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College Access Loan (CAL)

The College Access Loan is a non-need based state loan program administered by the Texas Higher Education Coordinating Board (THECB). The CAL loan is considered another type of Alternative loan that is intended to supplement traditional financial aid programs. The UTSA Office of Student Financial Aid and Enrollment Services encourages you to consider your options for Federal and State financial aid programs before applying for an alternative loan.

Who can apply?

  • Any student who is a Texas resident currently enrolled at least half-time at UTSA for the term they are requesting the funds for.

How do I apply?

1. Students must log in to the THECB web site at www.hhloans.com and complete the CAL Loan application.

  • You may sign the application and promissory note using the audit number from your Texas Drivers License. This numbder is located on the bottom of your drivers license or next to the photo.
  • If you do not have a Texas Drivers License, you will need to print out the CAL application and Promissory Note along with the Payment Guaranty page if necessary. Complete all documents and mail them to the THECB at the following address:
    Texas Higher Education Coordinating Board
    P.O. Box 12788
    Austin, Texas 78711
  • Do not submit, mail, or fax copies of your CAL Loan documents to UTSA. We will be able to view all pending certifications online with the THECB, once you have submitted all documents.

2. After mailing your completed application to THECB, you must complete a CAL Request Form for the appropriate academic year and submit the form to Financial Aid & Enrollment Services at either the 1604 or downtown campus. Incomplete CAL Request Forms will not be processed and will delay the processing of the loan.

What are the requirements to receive a CAL loan?

  1. Students must be enrolled at least half-time per semester.
    Half-time for Undergraduate Students is 6 semester-credit hours for fall, spring, & summer terms.
    Half-time for Graduate Students is 4 semester-credit hours for fall & spring terms and 3 semester-credit hours for the summer term
  2. Students must be making Satisfactory Academic Progress (SAP) every semester.
  3. Students MUST be a Texas Resident or an HB 1403 student in order to be eligible to receive the CAL loan.
  4. Stafford Loan eligibility will be taken into consideration whether or not the student has accepted or declined the loans.
  5. Students need to be credit-worthy or have a credit-worthy co-signer in order to pursue a CAL loan.

What is the interest rate for the CAL Loan?

  • The fixed annual interest rate is currently 5.25%

What are the Cosigner Eligibility Requirements?

  • Must be at least 21 years of age
  • Must have a regular source of income
  • May not be the borrower or the spouse of the borrower
  • Must receive a favorable credit evaluation
  • Must be a U.S. citizen or a permanent U.S. resident in the U.S. or in a U.S. territory

How does the CAL loan affect my financial aid?

  • Students can borrow the difference between the university's cost of attendance minus the student's other financial assistance including Stafford loan eligibility.

What is the origination fee for the CAL Loan?

An origination fee will be deducted from the proceeds of each loan based on the higher of your or your cosigner's Experian VantageScore and a favorable credit evaluation:

  • 0% fee if either the student or cosigner has an Experian VantageScore of 711 or higher, or
  • 3% fee if either the student or cosigner has an Experian VantageScore between 651 and 710, or
  • 5% fee if either the student or cosigner has an Experian VantageScore between 591 and 650, or

What is the CAL Loan repayment period?

  • Repayment for CAL begins six months after the student graduates or ceases to be enrolled at least halftime. 
  • There is a ten-year repayment period, with minimum monthly payments of $50.00 for balances under $30,000; 20-year repayment for balances of $30,000 or more
  • Postponements of loan repayment and income-sensitive or graduated repayment schedules are available. Students interested in postponing/deferring repayment will need to contact the lender, THECB.

What is the processing time after all completed documents are submitted?

  • The regular processing time is one week starting two days after the CAL Request Form has been submitted and imaged into the Financial Aid & Enrollment Services Office.
  • Incomplete CAL Request forms will delay processing.
  • Students who fail to submit their CAL paperwork to the THECB, will delay processing.
  • Once a loan is certified, only reducations are permitted (before disbursement). Requests for increases require a new CAL Request Form and new loan application with the THECB.

Disbursement Information

  • Funds for this loan are provided by the State of Texas by fiscal year.
  • Funds may not be available for disbursement until after September 1st for the Fall semesterr.

Note:  It will be the student’s responsibility to inform the Financial Aid & Enrollment Services Office that they no longer want to pursue or were denied/rejected the CAL loan, so we can make the necessary changes to their Financial Aid awards

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