Please select one of the topics below or scroll down to find the information you need.
Do you already have college loans and want more information on how to manage them effectively? The National Consumer Law Center’s Student Loan Borrower Assistance Project is a free resource for borrowers, their families, and advocates representing student loan borrowers. If you already have student loans and want to know more about your options and rights, visit the Student Loan Borrower Assistance Site.
Loans are an option for you and/or your parents when other financial resources are not enough to cover your entire cost of education. It's important to know about the different types of loans that are available to make an informed decision about what will be best to help you and/or your family cover the cost of attending the University of the Incarnate Word.
Please research your loan options carefully before making a choice of a loan program to pursue, and remember - we are here to help you in any way we can. Most importantly, be sure you exhaust all other options for aid before pursuing student loans, especially from private lenders. If you would like us to look over a loan application before it is submitted, or before you sign the promissory note, to make sure you understand what you are signing, please contact us or stop by our office.- Educational loans exist to help you pay for your cost of attendance at UIW.
- Think carefully about the amount you really need to borrow before you decide how much to take out on a loan.
- Student loans are borrowed money that must be repaid, with interest, just like car loans and mortgages.
- Read the fine print on your application and promissory note carefully. You need to know:
- the full amount of the loan you are taking out
- the current interest rate on the loan, how the interest rate is calculated, and how often it will change
- the date you must start repayment
- whether there are any charges you must pay (loan origination fees/guarantee fees) and how those fees will be collected
- the maximum amount you can borrow each year
- the maximum time for repayment and the estimated repayment amounts
- the circumstances that will result in default and the consequences should you default, and
- your available options for deferment, forbearance and loan consolidation.
- Keep track of your lenders. It is your responsibility as the borrower to stay in touch and notify your lender if you graduate, withdraw from school, drop below half-time enrollment, change your name, or transfer to another school.
The UIW Office of Financial Assistance recommends that you utilize loan options in the following order, depending upon eligibility for the loan and funding availability (click on the links below to see full program descriptions):
1. Federal Direct Subsidized Stafford Loans (limits)
2. Federal Direct Unsubsidized Stafford Loans (limits)
3. Low Interest/Zero Interest Loans (from private foundations/trusts)
4. Federal Direct Parent PLUS or Direct Graduate PLUS Loans or State Alternative Loan (College Access Loan)
6. Texas B-on-Time Loan (depending on funding availability)
After you've reviewed the various loan options, we suggest you take a look at Financing Your Future - an online workshop for new borrowers. Students taking out Federal Direct Stafford loans for the first time with UIW will need to complete the Federal Direct Loan Entrance Counseling requirements; and will need to complete a Federal Direct Loan Master Promissory Note. Graduating students will need to complete the Federal Direct Loan Exit Counseling requirements New graduates should also review the various Loan Repayment Programs that are available to assist in paying off student loans.
Federal Direct Subsidized Stafford Loan
Direct Subsidized Stafford Loans are made available to students through the Department of Education.
- Fixed interest rate of 5.6 % (undergraduate Subsidized loans only).*
- Graduate Subsidized Stafford Loans remain at a fixed interest rate of 6.8%.
- U.S. Federal Government subsidizes this loan (pays the interest on the loan) while you are in school, and during any eligible deferment period, and reinsures the loan.
- You must apply annually (complete a FAFSA and a UIW Student Information Form) and demonstrate financial need.
- UIW determines whether you are eligible and originates the loan application.
- You complete Entrance Counseling electronically (online at http://www.uiw.edu/finaid/ent/index.htm).
- You sign the promissory note for the loan (also called Master Promissory Note or MPN) online at http://dlenote.ed.gov.
- The loan has a 0.5% origination fee, which is taken from the loan at the time of disbursement.
- Available to Undergraduate, Graduate, ADCaP and Virtual students enrolled at least half-time (half-time is defined as 6 hours Undergraduate and 4 or more hours Graduate).
