Military & Veteran Student Loan Forgiveness Programs in Texas
Military service members and veterans have made great sacrifices to serve our country, and Texas recognizes this by offering various loan forgiveness programs to help them pursue higher education. In this article, we will explore the loan forgiveness programs available to military and veteran students in Texas.
Texas Armed Services Scholarship Program (TASSP)
The Texas Armed Services Scholarship Program (TASSP) provides financial assistance to students who are currently serving in the Texas National Guard, Texas Air National Guard, Texas State Guard, United States Coast Guard, or United States Merchant Marine, or are honorably discharged veterans. The scholarship provides up to $10,000 per academic year for up to four years of undergraduate studies at a Texas public or private institution of higher education. In exchange for the scholarship, recipients must commit to serving in the Texas Army National Guard, Texas Air National Guard, Texas State Guard, United States Coast Guard, or United States Merchant Marine for at least four years after graduation.
The Hazlewood Exemption is a state benefit that provides qualified Texas veterans with tuition exemption at public colleges and universities in Texas.
The program was established in 1943 by the Texas Legislature to provide an education benefit to veterans who served in World War II. Today, the program covers qualified veterans, their spouses, and dependent children.
The Hazlewood Exemption covers up to 150 credit hours of tuition and most mandatory fees at public colleges and universities in Texas. The benefit can be used for undergraduate, graduate, and doctoral degrees.
Tuition Equalization Grant (TEG)
The Tuition Equalization Grant (TEG) is a need-based grant program that provides assistance to students who attend private, non-profit colleges and universities in Texas. The program is available to eligible Texas residents who demonstrate financial need and are enrolled in an undergraduate degree program at a participating institution. In addition to the eligibility requirements, applicants must also meet the following criteria: be a Texas resident, enroll in a minimum of nine semester credit hours, have a family income not exceeding $50,000, and have a minimum GPA of 2.5.
Texas B-On-Time Loan Program
The Texas B-On-Time Loan Program is a loan forgiveness program that is available to Texas residents who have completed high school and enrolled in an undergraduate degree program at an eligible Texas institution. The program provides zero-interest loans of up to $10,000 per year for up to four years of undergraduate study. If the student graduates with a cumulative GPA of 3.0 or higher within the program’s time frame, the loan will be forgiven. However, if the student does not meet the program’s requirements, the loan must be repaid with interest.
To be eligible for these loan forgiveness programs, you must first meet certain criteria. For example, you must have federal student loans, and you must be a current or former member of the military. You may also need to work in a public service position, serve in a specific branch of the military, or have a service-related disability.
In conclusion, Texas offers various loan forgiveness programs to military and veteran students. These programs not only provide financial assistance but also serve as a recognition of the sacrifices made by these individuals to serve our country. Military and veteran students in Texas should explore these programs and take advantage of the benefits they offer to pursue their educational goals.
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