federal government; matched by SMU funds
Eligibility
•
Priority given to Pell Grant recipients; awarded as part of an
aid "package" to those who meet federal and SMU criteria
Tuition Equalization
Grant (TEG)
Awards
•
Vary in amount; awards up to $3,444 in 2006-2007; vary in number
depending on allocation to SMU and time of application
Funding
Partner
•
State of Texas
Eligibility
•
Must demonstrate financial need and meet the residency rules of
the Texas Higher Education Coordinating Board
Tate-Dickenson
Encouragement Fund
Awards
•
Limited in number and amount of award
Funding
Partner
• Tate-Dickenson Encouragement Fund
Eligibility
•
Must be a very needy person who is either a student or employee
of SMU or member or employee of Highland Park Methodist Church;
application may be made by notifying the scholarship coordinator
of the SMU Division of Enrollment Services.
