Future Students

Loans

Available loans:

About loans:

College Access Loan (CAL)
Who Texas Residents only, undergraduate or graduate level. Demonstrated need not required
How Much Cost of education per student minus other aid.
How to Apply Online at www.hhloans.com
Deadline None, but see note in above information
Other Fixed interest rate, currently set at 6%

Federal Stafford Loan - Subsidized

Who Undergraduate or graduate students with demonstrated need.
How Much Annual Maximums:
Freshman = $3,500
Sophomore = $4,500
Junior and Senior = $5,500
Graduate student = $8,500

 

Cumulative Maximums:
Undergraduate = $23,000 total
Undergraduate + Graduate = $65,500

Additionally, all undergraduate students are eligible for $2,000 Unsubsidized Stafford Loan above the maximums stated for Subsidized Stafford.
How to Apply Complete FAFSA annually. Contact bank or ACU for student loan application.
Deadline
None, but see note in above information
Other Subsidized; government pays interest. Current fixed rate, capped at 8.25%, is adjusted annually on July 1. Interest is paid (subsidized) by the government while in school. Principal is deferred.
Federal Stafford Loan - Unsubsidized
Who Undergraduate or graduate students with no demonstrated need.
How Much Annual Maximums:
Freshman = $5,500
Sophomore = $6,500
Junior and Senior = $7,500
Graduate student = $10,000

 

Cumulative Maximums:
Undergraduate = $23,000 total
Independent Undergraduate =
   $57,500 (of which no more than $23,000 may be subsidized)
Undergraduate + Graduate =
   $138,500 total (of which no more than $65,500 may be subsidized)
The same limits apply jointly to subsidized and unsubsidized Stafford Loans.
How to Apply Complete FAFSA annually. Contact bank or ACU for student loan application.
Deadline May 1.
Other Unsubsidized; borrower pays interest. Current fixed rate, capped at 8.25%, is adjusted annually on July 1. Interest is paid� by the borrower while in school. Principal and interest may be deferred at borrower's option.
Federal Parent Loan for Undergraduate Students (PLUS)
Who Credit-worthy parent of a dependent student. Demonstrated need not required.
How Much Cost of education per student minus other aid.
How to Apply Contact bank or ACU for student loan application.
Deadline
None, but see note in above information
Other Current variable rate, capped at 9%, is subject to change. Repayment of principal and interest may be deferred at borrower's option. Variable interest rate adjusted annually on July 1.
Third Party Loans
Who Undergraduate or graduate students. Demonstrated need not required.
How Much Cost of education per student minus other aid.
How to Apply Contact ACU for more information.
Deadline
None, but see note in above information
Other Variable interest rates. Many banks offer additional education loans.