Educational Assistance Program Employees With Bad Credit In Texas
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FAQ
Federal student loans do not have any credit score requirements. That's good news for students, since most people entering college don't have established credit histories.
Direct loans made to undergraduate students, as well as unsubsidized and subsidized federal Direct Loans, do not require a credit check. As long as the student qualifies for these loans under the FAFSA, they can borrow even with bad credit.
The PSLF Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.
Yes, federal student loans may be forgiven after 20 years under certain circumstances. But only certain types of loans are eligible for forgiveness, and you must be enrolled in a qualifying repayment plan. You'll also need to stay out of default on your loans.
State Tuition Assistance is a program that pays up to a certain amount per semester hour for tuition and authorized fees. That amount is determined by the Texas National Guard. Please contact your Education Officer to find out about tuition assistance programs through your unit.