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Student loans

An investment in your future.

No one likes borrowing money, and debt should never be considered lightly. But when it makes a college education possible, taking out low-interest student loans could be the smartest decision you'll ever make. 

Here's why. Research shows that college graduates earn approximately $1.2 million more in lifetime income than those with only a high school diploma. They also have lower unemployment rates and are generally healthier and happier.  That's a pretty good return on a few years of student loan repayment. 

Through good times and bad, the value of education has remained high—a proven investment that's likely to pay off exponentially over the course of your life.  So even if it take some loans to help pay for it, it's a choice you'll probably never regret.


Did you know?

  • College graduates earn nearly $1 million more in lifetime income than those with only high school diplomas.1
  • WWU students make good on their loans, with a default rate far below the national average.2
  • Your career may qualify you for a generous loan forgiveness program. Visit MyFedLoan.org/PSLF.

1U.S. Census Bureau, 2012 U.S. | 2Department of Education



If you have any questions about your student loans, email student.loans@wallawalla.edu or call (509)527-2333.

Borrowing For College

A brief overview on the different types of loans available, definitions of loan terminology, and how to apply. 

 

The 150% Subsidy Limit

An explanation of the 150% Subsidy Limit for first-time borrowers taking out federal Direct subsidized loans on or after July 1, 2013.

 

General Tips On Paying For College

Tips and advice from the Consumer Financial Protection Bureau on how to choose a savings account to avoid paying unnecessary fees. 

 

Parent Plus Loans or Private Loan

An in-depth comparison between a general private loan and the Parent Plus Loan to help you understand the Parent Plus Loan and help you make the right loan decision.

 

Plus Loan or Private Loan For Graduate Students

Another in-depth comparison between a general private loan and the Plus Loan for graduate students. 

 

Interest Rates and Fees

A breakdown of the rates of interest and fees charged on federal student loans. 

Student Loan Repayment

A simple guide to help you understand which loans you are able to afford and descriptions on repayment options.

 

Tax Benefits On Student Loans

A description on available tax benefits from having student loans.

Deferment And Forbearance

A definition of deferment and forbearance, a description of how these apply to payment relief, who is eligible, and how to apply.

 

Loan Forgiveness, Cancellation and Discharge

A description on ways you can get your loan(s) partially or completely forgiven if you are unable to pay them.

 

Resolving A Default Loan

A description of loan consolidation, loan rehabilitation and other ways you can avoid the consequences of going into default on a loan. How to get help is also included. 

 

Student Loan Repayment

A simple guide to help you understand which loans you are able to afford and descriptions on repayment options.

 

Tax Benefits On Student Loans

A description on available tax benefits from having student loans.

Last update on October 20, 2017