First Time Borrowers
Direct Loans
First-time Direct Loan borrowers must go to the Federal Student Loans Website to complete online entrance counseling. Direct Loan borrowers must also accept your loan award on ONE.UF. Under “Financial Aid” on the left-hand menu, choose “Awards and Disbursements” for the appropriate academic year. You may also cancel or reduce the amount of your loan.
When the loan is processed, go to the Federal Student Loans Website to either complete a Master Promissory Note (MPN) or to verify that one is already on file. Once classes have begun, Federal requirements have been completed, and UF has verified that the student is enrolled at least half-time, UF will disburse these funds to the borrower.
Institutional Loans
As a result of the Truth in Lending Act (TILA), students receiving institutional loans (loans for which UF is the guarantor), will now receive loan disclosure documentation before any money can be disbursed.
These disclosures clearly spell out the terms, conditions, and overall cost of each loan the student is accepting.
Each institutional loan has its own disclosure document. Students receiving institutional loans are required to read, sign, and submit the disclosures to SFA and to University Bursar prior to disbursement of the loan funds.
Loan disclosure documentation can be found on the SFA Forms page, in the “Loans” section.
Perkins Loans
Under federal law, the Perkins loan program ended and are no longer available to students.
For more information for students who already received Perkins Loans, contact the University Bursar in S-113 Criser Hall, (352) 392-0738.