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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 your federal PIN number (the same one used to sign the FAFSA on the Web). If you do not have a valid PIN or remember what it is, you must go to the Department of Education's PIN site at to either apply for a PIN or request a duplicate. 

 Steps required to complete the electronic master promissory note:

  • Log on to the E-MPN website at:
  • Using your federal PIN number '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 Responsibilites 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 U.S. Department of Education PIN. The phone number for the Direct Loan Servicer is (800)848-0979.


The Federal Government is phasing out the current Direct Consolidation Loan process.  Until this process is completed later in 2014, it is important to understand which consolidation process you should choose.

Use the new consolidation process on if:

  • You have no defaulted federal education loans.

Use the existing loan consolidation application at if:

  • You have one or more defaulted federal education loans assigned to the Department.
  • Need to take action on an application that you submitted via the Direct Consolidation Loans website prior to January 2, 2014.

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

There have been some recent e-mails sent to students from private lenders offering, for a fee, to help with consolidation.  Consolidation is free at both of the sites listed above.