Financial Aid

Tuition and Fees
Payment of Accounts
Refund Policy
Cashier’s Office Contact Information
Financial Aid
Procedures for Applying for Financial Assistance

Student Aid Satisfactory Progress
Dependency Status
Renewal of Scholarships, Loans, Grants, Deadline Dates
Disbursement of Financial Aid
Government Grants
Federal Pell Grants
Supplemental Educational Opportunity Grant (SEOG)
Teacher Education Assistance for College and Higher Education (TEACH) Grant
Tuition Equalization Grants (TEG) or Other State Grants
Loans
Stafford Subsidized Loans for Students
Stafford Unsubsidized Loan for Dependent Students
Stafford Unsubsidized Student Loan for Independent Students
Federal PLUS Loans for Graduate Students (GRPL)
Federal Parent Loan for Students (PLUS)
Deferments and Loan Terms
Employment
Federal College Work Study (CWS)
Federal Aid Eligibility
Institutional Scholarships
Merit Scholarships
Founders Academic Scholarships
Presidential Academic Scholarships
Legacy Scholarship
University Grants I and II
Transfer Merit Scholarships
Provost’s Scholarship for Transfers
Dean’s Scholarship for Transfers
Transfer Grant
Phi Theta Kappa Scholarship
Church Matching Award<
Ministerial Dependents Grant
Talent-Based Aid
Ministerial Financial Assistance Scholarship (MFA)
Veterans
Graduate Financial Aid
Financial Aid Contact Information


Financial Services

HBU is a nonprofit educational institution and receives contributions from the Baptist General Convention of Texas and from Baptist churches, gifts from the local business community, and gifts from interested individuals and foundations. The tuition and fees paid by the undergraduate student cover only approximately fifty percent of the instructional and operating costs of the University. Though graduate students bear a proportionately higher percent of costs, their education is heavily underwritten by the University’s development program.

The University reserves the right to change tuition, fees, and charges should conditions make it necessary.
Financial Services is open for business from 8:00 a.m.-5:00 p.m. Monday through Friday.

Tuition and Fees

Information regarding undergraduate and graduate tuition and fees can be found at HBU.edu/tuition. Or, you may call (281) 649-3471 to have information sent by mail.

Payment of Accounts

Tuition, room and board and fees are due and payable at the time of registration. Students must complete their financial arrangements with the Cashier’s Office on/before the census date to prevent a $250 late payment fee from being assessed and a hold placed on their student account. However, HBU does provide a deferred payment plan for the convenience of students and parents that are expecting any form of financial aid. (There is a $50 per semester enrollment fee to utilize the deferred payment plan but increases to $75 after the census date.) The basis of the plan is as follows:  The total expenses (excluding fines and/or late fees) of the semester (less any financial aid) are divided into monthly payments with each installment due on the 30th of each month (payment will be due Friday if the 30th falls on a Saturday or Sunday). The month that the first payment is due is dependent upon the plan that the student selects and may choose to enroll in a payment plan at the time of registration.

Payments made in person may be in the form of MasterCard, Visa, Discover Card, American Express or debit cards. In addition, payments (including ACH) can be made online 24/7 by accessing their TouchNet account through HuskyNet.

Fees for tuition, room and board become the responsibility of the students in accordance with the refund policy below. Failure to make payments of any indebtedness to the University when due, including but not limited to tuition, housing or rental charges, student loans, special fees, library or parking fines, is considered sufficient cause, until the debt is settled with the appropriate office to (1) bar the student from classes, (2) withhold diploma or transcript, and (3) prevent further registration. This policy will be equally enforced against debts discharged through bankruptcy, as far as the law allows.

Refund Policy

The University plans its expenditures for the year based on the anticipated attendance of students enrolled. Its instructional and operating costs are not reduced by the withdrawal of a student after a semester has begun.

