Academics

PLUS Partner Program Savings

How much can the WLC PLUS Partner Program save your family?
Significant savings are realized with the WLC PLUS Partner Program over the traditional PLUS program. The table below illustrates the interest payments that Wisconsin Lutheran College will make on your behalf under the Partner Program.

Designated Amounts of Interest WLC will pay

Annual Direct PLUS
Loan Amount
1st year
of loan
2nd year
of loan
3rd year
of loan
4th year
of loan
$3,000-5,999 $150 $150 $150 $150
$6,000-8,999 $300 $300 $300 $300
$9,000-11,999 $450 $450 $450 $450
$12,000 or more $600 $600 $600 $600

 

Interest Payment Example - $6,000 borrowed each year for all 4 years

$6,000 per year 1st year
of loan
2nd year
of loan
3rd year
of loan
4th year
of loan
Freshman year loan $300 $300 $300 $300
Sophomore year loan $300 $300 $300
Junior year loan   $300 $300
Senior year loan   $300

Total Interest paid by WLC: $3,000.

 

Interest Payment Example - $12,000 borrowed each year for all 4 years

$12,000 per year 1st year
of loan
2nd year
of loan
3rd year
of loan
4th year
of loan
Freshman year loan $600 $600 $600 $600
Sophomore year loan $600 $600 $600
Junior year loan $600 $600
Senior year loan   $600

Total Interest paid by WLC: $6,000.

 

There are no prepayment penalties. Making additional payments will result in further cost savings for you by reducing the principal balance and therefore lowering the interest expense.

Please note that this program will be most advantageous if families make payments while the student is in school!


Questions? Contact the WLC Financial Aid Office
phone: (414) 443-8856
fax: (414) 443-8540
e-mail: financial.aid@wlc.edu