Title IV school code: 009841
Loans are a form of financial aid that must be repaid. A minimum of half-time (six credit hours) of degree applicable enrollment is required for disbursement.
The University of North Florida encourages students to borrow only what is necessary to cover their cost of attendance for the academic period. There is no penalty for accepting a partial loan amount. Information regarding every student's federal loans will be submitted to the National Student Loan Data System (NSLDS) and will be accessible by guaranty agencies, lenders, and schools determined to be authorized users of the data system. Students can review their Federal Loan History on the National Student Loan Data System (NSLDS) to monitor their progression toward the aggregate loan limit.
The University of North Florida participates in the William D. Ford Federal Direct Loan Program. Loans originated through UNF will be disbursed directly by the federal government to the University. The Direct Loan Program offers an easier and more efficient process for our borrowers and, in some cases, it may cost less. Private Loans may be borrowed through the lender of a student's choice.
Every step of the loan process must be completed at least two weeks before the end of the enrollment period to ensure necessary processing time. Students may direct questions to One-Stop Student Services.
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William D. Ford Federal Direct Loan Program
Federal Direct student loans are low interest education loans disbursed directly by the Federal Government. These are the most common student loans for funding undergraduate and graduate education. Every step of the loan process must be completed at least two weeks before the end of the enrollment period to ensure necessary processing time.
Direct Subsidized Loans are awarded to undergraduate students on the basis of financial need, as determined by FAFSA. The government will pay (subsidize) the interest while the student is enrolled at least half-time (6 credit hours) in degree applicable coursework. Interest begins accruing upon graduation. Repayment begins six months after the student graduates, leaves school, or drops below half-time enrollment.
Direct Unsubsidized Loans allow undergraduate students to borrow loan funds beyond their subsidized loan amount, within the loan limits, but not to exceed cost of attendance minus other financial aid. Unsubsidized loans are the only loans available to graduate students. Interest begins accruing as soon the loan disburses. Repayment begins six months after the student graduates, leaves school, or drops below half-time enrollment.
The annual maximum loan amount an undergraduate student may receive must be prorated when the borrower is enrolled in a program that is one academic year or more in length, but is in a remaining period of study that is shorter than a full academic year. (Federal Handbook Chapter 5, 3-113)
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Federal Direct PLUS Loans
Federal Direct Parent PLUS loans are available to parents of dependent undergraduate students enrolled at least half-time in an eligible program. Parent PLUS loans are low-interest loans available to supplement the student's financial aid package, up to the cost of attendance. Repayment begins upon disbursement to the school. In order to be considered for a PLUS loan, the student must first complete a FAFSA. PLUS loan requests will not be reviewed or processed until a valid FAFSA application for the student has been received. Every step of the loan process must be complete at least two weeks before the end of the enrollment period to provide necessary processing time.
Graduate and professional students may apply for Federal Direct Grad PLUS loans to supplement their other financial aid. Federal Direct PLUS loans require an application and credit check to determine borrower eligibility. Every step of the loan process must be completed at least two weeks before the end of the enrollment period to ensure necessary processing time.
Borrowers who qualify for a Direct PLUS Loan by obtaining an endorser or by documenting extenuating circumstances must complete Parent/Graduate PLUS Loan Entrance Counseling at https://studentloans.gov. Click the link to be directed to the online Parent/Graduate PLUS Loan Entrance Counseling. The Department of Education recommends accessing the Student Loans website using Internet Explorer Version 6.0 or higher. Using a different type of browser to complete Entrance Counseling or a Master Promissory Note does not allow Student Loans to receive your data.
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Private loans are not part of the federal education loan programs. They are designed for students who need additional financial assistance, beyond the Federal Direct Subsidized and/or Unsubsidized and PLUS Loan programs, to pay for school. Students considering a private loan are encouraged to speak with a One-Stop counselor first.
Private loans require an application directly with an educational loan lender and are subject to credit check to determine borrower eligibility. While these loans do not require a FAFSA, they do require UNF certification and at least half-time enrollment. A student cannot receive a private loan that is greater than the cost of education minus other financial aid received. Every step of the loan process must be completed at least two weeks before the end of the enrollment period to ensure necessary processing time.
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