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Who gets financial aid?

June 12, 2013 · Posted by Barbara Trevino

 

People who are eligible for financial aid are those who can prove they are low-income and “need” aid. “Need” is a yardstick created by the federal government. Today’s yardstick says you are eligible for need-based financial aid if your annual taxable household income for a family of four is $35,325 or less (or $17,235 for just you alone). While you may be eligible for financial assistance, you must apply early, because aid is distributed on a first-come, first-served basis.

In addition to federal financial assistance in the form of grants, scholarships, loans, and work-study, most states provide a little help as well. Individual colleges also offer help if you meet certain standards. There are some private sources of aid—for example from foundations and businesses. The application process is complicated and time consuming, but often worthwhile in the end. If you need help filling out financial aid forms, contact the Educational Opportunity Center at www.uta.edu/EOC.

 

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Am I ELIGIBLE?

You are eligible if you meet ALL of the following requirements:

  • You are a US citizen or permanent legal resident (provide your A#)
  • You are 19 years or older
  • You live in Dallas or Tarrant County
  • You never earned a bachelor’s degree and want to start your studies in the next 6-8 months

Am I READY?

You are ready if you meet all of the following:

  • You know what interests you and what subjects you want to study
  • You are ready to fill out admissions and financial aid applications
  • You have support from family or friends for you plans to attend college
  • You can start your studies within the next 6-8 months