Loans
Perkins Loan
Loans are provided on the basis of student's financial need and availability of loan funds. Repayment and accrual of 5% annual interest begin 6 months (9 months if new borrower) after the borrower ceases to be at least a half-time student, with a repayment period of up to10 years. Borrower must be a U. S. citizen or permanent resident. Recipients must enroll on at least a half-time basis (4.5 credits for graduate students).
Stafford Loan
Students must apply for financial aid and must be enrolled at least half-time. Graduate students may borrow up to $8,500 per year for a cumulative total of up to $138,500, including undergraduate loans. Interest rate currently is variable and repayment begins 6 months after borrower drops below half-time enrollment.
Short-Term Loan
A limited amount of Short-Term ("Emergency") no interest loan money is available to the University of Wisconsin Oshkosh students. The maximum loan is $50 to be repaid in one month or less. Continued use of the Short-Term Loan Fund by a student depends upon prompt repayment of loans.