College Access Loan (CAL)

About the Loan
Interest Rate and Fees
Loan Amount
Application for Loans
Offer of Loans
Disbursement of Loans
Maintenance of Loans
Repayment of Loans

About the Loan

The College Access Loan (CAL) program provides an alternative type of educational loans to Texas students. Student does not have to demonstrate financial need to receive these loans, which may be used to cover all or part of a student's Expected Family Contribution (EFC).

Interest Rate and Fees

The interest rate is a fixed annual rate of 5.25% and is not capitalized.

Loan Amount

Students may borrow no less than $100, and up to the cost of attendence minus any other financial aid. The following fee will be deducted from each College Access Loan:

  • A 3% origination fee if both the borrower and cosigner have a good credit standing, or
  • A 5% origination fee if either the borrower or cosigner, but not both, has a good credit standing.

Application for Loans

Students may complete an application at hhloans.com.

Eligibility Requirements

Students must:

  • Be a Texas resident; and
  • Be enrolled at least half-time in:
    ° a course of study leading to an associate's, bachelor's, graduate, or higher degree; or
    ° an approved alternative educator certification program;
  • Meet the Satisfactory Academic Progress requirements set by the institution;
  • Receive a favorable credit evaluation or provide a cosigner who has good credit standing and meets other requirements.

Offer of Loans

In addition to completing application, students must sign Master Promissory Note (MPN) and disclosure statement. Once the student's application has been processed, the student's account will be updated accordingly.

Once a student is notified via email, the student will need to accept any loan awards offered via myUH self-service account. If the student does not need the loans they are awarded, the student can reduce or decline them.

Disbursement of Loans

Disbursement dates are set by the Texas Higher Education Coordinating Board. Once the student has completed their MPN and has accepted the terms and conditions of the loan, the student may check back with our office regarding disbursement.

Once the loan has been disbursed, the funds will be applied to the student's account to cover any charges. If a credit balance is created, funds will be refunded to the student's Higher One account preference.

Maintenance of Loans

To maintain eligibility for future disbursements, the student must:

  • Be enrolled at least half-time in:
    ° a course of study leading to an associate's, bachelor's, graduate, or higher degree; or
    ° an approved alternative educator certification program;
  • Meet the Satisfactory Academic Progress requirements set by the institution.

Repayment of Loans

  • Loans have a six-month grace period from the date a borrower ceases to be continuously enrolled as at least a half-time student at an eligible institution;
  • Principal balances under $30,000 have up to a ten-year repayment period with minimum monthly payments of $50;
  • Principal balances of $30,000 or more have a repayment period of up to 20 years;
  • The loan will not be sold to another lender;
  • Postponements of loan repayment and income-sensitive or graduated repayment schedules are available.