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Types of Aid

Financial aid is federal, state, institutional and private fund(s) used to assist eligible students in funding their education. Financial aid can be a combination of scholarships, grants, loans and work study. Scholarships and grants are considered “free money” and require no repayment. Loans and work study are considered self-help aid because they require additional commitment from students. Most loans require repayment when a student becomes enrolled less than half time or graduates. Work study includes part-time employment either on or off campus with an employer who participates in the program.

The Teacher Education Assistance for College and Higher Education (TEACH) Grant Program was created to financially assist students who are seeking degrees in high-need fields and who anticipate teaching in those fields at the secondary or elementary level.

If you choose to participate in this program, you must agree to serve as a full-time teacher in a high-need field in a public or private elementary or secondary school that serves low-income students. If you fail to meet the requirements of the service obligation, the TEACH Grant funds you received will convert to a Federal Direct Unsubsidized Loan. You will then be required to repay the loan to the U.S. Department of Education. You will also be charged interest from the date the grant was disbursed. You may review more information about the obligations at teachgrant.ed.gov.
Eligibility
  • You must complete the Free Application for Federal Student Aid (FAFSA).
  • You must be a U.S. citizen or eligible non-citizen.
  • You must be enrolled in a TEACH Grant eligible degree program, and you must enroll in coursework necessary to begin a career in teaching or plan to complete such coursework.
  • You must score above the 75th percentile on a college admissions test (SAT, ACT, or GRE) or maintain a cumulative GPA of at least a 3.25.
  • You must complete a TEACH Grant Agreement to Serve and TEACH Entrance Counseling.
Award eligibility varies based on Enrollment Status. For details, please visit the Award Proration information page.
Current High-need subject areas
  • Bilingual Education and English Language Acquisition
  • Foreign Language
  • Mathematics
  • Reading Specialist
  • Science
  • Special Education
Other identified teacher shortage areas as of the time you begin teaching. Teacher subject shortage areas (not geographic areas) are listed in the U.S. Department of Education's Annual Teacher Shortage Area Nationwide Listing available at ed.govSchools serving low-income students include any elementary or secondary school that is listed in the U.S. Department of Education's Annual Directory of Designated Low-Income Schools for Teacher Cancellation Benefits. To access the directory, please go to tcli.ed.govIf you feel that you qualify for the TEACH Grant, please send an inquiry email to Scholarships & Financial Aid from your TAMU email account and include your University Identification Number (UIN) so that we may review your eligibility.

Once a TEACH Grant has been disbursed, TEACH Grant recipients are serviced by FedLoan Servicing. For more information, please visit myfedloan.org/teach-grants/index.shtml?ref=mURL

For more information, please visit the TEACH Grant FAQs.
The Texas Aggie Graduate Grants are need-based awards (need is determined by Scholarships & Financial Aid) for Texas residents attending the College Station campus. Each student may receive up to $1,500 per semester in the fall and spring and $750 per semester in the Summer, with a maximum of $3,000 per year.
Eligibility
  • You must be a Texas resident.
  • You must have completed and submitted a FAFSA or TASFA.
  • You must be enrolled in a degree-seeking graduate program at Texas A&M (G7 or G8 status) or a graduate certificate program at the Bush School of Government and Public Service.
  • You must be enrolled at least half-time for the semesters you receive the grant (5 hours for Fall or Spring, 3 hours for a Summer session).
  • Students are not eligible to receive this grant in the same semesters they receive tuition payments (university, federal, state, veterans benefit, corporate, or other tuition assistance).
  • Students are not eligible to receive this grant in the same academic year they receive major scholarships/fellowships (totaling $10,000 or more for Masters, $15,000 or more for Doctoral).
Applying
The TAGG application is located on the forms page of this website.

