The Process
Federal Work-Study
LOANS
Trinity requires the Free Application for Federal Student Aid (FAFSA) to determine eligibility for federal, state, and institutional financial aid.
Click on the links below to view information regarding the following loans.
- College Access Loan (CAL)
- Federal Perkins Loan
- Federal Subsidized Stafford Loan
- Federal Unsubsidized Stafford Loan
- Federal Plus Loan
- Outside Loans / Alternative Loans
- Walton Family Loan
- Federal Approved Lenders
College Access Loan (CAL)
The FAFSA is not required for a CAL.
The CAL is available to students who are residents of Texas. This loan is in the student's name, but requires a credit worthy cosigner. The amount borrowed cannot exceed the lesser of: the cost of education minus any financial aid or $10,000 per academic year.
For 2004-2005, the interest rate for the CAL is 5.25% and a 3% origination fee is deducted from the loan proceeds. Families may make interest payments during the student's enrollment period or may capitalize the interest due.
Families may also defer principal payments during the enrollment period. Repayment begins six months after the students ceases full-time enrollment. The maximum repayment term is ten years. Payments can be deferred if the student decides to attend graduate or professional school.
Apply for the College Access Loan: www.hhloans.com
Step 1 Click on the link titled “College Access Loan Program (CAL)” – found in the center of the page, in the box titled Loan Programs.
Step 2 Click on the button titled “Continue>>>” – found at the bottom center of the page.
Step 3 Review the listing on this page and remember Trinity University’s school code “003647” – which is needed for the actual CAL application and then click on the button titled “Continue>>>” – found at the very bottom center of the page.
Step 4 LOG-IN INSTRUCTIONS:
If this is the FIRST-TIME you are visiting this page, you will need to create
a username and password: Click on the button titled “Register” - located
at the top right-hand side of the page under the box titled New User.
Remember: ** Both Username and Password are case sensitive **
Next, complete the on-line registration form and click on the button titled
“Submit” and proceed with the CAL application.
If you are already a REGISTERED USER, type your Username and Password
in the box titled Registered User in the center of the page.
Click on the button titled “Submit."
Remember: ** Both Username and Password are case sensitive. **
Next, proceed with the CAL application.
For assistance, please contact the Office of Financial Aid at 210-999-8315.
Federal Perkins Loan:
The Federal Perkins loan program is available to students who demonstrate significant financial need. Trinity administers the program and the student pays back to the University any money that is borrowed. The interest is 5% and interest begins to accrue when the principal goes into repayment. Perkins borrowers begin repayment of principal and interest nine months (the grace period) after graduating or ceasing to be at least a half-time student. Students have up to ten years to repay the Federal Perkins loan. Students may defer (i.e. postpone) payments while attending graduate or professional school.
After a student returns his/her Financial Aid Award Letter to the Business Office and indicates that he/she accepts the Federal Perkins loan, the Business Office will prepare a promissory note for the student to sign during the first week of the semester.
If awarded a Perkins Loan by Trinity University, you must complete all requirements, including your Perkins Entrance Counseling and the signing of your promissory note, online. Below you will find all information pertaining to the acceptance and authorization for disbursement of your Perkins Loan.
Your Perkins Loan WILL NOT BET DISBURSED until all electronic documents are filled out completely and accurately. Once completed and approved by the Trinity University Student Accounts and Loans Office, your account will reflect the disbursement. This information is time sensitive, so it is important that you complete this process as soon as possible.
The electronic procedure for Perkins borrowers is as follows:
*** NOTE: Your FAFSA PIN is required to complete this process. If you do not have a valid PIN, you must go to the Department of Education's PIN site @ http://www.pin.ed.gov
- Log on to ECSI's website @ http://www.ecsi.net/promD2.
- Provide your Social Security Number, last name, and date of birth.
- Provide your PIN when requested on the Student Authentication Network page.
- Most pages require that you accept the terms by checking a box at the bottom of those pages.
