UW Colleges Money Matters
Federal Stafford Loan Program
All students who complete the Free Application for Federal Student Aid (FAFSA) and are eligible to be considered for financial aid may receive the Federal Stafford Loan. This loan may be Subsidized, Unsubsidized, or a combination of both. This loan is borrowed and repaid by the student. A student's eligibility is determined by the results of the FAFSA, total cost of attendance, and other financial aid resources. Stafford loans disbursed on or after July 1, 2006 have a fixed interest rate of 6.8%.
Subsidized Stafford Loan
The federal government pays the interest on this loan while you are in school at least half time, during your six month grace period after you leave school, and during any deferment periods. You must have financial need to qualify for this type of loan.
Unsubsidized Stafford Loan
You will be charged interest on this loan from the time the loan is disbursed until it is paid in full. You may allow interest to accumulate until repayment, at which time it will be capitalized. We encourage you to make quarterly interest payments, if possible. Financial need is not required to receive this loan.
Complete Online Master Promissory Note
Complete Online Stafford Loan Entrance Counseling
Complete Online Stafford Loan Exit Counseling