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Repaying Your Student Loans

How much do I owe?

The National Student Data System (NSLDS) records your Federal student loan history, including disbursement amounts and dates, and your assigned loan servicers. Your total loan debt includes all outstanding loan principal and interest, plus any additional service fees charged by your servicer. This data should be checked, as you would all credit history, for updates and errors.

Since some student loans accrue interest while in school, during grace periods, and while in deferment or forbearance and repayment, the total debt may increase with time.

When do I begin repayment?
Federal Direct Subsidized and Unsubsidized loans have a six-month grace period. During the grace period, you do not need to make any payments on your loans. Your grace period begins once you drop below half-time enrollment; this includes graduating or withdrawing from the university.

Please remember: there is no penalty for repaying your student loan early. 
How much will my monthly payment be?

Many factors influence the monthly payment amount, total payout and length of repayment including:

  • Amount borrowed
  • Origination or other fees
  • Interest rate
  • Type of repayment plan

Monthly payments can be estimated using the Federal Student Aid Repayment Estimator. Several different options exist for repayment plans to suit a variety of financial situations. For details on repayment plans available, please visit StudentAid.gov.

Who do I pay?

Your loan will be held by an organization called a servicer; this is who you will send your monthly payments to. You may find out who your servicer is by visiting the National Student Data System. You should be notified by each servicer of all repayment information.

How much do I owe?

For information on how much you owe, contact the lender for each alternative loan. You can also see what you have borrowed while at Texas A&M on the Student Loan Debt Summary, found under the Resources tab in your Financial Aid Portal. Alternative Loans will not show up in the National Student Loans Data System.

How much will my monthly payments be?

Many factors can affect the monthly payment amount, total payout and length of repayment including:

  • Amount borrowed
  • Origination or other fees
  • Interest rate
  • Type of repayment plan
When do I have to begin repaying my loan?

Repayment terms for Alternative Loans will differ based on the lender and terms of your loan. The promissory note that you signed for your loan will contain your repayment terms, options, and responsibilities. Many lenders offer incentives for timely repayment and options for repayment plans. Some lenders also have options to delay payment on your loans (deferment), or temporarily stop or reduce your required payment (forbearance).

Who do I pay?

You will repay the lender that you took out the alternative loan with. If you need help to determine who you owe, contact the Money Education Center to meet with an Advisor.

How much do I owe?

The Texas B-On-Time Loan may be forgiven if certain requirements are met.  If your loan is not forgiven, you can find the balance that is owed by signing in to your Texas Higher Education Coordinating Board account.

How much will my monthly payments be?

Many factors can affect the monthly payment amount, total payout and length of repayment including:

  • Amount borrowed
  • Origination or other fees
  • Interest rate (if applicable)
  • Type of repayment plan

Loan balances under $30,000 have up to a ten-year repayment period with minimum monthly payments of $50. Loan balances of $30,000 or more have a repayment period up to 20 years;

When do I have to begin repaying my loan?

B-On-Time Loans have a six-month grace period. During the grace period, you do not need to make any payments on your loans. Your grace period begins once you drop below half-time enrollment; this includes graduating or withdrawing from the university.

Please remember: there is no penalty for repaying your student loan early

Who do I repay?

If your loan is not forgiven, it is repaid to the Texas Higher Education Coordinating Board.

How much do I owe?

You can find the balance that is owed on your College Access Loan by signing in to your Texas Higher Education Coordinating Board account.

How much will my monthly payments be?

Many factors can affect the monthly payment amount, total payout and length of repayment including:

  •  Amount borrowed
  • Origination or other fees (if applicable)
  • Interest rate
  • Type of repayment plan

Loan balances under $30,000 have up to a ten-year repayment period with minimum monthly payments of $50. Loan balances of $30,000 or more have a repayment period up to 20 years;

When do I have to begin repaying my loan?

College Access Loans have a six-month grace period. During the grace period, you do not need to make any payments on your loans. Your grace period begins once you drop below half-time enrollment; this includes graduating or withdrawing from the university.
Please remember: there is no penalty for repaying your student loan early.

Who do I repay?

Your College Access Loan is repaid to the Texas Higher Education Coordinating Board.

How much do I owe?
You may view your Federal Perkins Loan balance and make payments through Heartland ECSI. Perkins loans are also reported to the National Student Loan Data System (NSLDS).
When do I begin repayment?
The Federal Perkins loan has a nine month grace period. During the grace period, you do not need to make any payments on your loans. Your grace period begins once you drop below half-time enrollment; this includes graduating or withdrawing from the university.

Please remember: there is no penalty for repaying your student loan early. 
How much will my monthly payment be?
Many factors influence the monthly payment amount, total payout and length of repayment including:
  • Amount borrowed
  • Interest rate
  • Type of repayment plan
  •  Other fees, such as late payment charges
You can contact Heartland ECSI for more information on estimated monthly payments.
Who do I pay?
If you received your Federal Perkins Loans while attending Texas A&M University, you will repay those loans through Heartland ECSI.
Customer Contact Number: (888) 549-3274
ECSI Website: www.heartlandecsi.com
(Texas A&M University’s School Code is RM)
How much do I owe?
You may view your loan balance, make payments, and learn about repayment options by clicking on the Borrower/Student image at the center of the Heartland ECSI homepage.
When do I have to begin repaying my loan?
Health Profession Student Loans and Loans for Disadvantaged Students have a twelve-month grace period. During the grace period, you do not need to make any payments on your loans. Your grace period begins once you drop below half-time enrollment; this includes graduating or withdrawing from the university.
Please remember: there is no penalty for repaying your student loan early.
How much will my monthly payments be?
Many factors influence the monthly payment amount, total payout and length of repayment including:
  • Amount borrowed
  • Interest rate
  • Type of repayment plan
  • Other fees, such as late payment charges
You can contact Heartland ECSI for more information on estimated monthly payments.
Who do I pay?
Health Professions Student Loans and Loans for Disadvantaged Students are repaid to Texas A&M University through Heartland ECSI.
  • Customer Contact Number: (888) 549-3274
  • ECSI Website: www.heartlandecsi.com
    • (Texas A&M University’s School Code is RM)
How much do I owe?

Both Emergency Tuition and Fee Loans (ETFL) and Short Term Loans (STL) balances can be found at myaggieloans.tamu.edu

When do I have to begin repaying my loan?

For Emergency Tuition and Fee Loans:

  • Fall/Spring loans are due about 90 days after the loan is applied to your student billing account.
  •  Summer loans are due about 30 days after the loan is applied to your student billing account.

For Short-Term Loans:

  • You select the length of your repayment period on your loan application; this period can be anywhere between one and twelve months long.

For the exact due date on your ETFL or STL, check myaggieloans.tamu.edu.

If your 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. You may contact Student Business Services via telephone at 979-847-3337 for questions about your loan repayment.

How much will my payments be?

The entire balance of the loan is due by the set due date, but there are no monthly payments required on either of these loans There are no penalties for repaying your loan before the due date.

 
Who do I pay?

ETFLs and STLs can be repaid on myaggieloans.tamu.edu. Repayment terms are fixed for the semester in which you request the loan. All payments will be due on the 15th day of the month.

Depending on 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 your ETFL and make sure that your ETFL is repaid by the loan due date.