Loans

National Student Loan Data System (NSLDS) - Student Access
View information about your Title IV loans and/or Pell grant data

Teacher Loan Forgiveness Program (PDF)

Other Loan Forgiveness Programs

Loan Repayment Programs

Loan Consolidation Information


Teacher Loan Forgiveness Forms:

•  Teacher Loan Forgiveness application (PDF)
•  Teacher Loan Forbearance form (PDF)

Loan Deferment Forms:

•  In-School Deferment Request (PDF)
•  Unemployment Deferment Request (PDF)
•  Economic Hardship Deferment Request (PDF)
•  Parental Leave/Working Mother Deferment
     Request (PDF)
•  Temporary Total Disability Deferment Request (PDF)
•  Public Service Deferment Request (PDF)
•  PLUS Borrower with Dependent Student Deferment
     Request (PDF)

Federal Stafford Loan a Federal Family Education Loan Program (FFELP) designed to assist both students with demonstrated financial need and students with no financial need.   The loan may contain an interest subsidized portion (for needy students) and/or an unsubsidized portion (for non-needy students).  Students must meet the minimum eligibility requirement outlined in the Student Eligibility section.   Both undergraduate and graduate students are eligible to apply for a Stafford loan.  Federal Stafford Loans are either subsidized or unsubsidized.

• A Subsidized Loan is awarded on the basis of financial need. The government pays the interest on the loan until the student begins repayment or in periods of deferment. The interest rate on this loan is fixed at 6.8%.

• An Unsubsidized Loan is not awarded on the basis of financial need. Interest is accrued from the time the loan is disbursed until it is paid in full. Students can choose to pay the interest while they are in school or allow it to accumulate. The latter option will increase the amount to be repaid.  The interest rate on this loan is fixed at 6.8%.

The student must select a lender, which is typically a bank, savings and loan, or credit union.  Most schools maintain a list of most commonly used lenders to assist the student in making a selection.   Students should research each lender carefully and select from those lenders that offer the most incentives at time of repayment.  The grace period extends for six months from the date of graduation or the last date the student was enrolled at least half-time.  The minimum monthly payment is $50 and the maximum repayment period is 10 years.  Federal Stafford Loan annual borrowing limits at UTB/TSC are as follows:

	Dependent Students	Independent Students
Cumulative Hours Earned	Subsidized and/or Unsubsidized Amounts	May add Unsubsidized Amounts	Total Independent Students May Borrow
0-29	$3,500.00	$4,000.00	$7,500.00
30-59	$4,500.00	$4,000.00	$8,500.00
60-Bachelor	$5,500.00	$5,000.00	$10,500.00
5th Year (ACP Only)	$5,500.00	$5,000.00	$10,500.00
Graduate/Professional	$8,500.00	$10,000.00	$18,500.00

The amounts above are further limited by the cost of attendance and the amount of need remaining after other financial aid programs have been awarded.  Students can not change grade levels (loan limits) during an academic year. Grade level changes will occur at the beginning of the next academic year.  A student must have applied for a Federal Pell Grant before applying for a Federal Stafford Loan and must borrow the maximum allowable subsidized loan before applying for an unsubsidized loan.

Students who demonstrate a need for a portion or all of the annual limit will receive a subsidized loan and the federal government will pay the interest due to the lender for the period of time in which the student is eligible for an in-school deferment and for the duration of any grace period.   Students who do not demonstrate need for part or all of the annual borrowing limit may still receive an unsubsidized loan and pay their own interest during the time they are in school.  Payment of that interest may be delayed or capitalized based upon borrower preference.  At present, disbursement is made in the form of a check made payable to the student and sent to the institution.

Federal Parent Loan for Undergraduate Students (FPLUS) a program available to parents of dependent students wishing to borrow on behalf of that student in order to meet the cost of attendance.  The lender is typically a bank, savings and loan, or credit union. The student's parents must pass a required credit check from the lender in order to be eligible.  Beginning with new borrowers in late 1998-99, the interest rate will be set annually on July 1st at the 91-day T-bill plus 3.1% with a cap of 8.26%.  Interest begins to accumulate at the time the first disbursement is made. Within 60 days after the final loan disbursement, parents must begin repaying the Federal PLUS Loan. Disbursements will be made in the form of a co-payable check issued to the parent and the institution and sent to the institution.  The annual borrowing limit is the difference between the cost of attendance and the estimated financial assistance.