The UTSA Tuition and Fee Loan is not like a traditional loan. The tuition and fee loan is a way to delay payment if you cannot pay your tuition and fee bill by the payment deadline. The University charges a 5% annual interest rate for this delay of payment.
Who can apply?
To qualify for a tuition and fee loan you must:
- Be enrolled in a minimum of 3 credit hours
- Have no financial holds (Fiscal Services, parking, library fines, etc)
- Be at least 18 years of age (or have a cosigner*)
You do not have to be a recipient of financial aid to apply for a Tuition and Fee Loan.
*If you are under the age of 18, you will be unable to submit anelectronicsignature for the promissory note and mustsubmit it in person. Please email faloans@utsa.edu from yourpreferred email account. In the email, include your name, myUTSA ID, phone number and the name of your cosigner. A financial aid offer will contact you to schedule an appointment to meet with you and your cosigner in the John Peace Library (JPL) at MainCampus.
Application Process
The Tuition and Fee Loan online application is available:
Fall: August 1
Spring: December 1
Summer: May 1
You apply for the tuition and fee loan online by logging into yourmyUTSA Account Classic View.
Once logged in, follow these steps:
- Update your address and email if not currently valid
- Select the “Financial Aid” tab at the top
Note: You will be prompted to authenticate yourself through your DUO account when trying to access information after this point. Don’t have a DUO account? Click here to learn how to set it up. - Select “Tuition and Fee Loan Application – eSignature”
- Select the applicable enrollment term in the drop-down box and click “Submit Term”
This process will pull up the online tuition and fee loan application. You are welcome to request up to the amount of your tuition and fees or a smaller amount. The amount of any pending financial aid is taken into consideration. You may not exceed your tuition and fees. Please remember that housing, meal plan and other charges like parking cannot be enveloped in the tuition and fee loan.
To complete the application you will need:
- Your employer information
- Your spouse’s employer information (if married)
- References for 3 separate individuals*
*At least 2 must live at a different address than you and a minimum of 2 references must live in the United States. Without adequate references, your application will be declined.
Once the application is completed, you can electronically sign the application to submit for processing by Financial Aid and Scholarships.
All applicants for the Tuition and Fee Loan agree that the transaction may be conducted electronically, including but not limited to using digital signatures, in accordance with 2054.060. TX GOVT. CODE.
Application Processing Time
Once you submit your electronically signed Tuition and Fee Loan, your application is sent to be reviewed by Financial Aid and Scholarships. It takesone business day for us to review submitted applications. As such, tuition and fee loans will only be available up until the close of business on the day of the payment deadline. NOTE: During the summer semester, tuition and fee loans must be submitted and electronically signed no later than 4:30pm on the day of the payment deadline.
It is very important to not wait until the payment deadline to submit your electronically signed Tuition and Fee Loan. If you decide to resubmit the Tuition and Fee Loan after being declined, it will take another business day for the new application to be reviewed.
Approved Applications
If there are no errors present in your application, then it will be reviewed and approved. Once approved, you will receive a notification email to your preferred email as indicated in your myUTSA account. At this point, you will see the Tuition and Fee Loan on your billing statement. Once approved, your application is valid and you will now be responsible for paying it back by the deadline. No further action will be necessary on your part.
Tuition and Fee Loan Promissory Note
A copy of your Tuition and Fee Loan promissory note will be emailed to your preferred email account within 2-3 business days after the approval of your loan. You will want to print and retain this note for your records.
Declined Applications
Errors in your application could cause us to decline your application. An example would be providing insufficient references. If declined, you will receive an email to your preferred email as indicated in myUTSA account. At that point, you would need to either resubmit your application for reconsideration or, if the deadline to submit has passed, make other payment arrangements for your tuition and fees to prevent your classes from dropping. If your application is declined, your Tuition and Fee Loan will not be valid.
It is very important to not wait until the payment deadline to submit your electronically signed Tuition and Fee Loan. If you decide to resubmit the Tuition and Fee Loan after being declined, it will take another business day for the new application to be reviewed.
Loan Repayment
Your promissory note will indicate the date the balance is due and how much interest will be charged. The interest rate assessed is 5% per year, prorated to 90 days. The due dates are as follows:
Fall: November 30
Spring: April 30
Summer: July 31
If not paid by the deadlines, then a $10 late fee will be assessed and interest will continue to accrue. For more details regarding due dates, repayment, and repercussions for non-payment, please refer to your Master Promissory Note.
