Loan & Financial Awareness

About

The committee collaborates with the Wisconsin Coalition on Student Loan Debt. We serve as a voice to the financial aid community during Coalition meetings and events organized across the state.

Interest Rates For Federal Direct Loans

Federal Loan Interest Rates as of July 1, 2019
Undergraduate Federal Direct Subsidized	4.53% (1.062% origination fee*)
Undergraduate Federal Direct Unsubsidized	4.53% (1.062% origination fee*)
Graduate Federal Direct Unsubsidized	6.08% (1.062% origination fee*)
Federal Direct PLUS (parent and grad)	7.08% (4.248% origination fee*)

*This is the current origination fee. Beginning 10/1/2019 origination fees will change to the values listed below.

Origination Fees as of October 1, 2019
Undergraduate Federal Direct Subsidized	1.059%
Undergraduate Federal Direct Unsubsidized	1.059%
Graduate Federal Direct Unsubsidized	1.059%
Federal Direct PLUS (parent and grad)	4.236%

Do your students know what they owe?

Refreshed in July 2017 these charts are intended to help borrowers see how the amount they borrow translate into what will become their monthly student loan payment. Please feel to distribute these as needed:

Know What You Owe Stafford Direct Subsidized/Unsubsidized Loans

Know What You Owe Direct PLUS Loans

We Want to Hear From You!

Financial aid offices across the state are implementing innovative ways of educating students about student loan borrowing and financial education. Our committee would like to provide a way for colleges to share what is happening on their campuses.

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WASFAA is a 501(c)3 non-profit organization.