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Do I Qualify?

The goal of the Franklin Lindsay Student Aid Fund is to help students attending Texas colleges and universities obtain low interest funding for higher education. In order to apply for their first loan, students must meet certain qualifications, which are listed below.

Depending upon the specific needs of the individual student, qualified students are allowed to borrow up to a maximum of $6,000 per semester, up to $12,000 per academic year (fall to spring). Students who continue to meet the qualifications may apply for renewal loans until the total of all their Franklin Lindsay loans reaches $48,000.

Student loans are granted at the discretion of the Loan Committee and based on the availability of funds as well as the following criteria:

  1. You must have successfully completed a total of twenty-four (24) hours of college credit.

  2. You must maintain a minimum grade point average of 2.0 for undergraduate studies and 3.0 for graduate studies.

  3. You must be classified as a full-time student, twelve (12) hours for undergraduate studies and nine (9) hours for graduate studies.

  4. You must be pursuing a degree (certificate programs, for example, do not qualify) at a private or public nonprofit Texas-based college or university that has been accredited by the Commission.   https://www.sacscoc.org

  5. You must be a citizen of the United States of America or an eligible noncitizen.

  6. You will need someone to co-sign (other than spouse) who must also be a citizen of the USA or an eligible noncitizen.

  7. The note and application must be signed by you and your co-signer, guaranteeing payment of all student loans made to you by the Franklin Lindsay Student Aid Fund.

  8. All the information you submit will become a part of the permanent loan file and will not be returned to you, so make sure you keep copies of any original paperwork.

Student loans will not be offered to members of the Student Loan Committee, officers, directors or employees of the Trustee, or the family members of these groups based on the policies of the Franklin Lindsay Student Aid Fund.

The policies and procedures of this organization are governed by the Student Loan Committee and are subject to change. Any changes will be communicated to you by your Student Loan Committee member.