- Repayment of principal and interest begins 6 months after you graduate or you are no longer enrolled at least half-time.
- You have up to 10 years to repay this loan.
- This loan may be consolidated with other Federal education loans.
*Interest rates will drop to 4.5% on undergraduate Subsidized loans with a first disbursement on or after July 1, 2010 and for the 2010-2011 academic year. Rates will continue to change yearly for new loans made on or after July 1 of each year based on Federal Legislation.
Federal Unsubsidized Stafford Loan:
Unsubsidized Stafford Loans are made available to students through a partnership arrangement involving schools, lenders, guarantors, and the federal and state governments.
- Fixed interest rate of 6.8%.
- The loan continues to gather interest while you are in school as well as during deferment periods.
- You must apply annually (complete a FAFSA and a UIW Student Information Form) and you do not have to demonstrate financial need.
- UIW determines whether you are eligible and originates the loan application.
- You complete Entrance Counseling electronically (online at http://www.uiw.edu/finaid/ent/index.htm).
- You sign the promissory note for the loan (also called Master Promissory Note or MPN) online at http://dlenote.ed.gov.
- The loan has a 0.5% origination fee, which is taken from the loan at the time of disbursement.
- Available to Undergraduate, Graduate, ADCaP and Virtual students enrolled at least half-time (half-time is defined as 6 hours Undergraduate and 4 or more hours Graduate).
- Repayment of principal and interest begins 6 months after you graduate or you are no longer enrolled at least half-time.
- You have up to 10 years to repay this loan.
Annual Borrower Limits |
||
|---|---|---|
Borrower's Grade Level |
Dependent Students * |
Independent Students ** |
Freshman (0-31 credits) |
$5,500 (not to exceed $3,500 from Subsidized funds) |
$9,500 (not to exceed $3,500 from Subsidized funds) |
Sophomore (32-63 credits) |
$6,500 (not to exceed $4,500 from Subsidized funds) |
$10,500 (not to exceed $4,500 from Subsidized funds) |
Junior and Senior (64+) |
$7,500 (not to exceed $5,500 from Subsidized funds) |
$12,500 (not to exceed $5,500 from Subsidized funds) |
Graduate Students (Master's and Ph.D. programs) |
n/a |
$20,500 (not to exceed $8,500 from Subsidized funds) |
Professional Students in the School of Optometry |
n/a | $40,500 (not to exceed $8,500 from Subsidized funds) |
Professional Students in the School of Pharmacy |
n/a | $33,000 (not to exceed $8,500 from Subsidized funds) |
*For dependent students whose parents cannot borrow under the Federal Direct PLUS Program, the amount a student can borrow under the unsubsidized program is the same as for an independent student.
**Independent students who are not eligible for a full subsidized federal Stafford loan may borrow their remaining subsidized eligibility under the unsubsidized program.
The maximum outstanding total Stafford loan debt allowed is:
- $31,000 for a dependent undergraduate student
- $57,500 for an independent undergraduate student
- $138,500 for a graduate students (including loans taken for undergraduate study) and
- $224,000 for professional students in the School of Pharmacy or School of Optometry (including loans taken for undergraduate study).
Low Interest/Zero Interest Loans through Private Foundations/Trusts
American Pharmaceutical Association Auxiliary (Irene A. Parks Loan Fund)
Attn: Peggy Gawronski
305 W. Old Middle Creek
Prestonburg, Kentucky 41653
(606) 886-0249
- Loans up to $500.
- Loans ar made to pharmacy students during their two years of pharmacy school.
- Repayment for the loan interest begins 60 days after graduation.
- Applicants should express financial need on their application.
- Information may be obtained by writing or calling the association.
The Nettie Mae Millhollon Educational Trust
P.O. Box 643
Stanton, Texas 79782
(432) 756-2261
- Maximum loan amount of $2,000 per semester (Fall and Spring), not to exceed the aggregate amount of $16,000 for the student's school career.
