Private Alternative Loans

In addition to the Federal Loan Programs available, there are several loan options for students who are searching for additional funds to help finance their undergraduate or graduate education.

Alternative Loan Programs are created by private lenders specifically to fill the gap between the financial aid awarded and the actual cost of education. Although alternative loans can be more expensive than Direct Loans, a little research can result in significant savings. Many companies offer numerous alternative loan options, so students are quite likely to find something that fits their needs. Any student enrolled in 6 hours or more, who is a US citizen, permanent resident, or international student who is a temporary resident is eligible to apply for a Private Educational Loan.

The lenders below have a proven and successful consistent partnership with UMHB through the years. If you desire to use any other lender to obtain a private loan, please notify the Financial Aid Office. In confirmation of the federal disclosure requirements of HEA Sec. 487(a)(27) and (h)), none of the lenders on the Lender List below is an affiliate of any other lender on the list. Please remember: These loans are credit based and will require a full credit check. Final approval amounts are determined by the Office of Financial Aid once a request for certification is received from your lender.

Be aware that due to Federal Policies governing educational lending, the amount certified by UMHB may be less than the amount you request on your initial application. It is strongly recommended that you thoroughly research each option and determine which of the following lenders offers a loan which fits with your individual needs or circumstances.

Students should keep in mind that the Federal Consolidation Loan program consolidates only federal loans. This excludes all loans received privately. Some alternative loan lenders may offer loan consolidation programs that will consolidate both federal and alternative loans. However, these consolidation loans are usually offered at much higher interest rates than that of the federal program. Students should ask lenders about consolidation options and their costs before committing to an alternative loan.

College Access Loan (CAL)

The College Access Loan Program provides alternative (private) education loans to Texas students who are unable to meet the cost of attendance. The CAL may be used to cover part or all of the student’s Expected Family Contribution (EFC); students do not have to demonstrate financial need. Students must be enrolled at least half-time, be a Texas resident, maintain satisfactory academic progress and receive a favorable credit evaluation or provide a cosigner who has good credit standing and meets other requirements. For further information, or to apply for the CAL, please visit www.hhloans.com.

Financial Aid finaid@umhb.edu
Address: 900 College Street, UMHB Station Box 8080, Belton, TX 76513
Phone: (254) 295-4517 | Fax: (254) 295-5009

Please use the links below to vist the lenders' websites.

College Access Loan (CAL)