- You must provide complete reference information for yourself, next of kin and two additional references. Failure to complete all requested information accurately will keep this loan from disbursing to your account.
- PROMISSORY NOTE - Read completely. Electronically sign at the bottom of the promissory note page. The electronic signature includes a check off box, plus, your full legal name.
Your electronic promissory note will be reviewed by the Trinity University Student Accounts and Loans Office before any monies are disbursed. If there are any issues, you will be notified by either an e-mail and/or a letter. If you have changed your mind and no longer want the loan, please call or e-mail the Office of Financial Aid ASAP.
Federal Subsidized Stafford Loan
Completion of the Free Application for Federal Student Aid (FAFSA) is required to apply for the Federal Subsidized Stafford loan.
A student can borrow through the Subsidized Stafford loan program if he/she demonstrates financial need. The interest rate is variable and is adjusted annually. The rate is based on the 91-Day, T-Bill plus 3.10%, capped at 8.25%. A 3% origination fee and a 1% guarantee fee are deducted from the loan proceeds. The federal government subsidizes the interest while the student is in school, during the six-month grace period, and during periods of deferment.
Federal Stafford loans are disbursed in two equal disbursements. The first disbursement is issued at the beginning of the loan period and the second disbursement is issued at the midway point of the loan period. EXAMPLE: If a student attends the Fall semester only, the first disbursement will be issued at the beginning of the Fall semester and the second disbursement will be issued at the midway point of the Fall semester.
Repayment of the loan principal and interest begin six months after the student graduates or ceases to be at least a half-time student. A student has up to ten years to repay the Federal Stafford Loan, and may defer payment of principal and interest while enrolled in graduate or professional school.
Federal Unsubsidized Stafford Loan
Completion of the Free Application for Federal Student Aid (FAFSA) is required to apply for the Federal Unsubsidized Stafford loan.
The Federal Unsubsidized Stafford loan is open to students who do not qualify for the Federal Subsidized Stafford loan or who do not qualify to borrow the maximum annual amount under the Federal Subsidized Stafford loan program. Students can receive both a Federal Subsidized and Federal Unsubsidized Stafford loan, combined, as long as the maximum annual amount is not exceeded. First-year students are limited to $2,625; Sophomore level students are limited to $3,500; Junior and Senior level students are limited to $5,500.
The interest rate, origination and guarantee fees are the same as those for the Federal Subsidized Stafford loan program.
Federal Stafford loans are disbursed in two equal disbursements. The first disbursement is issued at the beginning of the loan period and the second disbursement is issued at the midway point of the loan period. EXAMPLE: If a student attends the Fall semester only, the first disbursement will be issued at the beginning of the Fall semester and the second disbursement will be issued at the midway point of the Fall semester.
As with the Federal Subsidized Stafford loan program, students begin repayment of the loan principal six months after graduation or ceasing being at least a half-time student. Students have up to ten years to repay and may defer payment of principal while enrolled in graduate or professional school. However, unlike the Federal Subsidized Stafford loan program, students are responsible for payment of the interest throughout the life of the loan.
Federal PLUS Loan
The Free Application for Federal Student Aid (FAFSA) is not required for the PLUS Loan.
Through the Federal PLUS loan, creditworthy parents may borrow up to the cost of attendance at Trinity, less any scholarships and/or financial aid. The interest rate is variable and based on the 52-week T-Bill, plus 3.10%, capped at 9%. Interest accrues from the time the money is disbursed, and repayment begins 60 days after the date funds are released. The Federal PLUS Loan has a maximum repayment period of 10 years.
Federal PLUS loans are disbursed in two equal disbursements. The first disbursement is issued at the beginning of the loan period and the second disbursement is issued at the midway point of the loan period. EXAMPLE: If a student attends the Fall semester only, the first disbursement will be issued at the beginning of the Fall semester and the second disbursement will be issued at the midway point of the Fall semester.
