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:
- UF Long-Term Loans
- UF Short-Term Loans
- Alternative Loans
- Alternative Loans for Non-Degree Seeking Learners in Non-Credit Programs
Direct Loans
The Federal Direct Loan Program consists of the following types of loans:
- Federal Direct Subsidized Stafford Loan
- Federal Direct Unsubsidized Stafford Loan
- Federal Direct Grad PLUS Loan
- Federal Direct Parent PLUS Loan
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 7/1/23 to 7/1/24 | Interest Rate (disbursed from 7/1/24 to 7/1/25 | Origination Fee (disbursed from 10/1/21 to 9/30/23) | Repayment | Co-Signer or Endorser Needed? |
|---|---|---|---|---|---|
| Subsidized Loan | 5.50% Fixed | 6.53% Fixed | 1.057% | Begins 6 months after you graduate or enroll for less than half time | No |
| Unsubsidized Loan | 5.50% Fixed for undergraduates 7.05% Fixed for graduates | 6.53% Fixed for undergraduates 8.08% Fixed for graduates | 1.057% | Begins 6 months after you graduate or enroll for less than half time | No |
| Parent PLUS Loan | 8.05% Fixed | 9.08% Fixed | 4.228% | Begins with 60 days of disbursement of loan funds | Dependent upon credit decision |
| Graduate PLUS Loan | 8.05% Fixed | 9.08% Fixed | 4.228% | 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 |
Studentaid.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
A number of repayment plans are available under the Direct Loan Program. More Loan Repayment information is available.
Returning Disbursed Federal Loans
If you wish to return all or part of your disbursed federal direct loan, please contact the UF financial aid office (SFA) for processing instructions. Payments made directly to the federal servicer while the student is in a deferment status can result in repayment charge issues with the University of Florida.
For more information on loan refusals and cancellations, please visit the UF Bursar’s website.