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College Access Loan (CAL) Program

The College Access Loan Program provides alternative educational loans to Texas students who are unable to meet the cost of attendance. The amount of federal aid that a student is eligible for (regardless of whether actually accepted) must be deducted from the cost of attendance in determining the CAL loan amount.

Eligibility Requirements

  • be a Texas resident;
  • be accepted for enrollment and enrolled at least half-time in:
    • a course of study leading to a certificate, an associate, 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.

Annual Loan Amounts

  • Students may borrow no less than $100 and up to the cost of attendance minus any other financial resources
  • An origination fee will no longer be assessed for all approved CAL borrowers

Cosigner Eligibility Requirements

  • be at least 21 years of age;
  • have a regular source of income;
  • not be the borrower or the spouse of the borrower;
  • receive a favorable credit evaluation;
  • be a U.S. citizen, or a permanent U.S. resident and reside in the U.S. or in a U.S. territory.

Favorable Credit Evaluation Requirements

Students or cosigners must

  • have an Experian VantageScore of 650 or higher;
  • not have public records such as tax liens or bankruptcy proceedings;
  • have a minimum of four credit trade lines, excluding student loans or authorized user accounts;
  • not have defaulted on any federal or private education loans.

In line with financial industry practice, Texas Higher Education Coordinating Board reports account obligations to the credit reporting agencies. The reporting is at the loan level, with each loan reported as a tradeline. Cosigners are equally responsible for the repayment of the loan if the student fails to meet his or her repayment obligation.


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