You are not required to accept any loan.  You may borrow less than the amount offered.  Be sure to accept the total amount needed for the entire academic year (you will receive half in the fall and half in the spring).

When: Accept Loans in June-August (dependent on loan type)

Accepting Federal Perkins Loan
Perkins Loans are processed through the Bursar’s Office.  A Perkins Loan information packet and promissory note will be mailed to you in August.  To accept this loan, you should complete and return the promissory note to the Bursar’s Office.  For questions concerning the packet, contact Danielle Hunt at 520.626.8281.  If you wish to decline this loan, notify OSFA.

Accepting Nursing Loans
Nursing loans are processed through the Bursar’s Office.  A nursing loan information packet will be mailed to you in August.  To accept this loan, you should complete and return the promissory note to the Bursar’s Office.  For questions concerning the nursing loan packet, contact Danielle Hunt at 520.626.8281.  If you wish to decline this loan, notify OSFA.

 Accepting  Federal Stafford Subsidized Loan
Accepting Stafford Unsubsidized Loan

Accepting Graduate PLUS Loan

To accept these loans, you must complete the 3-step online process at   financialaid.arizona.edu/loans/.  Do not apply directly through your lender for these loans.

First time borrowers need to complete all three Steps.  Students who borrowed in the past, AND are using the same lender, only need to complete Step 1.  If you do not want the loan, no action is necessary.  OSFA does not need to be notified. The on-line application process will begin early July.  Please complete the three-step process at that time.  If you attempt to accept your loan before it is available, you will get a message stating “no information found.”

Accepting Federal Parent PLUS Loan
To accept this loan, parents must complete the 2-step PLUS online process at financialaid.arizona.edu/loans/.  Parents must submit the signed PLUS Request Confirmation Form to OSFA.  The PLUS Loan approval process cannot begin prior to June 1, 2007.  If you do not want the loan, no action is necessary.  OSFA does not need to be notified.

Denied Parent PLUS?
If the parent is denied a PLUS Loan, proof of denial must be provided to OSFA each academic year.  Once OSFA has received the confirmation of the PLUS loan denial from your UA Lender, additional Federal Stafford Unsubsidized Loan funds can be offered to the student.  Freshmen and Sophomore-level students can receive up to an additional $4,000.  Junior and Senior-level students can receive up to an additional $5,000.  The student will need to accept these funds by completing the Stafford Loan on-line process.

Accepting Private Education Loan
To apply for a Private Education Loan, refer to our list of electronic loan providers at financialaid.arizona.edu/loans/.  Complete your lender’s on-line application process.  Once completed, OSFA will receive notification that you applied for this loan from your lender.  OSFA will then electronically certify/approve the loan amount.

*By law, Federal Stafford Loan and PLUS Loan lenders are required to collect a 2% Origination Fee.  The guarantor is required to collect a 1% Federal Default Fee.  Applicable fees are deducted from each loan disbursement.