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:
Subsidized Loans
- Available to students who demonstrate financial need.
- The U.S. Department of Education pays the interest:
- While enrolled in school for at least half-time (six hours).
- During a period of deferment (a postponement of loan payments).
- The amount of the subsidized loan cannot exceed your financial need.
Unsubsidized Loans
- Does not require students to demonstrate financial need.
- The U.S. Department of Education does not pay interest on unsubsidized loans.
- You are responsible for paying the interest that accrues on the loan from the time the loan is disbursed until it is paid in full.
- You can pay the interest while you are in school or during a period of deferment or forbearance.
- You may allow the interest to accrue and have the interest added to the principle amount of your loan which is known as capitalization.
Depending on your financial need, you may receive both subsidized and unsubsidized loans for the same enrollment period, but the total amount of these loans may not exceed the annual loan limit.