Grants & Loans
Loans
Please log into your student Self Service to review your loans and accept or decline them. This includes federal subsidized, unsubsidized, and PLUS loans. All loans must be accepted before they are processed. You will receive an email notification when the loans disburse to your account.
IMPORTANT UPDATE ON PLUS LOANS: If you have previously taken a PLUS loan, you may still borrow up to cost of attendance minus aid. If this is the first time borrowing PLUS, the maximum amount you can borrow is $20,000 for the academic year and $65,000 lifetime.
Private loans will be certified then added to the students financial page in Self Service. We recommend going through our preferred lender list for different Private loan options, linked below. Click on the links below to get more information about the different types of loans. Email loans@southwestern.edu or call 512-863-1259 for additional assistance.
| Federal Subsidized Loan | Federal Unsubsidized Loan | Federal Plus/ParenT Loan | Private Loan |
|
Student Loan Need-based 6.39% interest 1.057% origination fee |
Student Loan Non-need-based 6.39% interest 1.057% origination fee |
Parent Loan Requires a credit check 8.94% interest 4.228% origination fee |
Student and Parent Loans May require a cosigner Interest and origination fees vary |