Note: Students in professional programs (Colleges of Veterinary Medicine, Medicine, Nursing, Pharmacy, Dentistry, Public Health and School of Law) need not complete this application in order to be considered for Texas Aggie Graduate Grant funds.
The Texas Public Education Grant (TPEG) is a program administered by the State of Texas to provide assistance to students with financial need, seeking a first bachelor's degree, graduate degree or professional degree. This is a grant, and it does not have to be repaid. This fund does not require a separate application. It is awarded through the standard process based on the FAFSA/TASFA applications received.
Eligibility
Award eligibility varies based on Enrollment Status. For details, please visit the Award Proration information page.
Helpful Links
College For All Texans
Free Application for Federal Student Aid (FAFSA)
The Texas Public Education Grant (TPEG) is a program administered by the State of Texas to provide assistance to students with financial need, seeking a first bachelor's degree, graduate degree or professional degree. This is a grant, and it does not have to be repaid. The International Texas Public Education Grant is available for international students only. The International TPEG is a grant program and funds do not have to be repaid.
Eligibility
Award eligibility varies based on Enrollment Status. For details, please visit the Award Proration information page.
Applying
The International Student Financial Aid Application (ISFAA) is open for 2016-2017 school year. The priority date for the 2016-2017 ISFAA is May 1, 2016. The application can be found on our Forms page.

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.

Payment is automatically deferred until the borrower is no longer enrolled on at least half-time basis. At the time the borrower is no longer enrolled half-time, a six month grace period begins prior to entering repayment. Interest on Direct Unsubsidized Loans continues to accrue during the grace period.
Eligibility
  • You must complete the Free Application for Student Financial Aid (FAFSA).
  • You must be enrolled at least half-time at Texas A&M University.
  • You must maintain Satisfactory Academic Progress.
  • You may not exceed annual or lifetime aggregate loan limits. See Direct Loan Limits below.
Award eligibility varies based on Enrollment Status. For details, please visit the Award Proration information page.
Interest Rates
Loans disbursed on or after July 1, 2016 and before July 1, 2017
Scroll Table Left and Right
Loan Type Interest Rate
Formula
Interest Rate
for 2016-2017**
Unsubsidized Direct Loans T* plus 3.60% 5.31%
*T equals the 10 year T-Bill rate
**Fixed over life of loan
Loans disbursed on or after July 1, 2017 and before July 1, 2018
Scroll Table Left and Right
Loan Type Interest Rate
Formula
Interest Rate
for 2017-2018**
Unsubsidized Direct Loans T* plus 3.60% 6.00%
*T equals the 10 year T-Bill rate
**Fixed over life of loan
Origination Fees
Scroll Table Left and Right
Loan Type Origination Fees
On or after
October 1, 2015
On or after
October 1, 2016
Unsubsidized Direct
Loans (all students)
1.068% 1.069%
Other Important Direct Loan Information
Please see the Direct Loan Limits and Direct Loan Counseling information below.
StudentAid.gov

For information on repaying your student loans, click here.
Annual and lifetime (total debt) limits for Direct Subsidized and Unsubsidized Loans are mandated by the U.S. Department of Education. The amounts include the outstanding principal balance on the loan(s) and not interest or other charges incurred.
 
Scroll Table Left and Right
Graduate/Professional Students
Unsubsidized Loan $20,500/Academic Year
Maximum Total Debt $138,500 ($65,500 may be subsidized)
School of Public Health Graduate Students
Unsubsidized Loan $33,000/Academic Year
Maximum Total Debt $224,000 ($65,500 may be subsidized)
*All “Maximum Total Debt” amounts (lifetime limits) include both DIRECT and FFELP subsidized and unsubsidized loans.
**The graduate total debt limit includes subsidized and unsubsidized student loans received during undergraduate study.
***Effective for new Direct Loans for which the first disbursement is made on or after July 1, 2013, Subsidized Direct Loan eligibility is limited to a maximum of 150% of the student’s current academic program length.


For information on repaying your student loans, click here.
Each student receiving a Subsidized or Unsubsidized Direct Loan for the first time at Texas A&M must complete Loan Entrance Counseling.
Entrance Counseling
Please visit the Howdy Portal. Then click the My Finances tab and enter the Financial Aid Portal. Select the current academic year, there will be a link for Entrance Counseling under the Status tab. Follow the instructions for loan counseling.

