B-On-Time Loan

B-On-Time Update

The Texas Legislature has voted to end the B On Time Loan program.  Beginning with the Fall 2015 semester, funding will be available for renewals only.

What is the B-On-Time Loan Program

The B-On-Time Loan Program is a  loan program, providing non-interest bearing loans with a provision for loan forgiveness if the student meets defined criteria. Additional information including repayment and loan forgiveness eligibility, may be viewed a www.hhloans.com.

How to Apply for the Texas B-On-Time Program (Renewals)

You must complete a FAFSA and be eligible to receive federal financial aid.  If you have received the BOT at LU in the previous award year, you will automatically be awarded the BOT loan as long as the eligibility requirements are met. 

Continuing Eligibility Requirements for the BOT Loan

  • Be enrolled full time as an undergraduate student in an eligible program
  • Not have been granted a baccalaureate degree
  • In the 1st academic year, make Satisfactory Academic Progress towards a degree or certificate as determined by the institution as of the end of the 1st academic year
  • As of the end of the 2nd and subsequent academic years ,complete at least 75% of the semester credit hours attempted in the most recent academic year and have a cumulative GPA of at least a 2.5 on a 4.0 scale (or the equivalent) on all course work previously attempted at institutions of higher education
  • A student may not receive the BOT Loan for more than 150 hours

Disbursement Requirements for the BOT Loan

Loan funds will not disburse until all requirements have been successfully completed. If you are awarded the BOT loan you will  be required to complete a self certification and also sign a promissory note, both at http://www.hhloans.com/. You will also be required to complete a counseling session, this will be listed on your self service banner as a student requirement. You should print the certificate of completion and write your name in the space provided and present to our office.  The  BOT loan will not be certified and sent to the State until this has been completed and received.

Maximum BOT Annual Loan Amounts for 2016-2017 and Fees

$8,722/year; $4,361/semester (renewal recipients only)
A 3% origination fee will be deducted from the loan proceeds.

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