Please review the conditions and terms of any loan before you indicate your acceptance. See the Student Loan Program Chart, paying careful attention to whether you have been awarded a subsidized or unsubsidized loan. Remember that unsubsidized loans mean that you pay the interest on the loan while you are in school and throughout the life of the loan. You may always borrow less than we are suggesting on the award letter. Just indicate the reduced amount you want to borrow in Section V. of the paper award letter or notify our office.
All loan programs require that you sign a promissory note, promising to repay the loan, before funds can be disbursed to you.
If you accept a Health Professions Primary Care Loan or Nursing Loan, Student Fiscal Services, 129 Schmitz, will prepare the promissory note for your signature. You must come to this office to sign your promissory note before funds can be disbursed to your account.
The Federal Perkins Student Loan requires your electronic signature on a master promissory note available on MyUW. Student Fiscal Services Office will send you an e-mail before the quarter if you still need to e-sign a Perkins note (you will need to sign only once for all Perkins Loans you borrow at the UW). These loans will be repaid to the University's loan servicer after you leave school.
If you wish to accept a Federal Direct Subsidized Stafford/Ford Loan or the Federal Direct Unsubsidized Stafford/Ford Loan, simply check your acceptance on your award notice on MyUW. If it is your first Direct Student Loan at the UW, you also need to electronically sign a master promissory note at https://dlenote.ed.gov (you will need to sign only once for all Stafford/Ford Loans you borrow at the UW). If you have not been awarded a Federal Direct Unsubsidized Stafford/Ford Loan and would like to use these funds to replace your family contribution, please write the amount you want to borrow in Section V. of your paper award letter or please notify our office. These funds are repaid to the Federal Direct Loan program's servicing agent after you leave school.
The Federal Direct Graduate PLUS (GPLUS) allows that the maximum amount borrowed may not exceed the difference between the school's determination of the cost of attendance and assistance received including scholarships and other benefits. The GPLUS Loan has no interest subsidy and should be regarded as a last resort for most students. If you want to borrow this loan, accept the loan on your award letter and write in the amount you would like to borrow (if it differs from the amount we suggested). You will need to electronically sign a master promissory note at https://dlenote.ed.gov. Then your information will be forwarded to the federal government's processor for a credit check. Repayment of the GPLUS loan begins 60 days after the loan is fully disbursed.