Private Loan Instructions

The UNF Loan Action Request Form is not a loan application. Rather, the Loan Action Request Form notifies UNF Financial Aid that you have already applied for a private education loan with a bank and requests UNF to certify your loan.
 

  1. Complete a private education loan application with the bank you have selected. Students will need the bank’s lender code to complete the UNF Loan Action Request Form. To obtain this code, please contact the selected bank directly.
     
  2. Go to Financial Aid Forms and download the Loan Action Request Form under the “Action Request Forms” section.
     
  3. Complete Section II of the Loan Action Request Form. Be sure to include the bank’s name and lender code.
     
  4. Sign the Loan Action Request Form and submit to One Stop Student Services. This can be done in person or by faxing to 904-620-2414.
     
  5. Based on the information you provide on the request form, UNF will certify the loan. The amount certified by UNF will depend on student loan eligibility.  This is based on student Cost of Attendance minus other aid and resources they may be receiving. The certification process can take anywhere from 10 business days to several weeks, depending on the time of year.
     
  6. The bank lender will let the student know if they have been approved or declined.

    • If approved, the student (applicant and co-signer if applicable) will sign a Private Loan Self Certification form and Promissory Note with the lender. The Private Loan Self Certification form can be found on the lender’s website or here. Private Loan Self Certification forms must be submitted to the bank, not to UNF. The bank will communicate to the student how and when to complete the Promissory Note.
       
    • If denied, the student (applicant) will receive a denial letter from the lender. Some lenders will notify UNF of a loan denial. If UNF is not notified of the denial, the award will remain on the student's  financial aid award but will not pay. Students should notify UNF as soon as possible if they are not approved.
     

 

 
IMPORTANT: Students who have not filed the FAFSA, you must either file a FASFA (www.fafsa.ed.gov) or submit a FAFSA Non-filing Statement Form to One Stop indicating that they have not and will not file a FAFSA for the specified aid year. Without a FAFSA or the non-filing form, a Private loan will not be certified.  This is because a student may qualify for loans or other Title IV financial aid.  The terms and conditions of the Title IV  program loans may be more favorable than the provisions of private education loans.  Also be advised that students have federally protected rights regarding private education loans;  more information regarding these rights can be found at http://www.fdic.gov/regulations/laws/rules/6500-1400.html.