Awarding Policy

The Free Application For Federal Student Aid uses a federal formula to generate a Student Aid Index, SAI. The SAI is then deducted from the student's budget, which estimates all reasonable and moderate costs for the period of enrollment.

Once the maximum aid eligibility is determined, the Financial Aid Office prepares a financial aid package. The Financial Aid Administrator will award in this “package” a combination of grants, scholarships, loans, and/or campus employment to help meet the student’s financial need.

The completed financial aid package is submitted to the student for acceptance through an online Financial Aid Notification. The student may accept the package in part or as a whole. If specific programs are rejected, they will not necessarily be replaced with aid dollars from other programs. The Financial Aid Offer must be accepted through http://myfinancialaid.umhb.edu by the stipulated time frame, or the offer becomes void.