Loans

The College Access Loan Program (CAL) provides alternative education loans to Texas students who are unable to meet the Cost of Attendance. 

When certifying a CAL, Institutions are confirming that the amount of the requested loan is $100.00 or higher and not to exceed the difference the student’s COA and other forms of financial assistance for which the student is eligible ( SUB/UNSUB). 

Applicants certified on or after May 1, 2019, will carry a fixed annual interest rate of 5.2%.

Applicants certified after May 1, 2020, will carry a fixed annual interest rate of 4.20%. 

Please use general loan term dates when filling out an application. However, your loan will be processed using specific enrollment dates for your program.

Eligibility Requirements

• You must be a Texas resident.
• You must be enrolled at least half-time as an undergraduate, post-baccalaureate, or graduate student in a course of study leading to an associate, bachelor, graduate, or higher degree or be enrolled in an approved Alternative Educator Certification Program.
• You must meet Satisfactory Academic Progress requirements.
• You must receive a favorable credit evaluation or provide a cosigner who has good credit standing and meets other requirements
• You must receive additional counseling and exhaust all other federal aid before applying for this loan.
• You must have FAFSA application on file.
• You must apply for the loan at www.hhloans.com

For a full list of details and information about the CAL Loan, click here.

Emergency loans for payment of tuition and fees or supplies/textbooks are available through the University's Business Office on a limited funds basis.

Eligibility Requirements

• You must meet Satisfactory Academic Progress requirements.
• You must be enrolled and in good academic standing.
• You must have a good credit history with the University
• You must have a reliable means of repayment or have a co-signer.

The Federal Parent PLUS Loan is a loan borrowed by a parent on behalf of a child to help pay for tuition and school-related expenses. A PLUS Loan allows a parent to borrow the total cost of undergraduate education including tuition, room and board, and any other eligible school expenses, minus any aid the child is receiving in their name. The Plus Loan is a credit-based loan and requires good or favorable credit, or a cosigner. The interest rate on a PLUS loan is at a 7.60% fixed rate.

Eligibility Requirements

• You must be a U.S. citizen or eligible non-citizen.
• You must be enrolled at least half-time in an undergraduate degree program.
• You must demonstrate financial need.

The parent borrower must begin repayment of the loan within 60 days of the loan disbursement and they have up to ten (10) years to repay the loan. Parents can also request a deferment while their child is still at least a part-time student. Be aware that first-year, first-time borrowers must wait thirty (30) days from the beginning of the semester for the first disbursement.

For a full list of details and information about the Parent PLUS Loan, click here.

Direct Subsidized are federal student loans made available to college and university students to supplement personal and family resources, scholarships, grants, and work-study. Nearly all students are eligible to receive Direct Subsidized regardless of credit. The interest rate on the Subsidized Stafford Loan is currently fixed at 5.05%. The federal government pays the interest to the lender on the subsidized loans during the student's enrollment, during the grace period, and during authorized periods of deferment on a Subsidized Loan.

Eligibility Requirements

• You must be a U.S. citizen or eligible non-citizen.
• You must be enrolled at least half-time as an undergraduate, post-baccalaureate, or graduate student.
• You must have completed a FAFSA.
• You must have completed high school or equivalent (e.g., GED).
• You must not be in default or delinquent on any existing federal loan.
• You must meet Satisfactory Academic Progress requirements.

For a full list of details and information about Direct Subsidized, click here.

Direct Unsubsidized are federal student loans made available to students to supplement personal and family resources, scholarships, grants, and work-study. Nearly all students are eligible to receive Direct Unsubsidized regardless of credit. The Federal Unsubsidized program is open to students who may not qualify for Federal Direct Subsidized loans. This loan has the same terms and conditions as Subsidized Direct loans, except the government does not pay interest on the student's behalf. The unsubsidized interest rate is currently at 3.76% for Undergraduate Students and 6.60% for Graduate students.

Eligibility Requirements

• You must be a U.S. citizen or eligible non-citizen.
• You must be enrolled at least half-time as an undergraduate, post-baccalaureate, or graduate student.
• You must have completed a FAFSA.
• You must have completed high school or equivalent (e.g., GED).
• You must not be in default or delinquent on any existing federal loan.
• You must meet Satisfactory Academic Progress Requirements.

Be aware that first-year, first-time borrowers must wait thirty (30) days from the beginning of the semester for the first disbursement.

For a full list of details and information about Direct Unsubsidized Loans, click here.