SAN MARCOS, Texas - Texas State University says it has nearly tripled the amount of funding available for scholarships in 2021.
Beginning next fall, approximately $15.9 million will be available for freshman assured scholarships, a $10.5 million increase over fall 2020.
"Improving student success by reducing financial barriers is a key goal of the increase," said university president Denise M. Trauth. "With a record number of more than 32,600 freshmen applications in fall 2020, the need to expand the scholarship program to reach more students was apparent.
Freshman assured scholarships are awarded based on a student’s academic credentials and guaranteed to all qualified residents and nonresidents, including international students, provided they are admitted to Texas State as a first-time incoming freshman and meet the minimum scholarship qualifications prior to their first semester, says the university.
The move also supports Texas State's commitment to the state's TX60x30 Higher Education Plan, which aims to dramatically increase the number of Texans with higher education degrees or certificates while simultaneously reining in student debt, says Texas State.
"Texas State understands that many families are being impacted by current economic conditions. This scholarship expansion is a critical show of support during and after the pandemic for our fellow Texans," said Trauth. "The economic outlook for our state depends on a majority of Texans earning degrees to build an innovative workforce prepared for the future. Students who want to fill the jobs of the future should have the opportunity to pursue their dreams and explore the field that inspires them."
The growth of Texas State's assured scholarship program follows the university's expansion of the Bobcat Promise Program in May. Designed for first-time freshmen, the Bobcat Promise covers full tuition and fees for families with adjusted gross income of $50,000 or less.
The deadline to apply is March 15, 2021. Students must fill out an admissions application and file a Free Application for Federal Student Aid (FAFSA) by the deadline. For more information, click here.