Texas A&M University's Financial Aid - Division of Enrollment and Academic Services

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 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 upon by the borrower and lender.

Payment is automatically deferred until the borrower is no longer enrolled at least half-time. 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.

Interest Rates

Interest rates are fixed for the life of each student loan. Each academic year’s loans are considered independent of each other in terms of interest rates.   

Loans disbursed on or after July 1, 2022 and before July 1, 2023

Interest Rates

6.54%

Origination Fees

1.057%

Eligibility

• Complete the Free Application for Federal Student Aid (FAFSA).
• Enrolled at least half-time at Texas A&M University.
  • View Enrollment Status definitions.
• Maintain Satisfactory Academic Progress.
• Not exceed annual or lifetime aggregate loan limits. See Federal Direct Loan limits in the table below.

Award eligibility varies based on Enrollment Status. For details, please visit the Award Proration webpage.
 

Scroll Table Left and Right

Graduate/Professional Students
Unsubsidized Loan	$20,500/Academic Year
Maximum Total Debt*	$138,500 ($65,500 may be subsidized)
Public Health Graduate Students and Pharmacy Students
Unsubsidized Loan	$33,000-37,167/Academic Year***
Maximum Total Debt**	$224,000 ($65,500 may be subsidized)
Vet Med, Dental and Medical Students
Unsubsidized Loan	$40,500-47,167/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.
***The yearly loan limit for these majors changes year to year and is determined by the budget duration (number of months the student spends in school).

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. Once you have accepted a Direct Loan there will be a link for Loan Entrance Counseling under the Status tab. Follow the instructions to complete Loan Entrance Counseling on the Federal Student Aid website.

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 on the Federal Student Aid website.

For information visit, repaying your student loans.

The Federal Direct Graduate PLUS loan is designed to help pay for educational expenses not covered by other financial aid. Texas A&M advises students to use their federal, Direct Loans first before utilizing Graduate PLUS loans. Award amounts are not based on financial need, but a credit check is required. Students are eligible for this loan up to their Cost of Attendance less any other aid already accepted.

Eligibility

• Be enrolled at least half-time in a graduate or professional program
  • View Professional Enrollment Status definitions.
• Have a current Free Application for Federal Student Aid (FAFSA) on file with Texas A&M
• Complete the online application and entrance counseling on the Federal Student Aid website.

Interest Rate

Loans disbursed on or after July 1, 2022 and before July 1, 2023
7.54%

Origination Fees

Loans disbursed on or after October 1, 2020
4.228%

Repayment

Repayment is deferred until the student graduates or drops below half-time enrollment status. Interest will accrue during deferment. The student’s loan servicer will contact them about when the first payment is due. For more information visit, repaying your student loans.

How to Apply

The 2022-2023 Graduate PLUS loan application is currently available on the Federal Student Aid website.

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

• Log onto the Federal Student Aid website.
• ​Sign in using your FSA ID.
• Under “Apply for Aid”, 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 Graduate/Professional Direct Loan Entrance Counseling and the PLUS MPN for Graduate/Professional Students at this same website.
• Texas A&M University will receive your approved application and award the Graduate PLUS Loan.

• You have the option of appealing the denial on the Federal Student Aid website and will be provided with information on the appeal process during the application process.
• You also have the option of including an endorser, 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 visit, repaying your student loans.

How to Request an Increase

To increase your Graduate PLUS loan, you will need to follow these steps:

• Login to the Federal Student Aid website.
• Sign in using FSA ID
• Under "Apply for Aid", Click on “Apply for a Grad PLUS Loan”
• Start application
• Select award year
• Under reason for Direct PLUS Loan request, select “Change”.
• Select the Plus loan application you want to increase.
• Enter new total loan amount
• Submit request

Once submitted, the request will be processed within 1-3 business days. If submitted within 180 days of the original application, a new credit check will not be required.

The Health Professions Student Loan (HPSL) and the Loan for Disadvantaged Students (LDS) are loans administered by the Health Resources & Services Administration processed by Texas A&M University. HPSL is available to Doctor of Veterinary Medicine and Doctor of Dental Surgery students. The LDS is available only to Doctor of Veterinary Medicine students. These loans are awarded to students with financial need in their family, therefore parent information must be included on the FAFSA. Providing parent information will not affect your eligibility for other need-based aid. This loan has a 12 month (1yr) grace period after graduation before repayment begins. Interest does not accrue until after the grace period ends.  

After the application is complete and all documents are submitted, the information will be reviewed and this loan will be awarded based on financial need. Students will be notified by email if they are offered this award and will complete an electronic Master Promissory Note through Heartland ECSI before the award will disburse.

Application Process:

• Complete a FAFSA and include parent information on the FAFSA
• Complete the HPSL application through the Financial Aid Portal by June 1st
• Submit all documentation that has been requested through the Financial Aid Portal by June 15th
• Maintain Satisfactory Academic Progress​

Scroll Table Left and Right

Loan Type	Current Interest Rate
Health Professions Student Loan	5.00%
Loans for Disadvantaged Students	5.00%

For more information on the repayment process, visit Money Education.

View more information on Alternative Loans.

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.

Scroll Table Left and Right

Professional Programs	Term	Enrollment	Hours
Veterinary Medicine (DVM) Law (JD) Medicine (MD) Dentistry (DDS) Pharmacy (Pharm D)	Fall	Full time	12
		Three-quarter	9
		Half-time	6
	Spring	Full-time	12
		Three-quarter	9
		Half-time	6
	Summer	Full-time	8
		Three-quarter	6
		Half-time	4

Professional students must meet the minimum GPA requirement for Satisfactory Academic Progress:

• Veterinary Medicine Students 2.0
• Law Students 2.33
• Medical Students 2.0
• Dental Students 2.0
• Pharmacy Students 2.33

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 Short-Term Loan funds and financial aid refunds through the Howdy Portal, click on the My Finances tab. You can contact Student Business Services via phone at 979-847-3337 for questions about your Short-Term Loan repayment.

Applying

View the application for Short-term loans.

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.

Eligibility

• 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.
  • Veterinary Medicine Students 2.0
  • Law Students 2.33
  • Medical Students 2.0
  • Dental Students 2.0
  • Pharmacy Students 2.33

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 can contact Student Business Services via phone at 979-847-3337 for questions about your Emergency Tuition and Fee Loan repayment.

Applying

Apply for a loan.

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.

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 Graduate and Professional School. 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 posted after July 1, then it could affect a student’s financial aid package, and Scholarships & Financial Aid may have to reduce or cancel aid, such as loans and grants.

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 the Graduate and Professional School.