UW Colleges Financial Aid

Loans

Student loans are a major source of financial aid for many students. All loans, including student loans, represent debt that must be repaid; however, most student loans do not go into repayment until after you graduate or drop below half-time enrollment (6 credits). 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 borrow only 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: If you are accepting loans on your UW Colleges Financial Aid Award Offer, you must return your completed Award Offer to the UW Colleges Student Financial Aid Office before the end of your enrollment and associated loan period. If received afterward, the loan cannot be processed.