Undergraduate Loan Information | Willamette Financial Aid

Below is list of federal loan programs available to undergraduate students.

The loan funds listed here all require that the student file the Free Application for Federal Student Aid (FAFSA) each year.

If you are attending two institutions of higher education simultaneously (even if attendance only overlaps 1 day), this will impact your federal student aid eligibility at both schools, and you must notify the Financial Aid Office immediately.

Loan eligibility is renewable provided that the student continues to meet Financial Aid SAP requirements, has not borrowed the aggregate maximum set by the federal government, and has not completed the graduation requirements for their degree program.

Loan Information

Cohort Default Rate

Willamette's most recently calculated cohort default rate for federal student loans is 0.0%.

A cohort default rate is a key metric used to assess the financial health of US colleges and universities, particularly those receiving federal student aid. It measures the percentage of a school's borrowers who enter repayment on federal student loans and subsequently default within a specific timeframe, typically three years.

Cherry blossom with Oregon state capitol in the background

Total Debt at Repayment*	Monthly Payment Amount	Total Amount Paid	Total Interest Paid
$5,000	$50	$6,005	$1,007
$10,000	$100	$12,013	$2,013
$15,000	$150	$18,020	$3,020
$20,000	$200	$24,026	$4,026
$25,000	$250	$30,033	$5,033
$30,000	$300	$36,039	$6,039
$35,000	$350	$42,046	$7,046
$40,000	$400	$48,052	$8,052
$45,000	$450	$54,059	$9,059
$50,000	$501	$60,065	$10,065
*Payment calculated using a fixed interest rate of 3.76% over a 10 year period.

Total Debt at Repayment*	Monthly Payment Amount	Total Amount Paid	Total Interest Paid
$5,000	$50	$6,005	$1,007
$10,000	$100	$12,013	$2,013
$15,000	$150	$18,020	$3,020
$20,000	$200	$24,026	$4,026
$25,000	$250	$30,033	$5,033
$30,000	$300	$36,039	$6,039
$35,000	$350	$42,046	$7,046
$40,000	$400	$48,052	$8,052
$45,000	$450	$54,059	$9,059
$50,000	$501	$60,065	$10,065
*Payment calculated using a fixed interest rate of 3.76% over a 10 year period.

Total Debt at Repayment*	Monthly Payment Amount	Total Amount Paid	Total Interest Paid
$5,000	$56	$6,755	$1,755
$10,000	$112	$13,510	$3,510
$15,000	$168	$20,265	$5,265
$20,000	$225	$27,020	$7,020
$25,000	$281	$33,775	$8,775
$30,000	$337	$40,530	$10,530
$35,000	$394	$47,285	$12,285
$40,000	$450	$54,040	$14,040
$45,000	$506	$60,795	$15,795
$50,000	$563	$67,550	$17,550
*Payment calculated using a fixed interest rate of 6.31% over a 10 year period.

Undergraduate Loans

Loan Information

Loan Terms

Yearly Amounts

Application Requirements

Sample Repayment Schedule

Loan Terms

Yearly Amounts

Application Requirements

Sample Repayment Schedule

Loan Terms

Yearly Amounts

Application Requirements

Sample Repayment Schedule

Cohort Default Rate

Office of Financial Aid

Salem Campus

Address

Contact