UWStudentLoans.com

Alternative Student Loans

Students Benefit

• Borrow up to $20,000 annually; $100,000 total
• Option to make interest-only payments in first 2 years of repayment
• Take up to 12 years to repay
• Cosigner release option after 36 consecutive, on-time payments
• Deferred payments while in school
• 6-month grace period before repayment begins
• 10-day grace period after payment due date

Interest Rate

Your interest rate will be based on your, or your cosigner's, credit worthiness. There are three credit tiers.

Tier 1	3-month LIBOR + 2.75%
Tier 2	3-month LIBOR + 4.25%
Tier 3	3-month LIBOR + 5.25%

This is a variable rate that can change quarterly.
Current rate | Current LIBOR chart

Eligibility

• Age 18 or older
• Enrolled at least half-time
• Attend a UW System school or Edgewood College¹
• A satisfactory credit score
• At least 2 years of credit history
• Income sufficient to make payments
• U.S. citizenship or Permanent Alien status OR a cosigner that meets these conditions.

Disbursement & Repayment

After your application is approved, your school will certify the amount you're eligible to receive and disburse your funds to you, along with disclosures. Interest accrues upon disbursement; repayment begins when the grace period ends. (Grace is the six-month period after leaving school or dropping below half-time status.)

¹Participating Schools

If you are attending another school, please contact your school's financial aid office.