University of Wisconsin Oshkosh

Staff and Board Member Area

The need for financial aid is growing, and the single largest source of student aid is the U.S. government. The government guarantees student loans through a program called the Federal Family Education Loan (FFEL) Program. There are three types of FFEL Program loans:

Subsidized Federal Stafford Loan:
A student must prove financial need to receive the loan. Annual loan limits range from $2,625 to $8,500. The government pays the interest on the loan while the student is in school and for six months after leaving school (including graduation).

The interest rate on the Stafford Loan for new loans first disbursed after July 1, 2006 is a fixed rate of 6.8%. The same rate applies to the in-school, grace and repayment periods.

The interest rates on existing variable rate Stafford Loans will continue to change annually on July 1, based on the last 91-day T-bill auction in May. The current interest rates (prior to June 30, 2006) on the Stafford Loan are 4.70% during the in-school and grace periods and 5.30% during the repayment period. These rates are expected to increase by 1.84% on July 1, 2006 to 6.54% and 7.14%, returning to historical average rates.

If you are selecting the UW Oshkosh Credit Union as your lender for this type of loan, our lender code is 833-426.

Unsubsidized Federal Stafford: Unsubsidized Federal Stafford loans are available to all students regardless of income. Annual loan limits are the same as for the subsidized Federal Stafford loan. With the unsubsidized Federal Stafford loan, the student is responsible for all interest due on the loan from the date it is disbursed; however, interest can be deferred.

The interest rate on the Stafford Loan for new loans first disbursed after July 1, 2006 is a fixed rate of 6.8%. The same rate applies to the in-school, grace and repayment periods.

The interest rates on existing variable rate Stafford Loans will continue to change annually on July 1, based on the last 91-day T-bill auction in May. The current interest rates (prior to June 30, 2006) on the Stafford Loan are 4.70% during the in-school and grace periods and 5.30% during the repayment period. These rates are expected to increase by 1.84% on July 1, 2006 to 6.54% and 7.14%, returning to historical average rates.

If you are selecting the UW Oshkosh Credit Union as your lender for this type of loan, our lender code is 833-426.

Federal Parent Loans for Undergraduate Students (PLUS): Federal PLUS loans are granted to creditworthy parents of dependent, undergraduate students. Parents are responsible for all principal and interest due on the loan. Parents may borrow up to the cost of education, less any aid the student receives.

The interest rate on new PLUS Loans first disbursed after July 1, 2006 is a fixed rate of 8.5%. The interest rates on existing variable rate Stafford and PLUS loans will continue to change annually on July 1, based on the last 91-day T-bill auction in May. The PLUS loan interest rate is 7.94% for loans disbursed on or after July 1, 2006 through June 30, 2007. The interest rate for PLUS loans is variable and may change annually, but will never exceed 9%.

If you are selecting the UW Oshkosh Credit Union as your lender for this type of loan, our lender code is 833-426.

PRIVATE STUDENT LOANS

UW Oshkosh Credit Union is proud to offer the astriveAllaince Student Loan Program!

A well-rounded education starts with a well-rounded loan -- the astriveAlliance Student Loan program. 

astriveAlliance Student Loans are available for Undergraduate, Graduate, and Continuing Education students. We also have a loan to help finance Elementary and Secondary education.

CLICK HERE FOR DETAILS

E-mail us at uwoshcu@uwosh.edu.  We will get back to you within one business day.
Copyright © 2006 UW Oshkosh Credit Union
Last modified: 4/29/08