- Loans may be made to any student, subject to the availability of funds, who meets the foundation's requirements.
- Must be a legal Texas resident.
- Must be under age twenty-five (25).
- Must be attending a Texas college or university which has been accredited by the Commission of Colleges of the Southern Association of Colleges and Schools (SACS).
- Must be able to come to Stanton, Texas for a personal interview with one of the Board of Trustees Members at a time set by the Trustee.
- Selected applicants will be chosen from those interviewed based primarily on financial need as determined by the Trustees.
- All applications and attachments must be received in the Trust's office by the deadlines of July 1 for the Fall semester and January 2 for the Spring.
- The note and application must be signed by the student applicant. The note also must be notarized guaranteeeing repayment of all loans made to the student by the Trust.
- All supporting data will become part of a permanent loan file and will not be returned to the student.
- Applications that are not accepted will be destroyed along with all attachments.
- Students must renew loans each semester by contact the Trust for a new note and application. No interview is required for renewal.
- To renew a loan, the student must have completed at least 12 semester hours with at least a 2.5 GPA during the previous semester.
- Information on applying is available online at http://www.millhollon.com/index.htm.
The Bill Raskob Foundation, Inc.
P.O. Box 507
Crownsville, Maryland 21032-0507
(410) 923-9123
- Interest-free loan, not credit-based.
- Undergraduate and graduate students may apply.
- Applicants must be U.S. Citizens.
- Students must have completed at least one year of study at an accredited institution.
- Borrowing range of $1,000 - $3,000.
- Repayment begins 6-12 months after graduation, depending on student's major.
- Application period is January 1 - May 1 of each year.
- Information is available online at http://www.billraskob.org.
The Evalee C. Schwarz Charitable Trust
4265 San Felipe, Ste. 1100
Houston, TX 77027-2913
(713) 960-6616
pfs@privatefoundationservices.com
- Interest-free loan, not credit-based.
- Undergraduate and graduate students may apply.
- Applicants must be U.S. Citizens at the time of application.
- Students must be enrolled in a school in the state in which the student resides.
- Borrowers must have an Expected Family Contribution (EFC) of less than $4,000.
- Borrowing range based on need.
- Repayment period set by lender.
- Application period is January 1 - April 15 of each year.
- Information is available online at http://www.privatefoundationservices.com.
The Abe and Annie Seibel Foundation
c/o The Frost Bank - Trust Department
PO Box 8210
Galveston, Texas 77553-8210
(409) 770-5665
- Interest-free, not a credit-based loan.
- Must be a U.S. Citizen, Texas resident, and have graduated from a Texas high school.
- Must enroll full-time at a Texas college/university accredited by the Southern Association of Colleges and Schools (SACS)* with the intention of completing requirements toward a first bachelor's degree.
- Entering freshmen must meet one of the following sets of scores to apply:
| Class Ranking | Minimum SAT | Minimum ACT |
| Top 10% of Class | any score | any score |
| Top 15% of Class | 1500 | 22 |
| Second Quarter | 1650 | 25 |
| Third & Fourth Quarter | 1800 | 27 |
- College level applicants must maintain a 2.75 GPA overall.
- Applicants with the above MINIMUM scores will be given consideration for approval; however, this is not to be defined as automatic approval.
- High school seniors must submit a transcript reflecting SAT/ACT scores and rank in class.
- Applications and transcripts will be presented to the directors in the order in which they are completed.
- Funds are limited and it is advisable to submit requests as early as possible.
- Students may contact the Foundation by telephone or mail after November 1 each year to be placed on the mailing list for the upcoming fall/spring long-term school year.
- Application packets are accepted January 1 through February 28 of each year.
PEO International
Adrienne Russell
- For women only and must be selected and recommended for this loan by the local PEO contact, Adrienne Russell.
- 4% Annual Percentage Rate loans.
- Not a credit-based loan.
- Must be a U.S. or Canadian Citizen or Permanent Resident.
