||TPEG/Tuition Loan - Students MUST be enrolled in the payment plan. If students are not enrolled in the payment plan, SRSU will enroll the student in the payment plan and charge a $25 enrollment fee.
||Applicants, in most cases must be enrolled at least half-time and be in good academic and disciplinary standing. Students on Academic or Disciplinary Probation may not be eligible. Loans shall not be given to students in default on other student loans.
||The maximum loan amount will not reflect the amount of financial aid awarded to the student.
||In addition to the eligibility requirements, loan approval will be determined based on prior loan repayment records and the availability of loan funds. To be approved, the student’s financial aid file must be complete.
||Disbursement will be made only after the student has enrolled and signed a promissory note with the Financial Aid Office.
||A repayment schedule will be included as part of each promissory note. Payments shown on that schedule must be made to the University Cashier before 4:00 p.m. on the date(s) scheduled. Your failure to comply with a scheduled payment may result in all outstanding payments becoming immediately due and payable. If loan is not paid by the last day of the current semester the loan will be sent to a Collection Agency.
|HOGG Loan Interest
(Books, Off-Campus Housing)
|Students will be charged interest at the rate of 12% per annum against the outstanding principle balance of the loan.
|TPEG Loan Interest
(Tuition, On-Campus Housing)
|Students will be charged interest at the rate of 5% per annum against the outstanding principle balance of the loan.
||When a loan is placed with a Collection Agency, collection costs and fees will be added to any outstanding principle and interest.
I certify that all information contained in this application is true, complete, and correct to the best of my knowledge and belief. I hereby authorize Sul Ross State University to verify any or all information provided in this application. I have read, understand and agree to all policies and procedures as stated on the back of this application.
You (and your guarantor) must sign below certifying the accuracy of the information provided on this form and certifying that this loan will be repaid, if it is approved. Any loan funds approved with be disbursed to the student account, and refunded or applied as appropriate.
If the loan is not paid by the last day of the current semester the loan will be sent to a Collection Agency.