By Jimmy Preston
KTSW Web Content
*KTSW consists of and respects varying opinions within its staff. Opinion articles do not reflect the opinion of KTSW as a whole.
Going to college is hard enough without the added stress of how to pay for it. In a perfect world you would graduate from high school and leave home with a blank check from your parents, and 4 years later you would graduate from university. These days it’s not that easy. You have to search for the free money. While there are plenty of scholarships out there, they involve a competitive application process and normally have very few actual awards to give out. What if I told you there is a loan out there that you might not have to pay back. All you have to do is complete your 4-year degree on-time.
When I first heard about the B-On-Time Loan I was amazed that it was such a secret. The reason for it’s allusiveness is the simple fact that financial aid department employees are encouraged to promote Federal Aid programs in lieu of State Aid. This B-On-Time Loan is an $8,000/year loan that you can apply for, and as long as you meet the forgiveness requirements the loan can be forgiven upon graduation.
You owe it to yourself to do the hard work now, not just in your studies, but in searching for free money. As you graduate and venture out into the real world, the less you have to pay each month in student loans, the more you can save for a rainy day. For more information, visit the Texas Higher Education Coordinating Board website.