For many students, loans are an important part of a financing plan designed to help meet the cost of
a University of Hartford education. Repayment schedules allow families to spread the costs not met by
family resources or other forms of financial assistance over as many as 10 years.
The loans described below are backed by the federal government and insured through a state or
national guaranty agency.
Federal Stafford Loan
The Federal Stafford Loan is a low-interest education loan that must be repaid. As an undergraduate,
you may borrow according to the schedule below to an aggregate loan limit of $31,500:
- $3,500 for freshman year (0-23 credits)
- $4,500 for sophomore year (24-53 credits)
- $5,500 thereafter (54+ credits) per year
Federal Perkins Loan
The Federal Perkins Loan is awarded through the University of Hartford to students who have filed the
FAFSA and demonstrated financial need. Repayment of principal and interest begins nine months after a
student graduates, leaves school, or drops below 6 credit hours per term and may be repaid over a
period of 10 years. The current interest rate is 5%. Due to limited federal funding the University
is able to offer awards of $1,700 per year.
Federal PLUS Loan
Federal PLUS Loans provide parents of dependent undergraduates with additional funds for education
expenses. Creditworthy parents may borrow up to the cost of attendance minus any financial aid
awarded to each child who is a dependent undergraduate student and enrolled at least half time.
Supplemental Loan Programs
In addition to grants, scholarships and loans offered through the Office of Student Financial Assistance, some families are interested in learning more about supplemental loan programs for which they may qualify. Many lenders will offer loans for up to the full cost of attendance minus any financial assistance received. Click here for information regarding recommended loan programs.
