PROSPECTIVE UNDERGRADUATE STUDENTS
Cost of Attendance
Stafford Loans
Private/Alternative Loans
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COLLEGE ACCESS LOAN (CAL)
- For detailed instructions on how to apply for a CAL loan, click here.
The College Access Loan Program provides alternative education loans to Texas students who are unable to meet the cost of attendance. This loan is in the student's name, but may require a creditworthy cosigner. The amount borrowed for an academic year cannot exceed the cost of attendance (COA) minus any financial aid assistance being received by the student.
This loan program is part of the Hinson-Hazlewood College Student Loan Program administered by the Texas Higher Education Coordinating Board (THECB). Funding is limited and students are encouraged to complete the application process in a timely manner.
The CAL has a fixed interest rate of 6%. A 3% origination fee will be deducted from the proceeds of the loan if both the borrower and cosigner have a good credit history. A 5% origination fee will be deducted from the proceeds of each loan if either the borrower or cosigner, but not both, has a good credit history. There are no guarantee fees or insurance premiums with the CAL. The interest is never capitalized and the loan will not be sold to another lender.
CAL repayment begins six months after the student ceases full-time enrollment and the repayment period is ten years for students with balances under $30,000 or twenty years for balances of $30,000 or more, with minimum monthly payments of $50.00. Payments can be deferred if the student decides to attend graduate or professional school.
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PRIVATE STUDENT LOANS
Trinity University is committed to working with students seeking ways to finance a Trinity education. While we encourage students to take advantage of all available federal, state, and institutional loan resources and to pursue possible gift funding from local organizations, employers, foundations, and corporations, we recognize that borrowing private loan funds may sometimes be the only available option. Should a student need to secure financial resources through additional loans to help meet educational expenses, please contact the Office of Financial Aid to discuss the options for private, non-need-based loans.
Trinity University will not select or recommend a lender for private loan financing options. It is the student’s responsibility to research this information and select the option that best suits his or her needs.
NOTE: If the lenders are the same for both the Stafford and private loans, a combined billing may be possible.