Counselor Resources

Guide your students through applying to college, obtaining aid, and considering a career.

Can the Texas B-On-Time Loan Program Help You?

Graduate on time with good grades get your loan forgiven

The Texas B-On-Time (BOT) Loan Program provides zero-interest loans to Texas residents attending 4-year colleges in Texas. The program is designed to encourage timely graduation and high grades. How so? Review the details below and find out.

BOT benefits

An unbeatable interest rate: 0%
Possible loan forgiveness for graduating on time and with good grades

Eligibility requirements for loan forgiveness

Students must graduate with a 3.0 grade point average (on a 4.0 point scale) and must finish:

  • Within four calendar years for most bachelor's degree programs or five calendar years for certain programs, for example, architecture, or
  • With no more than six credit hours beyond what is required to complete the degree or certificate.**

Note: Beginning with the 2014-15 academic year, the eligibility requirements for the BOT loan have changed. However, qualifying students who received one or more BOT loans under the previous requirements may still be eligible for loan forgiveness. If you have already borrowed and have questions about whether you qualify for loan forgiveness, please contact your school's financial aid office.

How do I apply?

Applicants for BOT loans are strongly encouraged to apply early. The BOT program is dependent on funding from the Texas Legislature. Availability of BOT loans may change depending on funding levels and demand.

Have a BOT loan? Track your progress toward loan forgiveness

If you have already borrowed a BOT loan, use our Texas B-On-Time (BOT) Loan GPA Calculator to determine your potential BOT renewal and/or loan forgiveness eligibility.

Have questions about the BOT Program?

Contact your school's financial aid office.



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