Student Loans
Student loans are designed to help students cover expenses while attending an institution of higher education. UAFS participates in the Federal Stafford Loan program, the Parent PLUS Loan program, as well as, private student loans.
UAFS automatically includes Stafford loans as a part of a student's financial aid package, but only offers upfront the grade level loans (Freshmen $3,500, Sophomore $4,500 and Juniors/Seniors $5,500). Students may be eligible for additional unsubsidized loans in amounts from $2,000 to $7,000, depending on their status.
Process for requesting additional unsubsidized loans:
- Complete an Additional Loan Request Form
- Attach a copy of your *Financial Aid Award Summary
- Bring both forms to the Financial Aid Office to speak with a Financial Aid Representative
*The Financial Aid Award Summary information can be accessed at www.studentloans.gov. Find My Financial Aid History in the "Tools and Resources Box." Continue to NSLDS page and click Financial Aid Review.
Important Information Regarding Loans
-The current interest rate for Federal Stafford Loans borrowed on or after July 1, 2012 is fixed at 6.8%. A 1% origination fee is charged by the Department of Education on all Stafford loans.
-All new borrowers here at UAFS must complete "Entrance Counseling" and a "Master Promissory Note" at StudentLoans.gov.
-The deadline for applying for a student loan is 60 days after the beginning of the semester. Any loans requested after the deadline will be reviewed on a case-by-case basis.
-Parents of dependent students are also able to borrow money on behalf of their student in addition to the loans mentioned above.
Remember that all loans must be repaid. Students are encouraged to borrow wisely and make smart choices regarding financial matters.
