Mustangs Guarantee Program

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Midwestern State University will offer the Mustangs Guarantee Program to beginning freshmen students OR undergraduate transfer students new to MSU who have not already received a Baccalaureate degree; students must be accepted for admission to MSU in a Summer, Fall or Spring term and be Texas residents, Pell Grant eligible, and whose family’s combined annual Adjusted Gross Income (AGI) is $50,000 or less. The Mustangs Guarantee Program will cover the remaining balance of any tuition and mandatory fees (for 15 or more credit hours each semester for up to four academic years – summer terms and non-MSU enrolled hours are not included) that are NOT covered by other grants, scholarships (all sources), exemptions, benefits, and/or waiver programs received by the student. The Mustangs Guarantee Program does NOT cover room, board, books, supplies, or miscellaneous charges including parking fees, installment plan fees, post office box rental fees, late fines, reinstatement fees, late registration fees, etc. In accordance with NCAA rules, current and prospective student-athletes will be offered awards on an individual basis; certain forms of assistance, such as those offered through the Mustangs Guarantee Program, may not be awarded to or accepted by a student-athlete.
 
 

Students must meet the following criteria to participate in the Mustangs Guarantee Program:
 
 

·      Be accepted for admission to the university in a Summer or Fall term on/before May 31, (for new or transfer students to the FALL semester) or Spring term on/before December 15 (for new or transfer students to the SPRING semester) AND be classified as a beginning freshman or new undergraduate transfer student. 
NOTE: beginning freshman who have college credit hours prior to high school graduation are eligible to apply for this grant as well.
 

·       Be classified as a Texas resident for tuition purposes as determined by submission of the application for admission and the MSU Admissions Office; 

·       Have completed and submitted the Free Application for Federal Student Aid (FAFSA);  

·       Have a complete financial aid file on/before May 31, (for new or transfer students to the FALL semester) or December 15 (for new or transfer students to the SPRING semester), which includes the submission of all required documents if chosen for verification by the federal processor or the MSU Financial Aid Office, including but not limited to:

1.        Completed and signed Verification Worksheet (VW);

2.        Copy of student’s Tax RETURN TRANSCRIPT;

3.        Copy of parent’s Tax RETURN TRANSCRIPT.

·       Have a combined family Adjusted Gross Income (AGI) of $50,000 or less as reported on the FAFSA;

·       Be eligible for the Federal Pell Grant program as determined by the FAFSA;

·       Maintain a minimum of at least 15 credit hours through the 12th class day of each fall and spring semester (non-MSU enrolled hours are not included); students will be required to successfully complete at least 12 hours at the end of each fall and spring semester in order to continue in the Mustangs Guarantee Program;

·        Maintain a minimum cumulative grade point average (CGPA) of 2.5 at the end of each fall and spring term;

·      Meet and maintain minimum standards of MSU’s Satisfactory Academic Progress.

 

To remain eligible for the Mustangs Guarantee Program in subsequent years, students must:

 

·         Submit a completed FAFSA application and return all requested documentation on/before May 31 prior to the beginning of the new academic year;

·         Maintain a combined family Adjusted Gross Income (AGI) of $50,000 or less as reported on the FAFSA;

·         Maintain eligibility for the Federal Pell Grant;

·         Maintain a minimum of at least 15 credit hours through the 12th class day of each fall and spring term (non-MSU enrolled hours are not included); students will be required to successfully complete at least 12 hours at the end of each fall and spring term in order to continue in the Mustangs Guarantee Program;

·         Maintain a minimum cumulative grade point average (CGPA) of 2.5 at the end of each fall and spring term:

·         Meet and maintain minimum standards of MSU’s Satisfactory Academic Progress.