Founded in 1946, TTU has a passion for challenging students
academically and encouraging them to grow in their faith.
Federal Direct Loan
Year Amount for Dependent Students
|Independent (Or Parents denied Plus)|
|additional $4,000 unsubsidized|
|Sophomore $6,500||additional $4,000 unsubsidized|
|Junior $7,500||additional $5,000 unsubsidized|
|Senior $7,500||additional $5,000 unsubsidized|
The amount of Federal Direct Loan money that a student may receive in a year depends on what year of school they are in. The current maximum is $5,500 for first year students to a maximum of $7,500 for junior and above.
The above figures include both subsidized and unsubsidized Federal Direct Loans. For instance, if you are eligible (based on the FAFSA's EFC calculation) for a $3,000 subsidized Federal Direct Loan during your Freshman year, you may also take a $500 unsubsidized Federal Direct loan during the same year for a total of $3,500.
A low interest variable rate loan (currently 6.8%). Interest may be subsidized in cases where there is remaining need after other aid has been awarded. The loan requires no payments until after a six month grace period which begins when the student leaves school or graduates. The loan is then paid back on a 10 year repayment term. Provisions for extended repayment, deferment and cancellation may be available in some cases.
|2012-2013 Financial Aid Application||2013-2014 Financial Aid Application|
|Financial Aid Staff||Scholarship/Grant Opportunities|