Release Date: Sept. 18, 2008
New Tuition Guarantee Program Announced at ASU
Beginning in the fall of 2009, Angelo State University will implement its Blue and Gold Guarantee program providing full tuition and mandatory fees for freshmen students coming from families with a combined adjusted gross income of $40,000 or less.
The new program will be open to Texas residents who are entering college as first-time freshmen and meet the program’s criteria, including completing all financial aid application requirements by April 1.
In announcing the Blue and Gold Guarantee, ASU President Joseph C. Rallo said, “Historically, Angelo State has opened the doors to higher education for thousands of students through a strong package of financial aid and scholarships. The Blue and Gold Guarantee provides another option for prospective students whose financial circumstance might otherwise limit their ability to attend college.”
Rallo said the new program will increase ASU’s already significant commitment to helping students pay for a college education. Last academic year, for instance, ASU awarded students $18,894,772 in grants and scholarships from federal, state, private and institutional funds. Unlike loan programs, the grants and scholarships do not require repayment by the students.
The Blue and Gold Guarantee would cover all required tuition and fees over eight long semesters, which is typically the fall and spring terms. Participants would be required to enroll in a minimum of 15 semester credit hours each semester. The program does not cover room, board, books or miscellaneous charges.
Applicants for the program must be bona fide Texas residents entering the university as first time freshmen and coming from households with a combined adjusted gross income of $40,000 or less. Applicants must be eligible for the federally funded Pell Grant Program to apply. All gift aid sources of financial assistance, including grants, scholarships, exemptions and waivers will apply and be included in the Blue and Gold Guarantee program.
To maintain the financial support over the course of eight consecutive long semesters, individuals accepted into the program must meet published financial aid criteria and show satisfactory academic progress over the course of their undergraduate career.
Any normal advanced placement or dual credit that counts toward the ASU degree, as well as community college courses taken in the summer between high school graduation and ASU enrollment, will not prevent consideration of applicants as first-time freshmen. Incoming transfer students, however, are not eligible for the program. There is no age limit on participation, provided the applicant is a first-time freshman.
Fred Dietz, Executive Director of Enrollment Management at ASU, said, “The Blue and Gold Guarantee is a wonderful option for families who think a college education is too expensive. This initiative demonstrates the commitment ASU has to providing educational opportunities to families across the State of Texas.”
Individuals seeking additional information should contact the ASU Financial Aid Office at (325) 942-2246.