Financial Aid

Stafford Loans - A Stafford Loan is a low-interest loan made to a student who is enrolled or accepted for at least half-time enrollment in a degree or certificate program to help pay the cost of education. A participant lender such as a bank or credit union makes the loan. Students apply for the Stafford Loan by completing the Free Application for Federal Student Aid (FAFSA).

Texas Tuition Equalization Grant - The State Legislature through the Texas Higher Education Coordinating Board provides the TEG program, to help eligible students defray the cost of attending a private, accredited college or university in Texas. To be eligible, the student must be a resident of Texas and meet the Coordinating Board's family financial needs test formula. In addition, students must not be the recipient of an athletic scholarship or be enrolled in a theological or religious degree program. All Texas residents will automatically be considered based on the Free Application for Federal Student Aid (FAFSA) and a Texas Residency Affirmation. Amounts awarded are variable, depending upon eligibility, funds available, and annual limits as set by the Coordinating Board.

The Federal Work-Study Program - The Federal Work-Study Program is a federal program that provides part-time campus jobs for students whose Free Application for Federal Student Aid (FAFSA) documents a financial need. Work-Study assignments are based upon job availability and student skills. Students wishing to work should interview in the Work-Study Office, once their eligibility has been determined and their class schedule has been established. The Office of Academic Scholarships and Financial Aid make all job assignments. Priority in assigning jobs is given to students classified as full-time. Earnings depend upon the number of hours worked (maximum of 20 hours per week) and the current minimum wage rate. Students working on the Federal Work-Study Program are paid bi-weekly. On-campus job earnings are subject to federal income tax.

Private Alternative Loan Programs - Several organizations provide alternatives loans for Graduate education in addition to Federal Stafford Loans. To discuss options, please contact the Office of Academic Scholarships and Financial Aid.

Graduate Assistantships - Graduate assistantships are competitively awarded on the basis of GPA, GMAT score, work experience, demonstrated leadership, and cultural diversity. Assistantships include tuition remission and monthly stipends.

Baylor University