The University of Connecticut Loan Program Information

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The University of Connecticut understands that investing in a quality education is an important decision. UConn participates in the following loan programs. Students or parents may borrow based on their loan eligibility, from the lender of their choice for the 2008/2009 academic year.

NOTE: Beginning with 2009/2010, the University will participate exclusively in the William D. Ford Direct Loan Program for federal loans. Click here for more information about the 2009/2010 loan processes.


Contents [hide]
1 Stafford - Student Loans
2 Perkins - Student Loans
3 PLUS - Parent or Graduate Student Loans
4 Alternative - Student Loans
Stafford - Student Loans

Federal need and non-need based program
Fixed 6.8% interest rate; Subsidized Stafford Loans for undergraduate students only that are first disbursed on or after 7/1/09 will carry a fixed interest rate of 5.6%
Subsidized Federal Stafford Loans available to eligible students registered at least half-time
Unsubsidized Federal Stafford Loans available to all students registered at least half-time
Repayment begins six months after a student's enrollment drops below half-time status or the student graduates
FAFSA is required
Learn more...


Perkins - Student Loans

Federal need-based program
Fixed 5% interest rate
UConn is the Lender
Available to eligible full-time students
Repayment begins nine months after a student's enrollment drops below half-time status or the student graduates
FAFSA is required
Complete the Perkins Loan Master Promissory Note requirement
Borrowers use UAS to complete the Exit Counseling requirement
Learn more...

PLUS - Parent or Graduate Student Loans

Federal non-need based program
Credit check conducted to establish eligibility
Parent borrowers: repayment begins 60 days after final disbursement (deferment options available), FAFSA is not required
Graduate Student borrowers: may defer payment while in school, FAFSA is required
UConn requires parent borrowers to complete the PLUS Loan Information Form
UConn requires graduate student borrowers to complete the Grad PLUS Loan Information Form
Complete the PLUS MPN requirement. Graduate PLUS borrowers must also complete entrance counseling and exit counseling.
Learn more...

Alternative - Student Loans

Non-federal private loan options
Variable interest rates; most have no cap
You should exhaust all federal loan options before considering an alternative loan
Must apply directly through your chosen lender
For more information on how our suggested lenders were chosen, please see our Lender Selection page.
Repayment options vary by lender
FAFSA is not required
UConn requires students who do not file a FAFSA to complete the Alternative Loan Information form.
Borrowers use ELMNet to check their loan status