UW Colleges Money Matters
Loans
Student loans are a major source of financial aid for many students. All loans, including student loans, represent debts that must be repaid; however, most student loans do not go into repayment until after you graduate or drop below half-time enrollment. In addition to delayed repayment, most student loans have:
- relatively low interest rates
- several repayment options from which to choose
- circumstances under which you can postpone repayment
- other favorable terms and conditions
Student loans can be thought of as an investment in your future as long as you are prepared to meet your repayment responsibilities. Failure to repay your student loans will have serious adverse consequences. Please refer to the links below for more detailed information about the different types of loans that may be available to you.
When borrowing, it is important to carefully plan your budget so that you only borrow what you need, keep track of how much you are borrowing each year, and have some idea as to how you will pay your loans back when the time comes.
Special Note: Loans must be accepted and your award offer received by the Student Financial Aid Office before the end of your enrollment and associated loan period. If received afterward the loan cannot be processed.
- Loan Options
- Federal Stafford Loan Program
Federal Parents' Loan for Undergraduate Students (PLUS)
Federal Perkins Loan
Alternative Loans - Important Links for Stafford Loans
- Master Promissory Note
Stafford Loan Entrance Counseling
Stafford Loan Exit Counseling