Student Loans

Student Loans Texas

Student Loans Texas Detail
Texas student loans are particularly designed for students who wish to pursue education in the state of Texas. Texas is teeming with quality institutions, and is a great state in which to pursue higher education. However, the cost of attending college in Texas is still quite high, and many students are in need of financial aid to help pay for their tuition and other educational expenses. Texas student loans include federal, state, and private loans, and students who attend all types of schools, including community colleges, trade schools, and technical programs in Texas may be eligible to receive these types of loans.

Texas students can also receive Perkins loans as a part of their Texas student loans package. These are federal loans and are available to students who demonstrate exceptional financial need. For this type of loan, students are required to start repaying the loan nine months after graduation, if they leave school, or drop to less than part-time status. Like subsidized Stafford loans, the government pays the interest on the loan while the student is in school.

Student Loans Texas

Personal Student Loans

Personal Student Loans Detail
Choosing our Smart Option Student Loan® as your undergraduate student loan solution offers various financial and educational benefits, including competitive interest rates, a choice of repayment options, and rewards for paying your undergraduate student loans on time while in school. Plus, you can borrow up to 100% of your school-certified costs of education.
Choice and Savings

Deferred Repayment Option. Make no payments during school—or pay as much as you'd like for maximum flexibility.1 Fixed Repayment Option. Pay just $25 a month2 while in school1, and you can benefit from an average savings of over 10% on your total undergraduate loan cost, compared to our deferred repayment option.3 Interest Repayment Option. Pay interest while in school and you can enjoy average savings of over 20% on your total loan cost, when compared to our deferred repayment option.

Personal Student Loans

Current Student Loan Rates

Current Student Loan Rates Detail
The interest rates on Federal education loans change on July 1, and are based on the 91-day rate from the last Treasury auction in May and the average one-year constant maturity Treasury yield (CMT) for the last calendar week ending on or before June 26th. The following rates are updated automatically by a program that retrieves the latest appropriate Treasury bill auction data from the US Treasury web site. (During the month of June, the rates may reflect the updated reference rates. Check the date of the 91-day T-Bill and CMT reference rates listed below to see whether the student loan rates refer to the old or new academic year.)

Please note that the College Cost Reduction and Access Act of 2007 cut the fixed interest rates on newly originated subsidized Stafford loans for undergraduate students to 6.0% (2008-09), 5.6% (2009-10), 4.5% (2010-11) and 3.4% (2011-12), with a return to 6.8% in 2012-13. These cuts are available only to undergraduate students, not graduate students, and only for subsidized Stafford loans, not unsubsidized Stafford loans. Those loans remain at a fixed rate of 6.8%.

Current Student Loan Rates

Monday, 31 December 2012

Student Loans Texas

Personal Student Loans

Current Student Loan Rates