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Undergraduate Loans

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.

Federal Direct Subsidized/Unsubsidized Stafford Loans

Amount: Up to $7,500 for dependent students or $12,500 for independent students each year. Your college year determines how much you can borrow each year. Graduate students may borrow up to $138,000 maximum (including all Undergraduate Loans).

Graduate students are only eligible for unsubsidized loans. For any academic year, a graduate student may borrow up to $20,500 in unsubsidized loans per year.

  • Loan may be subsidized or unsubsidized
  • Current interest rates can change annually
  • Payments are deferred while you are enrolled at least half-time
  • Standard repayment term is 10-25 years
Learn more about Stafford Loans
Parent Loan for Undergraduate Students (PLUS)

Amount: Annual cost of attending Texas Wesleyan University minus other aid.

  • Loans have a fixed interest
  • Based on the credit of parent borrower
  • Also has an origination fee
  • Begin repaying once the loan is paid out
  • No grace period
  • Do not apply for your 2023-24 school year PLUS loans until May 1, 2023
Learn more about Parent PLUS Loans
College Access Loan

Amount: Annual cost of attending Texas Wesleyan University minus other aid while funding is available.

Who: Texas residents

  • Currently a fixed rate of 5.35%. Interest is not capitalized.
  • Based on your credit rating, you may need a cosigner.
  • 0% origination fee with a cosigner if either borrower or cosigner has Experian VantageScore of 650 or higher
  • Payments deferred while you are enrolled at least half-time
  • 6-month grace period after you leave school before repayments begin
  • Graduate students may be eligible as long as funding is available
  • For 2023-24 school year, do not apply for College Access Loans until April 24, 2023
Learn more about College Access Loans

 

Private Loans

Amount: Annual cost of attending Texas Wesleyan University minus other aid.

  • Lenders and loan options offered through Elm Select could mean lower interest rates for you
  • 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
Learn more about private loans from Elm Select