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Students

Types of Financial Aid

Loans


The Direct Loan program is provided and administered by the Federal government, U.S. Department of Education. Student loan borrowing cannot exceed the cost of attendance, nor may you borrow over the annual and lifetime aggregates that are set for the Direct Loan Program. The Department of Education will assess an origination fee on each loan upon disbursement. The type of loan you are offered is based upon the results of the FAFSA.

ATTENTION: First Time Student Loan Borrowers are Required to Complete a Master Promissory Note (MPN) and Entrance Counseling (EC) at www.studentaid.gov. All Loans Accepted Will Not Disburse to a Student Account Unless Completed and Received at Texas A&M University-Kingsville.

**New for 2021-2022** Annual Student Loan Acknowledgement (previously called the “Informed Borrowing Confirmation” process) will be implemented in late April 2020 on StudentAid.gov. The new process will require student and parent borrowers to log into StudentAid.gov each year to view how much they currently owe in federal student loans, and to acknowledge that they have seen this amount before a school can make the first disbursement of the first Direct Loan the borrower receives for a particular award year. This process is mandatory starting with loans associated with the 2021–22 Award Year.

Types of Loans

The Subsidized Direct Loan is awarded on the basis of need. You will not be charged any interest prior to repayment or during any authorized periods of deferment. The federal government pays the interest on the loan until the time of repayment.

Criteria for Eligibility
  • You must have "need" as determined by the FAFSA.
  • You must be enrolled at least half-time at Texas A&M University-Kingsville.
    • Undergraduate Student
    • You must maintain Satisfactory Academic Progress.
  • You may not exceed annual or lifetime aggregate loan limits.
Direct Loan Limits

Annual and lifetime (total debt) limits for subsidized and unsubsidized student loans are mandated by the U.S. Department of Education. The amounts include the outstanding principal balance on the loans (excluding interest and other charges).

Click Here to view Direct Loan Limits


The Unsubsidized Direct Loan is not awarded on the basis of need. You are responsible for any accruing interest during in-school and deferment periods. Interest accruing during those periods may be paid or capitalized as agreed by the borrower and lender.

Criteria for Eligibility
  • You must be enrolled at least half-time at Texas A&M University-Kingsville.
    • Undergraduate Students - 6 hours
    • Graduate Students - 5 hours
  • You must maintain Satisfactory Academic Progress.
  • You may not exceed annual or lifetime aggregate loan limits.
Direct Loan Limits

Annual and lifetime (total debt) limits for subsidized and unsubsidized student loans are mandated by the U.S. Department of Education. The amounts include the outstanding principal balance on the loans (excluding interest and other charges).

Click Here to view Direct Loan Limits


The Direct Parent PLUS loan is a federal loan that parents of dependent undergraduate students can apply for to help pay educational expenses. The loan is based on the parents' credit score and The U.S. Department of Education is the lender. The maximum loan amount is calculated by subtracting the student’s cost of attendance minus any other financial aid received.

How do I apply for a Direct PLUS Loan?

To apply for the Parent PLUS Loan the student must:

  1. Have a completed FAFSA submitted to TAMUK
  2. Must be enrolled in at least 6 hours of courses (half-time status)
  3. The student must meet the Satisfactory Academic Progress (SAP). New incoming freshman students automatically meet SAP requirements. Only one parent needs to apply online at https://studentaid.gov TAMUK is electronically notified of the application.

If the loan is approved, the parent must complete the Master Promissory Note at https://studentaid.gov/app/launchMpn.action. Once the university receives the electronic application, a Parent PLUS Authorization form will be sent to the parent to complete and return to the Office of Financial Aid. After the application is finalized, the calculated award will be added to the student’s award package. All funds are received electronically and are posted to the student’s billing account.

If the loan is not approved, the TAMUK Office of Financial Aid will automatically offer an additional $4000 unsubsidized loan award for the year to the student.

 


The Federal Direct Graduate PLUS (GradPLUS) loan is an affordable, low interest loan for graduate and professional students. You can borrow up to the total cost of attendance (minus any other financial aid awarded). If you are denied the Graduate PLUS loan due to an adverse credit history, you will not be eligible for any additional Unsubsidized Direct Loan. 

How do I apply for a Graduate PLUS Loan? 
To apply for the Graduate PLUS Loan the student must:
  • Have a completed FAFSA submitted to TAMUK
  • Must be enrolled in at least 5 hours of courses (half-time status)
  • The student must meet the Satisfactory Academic Progress (SAP). New incoming graduate students automatically meet SAP requirements.
  • Apply online at https://studentaid.gov. TAMUK is electronically notified of the application.

Texas A&M University-Kingsville highly recommends that you apply for the maximum annual amount available to you through the Direct Loan program before applying for the Graduate PLUS Loan.

Interest Rate
The Direct Graduate PLUS Loan has a fixed interest rate. To review the current interest rate on Grad PLUS loans, please visit: https://studentaid.gov/understand-aid/types/loans/plus/grad  

Repayment
Repayment is deferred until the student graduates or drops below half-time enrollment status.