Institutional Loans

UT makes loans to students from institutional funds available. Funding is limited. Institutional loans are available to students who demonstrate financial need (determined by the FAFSA). New students are automatically considered for this loan upon receipt of the FAFSA.

A series of loan disclosures, loan entrance counseling, promissory note and a seven-day waiting period following the final disclosure are required before funds can be disbursed.

No interest accrues while students are enrolled at UT; interest rate is 5% in repayment. This loan goes into repayment six months after the student leaves UT. Deferment is not available on this loan.