A student who withdraws completely (except summer sessions) will receive a refund on tuition and fees (except non-refundable fees) in accordance with the following schedule:

Fall, 2017 (All Fall)

  • 100% Through August 27, 2017
  • 90% August 28-September 1, 2017
  • 75% September 2-September 11, 2017
  • 50% September 12-September 13, 2017
  • 0% September 14-December 15, 2017

Fall, 2017 (First 8-Week Online)

  • 100% Through August 27, 2017
  • 90% August 28, 2017
  • 75% August 29-August 30, 2017
  • 50% August 31-September 5, 2017
  • 0% September 6-October 20, 2017

Fall, 2017 (Second 8-Week Online)

  • 100% Through October 22, 2017
  • 90% October 23, 2017
  • 75% October 24-October 25, 2017
  • 50% October 26-October 29, 2017
  • 0% October 30-December 15, 2017

Spring, 2018 (All Spring)

  • 100% Through January 15, 2018
  • 90% January 16-January 22, 2018
  • 75% January 23-January 29, 2018
  • 50% January 30-January 31, 2018
  • 0% February 1-May 11, 2018

Spring, 2018 (First 8-Week Online)

  • 100% Through January 15, 2018
  • 90% January 16, 2018
  • 75% January 17-January 18, 2018
  • 50% January 19-January 22, 2018
  • 0% January 23-March 9, 2018

Spring, 2018 (Second 8-Week Online)

  • 100% Through March 18, 2018
  • 90% March 19, 2018
  • 75% March 20-Marh 21, 2018
  • 50% March 22-March 25, 2018
  • 0% March 26-May 11, 2018

General and technology fees are only refundable prior to the first day of class upon complete withdrawal.
Course and special fees are non-refundable beginning on the first day of class.

Cashier’s Office Contact Information

Assistance from one of the staff members of the Cashier’s Office is available Monday through Friday between 8:00 a.m.-5:00 p.m. by calling (281) 649-3471.

Mailing Address:
HBU, Cashier’s Office, Atwood II-112
7502 Fondren Road
Houston, TX, 77074-3298

Web Address:
HBU.edu/CashiersOffice

Email Address:
cashier@hbu.edu

Financial Aid

Financial aid may be in the form of loans, grants, scholarships, work-study awards, or a combination of all of these.  Although the primary responsibility for meeting postsecondary educational expenses rests with students and their families, the financial aid programs listed below have been established to assist students who can establish need.


Procedures for Applying For Financial Assistance

  1. File an application for admission to the university. Students must be admitted to a degree seeking program or the teacher certification program in order to receive financial aid.
  2. Complete the Free Application for Federal Student Aid (FAFSA). Go to www.fafsa.gov to submit the fafsa. HBU code #003576.
  3. Submit to the Financial Aid Office all requested documents needed to complete the aid application.
  4. Students must enroll at least half-time (six hours undergraduate or five hours graduate) to be eligible for federal loans.

Financial aid is awarded on a first-come, first-served basis as funding permits. The amount of the student’s award is based on a calculated financial need and annual limits as specified by program requirements. A student’s financial need is determined annually by completing the Free Application for Federal Student Aid (FAFSA).


Student Aid Satisfactory Progress

Federal regulations require students to make satisfactory progress toward the completion of their degrees in order to receive Title IV aid. Title IV programs include the Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, Federal Work Study, Direct Stafford Student Loans, and Direct Stafford Parent Loan for Undergraduate Students.  See HBU.edu/SatisfactoryProgressPolicy to view the Financial Aid Satisfactory Academic Progress Policy and specific requirements.


Dependency Status

Dependent students are considered to be financially dependent on their parents and must report parents’ financial information as well as their own. A dependent student is one who does not fall into one of the categories given under the definition of an independent student.
An independent student reports only income information (and that of a spouse, if the student is married) when applying for federal student aid.  Under the federal definition, an independent student is one who is 24 years old by December 31 of the award year, a veteran of the U.S. Armed Forces, an orphan or ward of the court, has dependents other than a spouse, married at the time of applying for aid, or is a graduate or professional student.


Renewal of Scholarships, Loans, Grants

Application for federal financial aid must be submitted each year. The renewing and awarding of loans, scholarships, grants, etc. is based on the student’s current financial need, availability of funds, academic policy and standards set forth by the particular aid involved. Financial aid will be made reasonably available to all eligible student applicants as long as funds are available.


Deadline Dates

Financial aid applications must be submitted by the following dates in order to receive a financial aid award by registration:

  • April 1 is the preferred deadline for applicants to submit the FAFSA to the Federal Student Aid Programs.
  • All requested documents should be submitted by April 15.


