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.
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 register, make schedule changes, or obtain records such as your academic transcript. 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, Heartland ECSI (formerly Campus Partners). 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 33% of the total balance of your loan. This means that an $1800 balance may increase to as much as $2300!