University of Wisconsin Stout | Wisconsin's Polytechnic University
Services
Inspiring You. It is our goal to provide you with the services you need to excel as a student at UW-Stout.
Subsidized Stafford Loan
Eligibility
Award is based on Financial Need
Funds are limited and are awarded first-come first served.
Terms and Conditions
Interest Rate
- Loans disbursed on or after July 1, 2012 will have a fixed interest rate of 3.4%.
- Loans disbursed after July 1, 2012 will be charged an origination fee of 1%.
- No interest charged as long as borrower is enrolled at least half-time
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- Undergraduate - 6 credits
- Graduate - 5 credits
Awards
- The maximum awards differ by grade level, dependency status, and length of academic program.
Repayment
- Repayment begins six months after the borrower graduates, leaves school, or drops below half-time status.
- Repayment can be deferred or modified under certain conditions. Visit the Student Guide (from the US Department of Education) for more information.
Master Promissory Note (MPN)
First-time borrowers that have been offered a Direct Stafford Loan should complete a Master Promissory Note (MPN), and entrance loan counseling (an online tutorial and quiz) before any loan can be disbursed.