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Need Based (subsidized) Loans
Subsidized loans, available through the federal government, do not accrue interest or require repayment until after the student is no longer enrolled in school on a half time basis. To receive a subsidized loan, the student must complete a Free Application for Federal Student Aid (FAFSA) and be eligible for need based aid.

Interest Bearing (unsubsidized) Loans
Unsubsidized or interest bearing loans do not require financial need (although most require that a FAFSA be filed). Unlike subsidized loans, unsubsidized loans accrue interest while the student is in school. Payments of principal may be delayed until the student is no longer enrolled in school on a half time basis.


Direct Ford Entrance Counseling

In order to receive your first William D. Ford Federal Direct Loan at the University of Wisconsin - Eau Claire, federal law requires that you complete an Entrance Counseling.  We want to ensure that you have a full understanding of the rights and responsibilities you will incur before you accept this loan.

Electronic Master Promissory Note

In order to complete your Ford Loan Master Promissory Note on-line, you must have a FSA ID.  If you do not have a valid FSA ID or remember what it is, you must go to Federal Student Aid,  to create a username and password.  You would also use this site if you forget your username or password.

 Steps required to complete the electronic master promissory note:

  • Log on to the E-MPN website at:
  • Using your FSA ID  'Sign In'
  • Be sure to select University of Wisconsin-Eau Claire when asked to provide the name of your school
  • Follow the instructions, and remember to print a copy of the promissory note for your records


Borrower's Rights and Responsibilities Statement
The Borrower's Rights and Responsibilities Statement provides additional information about the terms and conditions of the Federal Direct Stafford/Ford Loans (Direct Subsidized Loans) and Federal Direct Unsubsidized Stafford/Ford Loans (Direct Unsubsidized loans).

Exit Interview

Federal law requires that borrowers of Federal Direct Ford, Stafford, or SLS student loans receive an exit interview prior to graduation. You may complete this requirement by completing the on-line Exit Counseling on the Federal Student Aid web site. To use this site, you will need your FSA ID. The phone number for the Direct Loan Servicer is (800)848-0979.


Use the consolidation process on

  • The consolidation process may either be completed on-line or you may download a paper application.

There have been some recent e-mails sent to students from private lenders offering, for a fee, to help with consolidation.  Consolidation is free.