Wisconsin's Public Liberal Arts College

Direct Loans for Undergraduate Students


Financial Aid Office

University of Wisconsin-Superior

Old Main 110
Belknap and Catlin
P.O. Box 2000
Superior, WI 54880

ph. 715-394-8200

fax. 715-394-8027

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Financial Aid Office

Direct Loans for Undergraduate Students

The Federal Direct Loan (Stafford) program is available to undergraduate students. 

Subsidized loans are awarded on the basis of financial need. Interest is not charged while you are attending classes at least half time.

  • For loans originated prior to July 1, 2006, the interest rate could change each year of repayment, but by law, it cannot exceed 8.25%. The interest rate is adjusted each year on July 1
  • For subsidized loans originated on or after July 1, 2006 through June 30, 2008, the interest rate is fixed at 6.8%.
  • For subsidized loans originated on or after July 1, 2008, the interest rate is fixed at 6.0%.
  • For subsidized loans originated on or after July 1, 2009, the interest rate is fixed at 5.6%.
  • For subsidized loans originated on or after July 1, 2010, the interest rate is fixed at 4.5%.
  • For subsidized loans originated on or after July 1, 2011, the interest rate is fixed at 3.4%.
  • For subsidized loans originated on or after July 1, 2013, the interest rate is fixed at 3.86%.
  • For subsidized loans originated on or after July 1, 2014, the interest rate is fixed at 4.66%.

Unsubsidized loans are not awarded on the basis of need. Interest is charged from the time the loan is disbursed until it is paid in full. Interest may be capitalized.

  • For unsubsidized loans originated on or after July 1, 2006, the interest rate is fixed at 6.8%.
  • For unsubsidized loans originated on or after July 1, 2013, the interest rate is fixed at 3.86%.
  • For unsubsidized loans originated on or after July 1, 2014, the interest rate is fixed at 4.66%.

Dependent students:

Freshman: $5500 (no more than $3500 in subsidized)

Sophomore: $6500 (no more than $4500 in subsidized)

Junior/Senior: $7500 (no more than $5500 in subsidized)

Maximum aggregate limit is $31000 (no more than $23000 in subsidized)

Independent students:

Freshman: $9500 (no more than $3500 in subsidized)

Sophomore: $10500 (no more than $4500 in subsidized)

Junior/Senior: $12500 (no more than $5500 in subsidized)

Maximum aggregate limit is $57500 (no more than $23000 in subsidized)

Other terms of both Subsidized and Unsubsidized Federal Direct Loans (Stafford):

  • As of October 1, 2014, the loan fee will be 1.073% of the loan, subject to change. This fee is deducted proportionately each time a loan disbursement is made.
  • As of December 1, 2013, the loan fee will be 1.072% of the loan, subject to change. This fee is deducted proportionately each time a loan disbursement is made.
  • As of July 1, 2013, the loan fee will be 1.051% of the loan, subject to change. This fee is deducted proportionately each time a loan disbursement is made.
  • As of July 1, 2012, the loan fee will be 1% of the loan, subject to change. This fee is deducted proportionately each time a loan disbursement is made.
  • As of July 1, 2008, the loan fee is net 0.5% of the loan, subject to change. This fee is deducted proportionately each time a loan disbursement is made.
  • If you are borrowing under the Direct Loan program for the first time at UW-Superior, you will need to complete a Master Promissory Note and Entrance Counseling.
  • Repayment begins 6 months after you graduate, leave school, or drop below half-time enrollment. Four repayment plans are available.
  • Direct Loan has a forgiveness/cancellation provision available to students under certain circumstances. This information is found in the Student Guide.
  • Additional information on the Direct Loan (Stafford) program is available in the Student Guide.
  • Direct Loans may be serviced by one of eleven service centers. It is the goal of the Department of Education that all of your Direct Loans will have the same servicer. To find out who is servicing your loan(s), please log onto the National Student Loan Data System (NSLDS) and view the individual loan(s). Each will list the servicer with their customer service contact information. All Customer Service Centers and their contact information can be found at https://studentloans.gov/myDirectLoan/additionalInformation.action

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