International Student Services

August 3, 2020

Shih International Graduate Student Loan

UW international graduate students are eligible to apply for the Shih International Graduate Student Loan. The loans are made possible through a generous gift from Jeff Shih, a Seattle and San Francisco businessman, and are intended to help international students in financing their education and completing their degree objectives. 

Eligibility:

  • Students receiving funds from their governments, U.S. permanent residents, and naturalized U.S. citizens are not eligible for this loan.
  • Students must be enrolled for 5 credits or more during the quarter in which they receive the loan. (Students registered for two credits may receive the loan on an exception basis; special procedures are required.)
  • Shih loan recipients are expected to maintain satisfactory academic progress and scholarship during the loan period.

 Details about the loan: 

  • The total amount a graduate student may borrow in this program throughout the course of his or her graduate career is $15,000.
  • The terms of the loan include a 4% interest rate. (Should the student elect to repay the full amount of the loan while still enrolled full-time at the UW, no interest or service fees will be assessed.)
  • Most loans have a grace period before you have to start repaying – the Shih Loan grace period is nine months. Your grace period starts the day after you leave school, graduate or drop below half-time enrollment before your repayment begins. You don’t have to begin making payments until your grace period ends. (Should a student’s enrollment drop below the 5-credit per quarter level, the nine-month grace period would begin.)
  • Your monthly repayment amount will be determined by the loan amount you borrow.
  • The total amount of the loan must be repaid within ten years.

How to Apply:

Due to the limited funding and very high demand in this loan program, if you wish to apply or be placed on the wait list for the academic year of 2020-2021, email James Flowers at jflowers@uw.edu.