The Texas B-On-Time (BOT) Loan Program is a unique state aid program intended to increase access to higher education in Texas and encourage on-time graduation. This state student loan may be completely forgiven if the otherwise eligible borrower completes his or her degree on time. The BOT Loan Program was developed in response to low on-time graduation rates; as of 2003, less than 50% of Texas students were graduating within 6 years of entering college. With the creation of this bill, State Senator Judith Zaffirini (D-Laredo) aimed to increase the return on college investment by motivating students to graduate on time and therefore spend less money on their education. A secondary goal of this program is to help prevent overcrowding at public universities in Texas by creating vacancies as more students graduate in less time (Holdsworth, 2004). This paper discusses the following: (1) Eligibility requirements; (2) Renewal eligibility; and (3) Forgiveness requirements of the loan program.