One West University Boulevard, Brownsville, Texas 78520 | 956-882-8200

Loan interest rates and fees

Important Notice to All Graduate Borrowers

As a result of The Budget Control Act passed on August 2, 2011, by Congress, the Department of Education will no longer be funding subsidized loans for graduate and professional students. Loans will still be available at UTB for Graduate and Professionals; however the student will be responsible for all interest accruing on the loan(s).

Interest Rates

Direct Loans have low interest rates which are fixed for the life of the loan. The following rates are for loans borrowed after July 1, 2010:

Subsidized Loan

  • Undergraduate student – 3.4%
Unsubsidized Loan – 6.8%
Parent Loan (PLUS) – 7.9%
Graduate PLUS Loan – 7.9%

Loan Fees

All Federal Direct Loans are assessed a loan fee by the federal government to help reduce the cost of making these low-interest loans. The fees are as follows:

Subsidized and Unsubsidized Loans - 1.0%
Parent and Graduate PLUS Loans – 2.5%

 

 

 

Office of Financial Aid

 Enrollment Center @ The Tower, Main 1.100

Office Hours
8:00 a.m. - 5:00 p.m.

Phone: 956-882-8277
Fax: 956-882-8229
financialaid@utb.edu

For comments and questions, please contact the Webmaster.