Click on each heading below to learn more about awards you may see in your undergraduate award package.
Institutional Scholarship Renewal requirements
Information on finding work and how funds are issued.
Information on federal, state, and institutional grants
Learn more about federal loans and link to the Private loan page.
- If you are the recipient of any type of award from a source other than the University of Dallas, you must report it to the Financial Aid Office as soon as possible so that arrangements can be made for appropriate credit. An adjustment in your award package may have to be made according to guidelines of the program.
- If you are a recipient of a full-tuition award from the University of Dallas and also receive an award from an outside source, reduction of the University’s full-tuition award will be made in accordance with organization requirements.
- It is university policy to reduce full tuition awards to avoid placing an added tax burden on you and your family. If the total award amount from all sources is greater than the total cost of attendance, the difference will be taxed by the government as income. If you receive a scholarship from an outside source that requires specific billing from UD, you must notify Student Account Services of your scholarship donor and the full address in which to send the statement of charges.
- If you receive financial aid funds from the University of Dallas and subsequently withdraw or terminate your enrollment for any reason during the award period, you may be required to repay all or part of the aid you received that semester. An evaluation will determine if you qualify for a tuition refund or if you will be required to return all or part of the aid you have already received back to the University.
Achievement-based scholarships are applied directly to your cost of attendance and never have to be repaid. The Office of Admission reviews applications to determine initial scholarship eligibility.
Students must show that they have maintained full-time academic status each semester, enrolling in a minimum 12 credits each semester. In addition, students must always meet Satisfactory Academic Progress requirements and must not be on financial aid suspension at the end of any term.
National Merit Scholarship
Need-based grants are applied directly to your cost of attendance and never have to be repaid.
The federal PELL Grant and SEOG are awarded based on financial need as demonstrated by the result of the FAFSA. The actual amount of the award may be based on the number of hours enrolled. These grants are based on your being enrolled for at least 12 credit hours each semester, and adjustments to your grants may be made after classes are in session and your actual number of credit hours is determined.
TEG is a need-based grant for Texas residents attending private colleges, such as the University of Dallas. The University of Dallas reserves the right to interchange awards for the maximum benefit of the student. Eligibility is determined by the results of the FAFSA and by additional requirements of the Texas Higher Education Coordinating Board, which may include, but are not limited to, major course of study, total family income, completion of 24 credit hours in the preceding academic year, and maintaining Satisfactory Academic Progress.
The availability of these awards is subject to funding by the State of Texas.
TEG Renewability Requirements:
To be considered for a Tuition Equalization Grant in the next academic year, you must:
Submit a completed FAFSA with demonstrated need, AND
Have a minimum cumulative GPA of 2.500, AND
Have earned 24 hours between September and August of the previous academic year.
These grants or awards are based on financial need as demonstrated by the result of the FAFSA. UD reserves the right to change institutional grants and awards with specific endowment funds as needed. These changes will be instituted and reported to Student Account Services.
This program is neither a grant nor a loan, but an opportunity to earn a certain amount of money each semester directly through employment in approved Federal Work Study positions.
Federal Work Study (FWS) is a need-based program available to undergraduates at UD only; eligibility is based on federal guidelines. The FWS amount in your Financial Aid Award Package indicates the maximum amount of FWS income you are allowed to earn in a given year if you apply for and are hired for an approved FWS position. A FWS award does not guarantee you FWS employment, nor does it obligate you to obtain a FWS job. You must be enrolled at least half-time to be eligible for FWS.
This need-based program amount will NOT show on your student account. If you are offered FWS, this amount will appear on the Financial Aid Award Notification, however, it will not appear on Student Account Services statement. Student Account Services cannot use this amount to determine your balance since this award is based on hours worked, and UD cannot require students to relinquish paychecks for balances owed.
While employed with a work study position, you will receive a bi-monthly paycheck for actual hours worked. FWS employment is available on a first-come, first-served basis. The maximum number of hours you may be eligible to work is 12-15 per week. All students on FWS must maintain Satisfactory Academic Progress and be enrolled full time.
If you were offered a FWS award and wish to take advantage of this opportunity, you must complete the Student Employment Information and Agreement. It is highly suggested that you access the Student Employee Handbook and forms HRwebsite for additonal information. Additional paperwork for employment may be necessary.
Unlike grants, loans from any source must be repaid at some point. Most government loan programs offer low interest and/or deferred interest payments. Most do not require re-payment of the principle and accrued interest until you graduate or cease to be enrolled at least half-time.
Subsidized and Unsubsidized Federal Direct Loans
Subsidized and Unsubsidized Federal Direct Loans are low-interest loans that help eligible students pay for their education. This program enables you to borrow directly from a the federal government. You must be enrolled at least half-time to apply. The loan amounts are determined by the results of the FAFSA. Repayment on Subsidized and Unsubsidized Direct Loans begins six months after you are no longer enrolled at least half-time or leave school completely.
Subsidized Federal Direct Loans are based on financial need as determined by the FAFSA. The federal government will pay the interest on the subsidized loan as long as the student remains enrolled at least half-time. The interest rate is variable (the current rate is 3.86%) and is adjusted in July of each per federal guidelines. The rate is capped at 8.25%.
For Unsubsidized Federal Direct Loans, the interest starts to accrue as soon as the loan is disbursed to you. The current interest rate is 3.86%. The interest must be paid by you during enrollment periods. You may defer interest payments on the unsubsidized loans as long as you continue to be enrolled at the University at least half-time.
If you are borrowing loans at the University of Dallas for the first time, and if you accept a subsidized and/or unsubsidized loan, you must complete a Master Promissory Note (MPN) and undergraduate-level Entrance Counseling. Complete both at www.StudentLoans.gov for the Direct Loan program. If you are a continuing student at the University who participated in the Federal Direct Loan program during a previous academic year, you do not have to complete an additional MPN or Entrance Counseling.
Parent Loan for Undergraduate Students (PLUS)
PLUS loans are made to the parents of dependent students to assist them in paying for post-secondary education. A FAFSA must be completed in order to receive PLUS loan funds. PLUS borrowers may receive an amount up to their dependent child’s cost of education minus other financial aid, including federal Subsidized and Unsubsidized Direct Loans, and Perkins Loans. Parent borrowers are subject to a credit evaluation. (If a PLUS loan is denied to your parents, as a dependent student you may be eligible for an additional amount of an Unsubsidized Direct Loan). The current interest rate on the PLUS loan is 6.41%.
Repayment of a PLUS loan begins within 60 days of the final disbursement, unless the parent borrower qualifies for deferment. Interest must be paid or capitalized (added to the principal) if payment is deferred. To determine eligibility for deferment, the borrower must contact the lender.
Please see the Private Loan information page for lender options and comparisons.