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Tuition and Fees |
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A college education is one of the most important investments a person can
make. TSTC Waco is committed to providing viding access to everyone who can
benefit from such an education. The fall 2011 tuition cost per semester hour
for a Texas resident is $97 for each Technical course credit hour and $82
for each academic course credit hour, in addition to a $46 designated
tuition charge per credit hour. Out-of-State Resident Tuition is $254 per
credit hour, plus $46 Designated tuition per credit hour.
The cost of attending TSTC Waco varies depending on a variety of factors,
including a student's residency status, whether or not the student lives on
campus, the program of study and any other services that the student may
need. Financial Aid offers several types of aid that may be available to
help pay these costs. While it is not intended to completely fund an
education, this assistance can help provide the financial support needed for
tuition, housing, books and other educational items.
Some fees are not applicable to all campuses. Fees are subject to change
without notice to meet legislative or economic requirements.
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The following definitions apply when calculating refunds for changes in
course enrollments.
· Reduction in course load occurs when a student drops a course(s) having
more credit hours than he/she adds, resulting in the student being enrolled
in fewer credit hours overall.
· Withdrawal occurs when a student completely ends his/her enrollment at the
college for the current term.
· Credit courses are courses for which a student is eligible to earn
semester credit hours toward an
institutional award, certificate or associate degree. Credit courses also
include support courses required for the student's enrollment, such as
developmental education, etc.
Refunds for Drops/Reduction in Course Load
Students who drop credit courses and reduce their course loads while
remaining enrolled at the college will have their state and designated
tuition refunded, based on the official drop date recorded by the College
Records Office. Students who concurrently add and drop the same number of
credit hours will not be charged or refunded for these simultaneous
transactions.
Refunds for semester credit courses are calculated using a formula based on
the number of weeks scheduled for a term or class. Students who are enrolled
in semester credit hour courses who drop a class or withdraw from school
prior to the first class day will receive a 100% refund.
Students in semester credit hour courses who officially withdraw from school
or drop a course after classes begin will have their state and designated
tuition and fees refunded according to the following schedule unless the
fees are specifically designated as non-refundable.
Class days are defined as calendar days during which classes are normally
scheduled and not the specific days a particular class meets.
Refunds for Federal Financial Aid Recipients Special refund requirements
apply to students who receive
federal aid that is classified as "Title IV" funds. Title IV funds include
awards such as Federal Pell Grants, Federal Supplemental Educational
Opportunity Grants (FSEOG), William D. Ford Federal Direct Loans and Federal
Stafford Loans, and PLUS loans, and other federal awards. Students must
attend classes to remain eligible for federal financial aid. Students who
are considering withdrawing from all
classes before completing 60% of the semester should contact Financial Aid
to learn how this would affect their financial aid.
If a student reduces a course load or withdraws from TSTC, the college
and/or the student may be required to return federal funds awarded to the
student. The student may be eligible for a refund of a portion of the state
and designated tuition paid to TSTC for that term. If the student received
financial
assistance, the refund is returned to the grant, scholarship, or loan
sources from which the assistance was received.
A federal formula dictates the amount of Title IV aid that must be returned
to the federal government by the college and the student. This formula
applies to a student who is receiving Title IV funds if that student
withdraws from the college on or before the 60% point in time in the term.
The percentage of
Title IV aid to be returned is equal to the number of calendar days
remaining in the term divided by the number of calendar days in the term.
Scheduled breaks of five consecutive days or more are excluded from this
calculation.
If any funds are to be returned after the refund of Title IV aid, they are
used to repay TSTC funds, state funds, and other private sources. If there
is an unpaid balance, then all aid sources are repaid before any funds are
returned to the student. Funds released to a student due to a credit balance
on the student's account do not relieve the student's obligation to repay
Title IV funds when the student withdraws.
Order of Return of Title IV Funds
A school must return the Title IV funds to the programs for which the
student received aid during the payment period or period of enrollment as
applicable, in the following order, up to the net amount disbursed from each
source:
1. Unsubsidized Federal Stafford Loan
2. Subsidized Federal Stafford Loan
3. Unsubsidized Direct Stafford loans (other than PLUS Loan)
4. Subsidized Direct Stafford Loan
5. Federal Perkins Loan
6. Federal PLUS Loan
7. Direct PLUS Loan
8. Federal Pell Grant Program for which a return of funds is required
9. Academic Competitive Grants for which a return of funds is required
10. National Smart Grants for which a return of funds is required
11. Federal Supplemental Educational Opportunity Grants (FSEOG) for which a
return of funds is required
12. Other Title IV Aid
13. Other Federal, State, Private, or Institutional Aid
14. The Student
For more detailed information on the entire refund procedures for Financial
Aid students or about the calculation of refund amounts, contact Financial
Aid and Student Accounting.
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