College Access Loan (CAL)

For information regarding using these funds for summer school, please see the summer financial aid page.

What should I expect during the College Access Loan application process?

The College Access Loan is available from the state of Texas for certain students who are Texas residents. Limited funds provided from state sources. FAFSA must be on file.

Eligibility: The student will be the borrower, and traditional undergraduate students will require a credit-worthy cosigner to qualify. Spouses are not eligible to cosign on this loan. Apply online at

Loan Terms: EFFECTIVE 05/01/2019 Fixed interest rate of 5.20%  Repayment begins 6 months after the date the student is no longer enrolled at least 1/2 time (or student graduates). No origination fee will be assessed for all approved borrowers; an Experian VantageScore of 650 required for approval. Balances under $30,000 have a ten-year repayment period; balances of $30,000 or more are paid over twenty years. Postponements of loan repayment and income-sensitive or graduated repayment schedules are available.

Credit Qualifications: students or cosigners must:

  • have an Experian Vantage score of 650 or higher; 
  • Not have public records such as tax liens or bankruptcy proceedings; 
  • Have a minimum of 5 credit trade lines; excluding student loans or authorized user accounts; 
  • Not have defaulted on any federal or private education loans.

Important: If you will be applying for a CAL loan for summer as well as a CAL for fall/spring, you must wait for a minimum of 2 weeks between these applications. (See the summer financial aid page for more details regarding summer financing.)

Processing time on state loan programs is approximately 3-4 weeks.



TCU Loan Team Contact: