UCC campuses will open at 10am today. The Woolley Center will open at noon.
UCC campuses will open at 10am today. The Woolley Center will open at noon.
This loan is based on financial need for which the federal government pays the interest that accrues while the borrower is in school, grace or deferment status. New borrowers are subject to limitations on the amount of subsidized loans received.
This is a loan where the borrower is fully responsible for the paying of the interest regardless of loan status. Interest accumulates from the date of disbursement. UCC does not offer this loan at the time of the initial offer. Students have to apply by using the Loan Request & Revision Form and submitting it to the Financial Aid Office for processing.
Students must be enrolled at least half-time (6cr) in an eligible program to qualify for student loans.
First time federal student loan borrowers must complete the following requirements: Entrance Counseling and Master Promissory Note (MPN).
There is a 30-day delay for first time federal student loan borrowers from the first term you begin in that specific aid year.
In compliance with federal regulations, loans will be prorated for students attending less than 3 terms.
You must complete exit counseling when you leave school or drop below half-time enrollment. The purpose of exit counseling is to ensure you understand your student loan obligations and are prepared for repayment. To learn about the rights and responsibilities of student loan borrowers click here.
For first time borrowers Federal Regulations require that the first disbursement of Federal Direct Stafford Loans not be released until 30 days after the term begins.
For one term loans, Federal Regulations require that one term loans be disbursed in two equal payments.
You must be enrolled in AND attending at least 6 credits for loan funds to disburse.
Defined as Monday at 8:30 am of the second week of the term. The credits that a student is registered for at this time, are locked and that is the enrollment status that will determine the student’s Financial Aid disbursement.
On the third Monday of each term, the student’s financial aid funds above institutional charges will be made available through two means:
Classes that start later in the term will impact a student’s enrollment status and disbursement. Funds will continue to be direct deposited or a check mailed on Mondays throughout the terms enrolled and attending.
Student cost of attendance is based on a minimum of 8 weeks of class attendance. If your class schedule is less than 8 weeks you will receive an adjustment to your cost of attendance. This may cause an adjustment to the amount of aid you are offered.