About the Loan
Forgiveness of Loans
Repayment of Loans

About the Loan

The Texas B-On-Time (BOT) Loan program has ended, this loan is no longer being offered to new borrowers.

Forgiveness Requirements

Forgiveness may be granted if a previous BOT loan borrower receives an undergraduate degree from an eligible institution and the student meets certain requirements. Upon graduation, don't forget to complete the BOT Loan Application for Forgiveness.

Repayment of Loans

Texas B-On-Time (BOT) Loan has a 6-month grace period from the date a previous BOT loan borrower ceases to be enrolled at least half-time at an eligible institution. Repayment begins after the expiration of the 6-month grace period. The BOT loan has a 15-year repayment period or a minimum monthly payment of $75.00.

Deferments for education enrollment or forbearance (financial hardship) are available. If the account defaults and a judgment is entered against the borrower, interest will begin to accrue at the legal rate described in the Terms and Notices from the date of judgment until the entire debt is paid in full. 

Please visit hhloans.com for repayment details.