Student loans, unlike grants and work-study, are borrowed money that must be repaid with interest. Students may be eligible for Federal Direct Loans if enrolled in a minimum of 6 credits. Please note that these loans may not be canceled because you didn't get a job in your field of study or because you are having financial difficulty. Loans are legal obligations, so before you take out a student loan think about the amount that you will have to repay in the years after graduation.
- Federal Direct Loans
- Loan Requirements
- Parent PLUS Loans
- Alternative Student Loans (also called private student loans)
- Wisconsin State Loans
Requesting Additional Loans
Students may request additional loan funds by completing the Additional Loan Request form . If you request more than your eligibility allows, the loan will be certified to your maximum eligibility.
Lifetime (Aggregate) Loan Limits
There is a maximum lifetime limit that a student can borrow in Direct federal student loans. This is called the Aggregate Loan Limit. Once a student reaches these loan limits, he/she cannot borrow Direct federal student loans until the loans are paid down. See chart below for the undergraduate lifetime limits.
$31,000 - No more than $23,000 of this amount may be in subsidized loans.
$57,500 for undergraduates - No more than $23,000 of this amount may be in subsidized loans.
- Financial Aid