Financial Aid Links
Financial Aid
Priority Deadlines:
Fall - April 15
Spring - October 15
Summer - March 15
First Possible Disbursement Dates:
Spring - January 18, 2011
Summer - June 6, 2011
Disbursements occur Mondays, Wednesdays and Thursdays.
All documentation must be completed prior to disbursement.
ATERNATIVE LOANS
Private Loan Programs
Many lenders have private alternative loan programs for students who have borrowed their annual maximum Federal Title IV Subsidized and/or Unsubsidized annual or aggregate loan limit and still have unmet need for the academic year.
A private loan is provided by a private educational lender that is not a title IV loan and that is issued expressly for postsecondary education expenses to a borrower, regardless of whether the loan is provided through the educational institution that the student attends or directly to the borrower from the private educational lender. A private education loan does not include—
- An extension of credit under an open end consumer credit plan, a reverse mortgage transaction, a residential mortgage transaction, or any other loan that is secured by real property or a dwelling; or
- An extension of credit in which the educational institution is the lender if—
(i) The term of the extension of credit is 90 days or less; or
(ii) An interest rate will not be applied to the credit balance and the term of the extension of credit is one year or less, even if the credit is payable in more than four installments.
Federal law requires that before a lender may disburse a private student loan to a borrower attending an institution of higher education, the lender must obtain a completed and signed self-certification form from the borrower. The Financial Aid Office can assist with providing the Cost of Attendance, Estimated Financial Assistance, and remaining need which is data required for the Self-Certification form. The lender must provide an Application Disclosure, an Approval Disclosure, and a Final Disclosure to the student.
You can go to http://www.aie.org/Calculators/Loan/index.cfm for a Loan Calculator. The Loan Calculator will give you an example of how much you will have to pay using a standard repayment method.
Comprehensive List of Private Educational Loan LendersUHV does not recommend, promote or endorse education loan products from private loan lenders. You are free to choose any lender; however, during the past 3 academic years, University of Houston-Victoria students have borrowed from the following lenders:
Access Group
Chase Bank
Citibank
College Loan Corporation
Discover
Education Resources Institute
ED Access
Sallie Mae
SunCoast Schools FCU
Texas Higher Education Coordinating Board - Hinson Hazlewood College Access Loans and B-On-Time Loans
Wells Fargo
