Loans

If you own a GSRA contract, TIAA offers a loan provision.

If you are married, your spouse must consent to the loan.

You cannot apply for a loan if you already have three or more outstanding loans.

You may borrow up to 45 percent of the funds remitted through the RF to your TIAA GSRA contract.

There is a $25 annual maintenance fee. The fee covers the cost to initiate the loan and maintain the loan on the your behalf.

The minimum loan is $1,000, and the maximum is $50,000. The loan amount you request may be reduced by any outstanding loans under this option. 

See the Benefits Handbook or Postdoctoral Employee Benefits Handbook for more information.