Graduate PLUS Loan
A Pell Grant is a subsidy the U.S. federal government provides for students who need
it to pay for college.
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Eligibility
- Complete the FAFSA.
- Complete the Graduate PLUS Loan Application.
- Enroll in at least 4.5 eligible credit hours each semester.
- E-sign a Master Promissory Note (MPN).
- Must complete Student Loan Entrance Counseling for Graduate or Professional Students
at STUDENTAID.GOV.
- Must have acceptable credit. The US Department of Education will run a credit check.
Award Amount
The maximum loan amount is the cost of attendance (determined by the school) minus
any other financial aid received.
CURRENT LOAN FEE PERCENTAGE
Loan Fees
There is a loan fee on all PLUS loans. The loan fee is a percentage of the loan amount
and is proportionately deducted from each loan disbursement.
CURRENT INTEREST RATES
Interest Rates
Learn about interest rates and how much it costs to pay a loan back.
Disbursement
Pell Grant is sent automatically to the Bursar's Office beginning the first day of
the semester.
Your Pell will first pay your outstanding tuition and fees.
After this balance is paid, any excess financial aid will be refunded to you either
by check, or through direct deposit (which you may set up in your myUVU student account).
Continued Eligibility
- Complete a new FAFSA each award year.
- Meet Satisfactory Academic Progress each semester.
- Meet all other eligibility requirements.
- If you have received a Pell Grant for the equivalent of 12 full-time semesters, you
will no longer be eligible for a Pell Grant.
- Students may receive Pell Grant for up to three full-time semesters in one year.
- For the third semester, students must be enrolled at least six credit hours.
To Whom Your Federal Student Aid Information is Sent
Federal Pell Grant and Loan information is sent to the U.S. Department of Education.
This information is then included in the National Student Loan Data System (NSLDS)
and is accessible to you and authorized agencies, lenders, servicers, and institutions.
View Your Pell Grant & Loan History
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Federal Parent PLUS Loan
A Direct PLUS Loan is a non-need-based loan that is available to Parents of undergraduate
or graduate students to aid in paying for educational expenses.
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Eligibility
- Complete the FAFSA.
- The parent must be the student’s biological or adoptive mother or father. A stepparent
is also eligible to borrow a PLUS loan if their income and assets would be taken into
account on the student’s FAFSA application. A legal guardian is not considered a parent
for this purpose.
- The parent must complete the Parent PLUS Loan Request and upload the completed form
to the Financial Aid and Scholarships Office.
- Undergraduate students must be enrolled in at least 6 eligible credit hours. Graduate
students must be enrolled in at least 4.5 eligible credit hours.
- The parent must e-sign a Master Promissory Note (MPN).
- The parent must have acceptable credit. The US Department of Education will run a
credit check.
- Go to our Financial Aid FORMS page to find the Parent PLUS Loan Application.
Award Amount
The maximum loan amount is the cost of attendance (determined by the school) minus
any other financial aid received.
Loan Fees
There is a loan fee on all PLUS loans. The loan fee is a percentage of the loan amount
and is proportionately deducted from each loan disbursement.
Current Loan Fee Percentage
Interest Rate
Learn about interest rates and how much it costs to pay a loan back.
Current Interest Rates
Disbursement
Pell Grant is sent automatically to the Bursar's Office beginning the first day of
the semester.
Your Pell will first pay your outstanding tuition and fees.
After this balance is paid, any excess financial aid will be refunded to you either
by check, or through direct deposit (which you may set up in your myUVU student account).
Continued Eligibility
Student Requirements
- Complete a new FAFSA each award year.
- The student must meet Satisfactory Academic Progress each semester.
- The student must meet all other eligibility requirements.
Parent Requirements
- Complete the Parent PLUS Loan Request each year.
- E-sign an MPN if it has expired.
- Prove credit worthiness by passing a credit check each year a PLUS loan is requested.
Disbursement
Parent PLUS loans will pay balances on the student’s account first.
Any excess will be disbursed to the parent unless otherwise notated on the Parent
PLUS Loan Request.
To Whom Your Federal Student Aid Information is Sent
Federal Pell Grant and Loan information is sent to the U.S. Department of Education.
This information is then included in the National Student Loan Data System (NSLDS)
and is accessible to you and authorized agencies, lenders, servicers, and institutions.
