Feb. 23, 2023, Austin – The Texas Higher Education Coordinating Board is now offering a new low-interest loan option for Texas students. The Future Occupations & Reskilling Workforce Advancement to Reach Demand (FORWARD) Loan Program is designed to increase the number of students who obtain high-value credentials in high-demand occupations.
The FORWARD Loan is structured to help students complete their degrees with manageable to low debt levels and for students to be able to repay the loan within 10 years.
“The FORWARD Loan Program will help more Texans secure careers in high-demand fields and complete their degrees with manageable debt as they enter the workforce,” said Commissioner of Higher Education Harrison Keller. “We are committed to increasing educational attainment for Texans of all ages, with the goal of 95% of all undergraduates completing their credentials with manageable or no debt. This program can be a key piece in achieving those goals.”
The program is open to students who are enrolled in a high-demand credential program that the student will be able to complete in two years or less. Eligible programs include technology, nursing/patient care, teaching, supply chain/transportation and logistics, and energy.
“Texas’ economic competitiveness depends on an educated workforce,” said Chairman of the Coordinating Board Dr. Fred Farias. “The FORWARD Loan is one more program that will help more Texas students enter high-demand jobs and allow them to contribute to, participate in, and benefit from our world class economy.”
Additional eligibility information is available online.