The borrower will be required to begin repayment of principal and interest upon graduation or after he or she ceases to be at least a half-time student. Repayment may extend over ten years, but the program requires a minimum monthly payment. Contributions to these funds have been made by Mrs. Lloyd V. Berkner, Mr. and Mrs. Louis Castelli, the Kiwanis Club of Richardson, Rotary Club of Richardson, Richardson Savings and Loan Association, the First Texas Savings and Loan Association of Dallas, Richardson Altrusa Club, Chaparral Steel Company, and funds set aside out of student tuition. Federal College Work Study Program College work study employment is available to students on the basis of demonstrated financial need. The acceptance of employment reduces the amount of loan assistance a student will be permitted to accept in order to meet financial need to cover educational expenses.
Compensation depends on the type of job, qualifications, and classification.
The number of hours and work schedule will vary depending on the position. In accordance with appropriate guidelines, pay scales depend on the type of job, qualifications, and classification. Normally, students will be employed for a maximum of 19.5 hours per week. Information concerning student financial aid is accurate at the time of printing. The Financial Aid Office has detailed information available upon request.