***The Texas Legislature voted to end the B-On-Time Loan program. Funding is only available for renewals.***
The Texas B-On-Time Loan is a no-interest loan for eligible Texas students. This loan carries the added benefit that, if the borrower meets specified goals, the entire loan amount can be forgiven upon graduation. This loan is funded by the State of Texas, with repayment made to the Texas Higher Education Coordinating Board Hinson Hazelwood program.
Award eligibility varies based on Enrollment Status
. For details, please visit the Award Proration
To maintain eligibility for future disbursements, the student must:
- Be a Texas resident or be entitled to pay resident tuition rates as a dependent child of a member of the U.S. armed forces; and
- Not have been granted a baccalaureate degree;
- Be enrolled full time in an undergraduate degree program at an eligible institution;
- Have completed a Free Application for Federal Student Aid (FAFSA) and be eligible to receive federal financial aid;
- Complete at least 75% of the semester credit hours attempted in the most recent academic year and have a cumulative GPA of at least a 2.5 on a 4.0 scale (or the equivalent) on all course work previously attempted at institutions of higher education;
- Not receive B-On-Time loans for more than 150 hours.
For more information about your eligibility for the loan, please visit hhloans.com
Enrollment Less than Full Time
To receive the Texas B-On-Time loan at less than full time enrollment, you must meet the following criteria:
- You must be planning to graduate in the current semester.
- You must have a diploma fee listed on your billing statement. The diploma fee will be posted after you have applied for graduation. Please visit graduation.tamu.edu and follow the steps to apply for graduation.
- You must be enrolled in at least 6 hours.
If you meet the above criteria you are eligible to receive a prorated amount of your Texas B-On-Time loan in the semester you are graduating. Your loan will be prorated based on the following guidelines*:
* You will only be eligible to receive the loan for hours in which you are enrolled at the time the funds disburse to your bill. For example, if you enroll in 12 hours at the beginning of the semester, then drop to 9 hours at the time the loan disburses, you will only be eligible to receive the prorated amount for 9 hours. Please take this into consideration if you drop classes during the semester.
If you are not graduating this semester, you are not eligible for Texas B-On-Time loan proration and you must enroll in 12 hours to receive funds from this loan.
In the event of a hardship, Scholarships & Financial Aid may allow an otherwise eligible person to receive the Texas B-On-Time loan while enrolled less than full time. The request must be submitted in writing and must explain the reason for the request. Reasons that may be considered include, but are not limited to:
- A showing of a severe illness or other debilitating condition that may affect academic performance.
- An indication that you are responsible for the care of a sick, injured, or needy person and that your provision of care may affect academic performance.
Appeal documents must include a narrative explaining your situation, proof of illness, or other reasons that impeded academic performance. Other supporting documentation may be requested at the discretion of the financial aid advisor or administrator reviewing your appeal.
A financial aid advisor or administrator will respond to the request through your official Texas A&M University email account. A copy of all correspondence will be placed in your financial aid file. Submitting an appeal does not guarantee any adjustments can or will be made.
For information about Texas B-On-Time loan forgiveness requirements, please visit hhloans.com
Forgiven Texas B-On-Time loans must be reported to the IRS as taxable income in the applicable tax year the loan is deemed to be forgiven.
For information visit, repaying your student loans