Abe and Annie Seibel Foundation Loan
Award Type: Loan
Applicant must be a Texas resident, a graduate of a Texas high school, and a student enrolled full-time at an accredited Texas college or university with the intention of completing requirements toward a first bachelor's degree. Freshmen applicants must rank in the top 10% of their high school graduation class or have a minimum of 1100 SAT or 23 ACT score. College level students are reviewed on their grades earned through the fall semester each year. Renewable up to four years with a required minimum GPA of 3.0 overall. Co-signer is required.
Award Amount
Maximum: $8,000
Number of Awards
Maximum: 1,050
Applicants: 1,400
Deadlines & Renewal
February 28
Renewable up to four years if recipient maintains a minimum 3.0 GPA.
Eligibility Requirements
- Maximum ACT 36
- Minimum GPA 3.00
- Minimum Class Rank 10
- Maximum SAT Composite 1600
- Minimum SAT Composite 1500
More Details
- Loan must be repaid at a minimum of $50 per month. Minimum payments will continue for six months following a student?s last full-time enrollment period. Balances will then be subject to a nine-year payment plan or a minimum of $50 per month, whichever is higher.
Sponsoring Organization
Abe and Annie Seibel Foundation
c/o The Frost Bank
Galveston, TX 77553
(409) 770-5665