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Graduate & Professional Students-
General Loan Comparison Information
Type
of Loan |
Amounts |
Eligibility |
Interest/Repayment |
Lender |
How
To Apply |
Additional
Information |
| Federal Stafford Student Loan | $8,500 per year. Maximum of $138,500 including Unsubsidized Stafford Loans. | FAFSA required. Applicants must demonstrate financial eligibility. | 6.8% fixed simple interest. Interest does not accrue while in school. Repayment begins 6 months after the date the student is no longer enrolled at least 1/2 time (or student graduates). | Applicants must choose a lender. See TCU's lender recommendations on this website. |
Applicants must file FAFSA. Eligibility will be determined by the financial aid office and will be awarded to students who are eligible. | Eligible students will be awarded this loan when they file the FAFSA. |
| Federal Unsubsidized Stafford Student Loan | $12,000 per year, not to exceed student's cost of attendance | FAFSA required, but financial need eligibility not required. | 6.8% fixed simple interest. Interest accrues, but no payments required while in school. Repayment begins 6 months after the date the student is no longer enrolled at least 1/2 time (or student graduates). | Applicants must choose a lender. See TCU's lender recommendations on this website. | Applicants must file FAFSA. Eligibility will be determined by the financial aid office and will be awarded to students who are eligible. | Eligible students will be awarded this loan when they file the FAFSA. |
| Private Educational Loans | Cost of Attendance - Total Aid Received = Private
Loan Eligibility |
Eligibility varies per lender and most lenders require a cosigner. A credit check is performed | Varies per lender; usually based on credit rating of borrower and/or cosigner. | Applicants must choose a lender. | Apply online through any participating lender. TCU's private loan lender recommendations are listed here. | Cosigner is equally liable for the loan when repayment begins. |
| Grad PLUS Loan | Cost of Attendance - Total Aid Received = Grad PLUS
Eligibility |
For GRADUATE and PROFESSIONAL STUDENTS ONLY. FAFSA required. A credit check is performed. Student must borrow Stafford eligibility before being considerefd for Grad PLUS. | 8.5% fixed simple interest. Interest accrues immediately; most lenders offer forbearance of the loan while the student is enrolled at least half time. | Applicants must choose a lender. | Apply online through any participating lender. TCU's lender recommendations are listed here. You may link directly to online application. | Loan can be denied by lender due to adverse credit history. |
College Access Loan (CAL) PLEASE SEE NOTE ABOUT PROCESSING TIME. |
Maximum $10,000 per regular academic year (fall + spring). An additional $10,000 per year is available for summer study for grad/ professional students. (CAL and HELP combined may not exceed these limits.) | Available to students who are Texas residents. FAFSA required. Limited funds provided from state sources. | Fixed interest rate of 6%. Repayment begins 6 months after the date the student is no longer enrolled at least 1/2 time (or student graduates). Fee deducted from application amount will be 3% - 5%, depending on credit. | Texas Higher Education Coordinating Board | Access online application here. Spouses are not eligible to cosign on this loan. | PLEASE NOTE: Processing time on state loan programs can be up to 10 weeks. Disbursements from the state are sometimes delayed up to 3 weeks past normal disbursement dates. During this extended processing time, TCU will NOT consider pending proceeds from this loan when calculating account balances and payment due amounts. If you cannot make payments to TCU as requested by your bill, we strongly recommend that you select another type of loan program. |
© 2006. Texas Christian University | 2800 S. University Dr., Fort Worth, Texas 76129 | 817.257.7858 | financialaid@tcu.edu