Student Loans

This is an archived copy of the 2014-2015 catalog. To access the most recent version of the catalog, please visit http://catalog.twu.edu.

The University administers loan programs whereby graduate students can borrow a substantial part of the expenses of pursuing graduate study. Repayment of loans begins six months after the recipient has ceased enrollment as at least a half-time student (6 semester credit hours per semester).

For more information on the loans listed below, please visit the TWU Financial Aid website .

Hinson-Hazlewood College Student Loan Program

The University participates in the state loan program (HHCSLP) which was authorized by an amendment to the state constitution on November 2, 1965. Students who are legal residents of Texas and those eligible to pay Texas resident tuition rates may apply for this type of loan.

Perkins Loan

The University participates in the Perkins Loan Program authorized by the National Education Act of 1958 (Public Law 85-864) as amended by the Education Amendments of 1976 (Public Law 94-482).

Nursing Student Loan Program

The University participates in the Nursing Student Loan Program which was established by the Nursing Training Act of 1964. Nursing students only are eligible for this type of loan.

The Ella Kate and Wallace Ralston Medical and Nursing Student’s Loan Fund

The Ella Kate and Wallace Ralston Medical and Nursing Student’s Loan Fund was established under the will of the late Ella Kate Ralston of Houston, TX. Mrs. Ralston was the widow of Dr. Wallace Ralston, a prominent Houston physician who specialized in diseases of the eye until his death in 1951. To the extent funds are available, this fund provides loans to full-time medical or nursing students who are Texas Residents and citizens of the United States. Loans up to $5,000 annually for medical students and up to $2,000 annually for nursing students are awarded on the basis of financial need. Preference will be given to junior and senior students, but loans may be granted to sophomores if funds are available.

Unsubsidized Federal Direct Stafford Loan

This loan is available to independent undergraduate students or graduate/professional students. Interest accrues from the date of disbursement at a variable rate not to exceed 9% annually. The federal government sets the rate each year. Students may borrow up to $20,500 annually with an aggregate maximum of $138,500.

Federal Direct Graduate PLUS Loan

This loan is available to degree or certification seeking students, enrolled half-time or more, who have exhausted their annual eligibility for the Unsubsidized Federal  Direct Stafford Loan. A credit check is required and a FAFSA must be completed. Students may borrow up to the cost of attendance minus other aid received. Repayment begins 60 days after the final disbursement of the loan, but may be deferred during continued half-time enrollment. Interest payments not made during periods of enrollment or deferment will be capitalized.