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Student Loans


Student Loans, unlike grants, scholarships and work-study, are borrowed funds that must be paid back, with interest. Loans are legal obligations, so before borrowing each year, consider the amount you will have to repay.

TAMIU offers the following loan programs:

The College Access Loan (CAL) program provides alternative educational loans to Texas-resident students who are unable to meet the cost of attendance. CAL loan approval is based on credit. Students can apply at hhloans.com. Visit the THECB website for more information.

The Bursar's Office provides information about important dates, office hours, location, payment options, and tuition and fees. For more information regarding Installment Payment Plans, Emergency Tuition Loans and Emergency Books loans please visit the Bursar's website.

Graduate students enrolled in a degree-seeking program and attending school at least half-time are eligible to apply for a Graduate PLUS loan. Unlike the Direct Unsubsidized loan, Graduate PLUS loan approval is based on your credit. TAMIU highly recommends you apply for the maximum annual amount available under the Direct Loan program before applying for the Graduate PLUS Loan. Graduate PLUS Loans disbursed on or after 7/1/16 and before 7/1/17 have a fixed interest rate of 6.31% and the current origination fee is 4.276%. You can visit the Federal Student Aid website for more information.

Parents of dependent undergraduate students can apply for a Parent PLUS loan to help pay education expenses. Parents can apply by signing into the studentloans.gov website. You will need your federal student aid (FSA) ID. A credit check will be performed during the application process and the parent borrower must also sign a Master Promissory Note. Parent PLUS Loans disbursed on or after 7/1/16 and before 7/1/17 have a fixed interest rate of 6.31% and the current origination fee is 4.276%. You can visit the Federal Student Aid website for more information.

Student Loans, unlike grants, scholarships and work-study, are borrowed funds that must be paid back, with interest. Loans are legal obligations, so before borrowing each year, consider the amount you will have to repay.

A step by step guide for the Student Loan process click here

What you need to know about your federal student loan benefits if your a member of the U.S. Armed Forces click here

Federal Direct Loans

The William D. Ford Direct Loan program, known as Direct Loans, was authorized and created by the Higher Education Act of 1965. The program provides subsidized, unsubsidized, PLUS, GradPLUS and consolidation loans to borrowers for educational purposes. The lender for all of these loans is the U.S. Department of Education. 

Students must meet the following requirements in order to receive a student loan:

  • Students must complete a FAFSA and all other financial aid requirements every academic year
  • Be enrolled a minimum of six credit hours each semester
  • Meet TAMIU's Satisfactory Academic Progress (SAP) Policy. To view current SAP Policy click here.
  • Attend Entrance Counseling
  • Complete a Master Promissory Note and online counseling

For more information regarding the Federal Student Aid Loan click here.

What's the difference between Direct Subsidized Loans and and Direct Unsubsidized Loans?

The Office of Student Financial aid recommends that students utilize federal student loans before considering private educational loans. Federal loans have lower fixed interest rates as well as deferment and consolidation options. Private loans should be used for circumstances where you have exhausted all other options, including federal aid and scholarships, in regards to financing your education.

Students who need further financing should select the loan that best meets funding needs and offers the best interest rate and borrower benefits. Points to consider when choosing a lender:

  • Interest Rate - it may be capitalized, therefore, increasing the amount of money you ultimately owe. Consider using a cosigner, you may qualify for slightly lower rates.
  • Fees - the interest rates and fees that you pay are based on your credit score and the credit score of your cosigner, if you choose to use one.
  • Borrower Benefits - these vary by lender.
  • Repayment Terms - some lenders require you to pay while you are in school. Others will defer payments until after graduation.
  • Eligibility Requirements - check the requirements for the loan.

Borrowers who have questions regarding federal or private student loans are encouraged to contact the Office of Student Financial Aid at 956-326-2225 for more information or individual assistance.

