Friday, May 22, 2015

Texas Legislators take aim at financial aid programs for college students - TERESA MCUSIC, Star-Telegram

New college freshmen in Texas universities will likely not be seeing some popular forms of financial aid from the state in their packages this year. The Top 10% Scholarship Program for those in the top 10 percent of their high school graduating classes has been cut in both the Senate and House versions of the state budget. Likewise, the B-on-Time loan program, which offered zero-percent interest and loan waivers to those who graduated in a timely fashion with a “B” average, has been slated to be phased out with no new awards to entering freshmen. In addition, the Hazlewood Legacy tuition waiver program for Texas veterans and their children has been severely curtailed with new restrictions placed by the state Senate earlier this month

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