Grants, scholarships, and Stafford loans are usually not available for summer terms. Students will need to utilize the loan programs listed below if assistance is needed for summer school costs. Students must have a 2008-2009 FAFSA on file and be enrolled in at least 6 hours in summer at TCU to apply for the PLUS and CAL loans. A student must also be a Texas resident to qualify for CAL. Any student may explore private loan options.

• All students needing funding for any summer school term may begin applying for loans beginning April 1, 2008.
• Please apply for your summer needs ONLY by choosing a loan period of 5/12/08 to 8/1/08 and by limiting your loan amount to the funding you will need for that time period.
• Additional loan applications should be completed for fall and spring costs once the student has received an award letter for those semesters.

Loan applications that are processed with the same lender and within 90 days of one another will most often result in only one inquiry to the students and/or co-signer’s credit. Check with your lender to confirm their credit application policies. Important: If you will be applying for a CAL loan for summer as well as a CAL for fall/spring, you must wait a minimum of 2 weeks between these applications.

Parents of undergraduate, dependent students may have eligibility for the Parent Loan for Undergraduate Students (PLUS). This loan is available for any amount, up to the cost of attendance minus other financial aid accepted by the student. The parent is the borrower, and a must pass a credit check administered by the lender. Click here for more information and to apply online.

Students may apply for a Private Educational Loan. These loans vary greatly in their terms and conditions depending on the selected lender. TCU provides a list of recommendations on our website for students who need assistance in selecting a lender. These loans are available for any amount up to the cost of attendance minus other financial aid accepted by the student. The student borrower will likely require a credit-worthy cosigner if the student’s credit is not sufficient.

The College Access Loan is available from the State of Texas for students who are Texas residents. This loan is limited to $10,000 for summer for undergraduate students at TCU. The student borrower will require a credit-worthy cosigner if the student’s credit is not sufficient. (Students also attending full-time in fall and spring of the coming year may have eligibility for additional CAL funding for those terms.) Apply online here.

Please Note: Credit approval information is not available to TCU prior to disbursement of College Access Loans. Therefore, the TCU Financial Services office will not be able to consider these funds in their calculations of anticipated financial aid. You may be required to make a payment on your student account prior to loan disbursement.

Processing time on state loan programs can be up to 10 weeks and disbursements from the state can be delayed significantly past university requested disbursement dates. During this extended processing time, pending proceeds from this loan will NOT be considered when calculating account balances and payment due amounts and finance charges WILL be assessed. If you cannot make payments to TCU on or before the billing due date, we strongly recommend that you select another type of loan program.

Please be sure to periodically check "Requested Information" on the financial aid website for any outstanding information needed to process your application. Awards will not disburse until all outstanding documents are submitted.