There are a number of federally and institutionally supported loan programs available to you as a student at the University of Washington. Eligibility for a student loan is determined by the Office of Student Financial Aid.

Loan Program Terms

Each loan program has specific requirements for eligibility and repayment. See the Student Loan Program Chart for details.

Promissory Notes

A promissory note is the binding legal document that you sign when you accept a student loan. It lists the conditions for borrowing the loan and the terms under which you agree to repay it. It will include information about your interest rate, when payments are due, and benefits such as deferment and cancellation provisions. It is very important to read and save this document. You may need to refer to it later when you begin repaying your loan.

Signing for Your Loans

Promissory notes for loans from the federal loan programs (Stafford, PLUS, Perkins and Health Profession/Nursing) are signed electronically online. You must sign your promissory note before your loan will be disbursed to you (either as cash or as a credit on your tuition account). You will receive a quarterly disclosure statement itemizing the federal loan amount that you have borrowed. At any time, you may see a copy of your Master Promissory Note (MPN) on MyUW under Tuition Statement.

Parent PLUS Loans: If your parent plans to borrow from the parent PLUS loan program, your parent borrower must complete an application and sign a Master Promissory Note online at

For more information on Direct Stafford and Direct PLUS loans, please refer to the Student Guide

Loans from UW Institutional student loan programs require your signature on a paper promissory note, available in Student Fiscal Services.

Loans from Private Lenders are disbursed as they arrive from the lending institutions. Contact your bank or private lender for more information, or refer to your promissory note.

Short-term loans: To help students meet immediate funding needs, the University makes short-term loans available to eligible enrolled students