Loans for Graduate Students
Texas Wesleyan participates in a variety of federal and state student loan programs. Brief details of each are listed below. Please click on the name of the loan program for more details or contact our office for additional information.
To be eligible
- completed FAFSA
- at least half time enrollment
Annual Award Limit
- $20,500
Terms
- fixed interest rate, currently 6.0% for Subsidized Stafford Loan and 6.8% fixed interest rate for Unsubsidized Stafford Loan
- for detailed information regarding each of the programs, the Federal Subsidized Stafford and the Federal Unsubsidized Stafford, please visit www.fafsa.ed.gov
- interest may be paid by federal government while in school
- payments deferred until student ceases enrollment of at least half time
- 6 month grace period after graduation
- standard repayment term is 10 years
- funds come from a bank, credit union, or other lender of student's choice
To apply
Graduate/Professional PLUS loan
To be eligible
- completed FAFSA
- must have used maximum eligibility in Stafford loans
Annual Award Limit
- cost of attendance minus other aid
Terms of the loan
- fixed interest rate, currently 8.5%
- repayment options vary by lender
- funds come from a bank, credit union, or other lender of student's choice
To apply
To be eligible
- completed FAFSA
- at least half time enrollment
- Texas resident
Annual Award Limit
- cost of attendance minus other aid
Terms of the loan
- student chooses fixed or variable interest rate, fixed is currently 5% and variable is currently 6.84%
- based on credit
- 3% origination fee with a cosignor
- 5% origination fee without a cosignor
- interest is not capitalized until repayment begins
- payments deferred until student ceases enrollment of at least half time
- 6 month grace perioid after graduation
- standard repayment term is 10 years
To apply
