Educational Loans

U.S. Department of Education to Begin Federal Student Loan Collections May 5. Struggling Borrowers Urged to Act Now.

Federal Student Aid (FSA) will resume collections of defaulted federal student loans on Monday, May 5th. The Department has not collected on defaulted loans since March 2020. This initiative will be paired with a comprehensive communications and outreach campaign to ensure borrowers understand how to return to repayment or get out of default. Borrowers should pay attention to communications sent from Federal Student Aid and their federal loan servicer which can be found through . For more information and how to seek assistance, please view the U.S. Department of Education’s recent .

There are several types of loans available to assist students, whether you are a dependent, independent, undergraduate, or graduate student. There are also loans to help parents of dependent students with paying for college. Refer to your specific Cost of Attendance (COA) to determine the maximum amount of loan funds you may borrow for the year. Your total financial aid including student and parent loans cannot exceed your COA.

Loan proceeds will be credited directly to your UE student account at the beginning of each semester along with your other financial aid. After your University charges for tuition, mandatory fees, and room and meal plan (if on campus) have been satisfied, any amount remaining as a credit on the account will be refunded to you each semester.

Related Links

  •  - Access resources (scholarships, grants, loan repayment) offered by the U.S. Dept. of Health and Human Services
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