Student Loan FAQs

 Find answers to frequently asked questions about student loans. If you don’t see what you’re looking for, check our Help section.

 

General Questions

What is a Private Student Loan, and what are the benefits of having one?
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When should I apply for a Private Student Loan?
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What's the difference between a Federal Student Loan and a Private Student Loan?
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How often can the rate change?
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Can I transfer my balance from a variable rate to a fixed rate (or vice versa)?
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How long will it take to get my money when I apply for a Private Student Loan?
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I go to school at UW-La Crosse. Am I eligible for this loan?
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How can a borrower make payments?
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What is the major benefit of a Private Student Loan when compared to a Federal Direct PLUS Loan?
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Is the borrower or cosigner's credit score used to determine the rate of the loan?
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Can I apply for a private student loan if I’m an international student?
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Financial Aid

Why is it important to complete a FAFSA, and when should it be completed?
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Who must complete the FAFSA?
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Should I complete the FAFSA even if I don't think I’ll receive any grants?
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How do I know how much money I’ll need?
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How long does it take to receive the award letter?
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Will parents have access to their student's financial aid account at school?
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When do students receive their funds?
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Are there any types of programs that are ineligible for private student loans?
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Refinancing

What are some benefits of refinancing my student loans?
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How can I determine what I’ll save by refinancing?
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What types of student loans am I able to refinance?
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What are some of the qualifications I should meet to refinance?
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What documents do I need, and what does the timeline look like?
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Can I defer my payments if I return to school?
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Family Private Student Loans

Who can apply for a Family Private Student Loan?
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Why does the borrower have to provide the student's information on the application?
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When is a borrower required to begin repayment on a Family Private Student Loan?
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What are the eligibility requirements for a Family Private Student Loan?
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