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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.

FEDERAL LOANS


Federal Direct Loan Program

To learn about the Federal Direct Subsidized, Unsubsidized Parent PLUS and Graduate PLUS Loan Programs, we are providing a Direct Loan Website Link: https://www.StudentLoans.gov. Students and parents can explore the site for information about the Direct Loan Program, including helpful publications and tools to help manage their Direct Loans.

Steps to Complete the Loan Application Process

1. Students interested in applying for student loans must complete the Free Application for Federal Student Aid (FAFSA). 

If necessary, to request additional loan funds later in the year, complete a Federal Student Loan Request Form and return it to the Office of Financial Aid. It is recommended that the student should contact a Financial Aid Specialist prior to completing this form.

2. Once awarded, the student will need to accept, modify or decline the loan awards in MyUHV Self-Service (http://www.uhv.edu/LoginMyUHV.aspx)

3.New student loan borrowers are required to complete an Entrance Counseling session:

  • Helps you understand your rights and responsibilities as a student loan borrower
  • Provides information and terms to help you make the right choices
  • The website to complete the entrance counseling session is https://StudentLoans.gov

4. All new student loan borrowers attending UHV will need to complete a Direct Loan Electronic Master Promissory Note located at https://StudentLoans.gov. Please read "What to Expect" at the following website: https://StudentLoans.gov in order to understand the process of completing a Master Promissory Note.

When student borrowers graduate, withdraw from a term or drop below 1/2 time enrollment, he or she is required to complete an exit counseling session. The website to complete the exit counseling session is https://StudentLoans.gov. A Return of Title IV Funds will be calculated if a student withdraws, which may result in a balance owed to UHV.

5.You have the right to cancel all or a portion of the loan(s) by contacting our office within 14 days of the date the student was notified of his/her loan disbursement. The funds will be returned to your lender by either electronic funds transfer (EFT) or check.

 

 

Federal Direct Student Loans 2013-2014 Interest Rates

Effective for Loans With a First Disbursement on or After July 1, 2013

Loan Type

Student Grade Level

Cohort

Index Rate

Add-On

2013-2014 Fixed Interest Rate

Interest Rate Cap

First Disbursed On/After

First Disbursed Before

10-Year Treasury Note Index

Direct Subsidized Loans

Undergraduate Students

7/1/13

7/1/14

1.81%

2.05%

3.86%

8.25%

Direct Unsubsidized Loans

Undergraduate Students

7/1/13

7/1/14

1.81%

2.05%

3.86%

8.25%

Direct Unsubsidized Loans

Graduate/Professional Students

7/1/13

7/1/14

1.81%

3.60%

5.41%

9.50%

Direct PLUS Loans

Parents of Dependent Undergraduate Students and Graduate/Professional Students

7/1/13

7/1/14

1.81%

4.60%

6.41%

10.50%

Direct Consolidation Loans

N/A

Consolidation Loan Application Received on or after July 1, 2013

Interest rate remains the weighted average of the interest rates of the loans included in the consolidation, rounded up to the next higher one-eighth of one percent.  New law removes the 8.25% cap.