Types of Financial Aid
A grant is money set aside by both the state of Texas and the federal government for students who need it to pay for college. The most common federal education grant is the Pell Grant. Education grants do not need to be repaid.
Scholarships are a form of financial aid that does not need to be repaid. Scholarships are awarded on various criteria usually reflecting the values and purposes of the donor of the award. Scholarships can be based on merit, need, demographics, or career focus.
A student loan is designed to help students pay for tuition, books, and living expenses. Student loans may differ from other types of loans in that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is in higher education.
Federal and State Work-Study Program provide jobs for students with financial need, allowing them to earn money to help pay educational expenses. The program encourages community service work and work related to the course of study.
Employment opportunities for Lone Star College System students exist at each campus. Work study can be awarded to students with need who work on campus and who are paid according to the hours worked. Awards vary based on amount of need. Students awarded federal work study are not guaranteed a job, and work study earnings are not paid in advance so they cannot be used to pay the direct costs (tuition, books, etc.) of the semester in which they are awarded. The current pay starts at $7.25 per hour for up to a maximum of 19.5 hours per week for a total of 32 weeks (16 weeks during both the fall and spring semesters).
Work study employment cannot be awarded to a student if that award, when combined with all other resources would exceed the student’s need.
Each campus has a career service office that can also help you with other student job opportunities.
Financial aid is available to students receiving VA educational assistance. Contact your campus VA Financial Aid counselor and find out more information today. VA Financial Aid Counselors will assist you with scholarships, grants, loans, Hazlewood Act, Active Duty Military Tuition Assistance, and National Guard Tuition Assistance.
Exemptions are a type of financial assistance allowing some Texas residents to attend a public college or university in Texas without paying tuition or, in some cases, tuition and fees.
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