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Financial Assistance
Have a Financial Aid Question? Visit us in room 145 or call 826-7595 today.
TYPES
OF FINANCIAL AID
a need-based Federal grant.
SEOG - a need-based, first come-first served
Federal grant for a limited number of Wayland students. You must be eligible
for a PELL on your Student Aid Report (SAR) to be eligible for this grant.
TEG -
a need-based, first come-first served
State grant. Must be enrolled in nine semester hours, and must be a Texas
resident. Student must have lived in Texas at least one year prior
to attending school.
STUDENT LOANS
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Subsidized Stafford - a need-based low interest-rate
loan (8.25%). The government pays the interest for you while you are in
school and for a 6-month grace period afterwards. If you are eligible for
this loan, you must be enrolled in at least 6 hours undergraduate level
or 3 hours graduate level to receive Stafford loans. Payments on this loan
may be deferred till 6 months after you graduate or are no longer enrolled.
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Unsubsidized Stafford - a non-need-based low
interest-rate loan (8.25%). The government will not pay any interest for
you; you may defer payment on this loan (interest as well as principle)
as well.
MINISTERIAL SCHOLARSHIPS -
these are limited scholarship aid given by the Baptist General Convention
of Texas for students who are called into full-time Christian ministry.
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Southern Baptist - Southern Baptist Convention
church worker or denominational worker. Pays $50 per semester hour for
undergraduate students, and $75 per semester hour for graduate students.
Degree plan must include a religion major or minor to qualify. Can
take from 3 to 22 hours.
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Ethnic Missions - working with Hispanic Churches
within the Southern Baptist Convention. Pays $27 per hour for 12 hours
or more with a max of $400.
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Texas Black Baptist - working with Black Baptist
Churches within the Southern Baptist Convention. Pays $33 per credit hour
up to a max of $266 per semester.
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Non-Southern Baptist - senior pastor or spouse
of senior pastor of a Baptist church. Pays $150 per semester
for fall, winter, and spring terms up to a max of $450 per year.
Must take a minimum of nine hours each term.
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Spouse or Dependent of Southern Baptist pastor
or denominational worker. Pays $190 per semester for fall, winter, and
spring, up to $500 per year. Must take a minimum of nine hours each term.
(If students missed the fall term they may be approved for winter, spring
and summer terms instead.
MILITARY RELATED ASSISTANCE
pays up to 100% of tuition
not to exceed the government cap. You will need to pay any remaining portion
at the time of registration, either in full or using the 3 Payment Plan.
TXNG-TAP -
Texas National Guard Tuition pays
$67 per credit hour for the number of hours approved. Contact (512)
465-5515, the Camp Mabry Education Services Office. Student must
bring to registration the completed TAP form with his or her name on it.
VA Benefits -
pays tuition and fees only.
VA pays the student, not Wayland, so you must pay at registration, either
in full or using the 3 payment plan.
VETERANS
you must have remaining eligibility
to receive VA benefits.
VA Chapter 31 Rehab -
for disabled veterans.
1556 -
for civilian employees on military
and government installations.
THREE PAYMENT PLAN-
pay 1/3 of tuition and all fees at registration. Second payment is due
30 days later, third payment is due 60 days later. A service charge of
$5.00 per course is assessed.
Tuition Management Systems
Interest-Free Monthly Payment Plan
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The Wayland Baptist
University Interest-Free Monthly Payment Plan administered by Tuition Management
Systems is recommended to help you budget for the payment of your educational
expenses and limit your debt. This plan allows you to spread your fall or
spring balance out over 2 interest-free monthly payments for a small enrollment
fee of $50, which includes Education Payment Life Insurance. This insurance
benefit provides payment for the remaining balance in the event of the death of
the bill payer. This plan is available through the Business Office.
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We hope that you
seriously consider the advantages of paying some or all of your balance
interest-free. This strategy is the most effective means of limiting your
debt. Feel free to contact Tuition Management Systems for Affordability
Counseling at 1-800-722-4867 from 8 a.m. to 10 p.m. weekdays, and 9 a.m. to 3
p.m. on Saturdays
http://www.afford.com/wbu/.
OUTSIDE ASSISTANCE
Check with your employer
to see if your company has a tuition assistance or reimbursement program.
If your company pays Wayland directly, regardless of your grades or whether
or not you complete the course, you may register with a voucher. If they
reimburse you after you submit your grades, you will need to pay Wayland
when you register.
MINNIE PIPER STEVENS FOUNDATION
maintains
a free library and computer database of reference information on financial
aid and scholarships. They are at 800 NW Loop 410, Ste 200. Phone number
is 525-8494.
Fast Web (scholarship search) www.fastweb.com.
For any questions, call 826-7595 and ask for Financial
Services, or if you prefer, email us at wbusa@wbusa.wbu.edu.
HOW TO APPLY FOR FINANCIAL AID
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FEDERAL and STATE AID -
the process to obtain Federal/State Financial Aid takes 8- 12 weeks to
complete. You MUST have an award letter before using Financial Aid at registration.
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Obtain the necessary application forms from the Financial
Services Office at 11550 IH 35 North. You can stop by and pick up a packet
or call 826-7595 to request one. If you pick up the Federal Application
(FAFSA) from your Education Services Office on base, you will need to contact
the Financial Services Office to get the other necessary forms.