Disbursement of Financial Aid

Financial aid, with the exception of Federal Work Study, is disbursed at the beginning of each enrollment period. If the aid package is for a regular nine-month period, one-half is disbursed at the beginning of each semester. University policy requires that all aid must be used first to pay general registration and maintenance fees, room and board or other institutional expenses. Financial aid is credited to the student’s account first, and after direct costs such as tuition, fees, room and board are met, any excess aid is disbursed by the Cashier’s Office.

Government Grants

Federal Pell Grants

This is the basic grant available to qualifying undergraduate students who have not earned a bachelors or professional degree. Funding comes from the federal government. All degree-seeking undergraduate students may apply by submitting the Free Application for Federal Student Aid (FAFSA). The annual maximum award is up to $5,920 per academic year.

Supplemental Educational Opportunity Grant (SEOG)

Federal SEOG grants are intended to supplement other aid received. These grants are federally funded. Funds are awarded to a limited number of undergraduate students who demonstrate exceptional financial need. Recipients must submit the Free Application for Federal Student Aid (FAFSA). Grants may range up to $1,200 per academic year depending upon availability of funds.

Teacher Education Assistance for College and Higher Education (TEACH) Grant

This grant program provides grants of up to $4,000 per year to students who intend to teach in a public or private elementary or secondary school that serves students from low-income families.  In exchange for receiving a TEACH grant, students must agree to serve as a full-time teacher in a high-need field of a public or private elementary or secondary school that serves low-income students.  Recipients of a TEACH Grant must teach for at least four academic years within eight calendar years of completing the program of study for which a TEACH Grant is received.  All amounts of TEACH Grants received will be converted to a Federal Direct Unsubsidized Stafford Loan if the service obligation is not completed.  The amount received plus interest would be repaid to the U.S. Department of Education.  Interest would be charged from the date the grant(s) was disbursed if the grant is converted to a loan.  TEACH Grant recipients will be given a six-month grace period prior to entering repayment if a TEACH Grant is converted to a Direct Unsubsidized Loan.


Tuition Equalization Grants (TEG) or Other State Grants

These grants are available to students who are Texas residents, full-time undergraduate students, and who demonstrate need. The annual maximum varies. Recipients of athletic scholarships or ministry-related aid are not eligible for the TEG. In all cases, students who receive TEG in their second year must have completed 24 credit hours and have a 2.5 cumulative grade point average at the end of the academic year in order to receive it subsequent years.  Non-Texas residents should apply for a grant in the state of their residency. Recipients should submit the Free Application for Federal Student Aid (FAFSA).

Loans

Direct Stafford Subsidized Loans for Students

The Direct Stafford Subsidized Loan program provides a low interest loan to students who are attending HBU at least half-time in a degree or certification program and who demonstrate need. If you are eligible for a Direct Stafford Subsidized loan, the federal government pays the interest on the loan while you are enrolled in school at least half-time, but repayment begins six months after dropping below half-time. The student is the borrower and must complete entrance loan counseling at StudentLoans.gov before the first loan at HBU can be released. A first year student demonstrating financial need may borrow up to $3,500 a year. A second year status undergraduate may borrow up to $4,500 a year. Students who have achieved third or fourth year status may borrow $5,500 a year. These loan limits are coordinated into the financial aid package, and may not exceed need. Maximum subsidized loan debt is $23,000 for undergraduates, and $65,500 for graduate or professional study, including amounts borrowed as an undergraduate student. Recipients must submit the Free Application for Federal Student Aid (FAFSA).

Direct Stafford Unsubsidized Loan for Dependent Students

The same eligibility requirements as the Direct Stafford Subsidized Loan apply except students do not have to demonstrate need. Applicants must seek aid from the Direct Stafford Subsidized Loan before applying for the Stafford Unsubsidized Loan, and students can have this loan in combination with the Direct Stafford Subsidized Loan. The student is responsible for the interest that accrues on the Direct Stafford Unsubsidized Loan while in school and deferment periods. Some deferment options are available. A dependent student may, in addition to the subsidized loan limits, received an additional $2,000 in unsubsidized loans. Recipients must submit the Free Application for Federal Student Aid (FAFSA).

