Photo by Jeremy Enlow

Financial Aid

The HPU financial aid staff works closely with families to best match you with scholarships, grants and loans. In fact, more than 90 percent of our students receive financial assistance. We put a lot of energy into identifying resources for our families. And when you call our financial aid staff for advice, you’ll get helpful answers instead of red tape.

For students entering the academic year of 2013-2014, your block rate tuition is $10,900 per semester. We have levelized payment plans and financing can be arranged. Our financial aid advocates will work hard to ensure that you receive the maximum amount of financial aid for which you qualify.

To find out more about how we can help you, call us at (325) 649-8020 or 800-880-4478, or e-mail financial-aid@hputx.edu.

Financing Your Education

Scholarships

Howard Payne offers a variety of scholarship opportunities for students. Considerations for scholarship recipients include academic achievements, leadership abilities, community and church involvement, field of study, personal goals and financial need.

Departmental scholarships are awarded by the individual departments and coordinated through the Office of Financial Aid. These scholarships are usually awarded on the basis of a student’s talent or academic potential. Click here to view a list of HPU scholarships (PDF). 

Grants

Federal Pell Grant: Federal government, must be a U.S. citizen with “need” as determined by the Federal Methodology. Available to undergraduate students. Awards range from $605 to $5,645 per academic year. The actual amount of the award may vary based on the number of hours in which the student enrolls. It is possible that Congress could reduce Pell funding and issue revised amounts.

Federal Supplemental Education Opportunity Grant (FSEOG)

Federal SEOG awards are limited gift resources available to undergraduate students with exceptional financial need who are eligible for the Federal Pell Grant. Available to undergraduate students enrolled at least half-time (6 credit hours). Award amounts range from $400 to $1,500 per academic year, based on the availability of funding.

Tuition Equalization Grant (TEG)

Available to students who meet the following criteria: 1) Texas resident, 2) attending a private college, 3) enrolled at least half-time, 4) not receiving an athletic scholarship, 5) not enrolled in a program that leads to a licensure to preach or a career in the ministry, 6) demonstrates financial need, 7) not receiving the Ministerial Scholarship. Limited funding. Students who are awarded TEG after September 1, 2005 must enroll at least 3/4 time, pass at least 24 credit hours each academic year and maintain a minimum cumulative grade point average of 2.50.

Financial Literacy

Financial Literacy is basic personal finance knowledge. Financial Literacy information can help students make good financial decisions that will affect their financial well being now and in the future. Some financial information that all students need is budgeting, debt management, credit basics, using credit cards responsibly and preventing identity theft.

Online resources for students seeking financial literacy basics can be found at http://www.aie.org/managing-your-money/. This site offers a variety of financial literacy tools designed to help students understand the basics of money management.