Online counseling may require the use of specific browsers and/or browser settings. If you encounter difficulties completing a counseling session, please notify Scholarships & Financial Aid.
Exit Counseling
Upon withdrawing, graduating, dropping below half-time, or simply not returning, you will be sent information on any of the following that apply to you:
  • Federal Direct Loans (Subsidized and Unsubsidized)
  • Federal Direct Graduate PLUS Loans
Online counseling can be completed at studentloans.gov.

For information on repaying your student loans, 
click here.
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.
Eligibility
  • You must be a graduate or professional student.
  • You must be enrolled at least half-time.
  • You must file a Free Application for Federal Student Aid (FAFSA).
  • You must complete Graduate PLUS entrance counseling available on Howdy through the Financial Aid Portal.
Award eligibility varies based on Enrollment Status. For details, please visit the Award Proration information page.

Texas A&M University highly recommends you apply for the maximum annual amount available to you through the Direct Loan program before applying for the Graduate PLUS Loan.
Interest Rate
Loans disbursed on or after July 1, 2016 and before July 1, 2017
Scroll Table Left and Right
Loan Type Interest Rate
Formula
Interest Rate
for 2016-2017**
Graduate PLUS Loans T* plus 4.6% 6.31%
*T equals the 10 year T-Bill rate
**Fixed over life of loan
Loans disbursed on or after July 1, 2017 and before July 1, 2018
Scroll Table Left and Right
Loan Type Interest Rate
Formula
Interest Rate
for 2017-2018**
Graduate PLUS Loans T* plus 4.6% 7.00%
*T equals the 10 year T-Bill rate
**Fixed over life of loan
Origination Fees
Scroll Table Left and Right
Loan Type Origination Fees
On or after
October 1, 2015
On or after
October 1, 2016
Graduate PLUS Loans
4.272% 4.276%
Repayment
Repayment is deferred until the student graduates or drops below half-time enrollment status.
How to Apply

The 2017-2018 Federal Direct Graduate PLUS loan application on studentloans.gov will become available beginning April 15, 2017.

Federal Graduate PLUS loans are based on credit, therefore in order to apply:

  • Log onto the StudentLoans.gov website.
  • Sign in using your FSA ID.
  • Click on "Apply for a Plus Loan".
  • Select Direct PLUS Loan Request for Graduate/Professional Student Borrowers.
  • Follow through all steps of the application and submit.
  • You will receive an instant credit decision after submitting the application.

If approved:

  • Complete the PLUS MPN for Graduate/Professional Students through StudentLoans.gov.
  • Complete Graduate/Professional Direct Loan Entrance Counseling through StudentLoans.gov.
  • Texas A&M University will receive your approved application and award the Graduate PLUS Loan.
If denied:
  • You have the option of appealing the denial through StudentLoans.gov and will be provided with information on the appeal process during the application process.
  • You also have the option of attaching an endorser on the loan, which is like a co-signer.
  • If your loan is later approved, Texas A&M University will receive your approved application and award the Graduate PLUS Loan.
For information on repaying your student loans, click here.
The Federal Perkins Loan is a low interest loan for both undergraduate and graduate students with financial need. The loan is funded by the federal government, but the school acts as the lender. All payments on the Perkins loan will be made to Texas A&M University.

*** Effective October 1, 2016 this program is no longer being funded for Graduate programs***
Interest Rate
Fixed rate of 5% - Interest will begin to accrue 9 months after you graduate or drop below half-time enrollment.
Loan Limits
  • Graduate Students
    • Annual Limits - $8,000
    • Lifetime Limits - $60,000*
* includes undergraduate amounts 

For information on repaying your student loans, click here.
The Short-term Loan Program is funded by the Texas A&M University Association of Former Students, the Texas A&M University Class of 1926, University departments, as well as colleges and friends of Texas A&M University.

