This loan is administered by banks and other major lending
institutions throughout the country. A processing fee may be
deducted from the loan proceeds. To qualify for a subsidized Federal Stafford Loan, the student must show a
financial need. Students showing no financial need or no
remaining need after other aid sources may qualify to borrow an
unsubsidized Federal Stafford loan. The difference
between a subsidized and an unsubsidized loan is that the federal
government pays the interest on a subsidized loan. Unsubsidized
loans begin accruing interest at the time the loan is obtained.
Aggregate loan
amount for dependent undergraduate students are $23,000.
Aggregate loan amount for independent undergraduate students are
$46,000 (not to exceed $23,000 in Subsidized Stafford funds).
Aggregate loan amount for graduate/professional students is $138,500
(not to exceed $65,500 in Subsidized Stafford funds).
Borrowers are required to attend an entrance interview prior to
receiving their first loan and an exit interview upon leaving the
University. Students may complete the entrance interview
online at
www.mapping-your-future.org.
The loan must be disbursed in two equal payments. At least
one-half of the loan period must elapse before the second
installment can be disbursed. Repayment begins six months
after the student is no longer enrolled in at least a half-time
basis.
Student Loans are set to be
disbursed to TU by the lender 3 days before classes begin.
Click here to view our
"Lender Information" page.