PLUS loans are available to parents, stepparents, or legal guardians. Although eligibility is not based on financial need or family income, a credit check is required. Trinity University encourages parents to utilize the pre-approval services of select lenders to help expedite the PLUS application procedure. By using a pre-approval service, a parent may quickly find out if their credit history is satisfactory to obtain a PLUS loan. Parents may apply for pre-approval on-line or by calling the lender.
ONCE YOU HAVE BEEN PRE-APPROVED: If pre-approved by phone, the lender will automatically send you a PLUS Master Promissory Note (MPN) application. If you are pre-approved by going on-line, you must download and print the PLUS MPN application. Either method will require completion and signature of the PLUS MPN. PLUS loans are processed for the entire academic year. The Office of Financial Aid must receive in writing the dollar amount of the PLUS loan you are applying for, by completing the "Parent Section" on the award letter. Funds are disbursed in two equal payments - one for the Fall term and one for the Spring term.
AFTER COMPLETING YOUR APPLICATION: Please submit it to the Office of Financial Aid at One Trinity Place, San Antonio, TX 78212-7200. Trinity will then certify the school portion of the application and forward it to your lender on your behalf.
WHAT HAPPENS IF THE PRE-APPROVAL WAS DENIED? Your lender will inform you of other options: obtaining a new cosigner for your loan, ways to clear your credit, or (with documentation) allowing your child to automatically qualify for Federal Unsubsidized Stafford loan funds. Contact the Office of Financial Aid at 210-999-8315 immediately for further instructions.
Outside Loans
Outside loans are private educational loans that offer fee and interest rate flexibility so the student can choose the repayment option that works best for him/her. Most outside loans are in the student's name, but may require a credit worthy cosigner.
If the lenders are the same for both the Stafford and the outside loans, a combined billing may be possible.
To inquire about an outside loan application, please call the Office of Financial Aid at 210-999-8315.
Alternative Loans
Trinity University will not select or recommend a lender for alternative financing options. The following information was provided by lenders who provide alternative loans for U.S. citizens, eligible non-citizens, and international students. It is the student’s responsibility to research this information and select the option that best suits their needs.
| Lender Code: | 500200-001 |
| Loan Name: | Signature Student Loan |
| Phone Number: | 1-800-695-3317 |
| Website: | www.salliemae/signature/ams |
| Lender Code: | 00191 |
| Loan Name: | Education Loan One |
| Customer Service Phone Number: | 1-800-289-3133 |
| TO Apply, Call: | 1-800-661-8663 |
| Website: | www.educationone.com |
| Lender Code: | 80787 |
| Loan Name: | Chase Signature Loan |
| Phone Number: | 1-800-242-7339 |
| Website: | www.chasestudentloans.com |
| Lender Code: | 828078 |
| Loan Name: | Comercia (EDG) Educational Loan |
| Phone Number: | 1-866-213-3154 |
| Loan Name: | Express Loan |
| Phone Number: | 1-877-714-3620 |
| Website: | www.loanstar.com |
| Lender Code: | 830005 |
| Loan Name: | Educaid Select Loan Loan |
| Phone Number: | 1-800-338-2243 Opt#1 |
| Website: | www.educaid.com |
| Lender Code: | 00191 |
| Loan Name: | ExtraCredit II |
| Phone Number: | 1-866-780-5345 |
| Website: | www.nthea.com/extracredit#2/index.htm |
| Lender Code: | 833890-755 |
| Loan Name: | Student Loan Xpress Undergraduate Loan |
| Phone Number: | 1-866-759-7737 |
| Website: | www.slxpress.com/#private |
| (Additional loans available: Please visit website) |
| Lender Code: | 807176 |
| Loan Name: | Collegiate Loan |
| Loan Name: | Graduate Loan |
| Phone Number: | 1-800-658-3567 Opt#0 |
| Website: | www.wellsfargo.com/student |
Walton Family Loan
Funding is limited. If awarded, you and your parents may borrow up to $10,000 per year and up to a cumulative maximum of $50,000 for a Trinity education. For all first-time borrowers, starting with the 2002-2003 academic year, an annual credit approval may be required for eligibility of the Walton Loan.
