We want to help you make college as affordable as possible. See what loans are available for you as an undergraduate student at Texas Wesleyan.
Amount: All students who file a FAFSA are reviewed for Federal Student Loans. Undergraduate students are offered Federal Student Loans based on their year in school and their dependency status. Students must be enrolled in at least 6 credits to receive their loans.
- The Federal Subsidized Loan is a financial need-based loan and there is no interest accruing while you are in school.
- The Federal Unsubsidized Loan begins accruing interest as soon as it is disbursed.
1st year: $5,500 (Dependent student) / $9,500 (Independent student)
No more than $3,500 of this amount may be in subsidized loans.
2nd year: $6,500 (Dependent student) / $10,500 (Independent student)
No more than $4,500 of this amount may be in subsidized loans.
3rd year and beyond: $7,500 (Dependent student) / $12,500 (Independent student)
No more than $5,500 of this amount may be in subsidized loans.
The maximum amount an Undergraduate Dependent student is allowed to borrow is $31,000 ($23,000 can be subsidized) whereas the maximum amount an Undergraduate Independent student is allowed to borrow is $57,500 ($23,000 can be subsidized).
- Fixed interest rate
- 2024-2025 interest rate: 6.53%
- Payments are deferred while you are enrolled at least half-time (6 credits for undergraduate students)
- Six-month grace period after you leave school before repayment begins
- There are a variety of repayment plans offered
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Learn more about Direct Loans |
Amount: Specified amount or up to remaining cost of attendance
- Federal loan in the parent's name for the student's education
- Fixed interest rate
- 2024-2025 interest rate: 9.08%
- Parent's application is reviewed for adverse credit history. If denied, an appeal or endorser can be used, or a student can request an additional Federal Direct Unsubsidized Loan be offered due to the denial.
- Loan has an origination fee
- Option to begin repayment once the loan is disbursed or defer until student graduates
- Apply today at studentaid.gov
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Learn more about Parent PLUS Loans |
Amount: Specified amount or up to remaining cost of attendance
Who: Students who are classified by Texas Wesleyan as a Texas Resident
- Fixed interest rate
- 2024-2025 interest rate: 6.30%
- Student or cosigner must have favorable credit evaluation
- No loan origination fee
- Payments deferred while you are enrolled at least half-time
- Six month grace period after you leave school before repayment begins
- Apply today at hhloans.com
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Learn more about College Access Loans |
Amount: Specified amount or up to remaining cost of attendance
Who: The Future Occupations & Reskilling Workforce Advancement to Reach Demand (FORWARD) Loan is for students classified by Texas Wesleyan as a Texas Resident who are enrolled in a program aligned with high-value credentials and high-demand occupations.
- Fixed interest rate
- 2024-2025 interest rate: 4.30%
- Student must be enrolled in an eligible program of study
- Student or cosigner must have favorable credit evaluation
- No loan origination fee
- Payments deferred while you are enrolled at least half-time (6 credits for Ugrads)
- Six month grace period after you leave school before repayment begins
- Apply today at hhloans.com
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Learn more about FORWARD Loans |
Amount: Specified amount or up to remaining cost of attendance
- Check out a variety of lenders and loan options offered through ELMSelect
- Private lenders are not affiliated with any federal student loan program
- Apply with a cosigner for the best interest rate option
- Compare lenders, repayment schedules, interest rates and loan fees
- Choose from undergraduate or graduate options
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Learn more about private loans from ELMSelect |