Short-term loan funds were established to provide assistance to students who experience temporary financial difficulty in connection with educational or educationally related expenses other than tuition and required fees.
Eligibility
  • You must be enrolled at least half-time.
    • Graduate Students – 5 hours for fall and spring; 3 hours for summer
  • Graduate students must have at a least a 3.0
Interest Rate & Processing
  • 8%* simple interest per annum.
  • A $10 processing charge is assessed on each loan. This charge will be added to the amount of the loan requested.
* If the loan is not paid by the due date, additional late charges of 0.5% per month will accrue on the unpaid principal balance until paid in full.
Right to Cancel
As a result of the Truth in Lending Act (TILA) of 2009, Scholarships & Financial Aid must allow a three full business days Right to Cancel period after the signed promissory note is submitted before funds can be released to your student account. This will create a delay in your ability to receive Short-term loan funds. This requirement became effective February 14, 2010.

Please plan accordingly, knowing that Short-term Loan funds cannot be released for three business days after you have submitted a signed promissory note.
Repayment
These loans must be repaid with interest within a prescribed repayment period ranging from one to twelve months.

If the loan is not paid in full by the due date, both transcripts and registration will be blocked until the account is paid in full. Past due loans are subject to collection fees, attorney fees, higher interest rates, as well as negative credit reports to national credit bureaus.

Information on where to repay your loan will be included on your promissory note.

If you have direct deposit (ACH) set up before applying for a Short-term loan it will take 3-5 business days from the end of the Right to Cancel period for your money to be deposited to your bank account. You may authorize direct deposit of financial aid refunds through the Howdy Portal at howdy.tamu.edu, click on the My Finances tab. You may contact Student Business Services via telephone at 979-847-3337 for questions about your short-term loan repayment.
Applying
The application for Short-term loans is available online at sfaid.tamu.edu/stlapp.

Note: Once approved for a loan students will be instructed via email to sign a promissory note before funds can be released. Instructions will be sent to the student’s official Texas A&M University email address. Students who are eligible will be directed to DocuSign for identity authentication, to electronically sign the promissory note, and to obtain a disclosure notice with additional information on the loan the student has been approved to receive. Students who are not eligible to authenticate using an electronic signature will be sent instructions on completing the promissory note with a wet signature.

For more information, view Short-term Loans FAQs and Short-term Loans Acceptable Expenses.
For information on repaying your student loans, 
click here.
The Emergency Tuition and Fees Loan (ETFL) is available to help you pay your Texas A&M University tuition and required fees. This loan will be applied directly to your tuition and fee account within six days after the Master Promissory Note has been signed and submitted to the Office of Scholarships & Financial Aid. If you have signed a Master Promissory Note for an Emergency Tuition and Fees loan from a prior semester, you do not have to sign another promissory note.

An email will be sent to you after the loan has been approved and will alert you if you need to work with our office to sign a promissory note.

Depending upon timing, your financial aid refund may be applied toward your ETFL, but this is not always the case. It is your responsibility to use any refunds issued to you to repay an outstanding ETFL and to ensure your outstanding ETFL balance is at zero by the loan due date.
Eligibility
  • You must be enrolled in at least 1 hour at Texas A&M University.
  • You must have an active Neo email Account.
  • You must be clear of all financial blocks with Texas A&M University.
  • You must meet minimum GPA requirements.
    • Graduate Students – 3.0 minimum GPA
Interest Rate & Processing
  • 5% simple interest rate
  • A $10 processing fee is assessed on each loan. This charge will be added to the amount of the loan you are approved to receive.
Repayment
Repayment terms are contingent upon the semester in which the loan is requested. All payments will be due on the 15th day of the month.
  • Fall/Spring loans are due approximately 90 days after the loan is applied to your student billing account.
  • Summer loans are due approximately 30 days after the loan is applied to your student billing account.
If the loan is not paid in full by the due date, both transcripts and registration will be blocked until the account balance is paid in full. You may authorize direct deposit of short-term loan funds or financial aid refunds through the Howdy Portal at howdy.tamu.edu, click on the My Finances tab. You may contact Student Business Services via telephone at 979-847-3337 for questions about your short-term loan repayment.
Applying
Apply online at sfaid.tamu.edu/stlapp.

