Programs : Loans

UF primarily offers student loans through the Federal Direct Loan Program, but there are a number of other loan programs available at UF. These include:

Direct Loans

The Federal Direct Loan Program consists of the following types of loans:

For these loans, the U.S. Department of Education is the lender and delivers loan funds directly to the school. UF disburses the loans after your eligibility has been determined and classes have begun. When it is time for repayment, you (or your parents) will send all loan payments to the federal loan servicer.

Summary of Loan Programs

Loan Name Interest Rate
(disbursed from 7/1/13 to 7/1/14)
Interest Rate
(disbursed from 7/1/14 to 7/1/15)
Origination Fee
(disbursed from 12/1/13 to 9/30/14)
Repayment Co-Signer or Endorser Needed?
Perkins Loan 5% Fixed  5% Fixed None Begins 9 months after graduation. No
Subsidized Loan 3.86% Fixed 4.66% Fixed 1.072% Begins 6 months after you graduate or enroll for less than half time No
Unsubsidized Loan 3.86% Fixed for undergraduates
5.41% Fixed for graduates
4.66% Fixed for undergraduates
6.21% Fixed for graduates
1.072% Begins 6 months after you graduate or enroll for less than half time No
Parent PLUS Loan 6.41% Fixed 7.21% Fixed 4.288% Begins with 60 days of disbursement of loan funds Dependent upon credit decision
Graduate PLUS Loan 6.41% Fixed 7.21% Fixed 4.288% Begins with 60 days of disbursement of loan funds Dependent upon credit decision
UF Long Term Loans 4% to 9% 4% to 9% None Begins 6 months after you graduate or enroll for less than half time Yes

Studentloans.gov, the U.S. Department of Education’s Federal Loan site, is a great resource for students looking for more information on student loans. Besides being the main portal for federal student loans, the site provides comprehensive information regarding repayment options, loan discharge, loan forgiveness programs, and much more.

Loan Repayment

Four repayment plans are available under the Direct Loan Program. More information is available here.