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Student Financial Aid

Student loans program chart

Undergraduate students

  Federal Perkins Student Loan Federal Direct Subsidized Undergraduate Stafford / Ford Loan Federal Direct Unsubsidized Undergraduate Stafford / Ford Loan Federal Direct Parent PLUS Loan Nursing Student Loan (NSL)
Lender UW Federal government Federal government Federal government UW
Interest Rate 5% 4.45% – loans disbursed between 7/1/2017 – 6/30/2018
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3.76% – loans disbursed between 7/1/2016 – 6/30/2017
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4.29% – loans disbursed between 7/1/2015 – 6/30/2016
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4.66% – loans disbursed between 7/1/2014 – 6/30/2015
4.45% – loans disbursed between 7/1/2017 – 6/30/2018
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3.76% – loans disbursed between 7/1/2016 – 6/30/2017
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4.29% – loans disbursed between 7/1/2015 – 6/30/2016
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4.66% – loans disbursed between 7/1/2014 – 6/30/2015
7.00% – loans disbursed between 7/1/2017 – 6/30/2018
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6.31% – loans disbursed between 7/1/2016 – 6/30/2017
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6.84% – loans disbursed between 7/1/2015 – 6/30/2016
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7.21% – loans disbursed between 7/1/2014 – 6/30/2015
5%
Interest-free in school? Yes Yes No No Yes
Loan fees None 1.066% – loans disbursed between 10/1/2017 – 9/30/2018
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1.069% – loans disbursed between 10/1/2016 – 9/30/2017
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1.068% – loans disbursed between 10/1/2015 – 9/30/2016
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1.073% – loans disbursed between 10/1/2014 – 9/30/2015
1.066% – loans disbursed between 10/1/2017 – 9/30/2018
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1.069% – loans disbursed between 10/1/2016 – 9/30/2017
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1.068% – loans disbursed between 10/1/2015 – 9/30/2016
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1.073% – disbursed between 10/1/2014 – 9/30/2015
4.264% – loans disbursed between 10/1/2017 – 9/30/2018
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4.276% – loans disbursed between 10/1/2016 – 9/30/2017
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4.272% – loans disbursed between 10/1/2015 – 9/30/2016
———-
4.292% – disbursed between 10/1/2014 – 9/30/2015
none
Annual maximums $5,500/year as undergraduate $3,500/freshmen
$4,500/sophomores
$5,500/juniors & seniors
Dependent Students – $2,000 **
Independent Students – $6,000 / freshmen & sophomores
$7,000 / juniors & seniors **
Cost of attendance minus other aid $3,300/first two years in program $5,200/last two years in program
Cumulative maximums $27,500 undergrad $23,000 undergrad $31,000/dependent undergrad ***
$57,500/independent undergrad ***
N/A $17,000
Grace period 6-9 months 6 months 6 months N/A 9 months
Repayment period to 10 years to 10 years to 10 years to 10 years to 10 years
Minimum payments $40/month $50/month $50/month $50/month $40/month
Other information Perkins loans are only available to students who have had their first disbursement prior to October 1, 2017. Additional repayment options beyond the 10 years may be available. Additional repayment options beyond the 10 years may be available. For parents of undergraduate students, not based on financial need. Repayment begins 60 days after last disbursement. Payment of principal can be delayed while student is in school. Additional repayment options beyond 10 years may be available. For undergraduate nursing students.

Graduate and professional students

Federal Perkins Student Loan Federal Direct Unsubsidized Graduate Stafford/Ford Loan Federal Direct Graduate PLUS (GPLUS) Health Professions Loan (HPL) Nursing Student Loan (NSL)
Lender UW Federal government Federal government UW UW
Interest Rate 5% 6.00% – loans disbursed between 7/1/2017 – 6/30/2018
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5.31% – loans disbursed between 7/1/2016 – 6/30/2017
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5.84% – loans disbursed between 7/1/2015 – 6/30/2016
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6.21% – loans disbursed between 7/1/14 – 6/30/2015
7.00% – loans disbursed between 7/1/2017 – 6/30/2018
———-
6.31% – loans disbursed between 7/1/2016 – 6/30/2017
———-
6.84% – loans disbursed between 7/1/2015 – 6/30/2016
———-
7.21% – loans disbursed between 7/1/14 – 6/30/2015
5% 5%
Interest-free in school? Yes No No Yes Yes
Loan fees None 1.066% – loans disbursed between 10/1/2017 – 9/30/2018
———-
1.069% – loans disbursed between 10/1/2016 – 9/30/2017
———-
1.068% – loans disbursed between 7/1/2015 – 9/30/2016
———-
1.073% – loans disbursed between 7/1/14 – 6/30/2015
4.264% – loans disbursed between 10/1/2017 – 9/30/2018
———-
4.276% – loans disbursed between 10/1/2016 – 9/30/2017
———-
4.272% – loans disbursed between 7/1/2015 – 9/30/2016
———-
4.292% – loans disbursed between 7/1/14 – 6/30/2015
None None
Annual maximums $8,000/year as graduate/professional $20,500/grad & prof 1 Cost of attendance minus aid $2,500 plus tuition $5,200 grad
Cumulative maximums $60,000 undergrad & grad combined $138,500 undergrad & grad combined N/A N/A $17,000
Grace period 6-9 months 6 months N/A 12 months 9 months
Repayment period to 10 years to 10 years to 10 years to 10 years to 10 years
Minimum payments $40/month $50/month $50/month $40/month $40/month
Other information Perkins loans are only available to students who have had their first disbursement prior to October 1, 2016. Additional repayment options beyond the 10 years may be available For graduate and professional students. Repayment of principal can be deferred when enrolled at least half time For students in Medicine, Dentistry, and Pharmacy. Parents’ financial information required regardless of status For undergraduate and graduate nursing students