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Types of Aid
Financial aid is money that helps you pay for college. Financial aid can be a combination of scholarships, grants, loans and work study.
- Scholarships and grants are “free money” that you do not need to repay.
- Loans need to be paid back when you enroll less than half-time or you graduate.
- A part-time job can also help you pay for school and living expenses.
By submitting a financial aid application and a scholarship application, you are reviewed for all the types of financial aid that you are eligible for. Remember: each student is eligible for different kinds of financial aid. The types of financial aid you are offered is based on the data provided on your financial aid and/or scholarship application. Financial aid is either need-based or non-need based. Financial need, and need-based aid eligibility, is determined by subtracting the EFC from the COA. Students are not allowed to receive aid that exceeds their Cost of Attendance.
Cost of Attendance (COA)
- Expected Family Contribution (EFC)
= Financial Need
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 awarded to international students only. The International TPEG is a grant program and funds do not have to be repaid.
The International Student Financial Aid Application (ISFAA) is open for the 2019-2020 school year. The priority date for the 2019-2020 ISFAA was May 1, 2019. You can find the ISFAA on the Forms page
. The 2020-2021 school year application will be available January 2020.
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.
- 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
* 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.
- 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.
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.
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 short-term loan funds and 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.
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 visit, repaying your student loans
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 after the Master Promissory Note has been signed and submitted to 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 provide instructions on how 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.
- You must be enrolled in at least 1 hour at Texas A&M University.
- You must have an active Texas A&M University student 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 terms are contingent upon the semester in which the loan is requested. All payments will be due on the 15th day of the month.
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 contact Student Business Services via telephone at 979-847-3337 for questions about your Emergency Tuition and Fee Loan repayment.
- 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.
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 visit, repaying your student loans
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.
The Human Resource Office assists Galveston students with employment opportunities.
The Mexican Citizens with Financial Need Waiver program was established by the State of Texas in order to permit a small number of individuals with financial need who are citizens of Mexico to enroll in a public university in Texas and pay the resident tuition rate.
Additional financial assistance for international students is available through International Student Services. Application deadlines vary. Please review each specific application for more details.
- You must be a citizen of Mexico and reside in Mexico.
- You must show financial need.
- You must attend an eligible Texas public university.
- To apply for this waiver, you must complete 2017-2018 or 2018-2019 International Student Financial Aid Application (ISFAA) from the Forms page and have a completed application no later than the 12th class day.
- The 2018-2019 International student Financial Aid Application (ISFAA) will be available January 2018.