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Since 1965, the Texas Higher Education Coordinating Board has provided low-interest loans and scholarships for students who are Texas residents and eligible to pay in-state tuition.
The minimum loan amount is $1,000 and the maximum you can borrow is determined by the school you are attending, but is limited to the lesser of your cost of attendance less other aid or $65,000.
Loan applications will be considered for undergraduate Sophomores, Juniors, Seniors; and graduate students attending graduate schools. A maximum of $15,000 may be loaned to one student. Interest at the rate of three percent (3%) per annum is charged on the unsecured loans. Payment is due one year after graduation.
In 2019-20, 52 percent of Texas college graduates had student loan debt. The average debt load of a Texas college graduate in 2019-20 was $26,273.
Apply for Federal Student Aid (Complete the FAFSA® Form) The Free Application for Federal Student Aid (FAFSA®) form allows you to apply for federal grants, work study funds, and loans, all in one application. You can fill out the online form for the 2023?24 academic year by selecting the "Apply Online" button below.