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

LOAN REPAYMENT

Students are required to repay their loans, even if they do not complete their education, cannot find a job after graduation, leave school or feel dissatisfied with the education they received. The responsibility of repaying student loans cannot be avoided. However, there are many helpful features during the repayment process that can help reduce or postpone payments for a period of time.

Repayment Plans

There are several different repayment plans to help manage loan payments. Students can choose a payment plan that is right for them at that particular time. Some of the repayment plans include:

  • Standard Repayment Plan – A student pays a minimum monthly amount (no less than $50) for 120 payments, or ten years. The monthly amount depends on how much money is borrowed.
    • Your monthly payment under the standard plan may be higher than it would be under the other plans because your loans will be paid off in the shortest amount of time.
  • Graduated Repayment Plan – A student pays a smaller monthly amount in the beginning of the repayment cycle and gradually increases the monthly payment over a ten year period.
  • Income Based Repayment – The required monthly payment is capped at an amount that is supposed to be affordable based on family income, family size and total federal loan debt. Students will pay on this plan for up to 25 years.
  • Income Contingent Repayment – Each year, the student's monthly payments will be calculated using their (and their spouses, if married) adjusted gross income, family size and total amount of Direct Loans owed. Student will pay on this plan for up to 25 years.
  • Consolidation Repayment Plan – Students combine all eligible loans into a new loan. Students can take up to 30 years to pay a consolidation loan which lowers their monthly payments. However, students will pay more interest on the loan because the repayment term is longer.
Loan Forgiveness
Deferment
Forbearance, Delinquency, and Default

 

 

 

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

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