- Must demonstrate financial need as determined through Financial Aid application.
- Must be enrolled at least half-time.
- Maximum loan amount of $9,000.
- Contact Adrienne Russel for more information.
The Minnie Stevens Piper Foundation
1250 N.E. Loop 410, Ste. 810
San Antonio, Texas 78209-1539
- 6% Annual Percentage Rate loans.
- Not a credit-based loan.
- Must be a U.S. Citizen or Permanent Resident.
- Must be a Texas resident.
- Must demonstrate financial need as determined through Financial Aid application.
- Must be a college Junior, Senior or graduate/professional student.
- Must be enrolled full-time.
- Maximum loan amount of $1,000 per semester for undergraduate students or $2,000 per semester for graduate/professional students.
- Apply online at http://www.window.state.tx.us/scholars/programs/studentloan.html.
The Hattie M. Strong Foundation
1620 Eye Street, N.W., Ste. 700
Washington, DC. 20006-4005
(202) 331-1619
- This is an interest-free loan; eligibility is not credit-based.
- To be eligible, students must be American college students in the U.S. or abroad who are entering their FINAL year of study in a baccalaureate or graduate degree program. Foreign students temporarily in this country do not qualify for loans.
- Eligibility is based solely on merit without regard to race, sex or religion.
- Students must be enrolled full-time in an accredited four-year college or graduate school.
- The maximum loan amount is $5,000.
- The terms of repayment are based upon monthly income after graduation and are arranged with each individual so as to to create a minimum of hardship.
- Arrangements are made directly with students; interviews are not conducted.
- Students should contact the foundation between January 1 and March 31, giving a brief personal history, identification of educational institution attended, subject studied, dated expected to complete studies, and amount of funds needed. Enclosure of a self-addressed, stamped envelope will speed up the application process.
- If applicant qualifies for consideration for a loan, formal application blanks are then mailed to the students and forms must be returned to the foundation.
- Loan funds are limited and loans are therefore made on a competitive basis, taking into account the applicant's motivation, need, and self-reliance as well as scholastic record.
- Information is available online at http://www.hmstrongfoundation.org/contact_us.htm.
Federal Direct Parent Loan for Undergraduate Student (PLUS):
- Fixed interest rate of 7.9%.
- Offered directly through the Department of Education.
- Student does not have to demonstrate financial need.
- Parent must not have an adverse credit history (or have an endorser who does not have an adverse credit history), but if the parent is denied due to adverse credit, the student may borrow Unsubsidized Stafford loans up to the Independent student academic year limits.
- The annual loan limit is the total Cost of Attendance minus other aid.
- Origination fees charged by the Department of Education are 3% and will be taken out prior to disbursement.
- No aggregate limit
- Repayment begins 60 days from the date of the final disbursement; however, parents may choose to defer principal payments while the student is enrolled at least half-time. Please note, quarterly interest payments are still required, and the loan continues to accrue interest during deferment or forbearances. A deferment or a forbearance will increase the total amount of interest paid over the life of the loan.
- Interest begins to accrue at the day of the first disbursement.
- UIW determines whether you are eligible and originates the loan application.
- You sign the promissory note for the loan (also called Master Promissory Note or MPN) online at http://dlenote.ed.gov using your Department of Education PIN number.
- If you do not remember your PIN or need to apply for one, please go to http://www.pin.ed.gov.
- Available to Dependent Undergraduate students enrolled at least half-time (half-time is defined as 6 hours Undergraduate).
- You have up to 10 years to repay this loan.
How do you apply?
Parents can apply for a Direct PLUS loan by completing the Direct Parent PLUS Loan Request form (online at http://www.uiw.edu/finaid/documents/DLPLUSReq1011_000.pdf).The parent borrower must consent to a credit check (which will be conducted by UIW through the Department of Education) as part of the application process.
How do you sign for the loan?
You sign the promissory note for the loan (also called Master Promissory Note or MPN) online at http://dlenote.ed.gov.
