There is a $30 fee for borrowing the loan. If the student chooses to utilize the one-time due date extension, an additional $30 fee will be assessed. There may be additional fees if the loan is not paid on time.
Click on a question below to view the answer. Limit the results by entering a search term.
Short-Term Loans
STL due dates are always the fourth Friday of the quarter following the quarter in which you borrowed the funds. For example, an STL borrowed in Autumn quarter will be due the fourth Friday of Winter quarter. STLs are always due in full by the due date.
No. The loan must be paid in full by the due date.
If your STL is not paid in full by the due date, SFS will place holds on your
ability to borrow future short term loans and these holds will not be removed
until the account is paid in full.
Additionally, the loan will be removed from the UW system and will be
transferred to our billing servicer, ECSI. Once
this happens, you will begin accruing late fees and the loan will be reported
as past due to your credit, which may affect your ability to obtain credit or
purchase a car or home in the future.
If the loan remains unpaid, it becomes subject to additional action such as
referral to a collection agency. If this occurs, you will be assessed
additional collection costs up to 40% of the total balance of your loan. This
means that an $1800 balance may increase to as much as $2300!
Students may apply for a short-term loan online through MyUW. Applicants will be informed of their eligibility immediately and will be able to electronically sign a promissory note online. They can have the funds applied to their tuition account balance immediately. If they are signed up for direct deposit, the excess funds will be deposited into their bank account within three business days; otherwise a check will be mailed. Be aware that these are short term loans and that payment will be due the following quarter.
Tuition
Holds are placed preventing registration and changes to your schedule. A late charge is assessed. Students must have all past due charges owed to the University paid in full in order to register for any classes.
You should immediately contact our Receivables team at 206-616-5421 to discuss your situation and any options that may be available to you.
If you are registered for the current quarter, you may also want to contact Financial Aid to see if funds may be available to you.
Unpaid charges may be sent to outside collections. A percentage based collection fee, up to 40% of your charges, will be added to the amount our collection agency will manage. For example, if your past due balance is $10,000, the amount owed increases to $14,000.00.
Tuition rates are based on the student’s classification as an undergraduate, graduate, or professional student in addition to their residency classification.
Rates are found at: washington.edu/admin/pb/home/opb-tuition.htm
- Pay online with web check. Web check is a free service! Information can be found at: https://finance.uw.edu/sfs/tuition/payments
- Pay by credit card. There is a convenience fee each time you make a credit card payment. Go directly to the Tuition/Fees Payment by Credit Card web page at sdb.admin.washington.edu/parents/ccpay.asp
- Pay by check: Mail to University of Washington, P.O. Box 3981, Seattle, WA 98124-3981. Make sure the student number is on the check.
Other payment are available at: https://finance.uw.edu/sfs/tuition/payments
Students have through the 7th calendar day (including weekends and holidays) of each quarter to make changes to their schedule without incurring a financial penalty. Students are charged one-half of the tuition reduction (50% forfeiture) for classes dropped from the 8th through the 30th calendar day of the quarter. If they drop below fulltime, they will be charged the tuition rate for the number of credits that they are taking, plus one-half of the difference between full-time tuition and the new rate. For changes made on the 31st day or later, they will be charged 100% of the tuition amount. Additionally, after the 7th calendar day, the Registrar’s Office will assess a $20 late change fee. Summer drop/forfeiture dates are different.
Loans
Our vendor ECSI, manages our Perkins, Health Professional, Institutional, and past due Short Term Loans. All federal loans, Stafford, Unsubsidized Stafford, Grad Plus, and Parent Plus are managed by vendors that work in conjunction with the Department of Education.
For Federal loans you can go to nslds.ed.gov or studentloans.gov. For loans handled by the University, go to https://heartland.ecsi.net/. You can sign up for on-line access to your account. This enables you to manage your student loan account through their website. It is critical that you keep in touch with the university and ECSI by providing us with your updated email, address and phone number so we can contact you with any changes/concerns about your loans.
Contact ECSI, at 1-888-549-3274 or email cservice@ecsi.net to discuss your situation and they will provide you with any available options for you.
