All loans must be repaid. Borrowing only what is needed will reduce the amount that must be repaid.

Federal Direct Student Loans expanding section

UW-La Crosse participates in the Federal Direct Loan Program. With Direct Lending, the lender is the U.S. Department of Education.

  • All students who wish to borrow from the Direct Loan Program must complete a Free Application for Federal Student Aid (FAFSA).
  • The Financial Aid Office will process the student's FAFSA and send an e-mail notification when the financial aid offer is ready to review and accept in the WINGS student center.
  •  All first-time Direct Loan borrowers need to complete the Direct Loan Master Promissory Note (MPN) and the federally required Entrance Loan Counseling before their Direct Loans will be disbursed.
  • Students may find the 2019-20 Guide to Your Financial Aid to be very helpful in understanding the Direct Loan process.
  • The interest rate for Federal Direct loans for undergraduate students is 4.53% for the 2019-20 academic year. In addition, there is a 1.062% Origination Fee deducted from the loan before it is disbursed.
  • The Federal government pays the interest on the Federal Subsidized Loans until the student is out of school and during the six month grace period. The interest on Federal Unsubsidized Loans begins accruing once the loan is disbursed. Both loans go into repayment 6 months after the student is no longer enrolled at least half-time.
Federal Direct Parent PLUS Loans expanding section
  • The Federal Direct Parent PLUS Loan Program provides loans for parents of dependent students attending post-secondary schools.
  • The Direct PLUS Loan is an education loan, with an interest rate of 7.08% for the 2019-20 academic year, that allows a parent to fund up to the entire cost of their student's education minus financial aid already offered and accepted. In addition, there is a 4.248% Origination Fee deducted from the loan before it is disbursed. 
  • Eligibility is based on credit worthiness of the parent. Parents and/or step-parents of dependent undergraduate students are eligible to borrow under the Federal Parent PLUS program.
  • To apply, go to our Parent PLUS Loan page.
Private student loans expanding section
  • Students who need additional funds for education, beyond what was awarded on their financial aid offer, might consider a private student loan.
  • These loans are private educational loans from a lender and are not guaranteed by the federal government.
  • Approval of a private student loan is based on creditworthiness. Most students will require a co-signer.
  • The student should file a Free Application for Federal Student Aid (FAFSA) to determine eligibility for federal and state aid before applying for a private student loan.
  • To apply, go to our Private student loans page.
UWL Foundation Bridge Loan expanding section
  • For students with an outstanding balance between $100 and $350.
  • Call the Financial Aid Office to set up an appointment with a counselor regarding the Bridge Loan application.
Federal Loan Consolidation expanding section
Consolidating Student Loans
Some kinds of loans allow you to restructure your repayments based on your income. Get to know your options.