Loans

Loans

 

student outside

Need more money?

Even after receiving financial aid, some students need additional money. You may consider a parent loan, or PLUS, or a private, alternative loan.

Regardless, always be sure to file your FAFSA every year. Financial aid is the best way to pay for college. Call Bronco Express or visit us on Facebook.


Loans

Western Michigan University participates in federal , private and university-funded loan programs. Loans are an excellent way to finance your education. Undergrad and graduate students and parents of dependent students may borrow money to pay for educational expenses. The money that is borrowed needs to be repaid with a variety of repayment options available. Loan amounts are based on cost of attendance, class level, enrollment status, dependency status, other resources, and for some loans, need.

To determine eligibility for most loan programs, you must file a FAFSA link to off site every year.

  • Perkins: need-based, federally funded, for grads and undergrads
  • PLUS: for parents of dependent undergrads only, not need-based
 

 

Loan Servicers

The Direct Loan Servicing Center is no longer servicing federal loans

Loans from the Direct Loan Servicing Center have been transferred to new servicers. For information about your new servicer, log on to NSLDS. Borrowers may also call the Direct Loan Servicing Center and use automated phone prompts to receive their new servicer information through Nov. 15. Emails to the center will not be answered. The center will no longer be available by phone or online after Nov. 15.

Federal student loans may be serviced by one of several different loan servicers. To determine which servicer handles your loan, look at your loan documents or visit NSLDS.link off site If you have a federal student loan, it may be under any of these servicers used by the Department of Education:

FedLoan Servicing (PHEAA) link off site
Great Lakes Education Loan Servicing, Inc. link off site
Nelnet link off site
Sallie Mae link off site

Looking for answers? Check out the loan FAQ. Get fast facts about loan limits, loan counseling and promissory notes.

 

 

Visit related WMU sites

There is a lot more to see! Visit some of our friends at WMU to learn about academics, campus life and how you can be successful.

Student Financial Aid
1903 W Michigan Ave
Western Michigan University
Kalamazoo MI 49008-5337 USA
269 387-6000 finaid-info@wmich.edu