Loans
UTPB offers a variety of options to help you pay for your college education. The types of aid listed below require the following: be a U.S. citizen or eligible non-citizen; completion of the Free Application for Federal Student Aid each year by the established priority dates; maintain Satisfactory Academic Progress requirements; and at least half time enrollment in an eligible program at the university.
Some programs have restrictions based on established need, residency status, classification, and additional required documentation.
A loan is borrowed money that must be repaid with interest. If you withdraw from the University, never begin attending class(es), or stop attending classes, you may be subject to the Return of Title IV Repayment Policy.
The Differences Between Federal Student Loans
Direct SUBSIDIZED Loans
- Based on financial need
- Available only to undergraduate students
- Government does not usually charge you interest while you are in school or during your six-month grace period
Direct UNSUBSIDIZED Loans
- You can qualify regardless of your financial need
- Available to undergraduate and graduate students
- Government charges interest from the time the loan is disbursed through the life of your loan
| Undergraduate Students | Graduate Students | |||||
| Dependent | Independent | |||||
| Annual Limit | Max Subsidized | Annual Limit | Max Subsidized | Annual Limit | Max Subsidized | |
| 1st year | $5,500.00 | $3,500.00 | $9,500.00 | $3,500.00 | $20,500 for each year | |
| 2nd year | $6,500.00 | $4,500.00 | $10,500.00 | $4,500.00 | ||
| 3rd year and beyond | $7,500.00 | $5,500.00 | $12,500.00 | $5,500.00 | ||
| Total Loan Debt Limit | $31,000.00 | $23,000.00 | $57,700.00 | $23,000.00 | $138,500.00 | $65,500.00 |