贷款
的 Federal Direct Loan Program provides eligibile students with 补贴, 未受资助的, or Parent Plus loans from the Department of Education to help eligible students cover the cost of higher education.
To receive any of these loan options from the 阿拉莫大学 区, students must submit a request within the loan request timeframe and meet the requirements. 的 processing time to be awarded is 4-6 weeks.
资格
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资格:
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- Student must be enrolled in at least 6 credit hours within their degree plan.
- Student must maintain Satisfactory Academic Progress (SAP)
- Student must complete any incomplete financial aid requirements including verification
- Student must have financial need as determined by the FAFSA (eligibility for subsidized loan only)
- 学生 loan request cannot exceed yearly or lifetime loan limits
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Parent Plus loans are available to help parents pay the remaining cost of their child's education. A credit check of the parent is performed during the application and the parent will make their selections on:
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- 的 loan amount requested
- 的 period that the loan will be paid such as fall only, fall and spring, spring only, and 夏天
- Whether any refund will go to the student or parent after the student's balance is paid
资格:
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- Student must be classified as Dependent as determined by the FAFSA
- Student must be enrolled in at least 6 credit hours within their degree plan
- Student must maintain Satisfactory Academic Progress (SAP)
- Student must complete any incomplete financial aid requirements including verification
- Parent applying must be biological, adoptive, or a stepparent.
- Parent applying must have good credit history, no defaulted student or Plus loans
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1. 完整的 the Federal Direct Loan Request through your ace account during our published 提交日期.
2. 完整的 Entrance Counseling 在studentaid.政府. This is counseling to ensure you understand your obligation to repay the loan.
3. 完成一个 Master Promissory Note (或然数) agreeing to the terms of the loan 在studentaid.政府.
4. 回顾我们的 Direct Loan 资格 page for all terms and conditions.
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1. 的 parent must complete the 家长附加贷款 Application 在studentaid.政府在 提交日期.
2. 的 parent must complete a Master Promissory Note (或然数) agreeing to the terms of the loan 在studentaid.政府.
Additional Requirements for Adverse Credit History
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- If the credit check was initially denied on the 家长附加贷款 Application, there are options for it to be approved with an endorsers credit or with an appeal 在studentaid.政府.
- If either of these options are approved, the parent must also complete PLUS Credit Counseling 在studentaid.政府.
- If the credit check was denied on the 家长附加贷款 Application, the student may be eligible to borrow additional 未受资助的 loans upon request and a review of eligibility. A Co-signer Statement from the parent and student must be submitted before the student is awarded additional 未受资助的 loans.
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补贴贷款
的 interest rate for a 补贴贷款 is published annually 在studentaid.政府. Interest on a 补贴 loan is covered by 的 Department of Education as long as a student maintains at least half-time enrollment.
未受资助的贷款
的 interest rate for an 未受资助的贷款 is published annually 在studentaid.政府. Interest will begin to accrue once it has been disbursed.
Although it is not required to make early payments on interest, any unpaid interest that accumulates will be added to the total principal balance owed at the time of repayment.
家长附加贷款
的 interest rate for a Parent Plus loan is published annually 在studentaid.政府. Interest will begin to accumulate for the parent that requested the loan once it has been disbursed.
补贴 & 未受资助的贷款
Repayment on the 补贴 & 未受资助的 loan is completed by the student and does not begin until after the first six months you leave school or drop below half-time enrollment (known as a grace period).
家长附加贷款
Repayment on the Parent Plus loan is completed by the parent and they can request for repayment to be deferred as long as their student remains enrolled.
学生 who fail to repay their loans are considered to be in default of their loan payments and are not eligible to receive future aid until the default status is either rehabilitated or paid in full. For more information regarding the consequences of defaulting on a Direct Loan visit the FSA Collections website.
学生 who are determined to have defaulted on loan payments obtained while at 阿拉莫大学 will be contacted by the Cennate i3Group. Cennate i3 is the only organization affiliated with 阿拉莫大学 for loan default purposes.
的 阿拉莫大学 区 has partnered with Ion Tuition, a self-help web tool, to assist current and former students understand their Federal Student 贷款. Creating an IonTuition account 将允许您:
- Check the status of your loan, payment amounts, due dates, and servicers in one location.
- Utilize budget and repayment calculators to assist with repayment options.
- Learn about alternative repayment option and solutions to avoid default.
Ion Tuition also contacts students by both phone and email. Any inquiries from students for servicing can be directed to 866-296-7955. Hours are: Mon-Thurs 8am - 8 pm, and Fri 8am - 5pm CST.
选择贷款
Alternative student loans are funded by private lending institutions. It is highly recommend that you seek available Federal Direct Loan options from a FAFSA before you apply for an Alternative loan as they offer more benefits such as lower 利率 and they don't rely on a student's credit.
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- Each private lender will have their own set of eligibility criteria, 利率, and repayment requirements.
- Alternative loans are based on a 学生的 credit history and often require a co-signer.
- Alternative loans are primarily used when federal aid and scholarships do not cover a student's Cost of Attendance (COA).
- 的 loan amount requested cannot exceed your Cost of Attendance (COA) minus other financial aid.
- Due to Federal Lending Laws, private lenders are required to provide multiple disclosures to the student borrower and to collect a Self-Certification Form.
- 的 lender will also request eligibility certification from the 阿拉莫大学 区. Please plan ahead as this process will take several weeks to complete.
