Catalogue of Howard Payne University, 1975-1976 Page: 17
222 p. : ill. ; 21 cm.View a full description of this book.
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FEDERAL AND STATE GRANTS Grants
Basic Educational Opportunity Grants (BEOG): Public Law 92-318
and the Educational Amendments of 1972 established a new program
of "entitlement" grants which may provide $1,400 to all students less
the family contribution as determined by a Federally approved need
analysis system, or one half the college cost, whichever is less. Basic
Grants will probably be made available to qualified students who were
not enrolled in a post-secondary institution prior to April 1, 1973.
Supplemental Educational Opportunity Grants (SEOG): This program,
formerly known as Educational Opportunity Grants, is reauthorized
by the enactment of Public Law 92-318 and the Educational
Amendments of 1972.
Eligible students may receive up to $1,500 per academic year, or
$4,000 during undergraduate work, depending upon the availability
of funds. Grants are made for one year only and students must reapply
in order that the institution can determine whether or not a
subsequent grant can be made.
Tuition Equalization Grants (TEG): Tuition Equalization Grants
were authorized by Texas Senate Bill No. 56, Sixty-second Legislature,
Regular Session, 1971, to provide grants to Texas residents enrolled
in approved private Texas colleges and universities. These grants help
to equalize the tuition cost between private and public schools with
the intent that students will be encouraged to enroll in private colleges
to maximize the utilization of existing college and university facilities.
Grants are based on financial need, and depending upon the availability
of funds, students may receive up to $300 per semester or $600 per
academic year.
FEDERAL AND STATE LOAN PROGRAMS
National Direct Student Loans (NDSL): This Program, formerly
known as the National Defense Student Loan Program, was authorized
by the enactment of Public Law 92-318 under the Educational Amendments
of 1972.
Loans may be made to eligible students in any combination not to
exceed $2,500 in the first two years of undergraduate study and not
to exceed $5,000 for all undergraduate work.
There are certain cancellation benefits to borrowers who perform
teaching service to the physically and/or mentally handicapped, as
well as those employed in designated schools located in low socioeconomic
areas. Also, some cancellation benefits are provided for
combat veterans who have borrowed from the NDSL fund.
Borrowers begin repayment of their loans after a period of nine
months following graduation, termination, or after ceasing to be at
least a half-time student. Minimum monthly payments of $30 are17
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Howard Payne University. Catalogue of Howard Payne University, 1975-1976, book, 1975; Brownwood, Texas. (https://texashistory.unt.edu/ark:/67531/metapth46504/m1/19/: accessed April 28, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Howard Payne University Library.