After a student has researched and selected the alternative loan of their choice, and once the lender approves the loan application, TAMIU provides loan certification information to the lender so that funds are available at the same time as regular financial aid. For private alternative loans, please visit www.ELMSelect.com for loan options. TAMIU has no written or implied preferred lender arrangement with any lender (Policy on Preferred Lender Lists). Students can choose any lender, including a lender not listed.  TAMIU uses ELMSelect as an online, lender-neutral platform to display a historical list of lenders and education loan products that our students have used over the past five years.  

As a result of the Truth in Lending Act (TILA) of 2009, borrowers will be required to submit a Private Education Loan Applicant Self-Certification to their lender before funds can be disbursed. Your lender will provide you with this form when you apply for the private loan. You may also obtain a copy of this form here: Private Education Loan Self Certification. Private loan disbursements cannot be made until you have submitted this form to your lender.

Below is an example of what to expect if you apply for a private loan:

  • Apply online (you will receive the Application Disclosure Statement).
  • Obtain the self-certification form and return to your lender.
  • If approved for the loan, you will be provided an Approval Disclosure Statement.
  • Finally, you will receive a Final Disclosure Statement (allowing you up to 3 days to cancel the loan before it disburses).

Please use these loan term dates when filling out an application:

2016 - 2017 Aid Year
 
Fall 2016- Spring 2017
08/19/16 - 05/20/17
Spring 2017 only
01/04/17 - 05/20/17

 

Please view the Code of Conduct for Educational Loans for more information on TAMIU's commitment to conducting ethical financial practices in the interest of students and in compliance with applicable law. The Private Educational Loan Disclosures provides additional facts regarding private educational loans.

Dream It. Achieve It.

Salt helps you plan for, pay for, and repay the cost of your degree--while preparing you for a successful financial future. For more information please, click here.

The Texas B-On-Time Loan is a zero-interest loan for eligible Texas students. The entire amount borrowed can be forgiven provided that the borrower meets the forgiveness requirements. This loan is funded by the state of Texas and repayment is made to the Texas Higher Education Coordinating Board.

The Office of Student Financial Aid awards the B-On Time Loan based upon student eligibility and availability of funds. Student eligibility is based on the FAFSA and other program requirements. Students will be notified of the B-On-Time Loan award through Uconnect and their student email account. If awarded a Be-On-Time Loan, students must complete additional application requirements before they are eligible to receive funds.

Initial Eligibility

  • Have completed a FAFSA and be eligible to receive federal financial aid
  • Be enrolled full time in an undergraduate degree program
  • Be a Texas resident or be entitled to pay resident tuition rates as a dependent child of a member of the U.S. armed forces
  • Have graduated in 2003 or later from a high school operated by D.O.D. or a public or private high school in Texas under the recommended or distinguished high school program or its equivalent or
  • Have earned an associate’s degree from an eligible institution no earlier than May 1, 2005

Students cannot be awarded TEXAS Grant and the Texas B-On-Time Loan in the same semester.

Renewal Eligibility

  • In the 1st Academic Year - meet TAMIU's Satisfactory Academic Progress Policy
  • At the end of the 2nd and Subsequent Academic Years
    • complete at least 75% of the semester credit hours attempted in the most recent academic year
    • cumulative GPA of at least a 2.5 on a 4.0 scale (or the equivalent) on all course work previously attempted at institutions of higher education
    • A student may not receive B-On-Time loan funds for than 150 credit hours.

For more information about the B-On-Time Loan, click here.

Texas Guaranteed as a nonprofit corporation offers resources to help students and parents understand student loans. Click on the links below to learn more:

Student Loans

Student Loan Repayment Options

Calculator for Student Borrowers

Financial Coaching

Handling Default





Texas A&M International University
Zaffirini Student Success Center Suite 214
5201 University Blvd.
Laredo, TX 78041

Phone (956) 326-2225
Fax (956) 326-2224
Email financialaid@tamiu.edu