The Financial Need Loan is a short term loan from the University in the amount of 25% of tuition and fees, used as the initial payment to enroll the student in the Deferred Payment Plan. A $15 processing fee will be charged to the student account for enrolling in the Deferred Payment Plan. There is no other fee to enroll in the Financial Need Loan.

Eligibility for the loan: The Financial Need Loan is available to students who do not owe any prior term balances to the University and who meet either of the following criteria: a) Pell eligible, b) first time student with the University applying for Financial Aid.

To complete and submit the Financial Need Loan application:

• Click the Financial Need Loan Application button.
  
• Print out the blank document and enter the information. Forms are also available in the Welcome Center.
• Initial and sign the required sections.
• Submit the completed and signed loan application form along with a valid photo ID to either Student Business Services or the Welcome Center, both located in the Madla Building on the Main Campus. The signed and initialed application may also be scanned and emailed from your Jaguar email account to: BusinessOffice@tamusa.edu.  All loan applications submitted through email must be emailed through a student’s own Jaguar email account to be eligible for consideration.

Please allow 24 hours for review and determination of eligibility for the loan. After eligibility is determined, you will be notified by either Student Business Services or Financial Aid through your Jaguar email account.

If eligible and approved, Student Business Services will enter the Financial Need Loan on your student account and enroll you in the Deferred Payment Plan.

If not eligible for the loan, you are responsible for completing one of the three offered payment options. These may be seen at Student Business Services Payment Options.