Steps To Review Your
Financial Aid Offer

STEP 1 – AWARDS

Please read your “Financial Aid Award Notification” in its entirety. You will need to become familiar with the program names and amounts awarded before you continue. Do not accept or decline individual awards until you understand what it will cost you to enroll at McMurry University.

STEP 2 – COST & PAYMENT

Read the sections explaining the costs and payment process beginning on the Payment Of Accounts page. Estimate your expenses and review the aid offered, then determine how much you will need to contribute and which programs you wish to accept. If you find that you will need additional assistance, you may wish to consider alternative loan programs listed on the Alternative Loans page.

STEP 3 – ACADEMIC REQUIREMENTS

“The Financial Aid Statement of Satisfactory Academic Progress” begins on the Satisfactory Academic Progress page. All students are required to maintain certain academic  standards and progress toward degree requirements to receive financial aid. Read the appropriate section based on the program you are pursuing, then read the section labeled “For All Students.”

STEP 4 – ENROLLMENT CHANGES

If you find it necessary to change the number of hours in which you enroll, please refer to the information on the Change in Hours / Withdrawals page.

STEP 5 – McMurry SCHOLARSHIPS

If you were offered a McMurry scholarship, read the eligibility and renewal requirements found on the Scholarship Opportunities page.

STEP 6 – OUTSIDE SCHOLARSHIPS

If you have been awarded an outside scholarship from sources not listed on your “Financial Aid Award Notification,” please notify this office immediately. An adjustment in your award package may be required according to your documented need and the guidelines of the programs. Refer to the Scholarship Opportunities and the  page for more details. 

STEP 7 – GRANTS

If you were offered a state or federal grant, read the eligibility requirements on the State and Federal Grants page. Students receiving the Tution Equalization Grant (TEG), the Texas Grant, or the SLEAP Grant must complete the Texas Residency Form.

STEP 8 – WORK STUDY

If offered Work-Study, read the section “Work-Study” found on the State and Federal Grants page in the Work Study section.

STEP 9 – STAFFORD LOAN

If you were offered a Subsidized and/or an Unsubsidized Stafford Loan, see the Federal Stafford Loans page for instructions to complete this process. See the Preferred Lender List for a list of preferred lenders. You must complete loans by Web to complete this step.

STEP 10 – PLUS LOAN

If you would like to apply for a Federal PLUS Loan, please follow the instructions for completion on the Plus Loans page.

STEP 11 – PERKINS LOAN

You may qualify for a Federal Perkins Loan, see the Perkins Loans page. An application packet is required.

STEP 12 – ALTERNATIVE LOAN

Several alternative loans are available. If you need additional assistance, you may wish to consider one of the options listed on page the Alternative Loans page.

STEP 13 – CONTACT INFO

Call us if you have any questions. Our toll-free number is (800) 460-2392. You may also contact us at our local number, (325) 793-4713, or by fax at (325) 793-4718.

http://www.mcm.edu/newsite/web/financial_aid/apply_finaid.htm

The Financial Aid Office reserves the right to replace institutional grants and scholarships with other gift aid sources in the same amounts, in order to maximize limited resources. Please note that the total amount of gift aid awarded will not be reduced.