• Have completed a FAFSA and be eligible to receive federal financial aid;
• Be enrolled full time in an undergraduate degree or certification program at an eligible institution;
• Be a Texas resident or be entitled to pay resident tuition rates as a dependent child of a member of the U.S. armed forces;
• Have graduated in the 2002-2003 academic year or later from a high school operated by the U.S. Department of Defense or accredited private high school in Texas or;
• Have earned an associate's degree from an eligible institution no earlier than May 1, 2005.

Students who have a bachelor's degree are not eligible for B-On-Time loans.

ANNUAL LOAN AMOUNTS FOR 2006-2007:

4-year public and private institutions: $2,375/semester ($4,750/year)

A 3% origination fee will be deducted from the loan proceeds.

RENEWAL ELIGIBILITY:

To maintain eligibility for future disbursements, the student must:

• In the 1st Academic Year - make satisfactory academic progress toward a degree or certificate as determined by the institution.
• In 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 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 B-On-Time loans for more than 150 hours.

FORGIVENESS REQUIREMENTS:

A Texas B-On-Time Loan shall be forgiven if the student receives an undergraduate degree or certification from an eligible institution and the student either:

• Graduated with a cumulative GPA of at least a 3.0 on a 4.0 scale, within:
  • 4 calendar years after the date the student initially enrolled in an eligible institution;
  • 5 calendar years after the date the student intially enrolled in an eligible institution, if the degree is in architecture, engineering, or any other program determined by the Texas Higher Education Coordinating Board to require more than 4 years to complete; or
  • 2 calendar years after the date the student initially enrolled in a public or private 2 year institution; or
• Graduated with a cumulative GPA of at least 3.0 on a 4.0 scale, with a total number of credit hours (including transfer hours and hours earned exclusively by examination) that is no more than 6 hours beyond what is required to complete the degree or certificate.

Forgiven B-On-Time Loans must be reported to the IRS as taxable income.

WHERE CAN I GET ADDITIONAL INFORMATION?

• Texas Higher Education Coordinating Board Rules, Chapter 21,
  Subchapter E at: www.hhloans.com/Insts/ProposedRules.pdf
• Texas Education Code, Chapter 56 at: http://tlo2.tlc.state.tx.us/statutes/docs/ED/content/htm/ed.003.00.000056.00.htm
• Call Austin at 512-427-6340 or toll free at 800-242-3062.
• Contact the Financial Aid Office at 254-968-9070

To Contact the Registrar's Office:
    Office of the Registrar
    Tarleton State University
    Box T - 0620
    Stephenville, TX  76402
    PHONE 254-968-9121 (or) FAX 254-968-9389