UW-River Falls

Federal Loans

Federal Perkins Loan:

A Federal Perkins Loan is a low-interest (5 percent) loan for both undergraduate and graduate students with financial need. Your school is your lender. The loan is made with government funds with a share contributed by the school. You must repay this loan to your school.

Click here for additional information regarding Federal Perkins Loan

Federal Stafford Loan:

Stafford Loans are a major form of self-help aid for students. The funds for your loan are sent to the school, in your name, from a lender .

There are two types of Federal Stafford Loans:

Federal Stafford - Subsidized: This award is made on the basis of demonstrated financial need. The federal government pays the interest while the student is enrolled and for six months after the student drops below half time enrollment.

Federal Stafford - Unsubsidized: An Unsubsidized loan is not based upon financial need. The student must pay the interest monthly, quarterly, or have the interest capitalized (added to the principal) on the loan while in school. You may choose to borrow less than the award amount or not at all. If you borrow, further action on your part is necessary before the loan application can be created and processed.

Click here for additional information regarding Federal Stafford Loan

Federal PLUS Loan:

They're loans your parents can take out to pay for your education expenses if you're a dependent undergraduate student enrolled at least half time.* Also, your parents must have no adverse credit history. PLUS Loans are unsubsidized (see web page).

Click here for additional information regarding Federal PLUS Loans

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