Emergency Tuition Loans:                                                                                            

An emergency tuition loan covers the minimum due on tuition & fees at registration for the long semesters. For the long semesters (fall and spring) this is approximately one half of what is owed. It does NOT cover room and board charges. It will be due 90 days from the date it is receipted to your account. For the summer sessions it covers the entire amount of tuition and fees owed. Summer tuition loans are 30 day loans.

Emergency tuition loans are available for the long semester installments. The second installment loans are due 45 days from the date of receipt. Third installment loans are due 30 days from receipt. Emergency tuition loans accrue interest 5% from the date it is receipted to your account to the due date, regardless of the semester. After the due date, an additional 10% interest is added as a delinquent fee. These amounts are figured on the unpaid principal. A Past due tuition loan will cause a hold to be placed on your account.

To obtain an emergency tuition loan you must meet the eligibility criteria.

     a. You must have an overall GPA at TXST of 2.0
     b. You must be enrolled at least half time
     c. You cannot be in default on educational loans at any other school
     d. You cannot have any holds with TXST

Emergency tuition loans are applied for on-line (Emergency Tuition Loan Application) and approved by the Office of Student Financial Aid in the J.C. Kellam Building, Room 220.

The emergency tuition loan promissory notes are held by the Collections office. They are billed by the Collections office separately from any other charges you might have at TXST. One statement will go out to the local address approximately 15 days before the due date for the loan. The loans may be repaid online (ETLP Payment) or at the cashier office on the first floor of JCK. They may be repaid any time before the due date.  

Short Term Loans:                                                                                                          

Short term loans are available to help students with book purchases and unexpected expenses. Except for exceptional circumstances, the maximum given is $400.00.

The loans are applied for at the Office of Student Financial Aid, JCK 220. Approved loans are generally ready within 7 to 10 working days from submission date of application. It is the student’s responsibility to check with OSFA to see when the check will be ready. OSFA does not contact the student. The loan checks will be cancelled if not picked up within 10 days of the check date.

To be eligible for a short term loan you must:

     a. have a TXST GPA of 2.0 or better
     b. be enrolled at least half time
     c. have no holds with TXST

Long semester loans are due on the first working day of May for spring semester and the first working day of December for fall semester. All summer loans are due the first working day of August.

All loans accrue interest at the rate of 10% per annum from the date the promissory note is signed until maturity (due date). The interest rate rises to 15% per annum after the due date and accrues daily until the loan is paid in full. The interest accrues only on the unpaid principal amount of the loan. If not paid by the due date, a hold is placed on all records at TXST.

The promissory notes are held in the collections office. They are not available for payment on-line or via CATS. They are billed separately from all other charges by the collections office 15 days before the due date. The statements are mailed to the local address. The short term loans may be repaid any time before the due date.