Certain loans provide benefits such as deferment, forbearance, loan rehabilitation or cancellation. These benefits can postpone payments, reduce payment amounts or cancel some or all of the principal loan balance. Other payment arrangements may be possible.
If you have a period of prolonged illness, unemployment, or other hardships that prevents you from making scheduled payments, you may qualify for a deferment or forbearance. It is best to call ECSI and discuss your situation. They will assist you and provide you the links to find the required forms. Note: there are other situations that may allow you to get a deferment or forbearance, so we encourage you to contact ECSI at 1-888-549-3274 or email cservice@ecsi.net
Defaulted Perkins Loans can be restored to current loan status through rehabilitation. To do so, the borrower must enter into a written payment agreement and voluntarily make nine (9) on time consecutive monthly payments in an amount determined by ECSI. If a Perkins Loan is successfully rehabilitated, eligibility for new Title IV financial aid will be reinstated, the original terms including deferment and cancellation benefits will be reinstated, and late payment history will be removed from the credit history. A borrower may rehabilitate a loan only once; if a loan goes into default again, the default status will continue until the loan is paid in full.
The university may declare a loan to be in default for failure to:
- Make a scheduled payment when due
- Submit to the university, on or before the due date of a scheduled payment, documentation of eligibility for forbearance, deferment, or cancellation; or
- Non-compliance with the terms and conditions of the Master Promissory Note or written repayment agreement.
The consequences for defaulting on a Perkins Loan may include, but is not limited to:
- Reporting to credit bureaus, delinquent debt collections procedures under Federal law, and litigation
- Referral to collections agencies and incurring additional charges
- Loss of eligibility for deferment, forbearance or cancellation benefits
- Loss of eligibility for future Title IV Federal financial aid (Perkins, Pell Grants, Federal Direct or Federal Family Education Loans, or any other Federal Aid)
- The loan may be accelerated, and the entire balance declared immediately due and payable, including principal, interest, late fees and collection costs.
- The loan may be assigned to the Department of Education for collections
- Inability to order official transcripts until the loan is paid current
In cases where payments are not made for an extended period of time, we will send you a number of notices, and if we do not hear back from you, you may be sent to collections. Your promissory note and/or The Financial Liability Agreement, which students sign at registration provides the information regarding collections and the costs of collection efforts. Collection fees are percentage based, determined by your balance and added to the amount our collection agencies manage.
For example: Your past due loans are $10,000. If the collection fees are 40%, $4,000 is added to the amount sent to collections and you now owe $14,000!
Parents
- The tuition statement on MyUW serves as the official tuition bill. No paper bills are sent for tuition. MyUW can be found at my.uw.edu.
- Housing & Food Services will bill separately for UW housing. This fee will appear on the official tuition bill at the beginning of the quarter only if the student notifies Housing & Food Services that financial aid will pay for their housing. Contact HFS (206-543- 4059) if you need to set up financial aid payment.
- Participation in Early Fall Start will be paid for at the time of registration. Questions should be directed to Professional and Continuing Education at 206-543- 2310 or email efs@u.washington.edu.
Students are required to give permission via MyUW before student fiscal information can be given to third parties such as parents. The third party will receive an email notification once this access has been established with their own password to allow them to view a modified version of MyUW. Please go to can sdb.admin.washington.edu/sisStudents/uwnetid/release.aspx to find account access.
Scholarship
University of Washington
Scholarships
P.O. Box 24967
Seattle, WA 98124
Students need to report all scholarships to the Office of Student Financial Aid (OSFA) if they were not already reported on their award notice.
Note: To check on the status of a scholarship, first call the sponsor.
Financial aid
If the student signs up for direct deposit, the money will automatically go into their bank account. Students may sign up for direct deposit on MyUW.
PLEASE NOTE – ALLOW 5 WORKING DAYS FOR INITIAL SETUP.
Otherwise a check will be mailed to the student’s local address. (Aid checks cannot be picked up in person). Aid checks may take up to 10 business days to reach the student by mail, so signing up for direct deposit is strongly encouraged to receive the funds quickly and safely. Important: students should confirm the accuracy of their address regularly in MyUW to ensure funds are delivered accurately.