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Graduate/Professional Student Loan

Financial Aid For Graduate Students

Loan Processes 2020–2021

Federal Direct Loans

  • Based on the results of the FAFSA, you may be offered funding through the Federal Direct Loan program.
  • The annual loan limit for the Direct Unsubsidized Loan for graduate students is $20,500.
  • Completing your Direct Loan process may require additional steps:
    1. Accept your Direct Loan award at – Financial Aid – Accept/Decline Financial Aid.
    2. Complete the Master Promissory Note (MPN) for your Federal Direct Loan. Log in at using your FSA ID. Under the "In School" tab Click on Complete A Loan Agreement (Master Promissory Note). TCU will receive electronic confirmation that you have completed the MPN process. It may take a couple of days for this to show as completed on
    3. Complete Entrance Counseling.  Entrance counseling is required before you can receive your first Direct Subsidized or Unsubsidized Loan as a student, or your first Direct PLUS Loan as a graduate/professional student.  Log in at    Under the "In School" tab Click on Complete Entrance Counseling. TCU will be notified electronically that you have completed this step.
  •  The Federal Direct Unsubsidized Loan is not based on financial need. Interest accrues on the Unsubsidized loan upon disbursement while the student is in school.  
Fixed Interest Rates for Direct Unsubsidized Loans for Graduate Students
First disbursed on or after July 1, 2019, and before July 1, 2020 6.08%
First disbursed on or after July 1, 2020, and before July 1, 2021 4.30%
Loan Origination Fees for Direct Unsubsidized Loans for Graduate Students
First disbursed on or after Oct. 1, 2019, and before Oct. 1, 2020 1.059%
First disbursed on or after Oct. 1, 2020, and before Oct. 1, 2021 1.057%


Other Loan Options

The Federal Direct Loan Program has an annual loan limit of $20,500 for graduate students. If you anticipate needing more than $20,500 for the 2020-2021 academic year, you may need to consider applying for an additional loan. Click below to compare the different loan types available.

Loan Comparison Chart

Remember, your requested loan amount is only for the 2020-2021 academic year, which includes summer 2020 through spring of 2021.

Loan Payment Calculator


Loan Disbursements

Summer Loans

Summer loans will disburse on the first day of the student’s first summer class if enrolled for at least half-time (3 hours).

The TCU Financial Aid Office will notify you by TCU email when loan funds have credited your student account. However, you can review the – Student Center – Account Inquiry for your financial aid credits and account balance.

Disbursement of loans is contingent upon enrollment of classes and completion of the requested form(s). It may take 3-5 days after enrollment for loans to credit a student’s account.

Once your financial aid has disbursed and if you have a credit on your student account, you can submit an online refund request to Financial Services (Sadler Hall 2011).