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University Trust Fund Loan

Undergraduates that are enrolled full time may may be offered a University Trust Fund Loan (UTFL) for an amount up to $4,000 per academic year.

Graduate students that are enrolled full time may be offered a UTFL for an amount up to $6,000 per academic year.

The current annual interest rate varies and may be as high as 7%. Some UTFLs begin to accrue interest while you attend the University, while others begin to accrue interest after you graduate or leave the University. If you are charged interest while attending the University, that interest rate may change after you graduate or leave the University.

If you accept a UTFL, you will be required to complete and review three separate disclosures at various points throughout the application process:

  • the Private Education Loan Applicant Self-Certification, 
  • a promissory note, and 
  • a loan disclosure form with three personal references.

Because the U.S. Department of Education considers the UTFL a private loan, the rules of the Truth In Lending Act govern the application process for this loan. As a result, all three disclosures must be completed prior to any UTFL funds being disbursed.

When you accept a UTFL, you will be sent an email directing you to complete your promissory note and loan disclosure form online.