Federal Stafford Loans

Students borrowing for the first time at this University must complete required Pre-Loan Counseling on-line or in the Financial Aid Office. Click here for On-Line Pre-Loan Counseling.

Subsidized Stafford Loan

The federal government will pay the interest while you are in school, during your grace period, and during authorized periods when payments can be suspended, called deferments.

Unsubsidized Stafford Loan

The Federal government does not pay your interest. The interest is always your responsibility to pay. If you do not pay the interest while you are in school, your grace period, or during deferments, the interest on your loan will be capitalized and added to your principal balance.

How to Apply

1. Complete a Loan Application and give to Financial Aid Office.
2. Choose a lender. If you choose a lender that is not on the UCCS Lender List, you will need to contact your lender for a school certification form.
3. Click here for yearly and aggregate loan limits.

Notes

1. You will be required to sign only ONE Promissory Note, the Master Promissory Note. To complete the Master Promissory Note (MPN) go to https://www.studentloanonline.com/StudentLoanOnline/. You will not be allowed to sign until we have certified the amount you requested.
2. No new Note will be sent to you when you borrow again, unless your change lenders.
3. Loans certified and guaranteed after July 1, 2006 will have a fixed interest rate. Stafford loans will be 6.8% and PLUS loans will be 8.5%
4. The Standard Repayment plan is 10 years, but there are some payment plans that may give you more time depending upon the amount you borrow.
5. The minimum scheduled payment will be $50 per month and begin after a six-month grace period. Your grace period begins after you graduate (or drop below half-time attendance). Monthly repayments will vary depending on amount borrowed.