Note: Once approved for a loan students will be instructed via email to sign a promissory note before funds can be released. Instructions will be sent to the student’s official Texas A&M University email address. Students who are eligible will be directed to DocuSign for identity authentication, to electronically sign your promissory note, and to obtain a disclosure notice with additional information on the loan you have been approved to receive. Students who are not eligible to authenticate using an electronic signature will be sent instructions on completing the promissory note with a wet signature.

For more information, please visit Emergency Tuition & Fees Loan FAQs.
For information on repaying your student loans, 
click here.

Graduate students may be hired as teaching, research or non-teaching assistants and work an average of twenty hours per week. The Student Employment Office posts assistantship opportunities via Jobs for Aggies.

If you are a graduate student interested in acquiring an assistantship, you should contact your graduate advisor for help. Teaching and research graduate assistants are paid monthly. Non-teaching graduate assistants are paid bi-weekly for hours worked. You should contact your hiring departments regarding fringe benefits.

Assistantships are not counted as a resource to your financial aid packet.
Many different fellowships are available through departments, colleges, and the Office of Graduate Studies. Ordinarily, graduate students holding fellowships are not required to perform any services. Many competitive fellowships of $1,000 or greater per academic year also allow students to pay tuition at the in-state rate. Fellowships packages vary from $1,000 to over $30,000 and some do include funds for insurance and tuition and fees.

Scholarships & Financial Aid’s role for fellowships is to ensure that they are counted as a resource towards a student’s financial aid packet since they contribute to educational expenses. Fellowships can be lump sum (One Payment) or monthly (which are monthly payments) in a semester. Departments or Colleges are permitted to determine which way a fellowship is to be paid. Scholarships & Financial Aid establishes fellowship payment dates annually according to the academic calendar. These dates cannot be changed due to how funds are to be disbursed in Scholarships & Financial Aid.

Fellowships must be awarded to a student’s account before July 1 for the following academic year. This will allow Scholarships & Financial Aid time to review each student’s account to ensure the fellowship will not have an impact on other aid. If an award is added after July 1, it will affect the student’s financial aid and we may have to  return funds, such as loans and/or reduce aid.

Fellowships are usually a stipend provided to a student to assist with living and educationally related expenses. Scholarships are lump sum payments and are an award provided to a student based on his/her performance on a scholarship application or financial need.

For more information on a fellowship you can visit ogs.tamu.edu.
Scholarships are a great source of funding for higher education. We encourage you to apply with many organizations and scholarship providers in addition to the Texas A&M scholarships. Please visit scholarships.tamu.edu for more information.
College Station students:

The Student Employment Office is designed to help students pursue their educational goals by providing employment resources and professional development opportunities. Additionally, the Student Employment Office provides the human resources function for students and employers of students at Texas A&M University. College Station students can visit jobsforaggies.tamu.edu for more information.

Galveston students:


The Human Resource Office assists Galveston students with employment opportunities. Information can be found here.

 
Note: Only current seniors or students who have graduated from TAMU who have applied for financial aid at TAMU for the current academic year are eligible to request GRE Fee Reduction.

Please allow 5-7 business days to process your request. If you meet the eligibility requirements, you will receive your GRE Fee Reduction Certificate by mail to the address provided and additional instructions for exam registration. You may also request to pick up the GRE Fee Reduction Certificate on the 2nd Floor of Pavilion once you have been alerted your packet is ready. Once received, your fee reduction certificate materials and registration form(s) must be sent together to GRE in an envelope with the GRE Information and Registration Bulletin. The bulletin is available from GRE® Information and Registration Bulletin and Forms

The exact amount of the reduction is determined by Educational Testing Services (ETS), the administrators of the GRE. It is generally 50 percent of the full test fee, but may vary depending on the tests you take.

Submit your request to scholarships@tamu.edu along with your full name, UIN, mailing address, and date of exam. You will also need to state whether you will be taking a computer-delivered GRE, Paper-delivered GRE, or GRE Subject Test.
Types of Federal Student Aid

Texas Aggie Graduate Grant is a need based award for graduate students