All financial aid is granted for a maximum of one year.
Renewal of financial aid is based on a student's academic standing, availability of funds in relation to receipt of the student's federal need analysis or SAR, and demonstration of continued need. Aid may be terminated at the end of any term if academic and other federal, state, or institutional requirements are not met. Off-campus living impacts financial aid. Students choosing to live off campus may experience lower eligibility for need-based aid due to lower student budgets, which are based on federal guidelines. Austin College merit-based scholarships are not affected.