Direct Student Loan for Independent Students

This loan is available to independent undergraduate and graduate students. The annual limit is $4,000 for first and second year undergraduates. Students who have achieved third or fourth year status are eligible to borrow up to $5,000 annually, and graduate students may borrow up to $12,000 annually, not to exceed the cost of education. These amounts are in addition to the Direct Stafford Subsidized Loan amounts.  The subsidized and unsubsidized Direct Stafford Loan interest rates are variable and adjusted on an annual basis every July 1, but will not exceed 8.25%. The borrower will be assessed a small origination/insurance fee. Repayment of principal begins six months after the borrower ceases at least half-time enrollment. All loans must be repaid.

Direct Parent Loan for Students (PLUS)

This loan is for parents of undergraduate students who are enrolled at least half time. A credit-worthy parent is the borrower. Repayment begins while the student is in school. The maximum amount varies, there are some deferment options available, and the interest rates vary. The student of the parent must submit the Free Application for Federal Student Aid (FAFSA).

Direct PLUS Loans for Graduate Students (GRPL)

Like parent PLUS borrowers, graduate student PLUS borrowers will undergo a credit check before borrowing and will enter repayment on the date of the final loan disbursement. The maximum amount varies, there are some deferment options available, and the interest rates vary. Recipients must submit the Free Application for Federal Student Aid (FAFSA).

Deferments and Loan Terms

Stafford loan borrowers may have a deferment for circumstances such as half time study at a postsecondary school, student in an approved graduate fellowship program, unable to find full time employment, or economic hardship. All borrowers should refer to their promissory notes for details of the terms, and interest rates.

Employment

Federal College Work Study (CWS)

Federal College Work Study is a federal program that allows students who demonstrate need to earn money to help pay for educational expenses. The total CWS award depends on your need, the amount of money the university has for this program, and the amount of aid received from other programs. Students earn minimum wage for most positions and are paid bi-monthly. A portion of the Federal Work Study funding is allocated to positions that perform community service duties. The work-study award does not guarantee employment.  Students must apply and be hired for a position in order to receive the work study award and the amount of money earned cannot exceed the award total. Available work study positions are posted on the Hire a Husky system available through HBU’s website. Awardees should contact the Financial Aid Office at (281) 649-3749 or financialaid@hbu.edu for additional information.

Federal Aid Eligibility

To receive student financial aid from these federal programs, the student must:

  1. Be enrolled in a degree or certificate program or other program leading to a recognized educational credential, or in a program of study abroad approved for credit at HBU.
  2. Be a U.S. citizen or an eligible noncitizen. An eligible non-citizen is one who is: (1) a U. S. permanent resident with an Alien Registration Receipt Card (I-551); (2) a conditional permanent resident (I-551C); or (3) another eligible noncitizen with an Arrival-Departure Record (I-94) from the Department of Homeland Security showing any one of the following designations: refugee, asylum granted, parolee, or Cuban-Haitian entrant.
  3. Be registered with Selective Service if the student is a male who is at least 18 years old but not yet 26 years old.
  4. Be making satisfactory academic progress.
  5. Not be in default on any loan or owe a refund on any grant made under Title IV of the Higher Education Act of 1965 as amended, at any institution.
  6. Sign a statement of educational purpose indicating that federal student aid funds will only be used for expenses related to attending the university.
  7. Not have borrowed in excess of annual or aggregate limits on any Title IV loan.
  8. Not be simultaneously enrolled in an elementary or secondary school.
  9. Demonstrate financial need if applying for a need-based award, such as the Federal Pell Grant.

Institutional Scholarships

Merit Scholarships (Freshmen)

New full-time HBU freshman admits will be considered for one of the following awards. Scholarship and grant recipients must meet all university requirements for regular admission to the fall or spring semester.  The SAT is calculated using the highest Critical Reading and Math sub-scores only.  In the absence of class rank, the grade point average is used to calculate merit awards.

Founders Academic Scholarships:  $21,000 per academic year

Based on a combination of SAT/ACT score and rank in class. Recipients of the Founder’s Academic Scholarship are expected to maintain a 3.0 cumulative HBU grade point average and full-time enrollment for renewal.

Presidential Academic Scholarships:  $18,000 per academic year

Based on a combination of SAT/ACT score and rank in class. Recipients of the Presidential Academic Scholarship are expected to maintain a 3.0 cumulative HBU grade point average and full-time enrollment for renewal.

Legacy Scholarship Legacy Scholarship:  $15,000 per year

Based on a combination of SAT/ACT score and rank in class. Recipients of the Legacy Scholarship are expected to maintain a 2.5 cumulative HBU grade point average and full-time enrollment for renewal.

