University Access Loan (CAL) System

University Access Loan (CAL) System

The faculty Access Loan Program provides alternate loans that are educational Texas pupils who’re not able to meet with the price of attendance. The quantity of federal help that a learning pupil is entitled to (no matter whether really accepted) should be deducted through the price of attendance in determining the CAL loan amount.

Eligibility Demands

  • be considered a Texas resident;
  • be accepted for enrollment and enrolled at the least half-time at an qualified Texas institution in:
    • a training course of research causing a certification, an associate, bachelor’s, graduate, or more level; or
    • an approved alternative educator official certification program;
  • meet up with the satisfactory progress that is academic set by the organization;
  • get a favorable credit assessment or offer a cosigner who has got good credit ranking and satisfies other needs.

Annual Loan Amounts

  • Students may borrow at least $100 and up towards the price of attendance minus every other resources that are financial
  • An origination fee will no much longer be assessed for all authorized CAL borrowers

Cosigner Eligibility Needs

  • be at the very least 21 years old;
  • have source that is regular of;
  • never be the debtor or even the spouse regarding the borrower;
  • be given a favorable credit assessment;
  • be a U.S. Continue reading