Bulletin of McMurry University, 2005-2006 Page: 22 of 164
159 p. ; 28 cm.View a full description of this book.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
FINANCIAL ASSISTANCE
McMurry does not admit students on the basis of their ability to pay.
Rather, it searches for the most qualified and accomplished students it
can find. After admission, the University Financial Aid Office works with
students and parents to make a McMurry education possible. This
assistance comes from a variety of forms, including federal, state,
private, and institutional (provided by McMurry University) sources.
General regulations for participation in any of these forms of financial
assistance are as follows:
1. Students must be enrolled half time to be eligible to process
loans. Half-time enrollment means a minimum course load
of 6 credit hours per semester. In some instances a student
may qualify for a Pell Grant with less than half-time
enrollment.
2. Institutional scholarships require full-time enrollment
(unless specified) of a minimum of 12 credits and available
only for the fall and spring semesters. Student teachers or
students who do not have 12 credit hours remaining to
complete their degree in their final semester will have their
institutional scholarships pro-rated.
3. At least a 2.0 grade point average is required for all
scholarships.
4. A student may receive only one tuition or academic
institutional scholarship. If a student qualifies for two, he/she
may receive the scholarship that has the larger dollar value.
5. To receive financial aid, students must meet the minimum
requirements for continued enrollment as listed in the
catalog and complete 75% of all work attempted.
6. All awards are made only upon proper application each
academic year. If there is similar financial need and if funds
are available, students may expect financial assistance to be
renewed upon application, if they remain in good academic
and personal standing throughout their four years at
McMurry and complete the required financial aid applications
by March 15 each year.
7. Students may not receive institutional scholarships that are in
excess of the amount charged for their tuition and fees.
8. Institutional scholarships may not be used for intercollegiate
classes with the exception for students enrolled with the
School of Nursing.
9. Students receiving scholarships must meet the stated
minimum requirements for clear admission both in class rank
and test scores.
10. No McMurry scholarship is awarded on the basis of athletic
ability.
11. All aid is awarded on a funds available basis. To apply for
financial aid, students and their parents should submit a
Free Application for Federal Student Aid (FAFSA) to the
Federal Student Aid Program by March 15th . The FAFSA
may be obtained from the High School Counselor or
completed on line at www.fafsa.ed.gov. Students entering
pre-professional programs such as Nursing should contact
the Financial Aid Office for specific financial aid and
scholarship programs. For additional information or specific
deadlines and how to apply for aid, contact the financial aid
office.
12. Under no circumstances will a student be eligible for financial
aid after 12 full-time semesters at McMURRY.
13. Institutional Funds that are restricted to tuition only will be
based on the percentage of tuition refunded. For example, if
tuition refund is 75%, the student may keep 25% of the
scholarship. Scholarships not restricted to tuition will be
based on the percentage of the semester completed up to
the 50% point of the semester. After the 50% point, the
student may retain all of the scholarship.
14. Students receiving McMurry institutional scholarships,
awards or grants may only use these funds for tuition costs
resulting from courses taken at McMurry. Exception to this
policy are students enrolled from McMurry in the Abilene
Intercollegiate School of Nursing. Students enrolled at
Hardin-Simmons or Abilene Christian University under our
Intercollegiate Enrollment program assume the total cost oftuition charges at that respective university, with institutional
financial aid prorated for courses taken at McMurry if student
falls below full-time.
FEDERAL GRANTS
McMurry University participates in all three Federal Grant Programs-
The Federal Pell Grant which is an entitlement program, the Federal
Supplemental Education Opportunity Grant (SEOG) which provides
assistance to qualified undergraduate students who show financial
need, and the State Student Incentive Grant (SSIG) which is a Federal
grant program that must be matched by a State Grant Program. All
three are need-based grants that are not repaid. To apply for these
grants the student must file the FAFSA.
STATE GRANTS
The Texas Tuition Equalization Grant (TEG) is a grant provided by the
State of Texas to residents of Texas who show need and who are
attending an approved independent college in Texas. This grant is to
help equalize the tuition difference between state-supported schools
and the independent colleges and universities of Texas. To apply for
this grant complete the FAFSA.
Toward Excellence Access and Success (TEXAS) program is a grant
provided by the State of Texas to residents of Texas who show need,
meet income and academic requirements. Both are need-based
grants that are not repaid. To apply for these grants the student must
file the FAFSA.
WORK ASSISTANCE
On-campus employment is provided by three sources. Texas College
Work Study and the Federal College Work Study Program provide
employment for students who show financial need in meeting
expenses; and McMurry University Work Program (an institutional work
program) provides employment for students who need not show
financial need. To apply for need-based employment students must
complete the FAFSA.
LOAN ASSISTANCE (to be repaid)
McMurry participates in the Carl D. Perkins Loan Program (Perkins
Loan), the Stafford Student Loan, College Access Loan (CAL), and the
Parents Loan for Undergraduate Students (PLUS). Students wishing to
participate in these loan programs should process a FAFSA to support
eligibility for the Perkins or Stafford. The McMurry Financial Aid Office
can direct a student to a lender for the Stafford and PLUS loans.
MCMURRY UNIVERSITY ACADEMIC SCHOLARSHIP PROGRAMS
McMurry Honors Scholarship- Five full tuition and fees scholarships
are available to entering first-time freshmen who are either in the top
5% of their high school graduating class or have scored a minimum of
27 on the ACT or 1200 on the SAT. A separate application and
personal interview are required. A faculty committee selects the
recipients. The scholarship is renewable for 3 years with a minimum
3.5 cumulative GPA and a 3.25 GPA in Honors classes. Contact the
Head of the Honors Program for information. This scholarship can,7ot
be received concurrently with any other McMurry University Academic
Scholarship except departmental honors scholarships.
Presidential Scholarship-First-time freshmen, with a 3.6 high school
GPA who score 27 on the ACT or 1200 on the SAT will receive a
$6,500-$8,000 scholarship. This scholarship is renewable for 3 years
with a 3.0 cumulative GPA. Students receiving this scholarship may
not receive any other institutional scholarship in excess of $1000
except departmental honors scholarships or music activity
scholarships.
University Scholarship- First-time freshmen, with a 3.3 high school
GPA who score 25 on the ACT or 1100 on the SAT will receive a
$5,000-$6000 scholarship. This scholarship is renewable for 3 years
with a 2.0 cumulative GPA. Students receiving this scholarship may
not receive any other institutional scholarship in excess of $1000
except departmental honors scholarships or music activity
scholarships.
Upcoming Pages
Here’s what’s next.
Search Inside
This book can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Book.
McMurry University. Bulletin of McMurry University, 2005-2006, book, May 2005; Abilene, Texas. (https://texashistory.unt.edu/ark:/67531/metapth86243/m1/22/: accessed April 28, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting McMurry University Library.