Student Loans
Students who are eligible for Direct Loans should be aware that a completed entrance loan counseling session and master promissory note are required for all loan applicants. Freshmen students that were not offered a student loan are required to meet for Freshman Loan Counseling. The Financial Aid Calendar with available dates is available at the Financial Aid Office website under the Request Additional Aid section.
A student already awarded a student loan that needs additional funds may submit the request for additional aid available online at the Financial Aid Office website.
THE WILLIAM D. FORD FEDERAL DIRECT LOAN PROGRAM
The Direct Loan Program is one of the federal student aid programs offered by the Department of Education, which provides students with a simple, inexpensive way to borrow money to pay for educational expenses while pursuing a college degree. The Direct Loan program offers subsidized, unsubsidized, and Parent PLUS loans for students pursuing undergraduate degrees. The program offers unsubsidized and Graduate PLUS loans to graduate students. The first step in the application process is the completion of the FAFSA. After the student’s FAFSA is processed, the Financial Aid Office will review the results and advise the student as to his or her loan eligibility. Before receiving any loan disbursements through the Direct Loan program, every undergraduate student borrower will have to complete an entrance counseling session and an electronic master promissory note and must be enrolled for at least half-time (6 hours). Before receiving any loan disbursements through the Direct Loan program, every graduate student borrower will have to complete an entrance counseling session and an electronic master promissory note and must be enrolled for at least half-time (6 hours for traditional graduate programs and 3 hours for Accelerated Online Programs).Once these requirements are complete, the Financial Aid Office will receive electronic confirmation that the information has been completed and funds will be credited to the student’s University account 10 days before the first day of class. When loans are awarded for one semester only the first half is credited first, and the second half is credited approximately mid-semester.
EMERGENCY TUITION AND FEE LOANS
Emergency loans are available to UTRGV students needing assistance in paying registration costs. Emergency loans must be paid back to the University during the same semester in which they are borrowed. An applicant will be assessed a 1% processing fee per semester. Students may borrow up to the amount of tuition and applicable fees. For more information, please contact the Emergency Loan Office.