Graduate Loans

Amount: All students who file a FAFSA are reviewed for a Federal Student Loan. Graduate students are eligible to borrow up to $20,500 in a Federal Direct Unsubsidized Loan each year. The maximum amount a Graduate student is eligible to borrow is $138,500 (including Federal undergraduate loans).

• Fixed interest rate
  • 2024-2025 interest rate: 8.08%
• Payments are deferred while you are enrolled at least half-time (5 credits for Graduate Students)
• Six month grace period after you leave school before repayment begins
• There are a variety of repayment plans offered

‌	Learn more about Direct Loans

Amount: Specified amount or up to remaining cost of attendance

• Fixed interest rate
  • 2024-2025 interest rate: 9.08%
• Application is reviewed for adverse credit history. If denied, an appeal or endorser can be used.
• Loan has an origination fee
• Payments are deferred while you are enrolled at least half-time (5 credits for Graduate Students)
• Six month grace period after you leave school before repayment begins
• Apply today at studentaid.gov 

‌	Learn more about Direct 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

‌	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 (5 credits for Graduate Students)
• Six month grace period after you leave school before repayment begins
• Apply today at hhloans.com

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

‌	Learn more about private loans from ELMSelect