Home
 
Costs
Policies & Procedures
Types of Financial Aid
Deadlines
Contact Us
Resources
Parents
On-Line Entrance Counseling
Forms
 Lenders
 
 

SUPPLEMENTAL LOAN OPTIONS

For students and parents seeking educational loan options, please review the loan chart below. This chart will help you with an overview of available student or parent loans. More information about any of these loans is available through the websites listed. Please use the chart as a guideline when researching supplemental loan options. The University of Hartford Financial Aid Office strongly encourages students to first borrow through the federal financial aid programs before seeking supplemental loan options. Please visit the Federal Family Education Loan Programs site for information on available programs. We will certify each student or parent loan upon receipt from the lender. All inquiries and applications should be directed to the lender.

Review this chart carefully. Remember these are loans, which must be repaid. The loans listed will address various academic and financial circumstances. All of these loans are pending a credit check of borrower and co-borrower that will be performed by the lender. The Federal PLUS and CTFELP Loan are fixed rate loans while the other loans base their rates on Prime and the Libor. Current rates can be found on www.moneycafe.com. The CTFELP loan rate is based on bond issues within the state of Connecticut and is available to students from Connecticut or those who attend a school in Connecticut. If a parent is denied a PLUS loan, a student may become eligible for an additional Unsubsidized Federal Stafford Loan.

Our guarantor and loan disbursement agency is American Student Assistance (ASA) for the Federal Family Education Loan Program. The University highly recommends using one of our preferred lenders with ASA. Loans processed through these lenders are handled electronically and are more efficient and faster to track and disburse. If you would like to chose a different lender please contact the lender to obtain an application. Detailed information regarding the lenders the University of Hartford recomends if available by visiting the Federal Family Education Loan Progam site.
SUPPLEMENTAL
LOANS
Federal PLUS
ASA
P.O. Box 55152
Boston, MA 02205
CT FELP
CHESLA Firstmark Services
P.O. Box 25410
Woodbury, MN 55125

Nelnet
P. O. Box 17556 Portland, ME 04112

CitiAssist
Citibank
P.O. Box 6074
Sioux Falls,SD 57119
Key Alternative
c/o KeyBank N.A. P. O. Box 55701
Boston, MA 02111

Wachovia
P. O. Box 13667
Sacramento, CA 95853
Web Site
Phone Number
800 999-9080
888 538-7378
866 866-7372
800 967-2400
800 539-5363
877 689-0763
Fax Number
617 728-4680
651 265-7790
800 931-2200
800 723-2777
614 7553-7403
866 565-4592
Rate
8.5% fixed
Set by bond issue
fixed (current rate 6.99%)
Calcuted by credit -Prime minus 1% to Prime plus 2%
Calculated by credit - Prime minus .50% to Prime plus 4%
variable quarterly
3 Month Libor + 3.30 w/ co-borrower or Libor + 3.85 borrower only
Calculated by credit Prime minus .50% to Prime + 5%, variable quarterly
Fees
3% at disbursement
3% at disbursement
None
None
None
None
Loan Amount
Available
from $100 to cost of attendance minus financial aid (graduate students must borrow Stafford loan first)
From $2000 to cost of attendance minus financial aid
From $1000 to cost of attendance minus financial aid
No minimum to cost of attendance minus financial aid
From $500 to cost of attendance minus financial aid
From $500 to cost of attendance minus financial aid
Academic Requirements
Matriculated, satisfactory academic progress, attending at least 1/2 time
Matriculated, satisfactory academic progress, attending at least 1/2 time
No academic restrictions
No academic restrictions - promissory note is good for multiple years
Matriculated, enrolled at least 1/2 time
Enrolled at least 1/2 time
Financial
Requirements
Co-borrower not necessary if credit worthy
Need co-borrower if your income is <$20,000
Co-borrower not necessary if credit worthy
Need co-borrower if your income is <$18,000
Credit worthy
Co-borrower encouraged for better rates
Prior Year Educational Balance
No
1 year - must be attending the University
1 year-no attendance required or up to 3 years must be attending at least 1/2 time
1 year - no attendance required
Up to 60 days - No attendance required
Up to 3 years with no attendance required
Repayment
10 Years (graduate students may apply for an in-school deferment with their lender)
11.5 years
pays interest in school begins 6 months after leaving school
20 to 25 years depending on amount borrowed, capitalized once
Up to 20 years can defer both interest and principle, capitalized once
Up to 20 years can defer principle and interest
20 years, can defer up to 10 years in grad school also capitalized once
Grace
Period
60 days after final disbursement
6 months after leaving school
6 months after graduation, or drop below 1/2 time
6 months after leaving school
6 months after graduation, or drop below 1/2 time
6 months after graduation, or drop below 1/2 time
Aggregate
Cost of attendance minus financial aid yearly
Combined total undergraduate and graduate $125,000
Cost of attendance minus financial aid
undergraduate $120,000
graduate $150,000
Undergrad and graduate aggregate $125,000
Cost of attendance minus financial aid

<< return to top
1