If you used a PIN to sign your family's "FAFSA on the Web", you can use the same PIN to sign your PLUS loan promissory note electronically. You may apply for a PIN at http://www.pin.ed.gov if you do not already have one. You may also click on “Request a Duplicate PIN” on the PIN site if you cannot remember your PIN number.
- Fixed interest rate of 7.9%.
- Offered directly through the Department of Education.
- Student does not have to demonstrate financial need.
- Student must be admitted into the Graduate program at UIW.
- Student borrower must not have an adverse credit history (or have an endorser who does not have an adverse credit history).
- The annual loan limit is the total Cost of Attendance minus other aid.
- Origination fees charged by the Department of Education are 3% and will be taken out prior to disbursement.
- No aggregate limit
- Repayment begins at the time of the final disbursement, although you may apply for an in-school deferment if you are enrolled at least half-time.
- Please note, the loan continues to accrue interest during deferment or forbearances. A deferment or a forbearance will increase the total amount of interest paid over the life of the loan.
- Interest begins to accrue at the day of the first disbursement.
- UIW determines whether you are eligible and originates the loan application.
- You sign the promissory note for the loan (also called Master Promissory Note or MPN) online at http://dlenote.ed.gov using your Department of Education PIN number.
- If you do not remember your PIN or need to apply for one, please go to http://www.pin.ed.gov.
- Available to Graduate students enrolled at least half-time (half-time is defined as 4 hours Graduate, 3 hours PhD (must be admitted as a PhD student), or 1 hour PhD in Dissertation).
- You have up to 10 years to repay this loan.
How do you apply?
Parents can apply for a Direct PLUS loan by completing the Direct Parent PLUS Loan Request form (online at http://www.uiw.edu/finaid/documents/DLGradPLUSRequest1011.pdf). The parent borrower must consent to a credit check (which will be conducted by UIW through the Department of Education) as part of the application process.
How do you sign for the loan?
You sign the promissory note for the loan (also called Master Promissory Note or MPN) online at http://dlenote.ed.gov.
If you used a PIN to sign your "FAFSA on the Web", you can use the same PIN to sign your PLUS loan promissory note electronically. You may apply for a PIN at http://www.pin.ed.gov if you do not already have one. You may also click on “Request a Duplicate PIN” on the PIN site if you cannot remember your PIN number.
State Alternative Loan (College Access Loan)
- Funding for the CAL loan is limited – UIW will certify loans up to our available allocation only.
- Fixed interest rate of 6.0 % or variable interest rate as determined by the Texas Higher Education Coordinating Board (the variable rate is set annually and will never be higher than 4 points above the rate at which the loan is made).
- Students must be Texas residents, and must turn in a Texas Residency Questionnaire to establish state residency.
- Students must be enrolled at least half-time in a course of study leading to an associate, bachelor or graduate degree or be enrolled in an approved Alternative Educator Certification Program.
- Students must receive a favorable credit evaluation or provide a cosigner who has good credit standing and meets other requirements.
- Students may borrow an amount up to the cost of attendance, less Stafford loan eligibility and other financial aid, even if the student will not accept their Stafford loans.
- A 3 % origination fee will be deducted from the proceeds of each loan if both the borrower and cosigner have a good credit standing; a 5 % origination fee will be deducted from the proceeds of each loan if either the borrower or cosigner, but not both, has a good credit standing.
There is a small amount of campus loan funding available to students with no other option. Funding is limited and students must demonstrate need based on FAFSA results to be considered. Since funding is limited, students on the waiting list are not guaranteed assistance through these loan programs. In addition, these funds are for billed expenses only and can not to be used as a refund.
