Financial Aid - Bridge Loan

What is it?
The Bridge Loan is used to defer TUITION AND FEES ONLY so that your financial aid process can be completed. It DOES NOT pay for BOOKS.

Who can qualify?
A student who has a COMPLETED financial aid file and is waiting to be awarded.

Are there any Exceptions?
If you are a Veteran and will be receiving Veteran's Educational Benefits, you must receive prior approval from the Veteran's Counselor in the Admissions Office.

Where do I apply?
You can fill out the application/promissory note at the Financial Aid Office. Please contact the office for specified dates for each term.

How does it work?
After we have approved your Bridge Loan, a standard amount will be placed on your account. The amount of your loan is based on the cost of your tuition and fees only. Any credit from financial aid, scholarships, or veteran' benefits applied to your account will be used towards payment of this loan.

When does it have to be repaid?
You agree to repay this loan, in full, regardless of any changes to your enrollment status no later than the established due date each term (approximately 45 days after the first day of classes for the regular fall and spring terms, and approximately 14 days from the first day of classes for summer and mini-terms).

What happens if I don’t repay it?
Please understand that unpaid loans will:
1) result in all courses being dropped for non-payment.
2) prohibit any future registration at Tyler Junior College
3) cause academic transcripts to be withheld from release
4) be turned over to an agency for collection and
5) result in a fee of $25.00 being added to your debt.

What happens if I withdraw?
Students must officially withdraw in the Registrar's Office to have their tuition and mandatory fees refunded. A portion of this loan must be repaid if you withdraw from classes on or after the official first day of class according to the established refund policy.

Do I have to have a Bridge Loan if I have been awarded a student loan?
Students who have already been awarded a student loan will not be required to have a Bridge Loan.  An FFELP Loan will now be placed on a student’s account that has already been awarded a student loan.  The FFELP Loan will defer the payments of tuition and fees until the student loan funds have been received.