TPEG Loans become available first and they don't last long (maybe 1-11/2 days), then the institutional loans are available.
Loan proceeds apply directly to your account and cover 100% of total tuition and fee charges for the current semester. Payments and financial awards are not taken into consideration when the loan amount is calculated for the current semester. A loan origination fee of 1.25% of the loan amount may be assessed depending upon the type of loan funds available.
Loan Duration:
Summer I and Summer II are classified as separate semesters.
Book Loans
Book loan proceeds are disbursed to you via check and mailed to your mailing address on record in PeopleSoft. The book loan is calculated at a rate of $35 per semester credit hour up to a maximum of $630 (18 credit hours). No interest or service charges are assessed on book loans. Loan duration for summer session is 30 days. Only one book loan per student per semester will be issued. Summer I and Summer II are separate semesters.
The TPEG, Institutional and Book Loans are due 35 days from the first day of school.
The Summer II session begins on July 7th. Second Summer students that apply for the Institutional loans will not be dropped from their classes for non‐payment. Late fees will not be assessed until August, so the second summer session students will have plenty of time to pay. Loans will not open again for Summer II session. ***If you are going to get both the Book Loan and the TPEG or Institutional Loan, you must initiate the TPEG Loan first.
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