Applying for Financial Aid

Loans

Money you borrow. Loans can be an important tool in making college possible—but they do need to be repaid, often with interest. That is why we encourage you to explore grants and scholarships first. If loans are part of your financial plan, we will help you understand your options.

Different Types of Loans

Student loans are available through government programs, credit unions, and banks. In most cases, you do not need to repay student loans until you finish college.

Federal Loans

The U.S. government provides over 90% of student loans. These loans often have lower interest rates through banks or credit unions and do not accrue interest while you are in school. To access them, start with the Free Application for Federal Aid (FAFSA).

Private Loans

Banks and credit unions also offer loans to students and families. These tend to have higher interest rates and fees than federal loans, and repayment terms may vary. Credit unions sometimes offer slightly more favorable terms than banks.

Get Started

Filing the Free Application for Federal Student Aid (FAFSA) is your first step. It determines your eligibility for federal loans—and other types of aid.

Once You Apply

Track and manage your loans via the National Student Loan Data System after submitting your FAFSA.

Other Loan Resources

Explore Loan Information at our UW Universities

UW-Eau Claire

UW-Green Bay

UW-La Crosse

UW-Madison

UW-Milwaukee

UW-Oshkosh

UW-Parkside

UW-Platteville

UW-River Falls

UW-Stevens Point

UW-Stout

UW-Superior

UW-Whitewater