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Graduate/Professional Student Loan

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Loan Processes 2024–2025

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.
  •  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, 2024, and before July 1, 2025 8.08%
First disbursed on or after July 1, 2023, and before July 1, 2024 7.05%
Loan Origination Fees for Direct Unsubsidized Loans for Graduate Students
First disbursed on or after Oct. 1, 2020 1.057%
  • Begin your loan process by accepting your Direct Loan award at - Financial Aid - Aid Year -  Accept/Decline Financial Aid. 

Master Promissory Note and Entrance Counseling Instructions


1. Select the In School tab

  • Under Popular Topics choose "Complete a Loan Agreement (Master Promissory Note/MPN)"

2. Choose the Direct Loan MPN for Gradate/Professional Student and Log in to Select MPN Type.

  • To log in, use student FSA ID and password assigned when FAFSA was completed.
  • If you do not have an FSA ID, choose "Create an Account" and follow the directions.
  • Chose the MPN for Subsidized and Unsubsidized Loans.
  • Answer each section.
  • Select Texas Christian University in the school section.
  • Submit.

3. Entrance Counseling for graduate or professional students is required if you have not previously received a Direct Unsubsidized Loan or Direct Graduate PLUS Loan. 

  • Go back to the In School tab.
  • Choose "Complete Loan Entrance Counseling."
  • Choose your student level.
  • If you have logged out, log back in using your student FSA ID and password.
  • Answer each question.
  • Submit.

Watch you TCU email account for important financial aid notifications.

Other Loan Options

The Federal Direct Loan Program has an annual loan limit of $20,500 for graduate students. Please note: TCU's financial aid year begins with the summer semester and end with the spring semester. If you anticipate needing more loan funds for the academic year you may apply for additional loans through the Federal Graduate PLUS or in a private student loan. Graduate students that meet Texas Residency requirements may choose to borrow a College Access Loan.

For additional information about loans, please review the links below. 

Loan Disbursements

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

Fall/Spring loans will disburse seven to ten days prior to the first day of class each semester.

The TCU Financial Aid Office will notify you by TCU email when loan funds have credited your student account. However, you can review on > 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.