View Your Pell Grant & Loan History
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Private Education Loans
A Private Education Loan is a loan a student may apply for directly with an education
loan lender to pay for educational expenses. UVU uses a historical private education
loan lender list.
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Eligibility
Each lender will have different eligibility criteria. Carefully review each lenders
interest rate, eligibility, and repayment criteria.
Learn More about Eligibility
Award Amount
The maximum loan amount is the cost of attendance (determined by the school) minus
any other financial aid received. UVU will only certify your loan request up to what
you are eligible for.
Loan fees & Interest Rate
Loan fees and interest rates are different depending on each educational loan lender.
To Whom Your Federal Student Aid Information is Sent
Federal Pell Grant and Loan information is sent to the U.S. Department of Education.
This information is then included in the National Student Loan Data System (NSLDS)
and is accessible to you and authorized agencies, lenders, servicers, and institutions.
View You Pell Grant & Loan History
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Direct Subsidized Loans
A Direct Subsidized Loan is a need-based loan that is available to undergraduate students
who have demonstrated financial need.
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Thinking of taking out a student loan? See what your loan repayment will look like
by using the Loan Simulator at STUDENTAID.GOV.
Eligibility
- Complete the FAFSA.
- Must be an undergraduate student with financial need, which is based on the Expected
Family Contribution (EFC).
- May not exceed the aggregate loan limits established by the US Department of Education.
- Must be enrolled in at least 6 eligible credit hours.
- Must complete Student Loan Entrance Counseling at STUDENTAID.GOV.
- Must e-sign Master Promissory Note (MPN).
Annual & Aggregate Loan Limits
Award Amount
Award amounts are based on your program level, how many credits you have completed,
and if you are considered a dependent or independent student defined by the US Department
of Education.
Learn About Loan Amounts
Loan Fees
There is a loan fee on all Direct Subsidized Loans and Direct Unsubsidized Loans.
The loan fee is a percentage of the loan amount and is proportionately deducted from
each loan disbursement.
Current Loan Fee Percentage
Interest Rate
Learn about interest rates and how much it costs to pay a loan back.
Current Interest Rates
To Whom Your Federal Student Aid Information is Sent
Federal Pell Grant and Loan information is sent to the U.S. Department of Education.
This information is then included in the National Student Loan Data System (NSLDS)
and is accessible to you and authorized agencies, lenders, servicers, and institutions.
View Your Pell Grant & Loan History
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Direct Unsubsidized Loans
Direct Unsubsidized Loans are available to undergraduate and graduate students; there
is no requirement to demonstrate financial need. Interest accrues throughout the life
of the loan, and the student is responsible for the interest during all periods.
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Thinking of taking out a student loan? See what your loan repayment will look like
by using the Loan Simulator at STUDENTAID.GOV.
Eligibility
- Complete the FAFSA.
- May not exceed the aggregate loan limits established by the US Department of Education.
- Undergraduate students must be enrolled in at least 6 eligible credit hours. Graduate
students must be enrolled in at least 4.5 credit hours.
- Must complete Student Loan Entrance Counseling at STUDENTAID.GOV.
- Must e-sign Master Promissory Note (MPN).
Annual & Aggregate Loan Limits
Award Amount
Award amounts are based on your program level, how many credits you have completed,
and if you are considered a dependent or independent student defined by the US Department
of Education.
Learn About Loan Amounts
Loan Fees
There is a loan fee on all Direct Subsidized Loans and Direct Unsubsidized Loans.
The loan fee is a percentage of the loan amount and is proportionately deducted from
each loan disbursement.
Current Loan Fee Percentage
Interest Rate
Learn about interest rates and how much it costs to pay a loan back.
Current Interest Rates
Continued Eligibility
- Complete a new FAFSA each award year.
- Meet Satisfactory Academic Progress each semester.
- Meet all other eligibility requirements.
- You may not exceed your Direct Loan Aggregate Loan Limits.
- E-sign an MPN if it has expired.
Exit Loan Counseling
If a student who received federal loans withdraws, drops below half time enrollment,
or graduates, they are required to complete Exit Loan Counseling at STUDENTAID.GOV. To Whom Your Federal Student Aid Information is Sent
Federal Pell Grant and Loan information is sent to the U.S. Department of Education.
This information is then included in the National Student Loan Data System (NSLDS)
and is accessible to you and authorized agencies, lenders, servicers, and institutions.
View Your Pell Grant & Loan History
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