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College News

14th Annual Richard Grand Damages Argument Competition Award-Winners Announced Read more...

Posted: 04/21/2014

 

Conversations with Bob Mundheim Continues with John Cannon of Shearman & Sterling Read more...

Posted: 04/07/2014

 

Board of Regents Approves Reduction in Arizona Law Nonresident Tuition Read more...

Posted: 04/04/2014

 

Peter Mundheim & Brandon Becker Join Prof. Mundheim in the Conversation Series Read more...

Posted: 03/31/2014

 

Conversations with Bob Mundheim Start March 24, 2014 Read more...

Posted: 03/24/2014

 

Arizona Law Career Development Starts Interview Program in Phoenix Read more...

Posted: 03/14/2014

 

Arizona Law and Quarles & Brady Partner to Launch Intellectual Property & Entrepreneurship Clinic Read more...

Posted: 03/11/2014

 

UANews Features Prof. Anaya's Work as Teacher & International Human Rights Expert Read more...

Posted: 02/27/2014

 

Richard Grand Legal Writing Competition Rewards Excellence in Legal Writing Read more...

Posted: 02/17/2014

 

Prof Anaya Nominated for Nobel Peace Prize Read more...

Posted: 02/07/2014

 

Environmental Breakfast Club 2013 - 2014 Schedule Read more...

Posted: 09/11/2013

 

 

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Student Loans

Overview

Entrance Loan Counseling

If you are a first time borrower of Federal Stafford Loans OR previously borrowed Federal Stafford loans and paid them in full, OR if you are borrowing GradPlus loans (regardless of if you have previously borrowed GradPlus loans), you MUST complete an online Entrance Counseling Session before you can receive loan funds. 

 Loans

Loans borrowed through the Stafford unsubsidized loan program are not based upon need, but in combination with the other aid, cannot exceed the student's budget. Stafford unsubsidized loans accrue simple interest, which is capitalized onto the principal at the time of repayment.  The interest rate on this loan is a fixed 6.8%.  For more information on Stafford loans, visit https://financialaid.arizona.edu/loans/11-12/DirectLn/grad.

The amount borrowed through the Stafford unsubsidized program may not exceed $20,500 per year. 

If a balance remains after the federal loans and all other aid have been deducted from the budget, the student is eligible to apply for a Graduate Plus loan program to cover the remaining balance only. The Graduate Plus Loan is based upon personal credit history. The interest rate on this loan is a fixed 7.9%. For more information on GradPlus loans, visit https://financialaid.arizona.edu/loans/11-12/GraduatePlusDirect.

Exit Counseling

If you have borrowed federal funds, you MUST complete loan exit counseling prior to graduating, leaving school or going below half-time. Loan exit counseling will explain your rights and responsibilities as a borrower.  It will take approximately 30 minutes to complete.  Please note that you will need the PIN number you received from the Department of Education to begin your exit counseling (please see PIN web site if you forgot your pin).  Please visit the following site (click on Exit Counseling under Tools & Resources) to begin your exit counseling session:  https://studentloans.gov/myDirectLoan/index.action

Additional Resources

Public Service Loan Forgiveness and using income-based repayment plans:  www.IBRinfo.org

Loan Repayment Calculator:  http://www2.ed.gov/offices/OSFAP/DirectLoan/RepayCalc/dlentry1.html

Loan Consolidation:

Loan consolidation at a glance (.pdf file provided by Edfund)

Loan consolidation tips ( U.S. Department of Education

Loan Locator:

 If you don't know who services or holds your loans, use the free Loan Locator service of the Student Access Web site of the National Student Loan Data System.

 

 

Updated: 04/12/2012