THECB Student Loans

Since 1965, Texas Higher Education Coordinating Board (THECB) has provided low-interest loans for students who are Texas residents and are eligible to pay in-state tuition. Because THECB does not sell its loans, all loans are serviced at THECB until they are paid in full.

The Texas Higher Education Coordinating Board has announced a new interest rate for the state-sponsored Hinson-Hazlewood College Access Loan (CAL) Program. Effective April 25, 2017, College Access Loans carry a fixed interest rate of 6.60 percent and require a minimum Experian VantageScore of 650 for credit approval. An origination fee will no longer be assessed for all approved CAL borrowers. Borrowers who start the CAL application process on or after April 25, 2017 are subject to this credit requirement and interest rate. Credit eligibility and interest rate changes are driven by the interest rate of the latest bond sale and the overall restrictions on bond funding for the CAL program.