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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 2020-21 school year PLUS loans until May 1, 2020
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

  • Choose fixed or variable interest rate 6.6%. 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 2018-19 school year, do not apply for College Access Loans until April 18, 2018
Learn more about College Access Loans

Effective May 14, 2018, the College Access Loan (CAL) will carry a fixed interest rate of 5.30 percent. CAL applications certified by institutions on or after May 14, 2018 are subject to this interest rate. We recommend submitting your application on or after May 14, 2018 to ensure you receive the lower interest rate. There is no change to the interest rate for loans certified prior to May 14, 2018.  

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