Hinson-Hazlewood College Access Loan (CAL) (posted 04/14/2017)
The Texas Higher Education Coordinating Board (THECB) is announcing a new interest rate for the state-sponsored Hinson-Hazlewood College Access Loan (CAL) Program. Effective April 25, 2017, College Access Loans will carry a fixed interest rate of 6.60 percent and will require a minimum Experian VantageScore of 650 for credit approval. An origination fee will no longer be assessed for all approved CAL borrowers. Borrowers who start the CAL application process on or after April 25, 2017 will be subject to this credit requirement and interest rate. Credit eligibility and interest rate changes are driven by the interest rate of the latest bond sale and the overall restrictions on bond funding for the CAL program.
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