Loans

Loans

South Texas College provides alternative education Loans through the Texas Higher Education Coordinating Board ( THECB ) and Sallie Mae. These loans are intended for educational expenses. Please be aware that South Texas College does not participate in any type of Federal Title IV student lend platform ; Direct and FFEL Stafford Loans and Federal Perkins Loans are not an option at this institution .

Financial Literacy

scholar Financial Services wants to empower our students with fiscal literacy so that anyone receiving fiscal help and or loans will be able to understand and develop debt management skills.
Take control of your finances by :

Loan & Debt Management

For more information about repayment, managing debt, concern rates, loan requirements, etc., please review Loan & Debt Management and Financial Planning .

College Access Loan

( Students on fiscal aid abeyance are not eligible for CAL )

Reading: Loans

The College Access Loan (CAL) Program provides an alternative type of educational loans to Texas students. Applicants do not have to demonstrate fiscal necessitate and it may be used to cover all or function of a student ‘s Expected Family Contribution ( EFC ). Apply Now!
Eligibility Requirements include:

  • Be a Texas resident
  • Be registered with Selective Service or be exempt
  • Declare a major leading to a certificate, associate or bachelor’s degree
  • Be enrolled in at least 6 credit hours per semester
  • Meet the satisfactory academic progress requirements set by the institution
  • Receive a favorable credit evaluation or provide a cosigner who has good credit standing and meets other requirements. Please refer to www.hhloans.com for further information about eligible cosigners.

Loan Amounts:
Certified lend amounts will be based on hours enrolled for the semester for which the lend is being requested. Amounts are as follows :
12hrs or more : $ 3,000
9hrs – 11hrs : $ 2,500
6hrs – 8hrs : $ 2,000
To learn more about how to repay your College Access Loan, log on to www.hhloans.com
Required Forms
College Access Loan Acknowledgement Form, Loan & Debt Management Form, and Statement of Selective Service Status Form ( this shape for male students alone ) must be submitted before funds can be disbursed to your report. If funds are received and you fail to submit these forms, funds will be refunded back to Texas Higher Education Coordinating Board ( THECB ) after Census date for the semester you are requesting loan and you will be responsible for any interest charges that are incurred for the clock it takes funds to be received by THECB .
Deadline:
Loan documentation requests must be received by the Office of Student Financial Services by 5pm on census date of the semester for which the loan is being requested. Loans received after the deadline will not be certified .

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Sallie Mae Smart Option Loan

The Sallie Mae Smart Option Student Loan is a private student loanword that is offered to undergraduate students and managed by Sallie Mae Inc. Find out more at www.salliemae.com
South Texas College Eligibility Requirements Include

  • Enrolled for at least 3 credit hours (per semester) in a certificate, associate or bachelor’s degree

Loan Amounts:
Certified loanword amounts will be based on hours enrolled for the semester for which the loanword is being requested. Amounts are as follows :
12hrs or more : $ 3,000
9hrs – 11hrs : $ 2,500
6hrs – 8hrs : $ 2,000
3hrs – 5hrs : $ 1,000

Required Forms
The Loan & Debt Management Form must be submitted before funds can be disbursed to your account. If funds are received and you fail to submit this form, funds will be refunded back to Sallie Mae after Census date for the semester you are requesting loanword and you will be responsible for any matter to charges that are incurred for the clock it takes funds to be received by Sallie Mae .
Deadline:
Loan certification requests must be received by the Office of Student Financial Services by 5pm on census date of the semester for which the lend is being requested. Loans received after the deadline will not be certified .

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early alternative Loans

loanword amounts for any other alternate loanword will be as follows :
12hrs or more: $ 3,000
9hrs – 11hrs: $ 2,500
6hrs – 8hrs: $ 2,000
3hrs – 5hrs: $ 1,000 ( Certification for 3-5 hours is done on an individual basis for students enrolled in minimesters )
Required Forms:

The Loan & Debt Management Form must be submitted before funds can be disbursed to your score. If funds are received and you fail to submit this form, funds will be refunded back to respective lend after Census date for the semester you are requesting loanword and you will be responsible for any sake charges that are incurred for the prison term it takes funds to be received by your lend lender.

Deadline:
Loan certificate requests must be received by the Office of Student Financial Services by 5pm on census date of the semester for which the lend is being requested. Loans received after the deadline will not be certified .

Loan Processing Time

Minimum of 3-4 weeks for institution to receive funds
Unfortunately, it is difficult to give a specific timeline of the loanword march. many factors can affect when a student receives their loan including submitting an incomplete loan application, the lend requiring a cosigner and/or holidays ( both federal and school ). The estimated timeline for the loans is a minimal of 3 weeks for the Sallie Mae and a minimum of 4 weeks for CAL in holy order for the institution to receive funds .
*Note : Both Sallie Mae & CAL require that a lend expense date be at least 9 business days after authentication to allow for the borrower ‘s ‘Right to Cancel ‘ .
3-5 business days for fund verification
Once funds are received by the institution the Business Office needs to verify funds. The funds are normally verified within 3-5 business days but during top out times can take angstrom long as 7 business days .
Credit Balance in Student Account
The loan funds will be applied to the student ‘s account after the Business Office has verified the receipt of funds. The spending of a student ‘s credit is done by the Cashier ‘s Office. The scholar ‘s refund method acting preference will affect how soon the student receives their credit. Please visit the Cashier ‘s web site for more information on selecting a refund method acting : hypertext transfer protocol : //finance.southtexascollege.edu/businessoffice/cashiers/refund-options.html

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Loan Certifications

After the student submits a dispatch loanword application to the loanword provider, the student will be placed on a “ certification Roster ”. Loan certifications are done once a week, normally at the end of the week. The certificate procedure requires the school to review eligibility requirements. merely because the loan was approved by the servicer does not mean the student is meeting in-school eligibility requirements. Students are only eligible to receive one loanword per semester. tied though student may apply for multiple loans and be approved by lender, the first lend that is received by our Institution will be the one to get certified.

Loan Status

To check the condition of your loan please log on to Jag Net and follow the instructions below :

  • Login to JagNet
  • Click on the “Student” tab located at the top of the page
  • Click on “Student Services”
  • Click on “Financial Aid”
  • Click on “Financial Aid Status”
  • Select the Aid Year the loan was applied for
  • A message will appear saying “You have active messages” The word “message” is hyperlinked, please click on the link and this should take you to a message regarding your loan status.

Loan Refunds

Students receiving a loan, in which the loanword amount is in overindulgence of their tuition, will receive a refund during the Final Refund Cycle. loan students are not eligible to receive a book allowance. Please make anterior arrangements for your books, if the merely source of help received is through a loan .

Dropping/Withdrawing from Courses

If you are receiving a lend and plan to make changes to your agenda, please notify our office immediately. Changes can result in having your lend adjusted and/or canceled .

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