University Grants I and II:  $8,000 or $6,000 per year 

All unconditionally accepted freshmen who do not qualify for a scholarship listed above. Recipients of a University Grant must maintain a 2.5 cumulative HBU grade point average and full-time enrollment for renewal.

Transfer Merit Scholarships

A new full-time transfer student who has 15 credit hours after high school graduation will be considered for the following transfer awards:

Provost’s Scholarship for Transfers: $14,000 per academic year

  • 3.5-4.0 cumulative transfer grade point average. Recipients of the Provost Scholarship are expected to maintain a 3.0 cumulative HBU grade point average and full-time enrollment for renewal.

Dean’s Scholarship for Transfers: $12,000 per academic year

  • 3.0-3.49 cumulative transfer grade point average. Recipients of the Deans Scholarship are expected to maintain a 2.5 cumulative HBU grade point average and full-time enrollment for renewal.

Transfer Grant: $5,000 per academic year

  • 2.5-2.99 cumulative transfer grade point average. Recipients of the Transfer Grant are expected to maintain a 2.5 cumulative HBU grade point average and full-time enrollment for renewal.

Phi Theta Kappa Scholarship: $3,000 per year

  • Members in good standing with Phi Theta Kappa as a new transfer student to HBU.

Church Matching Award

A limited number of awards are available for new students. Christian churches in Texas may contribute scholarship dollars to a full-time, undergraduate student. The University will match dollar for dollar up to $1,000 per student for monies contributed per academic year. The scholarship is available for a maximum of four years and is not applicable for summer enrollment. The total HBU value of the award is $4,000. Students must submit the check along with the letter of recommendation from the church prior to the first day of class each term.

Ministerial Dependents Grant

A limited number of grants are available for dependent children of ordained Baptist ministers and missionaries. Proof of ordination and current full-time ministry are required, and the students must be regularly admitted students. Documents must be sent to the Office of Financial Aid prior to the first day of class. Recipients must maintain a 2.8 cumulative GPA and full-time enrollment to retain the scholarship. The scholarship is available for a maximum of 12 semesters and is not applicable for summer enrollment.

Talent-Based Aid

These grants are available to undergraduate students who can contribute special abilities or services to the University. Talent awards may vary and a limited number are available. Contact the respective University department for more information.

Ministerial Financial Assistance Scholarship (BGCT- MFA scholarship)

The BGCT-MFA scholarship is available to Baptist undergraduate ministerial students and Baptist students planning to enter some church-related profession.  The annual maximum award is $50 per credit hour for freshmen and sophomores, $75 per hour for juniors and seniors, and $100 per hour for MATS and MABL students. Students must fill out an application and renew the scholarship annually.  Second and consecutive renewal applications must be accompanied by evidence that the student is active in a church that cooperates with the Baptist General Convention of Texas (BGCT).  Students receiving the Texas Equalization Grant (TEG) are not eligible for the MFA scholarship.  For additional information, contact the School of Christian Thought at (281) 649.3383.

Veterans

Students who are veterans are also eligible for VA benefits. Inquiries should be addressed to the VA Coordinator in the Office of the Registrar at HBU.

 Graduate Financial Aid

Financial aid is available to the graduate student from several sources. Alumni and degree program scholarships are available to graduate students. Students should consult with the Graduate Admissions Office to determine what scholarships may be available and submit the appropriate application and documentation prior to the scholarship application deadlines. Additional information can be found on HBU’s website at HBU.edu/scholarships and click on the Graduate Scholarships link.

Many students receive aid through their company’s tuition reimbursement program. The applicant should check this source to determine eligibility. Loans are available to candidates through the Stafford Direct Loan and Graduate PLUS Loan programs.

For financial aid purposes, nine or more semester hours of credit is considered full-time enrollment; five or more hours is considered half-time enrollment.

Financial Aid Contact Information

Assistance from one of the staff members of the Financial Aid Office is available Monday through Friday between 8:00 am and 5:00 pm by calling (281) 649-3749.

Mailing Address:
HBU, Financial Services Office, Atwood II-112
7502 Fondren Road
Houston, TX, 77074-3298

Web Address:
HBU.edu/FinancialAid

Email Address:
financialaid@hbu.edu