Loans
Loans are money that is borrowed and you must pay back. Loans enable students and parents to borrow money from the federal government, state government, or private lenders. It is important for students and parents to be well informed of the terms and conditions of loans prior to borrowing. Loans offered by the federal government, usually call federal student loans, offer borrowers lower interest rates and have more flexible repayment options than conventional loans. Students may choose to decline or lower the amount of loan offered in your financial aid award package.
Alternative Loans
Alternative (private) loans are managed and processed by private lending institutions to be used for educational or housing costs after exhausting all federal and state financial aid options, or in conjunction with the financial aid award.
ELMselect is an online, lender-neutral, platform to display a historical list of lenders that students have used over the past five years. Visit ELMSelect to search for an Alternate Loan.
College Access Loan or the CAL loan program provides alternative educational loans to Texas students who are unable to meet the cost of attendance. Click here to find out more information about the requirements and qualifications of this program.
What steps should I take to apply for a loan?
Direct Loan Origination Fee Calculator
Use this calculator to determine the amount of money that you will either receive from your loan or the amount you need to request after the origination fee. All amounts below are represented in U.S. dollars.
