Catalog of Abilene Christian College, 1974-1975 Page: 23
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This loan may be used only for educational purposes.
The student is obligated to keep his lender
informed of changes in address, school, or student
status. After graduation or withdrawal from school,
the student must contact the lender and arrange for
repayment. The maximum grace period before beginning
to repay the loans is 12 months. However, it is to
the student's advantage to pay off this loan as soon
as possible. Interest costs are sharply reduced if the
loan is partially or fully prepaid.
Hinson-Hazlewood Texas Loan Program
[T.O.P.]
Eligibility:
Since this plan is a state-initiated program, it is
open only to legal residents of Texas. Too, loans may
be made only when there appears to be inadequate
family resources to meet the educational expenses of
the applicant. Applications for loans are made to
Abilene Christian College and are approved or disapproved
by its Financial Aid Officer.
Undergraduate: up to $1,500 a year; $5,000 maximum.Graduate and professional: up to $1,500 a year;
$7,500 maximum.
Repayment:
Begins nine months after you'cease to be enrolled
in college for at least a half-time course load. Repayment
periods may extend to 10 years at an interest rate
of 7% per year. Minimum payment required: $30 a
month plus interest payable to the Texas Opportunity
Plan Loan Fund, which is administered by the Coordinating
Board, Texas College and University System.
GRANT PROGRAM
Supplemental Education Opportunity Grants
Availability:
Outright grants of federal assistance to full-time
undergraduate college students of exceptional financial
need who show academic or creative promise.
Amounts:
Varies from $400 to $1,500 a year. Only after
other aid is shown to be insufficient is an SEOG to be
considered.
Texas Equalization Grant
a. A recipient of the TEG must:
1. Be a Texas resident (12 months).
2. Be enrolled as a full-time student (at least 12
hours).
3. Establish financial need.
4. Not be a recipient of any form of athletic
scholarship.
5. Submit Application.
6. Not be enrolled in a theological or religion
degree program.b. Maximum amount of of grant is $600 a year.
However, with limited funding smaller amounts are
usually awarded.
c. The TEG program will apply to freshmen,
sophomores, and juniors in 1973-74. Beginning in
1974-75 all undergraduate students will be eligible to
apply.
d. This program is dependent upon the State Legislature
providing sufficient funds.
Basic Educational Opportunity Grants
This program provides for the payment of Basic
Grant awards to students attending eligible institutions
of higher education. The maximum grant eligibility
for each student is $1400 less the amount the student
and his family can be expected to contribute toward the
student's education. The amount of this expected family
contribution is determined on the basis of a family
contribution schedule (ACT) developed by the Office
of Education.
THE SCHOLARSHIP PROGRAM
ACC awards an array of scholarships varying
from $100 to $550 per academic year, depending
on scholastic achievement and need.
Although the College's scholarship funds have
many different names, be sure to apply only for
a general scholarship application and the award,
if given, can be made from an available fund.
Scholarship Funds (See Appendix B)
Academic Scholarships
Type Four year total
National Merit Semi-Finalists ...............................$2,600
National Merit Commended Students .................. 2,600
ACT, 28 composite & over .................................. 800
ACT, 26-27 composite ............................................ 400
V aledictorian ....... ........ ...................................... 400
Salutatorian .................. ...................................... . 400
NOTE: The $2,600 National Merit scholarships include
working an average of 10 hours per week for the College
in some capacity. If work is not desired, the fouryear
scholarship is $800.
STUDENT EMPLOYMENT
You may want a part-time or full-time job
to assist in meeting your financial needs for college.
Many students find off-campus jobs in
Abilene businesses and approximately 600 are
employed by ACC each year. College employment
is of two basic types: students qualifying
for college work-study program and those paid
from the regular college budget.23
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Abilene Christian College. Catalog of Abilene Christian College, 1974-1975, book, November 1973; Abilene, Texas. (https://texashistory.unt.edu/ark:/67531/metapth46033/m1/26/: accessed April 28, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Abilene Christian University Library.