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Loans

An educational loan is a legally binding contract that must be repaid with interest, even if you do not graduate, find a job, or if you are not satisfied with the education you received.

Good things to know about loans

  • You are not obligated to accept any loans offered to you if you do not need them.
  • Never borrow more than what you need when considering loans.
  • Pre-Loan and exit loan counseling is required on all loans.

CAL Loan

The College Access Loan Program (CAL) provides alternative education loans to Texas students who are unable to meet the cost of attendance. Maximum annual amounts are determine by our office and are subject to change depending on available funds. Interest rates are a fixed annual rate of 6.6%; this rate is subject to change.

Eligibility Requirements

  • You must be a Texas resident.
  • You must be enrolled at least half-time as an undergraduate, post-baccalaureate, or graduate student in a course of study leading to an associate, bachelor, graduate or higher degree or be enrolled in an approved Alternative Educator Certification Program.
  • You must meet Satisfactory Academic Progress requirements.
  • You must receive a favorable credit evaluation or provide a cosigner who has good credit standing and meets other requirements
  • You must receive additional counseling and exhaust all other federal aid before applying for this loan.
  • You must have FAFSA application on file.
  • You must apply for the loan at www.hhloans.com

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

Emergency Loan

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 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.
For more information regarding Emergency Loans, click here or contact the University's Business Office.

PLUS Loan

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 an 6.31% 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 Loan

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 3.76%. 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 Loan

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 5.31% 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 Unubsidized Loans, click here.

Entrance Loan Counseling
Before you are allowed to take out any loans, you must complete an Entrance Loan Counseling session. This can be done online when guaranteeing your loans or by attending an Entrance Loan Counseling Session at New Student Orientation.

Exit Loan Counseling
Should you take out any student loans, you will be required to complete an exit loan counseling session if:

  • You are graduating.
  • You are withdrawing from the University.
  • You are dropping below half-time enrollment status.
  • You are not enrolling or are no longer enrolled.

You may complete an Exit Loan Counseling session by attending one of our in-person exit programs on campus (please contact our office for dates and times) or online via the National Student Loan Data System (NSLDS). Failure to complete an Exit Loan Counseling session will result in a hold being placed on your student record. This hold will prevent you from registering for classes, obtaining transcripts, and other official academic matters.

Alternative ( Private) Loans - New

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 contract the Financial Aid Office
  • Less than 67% Completion Rate must contact Financial Aid Office
  • Different lending institutions will also have their own lending requirements

Exhaust Federal Student Aid Options First
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 resouces.
Application Process
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:
·         Search for an alternative loan lender through FastChoice.
·         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 ??. Click on the My Finances 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.
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.

Perkins Loan

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

The Federal Perkins Loan is a campus-based program available to both undergraduate and graduate students with exceptional financial need. The amount you can receive varies depending upon your financial need.. The interest rate for a Federal Perkins Loan is 5%. Repayment begins nine months after leaving school or dropping below half-time status.

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 demonstrate exceptional financial need.

For a full list of details and information about Perkins loans, click here.

If you received a Perkins loan while attending TX A&M-Corpus Christi, you can find out information on you 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