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What is the B on time loan?

What is the B on time loan?

The Texas B-On-Time (BOT) Loan is a zero percent interest loan. Forgiveness is available upon graduation if a student meets specific requirements. This loan is no longer being awarded to new borrowers.

What are the four types of loans available under the William D Ford Federal Direct Loan Program?

Ford Federal Direct Loan (Direct Loan) Program consists of the following types of loans: Direct Subsidized Loans, Direct Unsubsidized Loans, Direct PLUS Loans, and Direct Consolidated Loans.

Is Texas B-On-Time loan a federal loan?

The Texas B-On-Time (BOT) Loan Program is a unique state aid program intended to increase access to higher education in Texas and encourage on-time graduation. This state student loan may be completely forgiven if the otherwise eligible borrower completes his or her degree on time.

What type of loan is a college access loan?

alternative educational loans
The College Access Loan Program provides alternative educational loans to Texas students who are unable to meet the cost of attendance. Cost of attendance is an institution’s estimate of the expenses incurred by a typical financial aid recipient in attending a particular institution of higher education.

How do I know if my Navient student loan is federal or private?

But if you’re still unsure about whether your student loan is federal or private, the best way to find out is by logging in to with your FSA ID. All federal loan information is housed there. If you don’t find your loan information through, you have a private student loan.

Do I have to pay back William D Ford Federal Direct Loan Program?

Repayment for Direct Stafford Loans begins 6 months after a student graduates or ceases attending school at least half-time. The standard repayment term is 10 years, although one can get access to alternate repayment terms (extended, graduated and income contingent repayment) by consolidating the loans.

Who is eligible for William D Ford Federal Direct Loan?

To apply for a Federal Direct Unsubsidized Loan, you must complete the FAFSA. To be eligible, you must be enrolled for at least six hours per semester. If you are eligible for a Federal Direct Unsubsidized Loan, it will be included on your Financial Aid Award Letter.

What type of loan is HH loans?

Since 1965, the Texas Higher Education Coordinating Board has provided low-interest loans for students who are Texas residents and eligible to pay in-state tuition. The CAL Program provides alternative education loans to Texas students who are unable to meet cost of attendance.

How many credit hours do I need to get into uh?

At least 9 credit hours for undergraduate students that began attendance at UH prior to Fall 2020. If UH attendance began on or after Fall 2020, the undergraduate requirement is at least 12 hours. All graduate students must be enrolled in at least 9 credit hours.

Can a lender submit funds to uh before receiving a self-certification?

The lender cannot submit funds to UH until the form is received. Pursuant to Section 155 of the Higher Education Act of 1965, as amended, (HEA) and to satisfy the requirements of Section 128 (e) (3) of the Truth in Lending Act, a lender must obtain a self-certification signed by the applicant before disbursing a private education loan.

How do I apply for financial aid at UH?

To apply for financial aid at UH, start by submitting the FAFSA. Here are additional forms you might need: Students may initiate a scholarship petition/appeal form if they have prior knowledge of circumstances that will prohibit them from meeting scholarship renewal requirements.

When do you have to enroll in summer classes for loans?

This is required for Federal Direct Loan borrowers when a student leaves or graduates from the university or is no longer at least half-time status. This does not include summer sessions. Students do not have to enroll in summer sessions as long as they resume classes the following fall.

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