Texas Student Loans
Texas has made college a priority, and all students are encouraged to enroll in order to make sure that the state stays competitive in the global marketplace. Oftentimes, students in Texas need college loans in order to make that dream of a higher education a reality. In 1994, only 50.4 percent of students in Texas enrolled in college directly from high school, according to the National Center for Higher Education Management Systems. This meant that Texas had one of the lowest direct enrollment rates in the nation, and that Texas may not have been able to produce the skilled workers who could take the economy to the next level. In response to these low numbers, the Texas Higher Education Coordinating Board (THECB) was formed. This group was designed to boost overall college enrollment in Texas and ensure that even students from low-income, disadvantaged families felt the urge to complete an education. The Board also hoped to ensure that families understood their loan, grant and scholarship options in Texas, so that students wouldn’t be hampered by lack of finances when they were considering their education options.
Financing College in Texas
The work of the THECB has reduced the cost of some types of degree programs in Texas. For example, according to the Texas Tribune, pressure to lower the cost of school coming from the THECB and the governor made some schools in Texas think outside of the box when it came to developing new programs. After a year of this kind of work, Texas A&M University-Commerce and South Texas College began to offer bachelor’s degrees priced at just $750 per 7-week period.
Some students might enroll in these programs and save so much money that they won’t need loans, but some students might want to complete more traditional programs. Others might want to complete courses that are held in facilities located outside of Texas. Higher education loans might help to finance these goals.
- Completing a Free Application for Federal Student Aid (FAFSA)
- Reviewing award letters from state schools, provided after the FAFSA has been processed
- Reviewing award letters from out-of-state schools, based on FAFSA data
- Searching for loans in the private marketplace
Some students may find that they’re able to finance their educational experience through the exclusive use of federal forms of aid detailed in award letters from schools. Other students might need to look for private loans in order to fill the gaps.