From 2007 to 2012, the University of Texas at Arlington contributed $17.8 million in tuition revenue to the state’s B-On-Time Loan Program, which rewards needy students who can keep their grades.
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The B-On-Time program, which served about 8,000 students in 2013, offers a $4,000 loan every semester that is interest-free and forgivable if a student graduates on time with a 3.0 GPA.
The Texas B-On-Time Loan is a no-interest loan for eligible Texas students. This loan carries the added benefit that, if the borrower meets specified goals, the entire loan amount can be forgiven upon graduation. This loan is funded by the State of Texas, with repayment made to the Texas Higher Education Coordinating Board Hinson Hazelwood program.
A Texas B-On-Time loan shall be forgiven if the student is awarded an undergraduate degree or certificate from an eligible institution, and the student either: (1) graduated with a B average, or the equivalent of a cumulative grade point average of at least 3.0 on a
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Texas B-On-Time (BOT) Forms Loan Application. alternative loan application checklist; private Education Loan Self Certification; Private Loan Solicitation Disclosure; Forgiveness. B-On-Time Loan Application for Forgiveness; B-On-Time School Official Authorization Form; Deferment. In-School (SCH) Deferment Request; Forbearance. Forbearance.
Texas Loan Originator Education Classes. Training Some of the State’s Leading Loan Originators for Over 20 Years! Our focus has always been on giving you a great educational experience regardless of what stage you are in your loan originator career.
In addition to meeting the general eligibility requirements for the B-On-Time Loan, you must also meet the B-On-Time Loan’s Satisfactory academic progress (sap) requirements to maintain your eligibility. Failure to do so will result-according to state regulations-in your no longer being eligible to receive the B-On-Time Loan.
Texas Tech University Federal Direct Loan Program . Fees. 1.062% for loans with a first disbursement on or after Oct. 1, 2018.
Because THECB does not sell its loans, all loans are serviced at THECB until they are paid in full. loan programs thecb offers the college access loan (cal), Texas Armed Services Scholarship Program (TASSP), and the Texas B-On-Time (BOT) loan program.