The interest rate for the Walton Family loan is 5% and payments on the principal can be deferred while the student is enrolled at Trinity. Interest payments, however, must be made. Repayment of the loan principal begins seven months after the student leaves Trinity and the repayment period is ten years.
Walton loan applications will be mailed to awarded first-time borrowers, starting with the 2002-03 year, and must be returned to the Business Office for credit approval. If approved, a Walton Loan promissory note will be mailed and the completed note must be returned to the Business Office. Walton Loan applicants who are denied will receive a letter of denial by mail.
For all prior year Walton Loan borrowers, a promissory note will be mailed after proof of acceptance on the student's award letter has been received by the Office of Financial Aid. The completed note should be returned to the Office of Financial Aid.
If awarded a Walton Loan by Trinity University, you must complete all paperwork, including the signing of your promissory note, online. Below you will find all information pertaining to the acceptance and authorization for disbursement of your Walton 2002 Loan.
Your Walton Loan WILL NOT BET DISBURSED until all electronic documents are filled out completely and accurately. Once completed and approved by the Trinity University Student Accounts and Loans Office, your account will reflect the disbursement. This information is time sensitive, so it is important that you complete this process as soon as possible.
The electronic procedure for Walton borrowers is as follows:
*** NOTE: Your FAFSA PIN is required to complete this process. If you do not have a valid PIN, you must go to the Department of Education's PIN site @ http://www.pin.ed.gov
- Log on to ECSI's website @ http://www.ecsi.net/promD2
- Provide your Social Security Number, last name, and date of birth.
- Provide your PIN when requested on the Student Authentication Network page.
- Most pages require that you accept the terms by checking a box at the bottom of those pages.
- You must provide complete reference information for yourself, next of kin and two additional references. Failure to complete all required information accurately will keep this loan from disbursing to your account.
- PROMISSORY NOTE - Read completely. Electronically sign at the bottom of the promissory note page. The electronic signature includes a check off box, plus an area to insert your full legal name.
Your electronic promissory note will be reviewed by the Trinity University Student Accounts and Loans Office before any monies are disbursed. If there are any issues, you will be notified by either an e-mail and/or a letter. If you have changed your mind and no longer want the loan, please call or e-mail the Office of Financial Aid ASAP.
Federal Approved Lenders
The list below includes federal approved lenders.
Trinity University will not select lenders for students.
| Lender | Lender Code | Customer Service Number | On-Line Service |
|---|---|---|---|
| Bank of America | 832733 | 1-800-344-8382 | www.bankofamerica.com/studentbanking |
| Bank One | 808732 | 1-888-486-4722 | www.nelnet.net |
| Broadway National Bank | 810725 | 1-800-531-7650 | www.broadwaybank.com |
| Citibank | 826878 | 1-800-967-2400 | www.studentloan.com |
| College Loan Corporation | 833733 | 1-888-972-6313 | www.collegeloan.com |
| Compass Bank | 828078 | 1-866-365-COMP | www.compassweb.com/studentloans |
| Costep | 833102 | 1-800-949-6371 Opt #2 | www.costep.org |
| Educaid/Wachovia | 830005 | 1-800-EDUCAID | www.educaid.com |
| Frost National Bank | 810883 | 1-800-813-4372 | www.studentloans.frostbank.com |
| PNC Bank | 809921 | 1-800-375-9208 | www.bhesc.org |
| Student Loan Express | 833890 | 1-866-SLXPRESS (759-7737) | www.slxpress.com/school/trinity |
For additional lenders, or for information on loan applications, please contact the Office of Financial Aid at (210) 999-8315. The full lender name, code and address are required for processing.
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This page is maintained by the Office of Financial Aid Last Updated: 5/2005 |
