The Office of Student Financial Aid assists students whose personal and family resources are not adequate to cover the costs involved in attending UW-Madison by:
- Processing financial aid forms to determine eligibility for grants, loans, and work-study employment
- Advising students regarding financial aid and money management
- Providing information on part-time employment, both on- and off-campus
- Offering assistance in obtaining information about scholarships
Office hours are 7:45 am until 4:30 pm (Central Time) Monday through Friday.Hide this message
eREFUNDS - Enroll Now
Direct (ACH) Deposit for Student Tuition Refunds.
Beginning SPRING TERM 2014 students can have their tuition refunds directly deposited to their personal savings or checking accounts.
To enroll, please log on to your UW-Madison Student Center and click on “eRefund Management” under My Account.
Click on this link Bursar. for more information.
Effective Spring 2014, eRefunds will be processed daily and paper checks will be processed once a week.
Only student refunds are eligible for eRefunds; Parent PLUS refunds will continue to be sent via paper check.
For more information please contact the Bursar's Office directly at firstname.lastname@example.org or 608-262-3611.
MISLEADING MAILINGS RELATED TO FINANCIAL AID
It has come to our attention that misleading mailings are being received by families of current and prospective students. These mailings look “official” and often use a seal that might appear to be an official seal of the U.S. Department of Education; it is not.
Students should never pay a fee to access federal, state or university financial aid at UW-Madison. The Free Application for Federal Student Aid (FAFSA) is just that, free. Please contact our office if you have concerns about any solicitation or mailing you receive regarding financial aid.
Funding Study Abroad
Questions about funding options for a UW-Madison study abroad program? You can listen to a recording of an online Funding Study Abroad Information Session at Funding Study Abroad
Federal Direct Loan Interest Rates Announced in Bipartisan Student Loan Act of 2013
Federal Direct Loans disbursed after July 1, 2013 now have a new fixed interest rate based on the Bipartisan Student Loan Certainty Act of 2013. This law changes the way Federal Direct Loan interest rates are calculated each year. In June of each year, Congress will announce the new interest rates for loans disbursed on or after July 1st. Those interest rates are calculated based on the 10-year Treasury Rate with an additional percentage add-on. Undergraduate Federal Direct Subsidized and Unsubsidized loans disbursed on or after July 1, 2013 will have a 3.86% interest rate for the life of the loan. Graduate and professional Federal Direct Unsubsidized loans disbursed on or after July 1, 2013 will have a 5.41% interest rate for the life of the loan. Federal Direct Graduate Plus and Parent Plus loans disbursed on or after July 1, 2013 will have a 6.41% interest rate for the life of the loan.
Incorrect Tax Returns filed?
News reports indicate that some software providers and companies that use them had a problem accurately completing the IRS Form 8863 for a period of time between Feb. 14 and Feb 22, 2013. This tax form is used to claim tax credits for qualified expenses paid to postsecondary education institutions. This might affect timely refunds for those individuals.
If you believe you have been affected by this error you can enter correct information on your FAFSA and the schools listed on your FAFSA will be alerted to the new, updated information. At UW-Madison we review all FAFSA revisions that are submitted and will contact applicants for clarification as necessary.
The verification process at UW Madison requires the submission of an IRS Tax Transcript and we do not anticipate any significant delays in the awarding of financial aid for the 2013-2014 year.
Last updated: 03/13/2013
NEW Guidance on Tax Return Transcript Availability and Timelines
Recent guidance from the Department of Education and the IRS suggests that if you file your 2012 taxes electronically and have any owed taxes paid in full at the time of submission or are due a refund - IRS Tax Return Transcripts will be available generally 2 - 4 weeks after your return has been processed.
7 Easy Steps to the FAFSA 2013-2014
Below you will find a link to the 2013-2014 FAFSA tutorial titled "Seven Easy Steps to the FAFSA, A Student's Guide to the Free Application for Federal Student Aid." It is designed to help applicants walk through the FAFSA application in seven easy to understand steps.
IRS Data Retrival Tutorial
This tutorial is intended to be used by students and parents after a FAFSA has been filed and federal tax returns have been submitted to the IRS. Please note that at UW-Madison we reserve the right to request a copy of the official IRS Tax Transcript for verification purposes even if the IRS Data Retrieval process is used.
Department of Education's Federal Student Aid Office (FSA) and the Internal Revenue Service (IRS) partner up.
This collaboration is hoping to reach more individuals with low-to moderate incomes to provide information, assistance, and access to their relevant services. For further information visit our Financial Aid News page at the More News link below.