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University of Houton-Victoria

Financial Aid Links

Cash Course 

Financial Aid
Priority Deadlines: 

 Fall - March 15

Spring - October 15

Summer - March 15

First Possible Disbursement Dates:

Spring 2013 - January 6, 2014

Spring 1st 8 week - January 6, 2014

Spring 2nd 8 week - March 17, 2014

Summer 2013 - May 287, 2014

Summer 1st 5 week - May 27, 2014

Summer 2nd 5 week - July 7, 2014

Disbursements occur Mondays, Wednesdays and Thursdays.

All documentation must be completed prior to disbursement.

Maximum Annual Loan Limits Chart
Federal Subsidized and Unsubsidized Direct Stafford Loans


Dependent Undergraduate Student Independent Undergraduate Student Graduate/Professional Student
1st Year $3,500 subsidized $2,000 unsubsidized $9,500—No more than $3,500 of this amount may be in subsidized loans. $20,500 unsubsidized
2nd Year $4,500 subsidized $2,000 unsubsidized $10,500—No more than $4,500 of this amount may be in subsidized loans.
3rd and 4th Years (each) $5,500 subsidized $2,000 unsubsidized $12,500—No more than $5,500 of this amount may be in subsidized loans.
Maximum Total Debt from Stafford Loans When You Graduate $31,000 No more than $23,000 of which can be subsidized $57,500 No more than $23,000 of this amount may be in subsidized loans. $138,500—No more than $65,500 of this amount may be in subsidized loans.
The graduate debt limit includes  loans received for undergraduate study.

 

The Direct Subsidized and Unsubsidized Loan program loan origination fee amounts for loans first disbursed on or after July 1, 2013 and before November 30, 2013 will be 1.051%.  Direct loans first disbursed on or after December 1, 2013 will have a 1.072% loan origination fee.

The Direct PLUS Loan program loan origination fee amounts for loans first disbursed on or after July 1, 2013 and before November 30, 2013 will be 4.204%. Direct loans first disbursed on or after December 1, 2013 will have a 4.288% loan origination fee.

The student does not have to pay the interest on the subsidized loan until 6 months after the student graduates, withdraws, or drops below half-time. Students must pay the interest on the unsubsidized loans immediately unless the student chooses to capitalize the interest payments. Capitalizing the interest increases the amount you will eventually have to repay.

Note: If you receive a Direct Subsidized Loan that is first disbursed between July 1, 2012, and July 1, 2014, you will be responsible for paying any interest that accrues during your grace period. If you choose not to pay the interest that accrues during your grace period, the interest will be added to your principal balance.

Interest Rate Table
Fixed Stafford Loan rates disbursed on or after July 1, 2011 through June 30, 2013

  • Undergraduate Subsidized Loans - 3.4%
  • Graduate Subsidized and all Unsubsidized Loans 6.8%

The subsidized loan cannot be more than the cost of education at one school, minus Expected Family Contribution and other financial aid received. The student’s eligibility equals the amount that remains or up to the maximum dollar figure posted in the loan application packet. The unsubsidized loans cannot be more than the cost of education at one school, minus other financial aid or up to the maximum dollar figure posted in the loan application.

If the student’s enrollment status changes, the loan amount may have to be recalculated. Information about deferments and consolidation of loans is available in the Office of Financial Aid or on the Texas Guaranteed Student Loan Corporation's website (http://www.tgslc.org/) or the Direct Loan Servicing website.