The Loans below are federal programs that utilize campus-based funds. Students who utilize these loan programs are borrowing from UIC and will make repayment to the university.
Federal Nursing Student Loan (NSL) Heading link
- Available to nursing students with financial need.
- Students must enroll in at least 6 credit hours (5 or more for the Graduate College).
- All students who submit a FAFSA are considered, but funding is limited and awarded on a first come, first serve basis.
- The fixed interest rate for this loan is 5% with no origination fees.
- NSL is subsidized, so no interest accrues until students begin repayment or during authorized periods of deferment.
- Repayment begins after a one-time, 9-month grace period.
Health Professions Student Loan (HPSL) Heading link
- Available to Dentistry or Pharmacy students with financial need.
- Applicants must provide parent information on the FAFSA, which helps determine eligibility.
- Students must enroll full-time hours to be eligible.
- The fixed interest rate for this loan is 5% with no origination fees.
- HPSL is subsidized, so no interest accrues until students begin repayment or during authorized periods of deferment.
- Repayment begins after a one-time, 12-month grace period.
- Funding is limited and awarded after the application deadline.
You can find the HPSL application in the FORMS section of our website, click HERE.
The annual deadline for the upcoming aid year is July 1, without exception.
University Long Term Loan (ULT) Heading link
- The fixed interest rate for this loan is 5% with no origination fees.
- ULT is subsidized, so no interest accrues until students begin repayment or during authorized periods of deferment.
- Repayment begins after a one-time, 6-month grace period.
Campus-Based Loan Requirements: Heading link
Promissory Note
Each year, borrowers must sign a Promissory Note agreeing to make repayment with interest. Students will receive an email with instructions within 48 – 72 hours after loan acceptance. After receiving instructions students can sign-in and complete the Promissory Note here.
Truth in Lending Act Disclosures (TILA)
Students applying for HPSL or NSL must provide additional information prior to loan processing. Students may be prompted to provide information when completing the promissory note or by email request. The University must provide disclosures prior to disbursement.