If you are a Texas resident or an out-of-state student attending a school in Texas, you’ve come to the right place for information about financing options. In addition to some programs you’ve probably already heard about and may qualify for – like federal student loans, grants, work study, and scholarships - you may also qualify for some unique, state-based programs as big and bright as the state of Texas itself. Of course, there are national lenders you can explore, as well. But let’s start with the companies who’ve made it their mission to help students in Texas.
This agency partners with state-based lenders to provide affordable Texas student loans. The primary three in-school offerings are:
Texas Higher Education Coordinating Board (THECB) offers the College Access Loan (CAL) to Texas students who are unable to meet a college’s annual cost of attendance.
South Texas Higher Education Authority (STHEA) is not technically a lender. STHEA is a community partner and secondary market that provides scholarships, interest rate reductions and loan forgiveness programs to help borrowers realize significant savings. STHEA contracts with the Council for South Texas Economic Progress (COSTEP) for administering their program. COSTEP supports Texas students with financial literacy programs and a free credit health check.
You may hear about this agency through your college or university, and you can certainly tap into the non-lending services they offer.
As you can see, when it comes to student loans, Texas residents have a number of options. Ditto for students from out-of-state who need to rely on private student loans for their Texas education. Leveraging the benefits of an in-state program can be a smart choice. Just don’t forget that national lenders also offer robust choices. Shop around, do your homework, and choose the program that best suits your needs.
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