Student Loans

The Federal Parent PLUS Loan is a loan borrowed by a parent on behalf of a child to help pay for tuition and school-related expenses. A PLUS Loan allows a parent to borrow the total cost of undergraduate education including tuition, room and board, and any other eligible school expenses, minus any aid the child is receiving in their name. The Plus Loan is a credit-based loan and requires good or favorable credit, or a cosigner. The interest rate on a PLUS loan is at a 7.60% fixed rate.

Eligibility Requirements

• You must be a U.S. citizen or eligible non-citizen.
• You must be enrolled at least half-time in an undergraduate degree program.
• You must demonstrate financial need.

The parent borrower must begin repayment of the loan within 60 days of the loan disbursement and they have up to ten (10) years to repay the loan. Parents can also request a deferment while their child is still at least a part-time student. Be aware that first-year, first-time borrowers must wait thirty (30) days from the beginning of the semester for the first disbursement.

For a full list of details and information about the Parent PLUS Loan, click here.

Direct Subsidized are federal student loans made available to college and university students to supplement personal and family resources, scholarships, grants, and work-study. Nearly all students are eligible to receive Direct Subsidized regardless of credit. The interest rate on the Subsidized Stafford Loan is currently fixed at 5.05%. The federal government pays the interest to the lender on the subsidized loans during the student's enrollment, during the grace period, and during authorized periods of deferment on a Subsidized Loan.

Eligibility Requirements

• You must be a U.S. citizen or eligible non-citizen.
• You must be enrolled at least half-time as an undergraduate, post-baccalaureate, or graduate student.
• You must have completed a FAFSA.
• You must have completed high school or equivalent (e.g., GED).
• You must not be in default or delinquent on any existing federal loan.
• You must meet Satisfactory Academic Progress requirements.

For a full list of details and information about Direct Subsidized, click here.

Direct Unsubsidized are federal student loans made available to students to supplement personal and family resources, scholarships, grants, and work-study. Nearly all students are eligible to receive Direct Unsubsidized regardless of credit. The Federal Unsubsidized program is open to students who may not qualify for Federal Direct Subsidized loans. This loan has the same terms and conditions as Subsidized Direct loans, except the government does not pay interest on the student's behalf. The unsubsidized interest rate is currently at 3.76% for Undergraduate Students and 6.60% for Graduate students.

Eligibility Requirements

• You must be a U.S. citizen or eligible non-citizen.
• You must be enrolled at least half-time as an undergraduate, post-baccalaureate, or graduate student.
• You must have completed a FAFSA.
• You must have completed high school or equivalent (e.g., GED).
• You must not be in default or delinquent on any existing federal loan.
• You must meet Satisfactory Academic Progress Requirements.

Be aware that first-year, first-time borrowers must wait thirty (30) days from the beginning of the semester for the first disbursement.

For a full list of details and information about Direct Unsubsidized Loans, click here.

Note: To delay the disbursement of funds towards semester expenses, start the loan process 30 days prior to the payment deadline.

Note: To prevent delay of payment of funds towards semester expenses, start the loan process application 30 days prior payment deadline.

Alternative (private) loans are administered and processed by private lending institutions to be used for educational costs after exhausting potentially more favorable federal and state financial aid options first. 

• Under 2.0 GPA must contact the Financial Aid Office
• Less than 67% Completion Rate must contact the Financial Aid Office
• Different lending institutions will also have their own lending requirements Exhaust Federal Student Aid Options First As a result of the Truth in Lending Act (TILA) of 2009, lenders are required to provide multiple disclosures to the borrower and to collect a Self-Certification Form from the borrower. Please keep in mind that due to these new requirements, your alternative loan disbursement may be delayed as required by this new law. Below is an example of what to expect if you apply for an alternative loan:

• Alternative loans are not part of the Federal student loan programs and should be used for circumstances where you have exhausted all other options in regards to financing your education. We highly recommend that you apply for financial aid using the Free Application for Federal Student Aid (FAFSA) prior to seeking an alternative loan. You may be eligible for the Federal William D. Ford (Direct) loan program. Benefits of the Direct Loans over an alternative loan may include lower interest rates and greater repayment options. Additional information about the Direct Loans can be found at TAMUCC Funding resources.

• Search for an alternative loan lender through FastChoice.
• Compare Private Loans with Credible
  Credible is the only student loan comparison tool that enables students and parents to compare unbiased, personalized and prequalified rates with no hidden fees and no impact to their credit. Credible is not a lender or a bank, we simply partner with the top student loan providers to
  offer a variety of competitive options . When considering a private student loan, it's important to compare rates, terms and repayment options across multiple lenders to ensure you get a loan that fits your financial situation. Credible is free to use and your information will remain secure. You can find out more about Credible and begin the process at credible.com/tamucc. 
• Apply online through the lender's website. You will receive an Application Disclosure Statement from the lender.
• Submit the Self-Certification Form to your lender. You may obtain a completed Self-Certification Form by logging in. Click on the My Finances tab and enter the Financial Aid Portal. It will be under Resources.
• If approved for the loan, you will be provided an Approval Disclosure Statement from your lender.
• Your lender will contact Scholarships & Financial Aid for certification that you meet certain requirements of the loan.
• After Scholarships & Financial Aid certifies your eligibility with your lender, you will receive a Final Disclosure Statement, and are allowed up to 3 days to cancel the loan before it disburses.
• Disbursement of alternative loan funds typically takes place ten business days after Scholarships & Financial Aid certifies the loan. 

Points to consider when choosing a lender

• Interest Rate – It may be capitalized: therefore, increasing the amount of money you ultimately owe. Consider using a cosigner. You may qualify for slightly lower rates.
• Fees – The interest rates and fees that you pay are based on your credit score and the credit score of your cosigner if you choose to use one.
• Borrower Benefits – These vary by lender.
• Repayment Terms – Some lenders require you to pay while you are in school. Others will defer payments until after graduation.
• Eligibility Requirements - Check the requirements for the loan.
• Refinancing Rates with Credible- Credible is a unique multi-lender marketplace for refinancing your student loans. Our approach is centered on transparency and true
  personalization that allows you to compare unbiased prequalified rates in under 3 mins. Credible’s technology will not only qualify graduates at a much higher rate versus any single lender, but it also does not impact your credit score or share your private information until you select an offer to proceed with. Credible is 100% free! You can find out more about Credible and begin the process credible.com/tamuccrefi 

Please use these general loan term dates when filling out an application. However, your loan will be processed using specific enrollment dates for your program. Loans can be disbursed up to 10 days prior to the start of classes, provided the lender has released the funds to Texas A&M University-Corpus Christi.

Emergency loans for payment of tuition and fees or supplies/textbooks are available through the University's Business Office on a limited funds basis.

Eligibility Requirements

• You must meet Satisfactory Academic Progress requirements.
• You must be enrolled and in good academic standing.
• You must have a good credit history with the University
• You must have a reliable means of repayment or have a co-signer.

Please be advised that at this time we are not awarding the Perkins Loan due to the Federal Close Out of the program.

If you received a Perkins loan while attending TX A&M-Corpus Christi, you can find out information on your outstanding loan by visiting the Campus Partners (www.campuspartners.com) web site. You can also contact Campus Partners at 800-334-8609 or at PO Box 2902, Winston-Salem, NC 27102