Low-interest loans are available to entering first-year students as well as upperclassmen and graduate students. Students may borrow up to $1,200 per semester ($2,400 per year) through the fund. Repayment is not required until after graduation. Currently, no interest accrues until graduation. After graduation, the University assesses a 6 percent simple interest rate on these loans. Repayment of the Wilson Loan begins six months after termination of enrollment (graduates, withdrawals, or leaves of absence). Repayment may be deferred by students who re-enroll at another institution on at least a half-time basis as a degree or provisional student. Deferment arrangements are made through Student Financial Services. Loan requests must be submitted prior to the last day of class for the given semester. You will be notified by email of your loan offer amount. If you accept the loan, you will be instructed to sign an electronic promissory note and disclosure statement online at the Student Financial Services website. Once the promissory note and disclosure statement is signed and returned, the money will be disbursed. You must choose your refund preference online by using LionPATH. Full-time students are eligible to apply for the loan two semesters per academic year for a maximum of $2,400 ($1,200 per semester). Both semesters may be requested on the same application. To apply, please complete and submit the online form below. First name * Last name * Student 9-digit ID * Penn State email * Major * - Select -Earth Science and PolicyEarth SciencesEnergy and Sustainability PolicyEnergy Business and FinanceEnergy EngineeringEnvironmental Systems EngineeringGeobiologyGeographyGeosciencesMaterials Science and EngineeringMeteorology and Atmospheric ScienceMining EngineeringPetroleum and Natural Gas Engineering Telephone number * Year of Study * First-year Sophomore Junior Senior Other Semester applying for loan * Fall Spring Fall and spring Registered number of credits * Purpose of loan * Citizenship status * U.S. citizen Permanent resident Visa type Leave this field blank CAPTCHA This question is for testing whether or not you are a human visitor and to prevent automated spam submissions. Submit