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Submit the FAFSA included in the packet. It takes
4-6 weeks to get the results of that application. The results are in a
report called Student Aid Report (SAR).
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Bring your Student Aid Report (SAR) and all other
needed forms to the Financial Services Office.
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Once you have submitted your completed packet to
the Financial Services Office, you will receive a Financial Notification
letter (award letter) in 4-6 weeks.
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Bring your award letter into the Financial Services
Office to complete the process.
MINISTERIAL SCHOLARSHIPS
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For the following types of Ministerial Scholarships,
obtain the necessary application forms from the Financial Services Office
(call 826-7595 or stop by):
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Southern Baptist pastor or denominational worker
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Non-Southern Baptist senior pastor or spouse of senior
pastor
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Dependent or Spouse of Southern pastor of denomination
worker
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For Ethnic Scholarship, write to following address
to obtain an application: Baptist General Convention of Texas Attention:
Ethnic Missions Coordinator, 333 North Washington Dallas, Texas 75246-1798
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For Texas Black Baptist Scholarship, write to following
address to obtain an application: Baptist General Convention of Texas
Attention: Ethnic Missions Coordinator, 333 North Washington Dallas, Texas
75246-1798
MILITARY RELATED ASSISTANCE
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TUITION ASSISTANCE - Apply for Tuition Assistance
through your Education Services Office on your military installation.
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VA BENEFITS - Contact the Financial Services
Office to request the necessary forms. Turn in the completed forms
at registration.
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DD Form 1556 - Contact your Training Supervisor
to see if you qualify for 1556 funds.
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THREE PAYMENT PLAN - This option is available
upon request at registration; no prior application is needed.
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OUTSIDE ASSISTANCE - Obtain a voucher from
your employer or organization. If they pay you after you submit your grades,
you will need to pay at registration, either in full or using the three payment
plan.
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If GA/IVF is not submitted electronically and then the non-filer
must be completed and printed. The university will not have a
signature for this document.
Wayland offers
several payment options:
Credit cards
- VISA, MasterCard, Discover, and American Express are accepted.
A three payment plan
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One third is paid at time of registration plus all fees. A $5.00 fee per
class placed on the payment plan must be paid at the time of registration.
The remaining two payments are distributed over the next two months in
equal amounts. You may pay more than one third if you wish, however the
payment plan setup fee still applies. Employer tuition assistance is deducted
before calculating the payment plan. Example: You are taking one class
at $465, and you have no employer tuition assistance. The balance due is $465. This amount
is divided by three, and the $5 fee for using the payment plan is added.
At registration you would pay $160, and the remaining $310 would be paid
in two equal installments of $155 each over the next two months. If
your employer pays part of your tuition, then the three
payment amounts are adjusted accordingly. New students will have
to pay the $35 admission fee at time of registration as well. You may
incur an interest amount added to the amount due if you fail to pay off
the balance due on time.
Employer Tuition Assistance
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Military tuition assistance -
You must have your signed and approved TA form prior to registering for
a class. You will be responsible for paying any remaining amount. You may
use other tuition assistance such as loans and grants, or use the three
payment plan.
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Ft. Sam Houston - No changes may be made to
the TA form, unless authorized and initialed by the Ft. Sam Houston Education
Center counselors or staff.
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Air Force Bases - Class changes made be made
provided they do not change the monetary amount annotated on the form.
You are required to notify the issuing Education Center of any changes
made to the form. Randolph AFB requires a new TA form if any changes
are made.
DD Form 1556 - You
must present the completed DD Form 1556 at the time of registration. No
changes can be made to this form. (DD Form 1556 will not be accepted
after the 5th week of the term).
Civilian Employer Tuition Assistance -
If your employer pays Wayland directly, you will be required to present
a validated voucher or check at the time of registration. If your employer
reimburses you upon completion of the course or at some time after registration,
you must pay the amount due at the time of registration.
Veteran's Benefits -
We accept all forms of Veteran's benefits. Once you have provided the required
VA forms and register for class, the Financial Aid Office will certify
your enrollment and send the paperwork to the Regional VA Office in Oklahoma.
You should be prepared to pay for your school expenses for as long as three
months before VA will start to reimburse you. If you are using VA Chapter
31, Vocational Rehabilitation, the university will bill the VA office directly.
You will need to ensure that the VA has approved your Chapter 31 status,
and has sent the appropriate notice to the university prior to registering
for class.
Federal loans and grants
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You may be eligible for a federal loan or grant. To determine your eligibility
for a grant you must complete a free application for Federal Student Aid.
You may download this form by clicking in the box.
This form is available in the Financial Aid Office,
the Education Service Centers at various military bases, and it can be
downloaded from the Internet. You need to check with the Financial Aid
Office to ensure that you have submitted all the necessary forms.
All financial assistance must be approved prior
to registration. Stop by the Financial Aid Office to see if you are eligible
for assistance, or call (210) 826-7595.
Office hours are Monday through Friday 9 a.m.
to 5 p.m. except during registration. Please check with the office for
hours during registration. The office is closed weekends and university
holidays.
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