| Federal Perkins Student Loan | Federal Direct Subsidized Stafford/Ford Loan | Federal Direct Unsubsidized Stafford/Ford Loan | Federal Direct Graduate GPLUS | Health Professions Loan (HPL) | Nursing Student Loan (NSL) | |
|---|---|---|---|---|---|---|
| Lender | UW | Federal government | Federal government | Federal government | UW | UW |
| Interest Rate | 5% | 6.8% | 6.8% | 7.9% | 5% | 5% |
| Interest-free in school? | Yes | Yes | No | No | Yes | Yes |
| Loan fees | None | 1.0% | 1.0% | 4.0% | None | None |
| Annual maximums | $8,000/year as graduate/professional | $8,500/grad & prof 1 | $12,000/grad & prof 2 4 | Cost of attendance minus aid | $2,500 plus tuition | $5,200 grad |
| Cumulative maximums | $60,000 undergrad & grad combined | $65,500 undergrad & grad combined | $138,500 undergrad & grad combined 3 5 | NA | NA | $17,000 |
| Grace period | 6-9 months | 6 months | 6 months | NA | 12 months | 9 months |
| Repayment period | to 10 years | 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 | $40/month |
| Other information | Not available to graduate/professional students for loan periods beginning 7/1/12 or later. Additional repayment options beyond the 10 years may be available. | 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' information required regardless of status. | For undergraduate and graduate nursing students. |
1 Graduate and professional students are only eligible for subsidized loans if the loan period began during summer quarter 2012.
2 May be increased by amount of unused portion of Subsidized Stafford/Ford Loan eligibility.
3 Aggregate loan amount includes Subsidized Stafford/Ford Loans.
4 Students in the Medical, Dental, and Pharmacy Schools are eligible for additional Unsubsidized Loan funds. For Medical and Dental students attending three quarters, the maximum is $40,500 and if attending four quarters, the maximum of $47,167. For Pharmacy students attending three quarters, the maximum is $33,000 or if attending four quarters, the maximum is $37,167.
5 Students in the Medical, Dental or Pharmacy programs have a cumulative maximum of $224,000.