The Shorthorn - Keeping Pace

Keeping Pace

Written by The Shorthorn editorial board

Thursday, 09 October 2008 09:12 PM

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Criteria for Maverick Promise
•Have a family income of $40,000 or less •Undergraduates must pay the in-state tuition rate
•Must qualify for the Texas Pell Grant
•Be admitted to university by April 1
•Submit application by April 1
•2.0 GPA
•Take at least 6 semester hours
Source: UT Arlington Financial Aid Website

Editorial Roundup
The issue:
The university raised the level of income eligibility from $25,000 to $40,000 for the Maverick Promise financial aid program.
We suggest:
Students should be aware of the change and apply in time for student loan relief during the economic crisis.

The university raised the income requirement for the financial aid program, Maverick Promise, from $25,000 to $40,000.
Students should take advantage of this opportunity and apply before the 2009 deadline to receive aid. With the economic turmoil our country is experiencing, additional aid for students will go a long way toward helping more people obtain a higher education.
Maverick Promise was started in 2007 and applies to all students enrolled in at least six semester hours, dependent or independent, transfer students, new students or students already enrolled who are receiving a Federal Pell Grant.
The university makes up the difference of total tuition not covered by the Pell Grant.
New students can receive the funding for up to five years and transfer students are eligible for three years. Students currently enrolled can use the program for up to four years.
More funds available for students will relieve pressure to work so many hours at outside jobs, which could lead to better grades with more time to study.
Those eligible for the Pell Grant should look into the Maverick Promise. The state gave 5,937 Pell Grants in 2007 amounting to more than $15 million with an average award of $2,538 per semester.
The Texas Legislature requires 20 percent of tuition increases be put aside for financial aid. The rest of the Maverick Promise comes from the federal level.
Texas A&M has the “Aggie Assurance” program with an eligibility limit of $60,000 income.
UT-Dallas has a guaranteed tuition program called the UT-Dallas Guarantee Tuition Plan and the UT-Dallas Tuition Promise.
The university may raise the income level from $40,000 to $60,000.

— The Shorthorn editorial board

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Last Updated ( Tuesday, 02 December 2008 03:04 PM )

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