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Uconn Student Loans
Repaying Your Student Loans. If you have a Grad PLUS Loan, your loan will go into repayment within 60 days of your withdrawal date (there is no automatic grace period for PLUS loans, but you may request a deferment from your lender). If you have an Alternative (Private) Loan, you may have a six month grace period.
Interest rates and repayment terms are unique to the loan product selected. Students may borrow cost of attendance minus any financial aid received. Student and co-signer, if applicable, must complete a Promissory Note. The University certifies private (alternative) loans electronically through Educational Loan Management (ELM).
Freshmen At University of Connecticut Take Out an Average of $7,338 in Loans in Their First Year. At University of Connecticut, 51.0% of incoming students take out a loan to help defray freshman year costs, averaging $7,338 a piece. This amount includes both private and federally-funded student loans.
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All students who choose to borrow loans are required to repay the lender according to the terms of their Promissory Note. If you default, the lender of your loan, State and Federal Government can take action to recover the money.
The Graduate Student Senate offers short-term, interest-free emergency loans to a maximum of $1,500.00 to any graduate student who is registered at the Storrs Campus (or is enrolled in the Marine Sciences or Public Policy programs), is in good financial standing with the University of Connecticut, and meets all other eligibility criteria as ...
The Connecticut Higher Education Supplemental Loan Authority (CHESLA) is a quasi-public state authority created to help students and their families finance the cost of higher education.
Loans are for a maximum of $500 and usually expected to be repaid in one to three months. These loans cannot be used to pay a balance owed to the University on their fee bill or student financial account. Come to the Dean of Students Office for this service. Short Term Emergency Loan Fund (STELF)
Resources for Loan Borrowers The following links are provided to assist with financial planning for student loans. The total financial aid a student receives, including loans and scholarships, cannot exceed the cost of attendance .