To be considered you must:
- Be denied for a State or Private loan with a co-signer
- Have a parent that has been denied for a PLUS loan (if a dependent student) and accept the additional Unsubsidized Stafford loan, or be denied for a second State or Private loan with a co-signer (if an independent student)
- Notify OFA (submitting denial letters) to be placed on a waiting list for additional funds (this includes Perkins, B-On-Time, and Federal Nursing Loan)
Federal Perkins Loan Information:
- Loan interest rate of 5%
- You can borrow up to $4000 depending on need
- Funding is limited-awards are made on a first-come, first-serve basis to those students with high need
- Total aggregate limit is $15,000 for undergraduates, $30,000 for graduates
- Repayment begins 9 months after you graduate or are no longer enrolled half-time
- You must complete a Promissory note - go to www.signmyloan.com
- If you are graduating, you will need to complete the online Exit Counseling
- Contact the Finance Loan Officer at the Business Office (210) 829-6084 or irmag@uiwtx.edu if you have any questions or experience any technical difficulties.
Federal Nursing and Ralston Loans
Students accepted into the UIW School of Nursing may apply for these need-based loans. Loan amounts will range from $2500-$4000. Funding is limited, and priority will be given to students that are enrolled full-time in the nursing program.
You may contact the OFA at finaid@uiwtx.edu or (210) 829-6008 to see if you are eligible.
Federal Nursing and Ralston Loan Information:
- Loan interest rate of 5%
- You can borrow up to $4000 per year, depending on need
- Funding is limited – priority will be given to full-time nursing students
- Repayment begins 9 months after you graduate or are no longer enrolled half-time
- You must complete a Promissory note - go to www.signmyloan.com
- If you are graduating, you will need to complete the online Exit Counseling
- Contact the Finance Loan Officer at the Business Office (210) 829-6084 or irmag@uiwtx.edu if you have any questions or experience any technical difficulties.
The State of Texas provided limited funding for new B-on-Time Loans for 2009-10*. In order to qualify, students must:
- be an incoming first-time freshman (transfer students will only qualify if they have an associate’s degree), and
- be enrolled full-time, and
- be Texas Residents with proof of residency on file with the UIW Office of Financial Aid, and
- have unmet financial need, and
- demonstrate academic preparedness.
*we do not currently know if funding for new students will be received for the 2010-2011 school year. To the best of our knowledge, we will continue to receiving funding for renewal students.
Renewal Requirements:
- Maintain a cumulative grade point average of 2.5
- Complete a minimum of 75% of attempted coursework in previous academic year.
Forgiveness Requirements:
- Graduate with a cumulative grade point average of 3.0 or higher, and
- Graduate within 4 years of initially beginning college enrollment; OR with no more than 6 credit hours attempted beyond the number required for your degree.
If you are interested in this loan, contact Cristen Alicea at gimenez@uiwtx.edu or call 210-805-1238.
If you're graduating and believe you will qualify to have this loan forgiven, download and complete the Texas Higher Education Coordinating Board's B-on-Time Loan Forgiveness Verification Worksheet.
If you need additional funds to meet your education costs, alternative loans may be an option for you. Alternative loans are private loans made through private lending institutions (banks, credit unions or other, private educational lenders). These loans are not part of the federal government loan programs – they are credit-based and may require a cosigner. Alternative loans are generally more expensive than federal government guaranteed loans and should only be used when all other options have been exhausted.
Research all possibilities for scholarships, grants, work-study, and federal loan programs before borrowing from an alternative loan program. If you determine you need an alternative loan, research lenders carefully before making a decision. Interest rates will vary based upon lender and credit eligibility. Students who qualify without a cosigner may still want to add a cosigner to their loan in order to secure a lower interest rate and/or lower origination fees. School-certified alternative loans will usually have better interest and repayment terms than non-school-certified loans.
Lender choice is up to you. Some lenders offer borrowing incentives, such as rebates on the principal loan balance or opportunities for interest rate reductions. Visit your lender's website for more information. Choose the loan that best suits your needs and remember to borrow only what you need.
