Student Loans for Austin College
Austin College is a small haven of academia in the city of Sherman, Texas. Home to roughly 1,300 undergraduates, Austin College is affiliated with the Presbyterian Church and incorporates religious belief and practice in its mission as an institution of higher learning. Things are cozy at Austin College, with a student to teacher ration of 13:1, and there are no TAs, meaning every single class is taught by a professor. Austin College provides students with an intimate academic experience
Whenever you’re receiving financial aid, be it at Austin College or another school, there’s one basic idea to keep in mind: you’re being given money to afford an education, so don’t spend your already hard-earned cash on things you don’t need. Keep a really close eye on where and when you spend your money, and really try to make sure you keep any spending down to things that are absolute necessities.
Applying for Student Loans at Austin College
Austin College’s financial aid program only asks that applicants submit the FAFSA, or Free Application for Federal Student Aid. One form means the process doesn’t need to be all that complicated, and we can help you simplify it even more: check out our FAFSA walkthrough for tips on how to make filling the form easier.
Austin College Financial Aid Packages
98% of students receive Austin College financial aid, but that does not mean all these students are financially taken care of. In fact, a whopping 57% of all students at Austin College have private loans in addition to the money they received through the Austin College financial aid program.
If you’re in a situation similar to this, meaning you have financial aid but not quite enough to bridge the gap between the money you can afford to put towards college and the aid money you’ve been given, consider student loans as a stopgap measure. Federal student loans ought to be your first choice here, as they come at lower interest rates and with more favorable borrowing terms than private loans. However, they have much lower borrowing limits than private loans, so if you exhaust your federal loan options, turning to private loans is a good final way to cover the remaining balance of your tuition. If you’re looking for a private student loan or are ready to apply for one, use our Student Loan Comparison Tool right on this page.
There is a minimum cumulative GPA requirement that the Austin College financial aid office expects its students to maintain. Undergraduate students are required to maintain 2.00 GPA in order to receive aid. If the GPA drops below 2.00, students have a total of three semesters to bring it up before they become ineligible for financial aid. Graduate students are required to maintain a 2.85 GPA, and have two semesters before they become ineligible, while doctoral students are required to maintain a GPA of 3.00 and have two semesters to reach the required average before they are considered ineligible for Austin College financial aid.
Pay for Austin College*
|Total Avg. Cost||$41,334|
|Room & Board||$9,090|
|Financial Aid Information|
|Students Receiving Fin Aid||97%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$4,151|
|%Receiving Other Loans||57%|
Get into Austin College
Contact Austin College
|900 N Grand Ave
Sherman, TX 75090-4400(903) 813-2000
|Financial Aid Office URL|
|Admissions Office URL|
*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics