|Federal Perkins Student Loan||Federal Direct Subsidized Stafford/Ford Loan||Federal Direct Unsubsidized Stafford/Ford Loan||Federal Direct PLUS||Nursing Student Loan (NSL)|
|Lender||UW||Federal government||Federal government||Federal government||UW|
|Interest Rate||5%||3.4% *||6.8%||7.9%||5%|
|Interest-free in school?||Yes||Yes||No||No||Yes|
|Annual maximums||$5,500/year as undergraduate||$3,500/freshmen
$5,500/juniors & seniors
|$6,000/freshmen & sophomores **
$7,000/juniors & seniors **
|Cost of attendance minus 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 ***
|Grace period||6-9 months||6 months||6 months||NA||9 months|
|Repayment period||to 10 years||to 10 years||to 10 years||to 10 years||to 10 years|
|Other information||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. Parents can defer payment of principal while the student is in school. Additional repayment options beyond the 10 years may be available.||For undergraduate nursing students.|
*Rates effective as of 7/1/11.
** May be increased by amount of unused portion of Subsidized Stafford/Ford Loan eligibility. Dependent students may receive up to the Subsidized Stafford/Ford annual maximums in any combination of subsidized and unsubsidized loans and an additional $2000 in Unsubsidized Stafford Loan, with a possible increase if their parents have been denied the Parent Loan (PLUS).
*** Aggregate loan amount includes Subsidized Stafford/Ford Loans.