Lenders may ask for you to sign a form called a “Private Education Loan Applicant Self-Certification.” The information you need to complete the form can be found on your award letter, or in BannerWeb, under Financial Aid Status. They will be asking for your Cost of Attendance, the total amount of aid you have already been awarded, and the difference between the two numbers. Do not count aid that you are declining as part of the aid you are already receiving. If you need assistance with this form, please stop by or contact our office.
Direct Stafford Entrance Loan Counseling
We require all students that receive Federal loans to complete the Direct Loan Entrance Counseling Session. This on-line loan counseling session is designed to help the borrower understand his/her rights and responsibilities as they pertain to loan borrowing. The Direct Loan Entrance Counseling session must be completed before any loan funds may be disbursed to the student’s account.
- Go to http://www.uiw.edu/finaid/ent/index.htm
- Choose the session appropriate to your classification (Undergraduate or Graduate).
- Begin a new Entrance Counseling session.*
- Read the information provided carefully.
- You must successfully complete the quiz at the end of the session to complete your requirement.
- Upon completion, print out the confirmation page for your records.
The UIW Office of Financial Assistance will receive electronic confirmation within 2-3 business days of completing your session successfully.
*If you have previously completed this counseling, you may click on “Review previous results,” add UIW as a school, and reprint your confirmation. Please bring a copy of this confirmation to the UIW OFA.
Direct Stafford Exit Loan Counseling
Direct Stafford Loan Exit counseling is required for all graduating students that have received loan funds while attending UIW. A hold will be placed on the student’s graduation if this requirement is not satisfied.
- Go to http://www.uiw.edu/finaid/exit.html
- Begin a new Exit Counseling session.
- Read the information provided carefully.
- You must successfully complete the quiz at the end of the session to complete your requirement.
- Upon completion, print out the confirmation page for your records.
Any funds you borrow must be repaid. Repayment terms vary depending on the type of loan the student has; and the terms the student agreed upon at the time the loan was initiated. In general, students who have federal loans (Stafford Loans, Perkins Loans, Nursing Loans Ralston Loans or Graduate PLUS Loans) and parents who have federal loans (PLUS Loans) will enter a repayment status at the point either (a) the student's enrollment drops below half-time in any given semester, (b) the student leaves school, or (c) the student graduates.
Deferment or forbearance options for federal loans may be available depending on the student's or parent's individual circumstances and the terms of the loan. To find out if you qualify, contact your service (the company handling your loan repayment). If you need contact information or if you are uncertain who currently holds your loans, you can obtain this information from the National Student Loan Data System** (NSLDS) or call the UIW Office of Financial Assistance for help.
**You will need your FAFSA PIN to log into the NSLDS site. If you have misplaced your PIN, you can obtain a duplicate PIN by going to http://www.pin.ed.gov.)
Students and parents who have private loans, regardless of source, should visit with their lender regarding specific repayment requirements; and additional options (such as deferment or forbearance) if payment cannot be made at the time it is due.
If you want to learn more about your options and rights, visit the Student Loan Borrower Assistance Site.
Loan Repayment Programs (LRP's) are programs sponsored by national, state and local governments, and some private organizations, where professionals (teachers, nurses, etc.) are recruited to practice in designated professional shortage areas. Participants may be provided with living stipends and funds to repay educational loans. Most contracts require a 2 to 4 year commitment, but individual program information should be consulted. Benefits may also include tax relief, scholarship opportunities and in the case of the military programs, enlistment as an officer in the Armed Forces.
- Air Force College Loan Repayment Program
- Army College Loan Repayment Program
- Doctoral Incentive Loan Repayment Program
- HRSA Nursing Education Loan Repayment Assistance
- Indian Health Service Loan Repayment Program
- Navy Student Loan Repayment Program
- NIH Loan Repayment Program
- Public Service Loan Forgiveness (and Other Federal Loan Repayment Information)
- Teach for Texas Loan Repayment Assistance
- Teacher Loan Forgiveness Program
- U.S. O.P.M. Student Loan Repayment Program (for federal agency employees)
