Student Loans
- Federal Stafford Student Loans
- Federal Parent and Graduate PLUS Loans
- Federal Perkins Loans
- Alternative Loans
Federal Stafford Student Loans
You must be enrolled at least 6 credit hours per term (semester) to qualify for a Federal Stafford Loan. Students borrowing Federal Stafford Loans must complete Entrance Loan Counseling and a Master Promissory Note with their selected lender prior to receiving their financial aid disbursement.
Contact Information for common UTC Stafford Loan Lenders - PLEASE NOTE: Students are encouraged to process Stafford Loans with any lender of their choosing.
More information on Stafford Loan Procedures
Federal Parent and Graduate PLUS Loans
Federal PLUS loans enable the parents of dependent undergraduate students, and independent graduate students, with good credit histories to borrow up to the student’s cost of attendance, less any other aid received.
Dependent undergraduate students are not required to complete the Free Application for Federal Student Aid (FAFSA) for their parent to apply for a Parent PLUS loan; a UTC-specific PLUS Information Form is required with or without submission of the FAFSA.
Independent graduate students must complete the FAFSA before applying for a PLUS loan. These students need not submit the PLUS Information Form.
Students must adhere to all UTC enrollment and Satisfactory Academic Progress standards in order to be eligible for PLUS loan proceeds.More Information on Plus Loan Procedures
Federal Perkins Loans
This federal loan program is awarded at UTC on a first come first served basis to undergraduate students with exceptional financial need. Complete the Free Application for Federal Student Aid (FAFSA) by February 15 before the upcoming Fall semester to meet UTC's April 1 priority deadline for this loan. All required financial aid documents must be on file in the UTC Financial Aid Office by April 1 to meet the priority deadline.
The annual undergraduate Perkins Loan limit is $4000, with an aggregate undergraduate limit of $20,000. The Perkins Loan has a fixed 5 percent interest rate and a maximum 10-year repayment period. Perkins Loan repayment begins nine months after the student graduates or drops below half-time enrollment. Interest accrues only during repayment periods.
Alternative Loans
When all other aid is expended or a student is otherwise not eligible for federal or state aid, a student may apply for an Alternative loan, or private loan. These loans are offered by various banks; a recommended lender list is provided through the link below. These loans require a borrower credit check, and often require a co-signor. Some lenders may accept a borrower that is enrolled less than half-time, is not making Satisfactory progress, or that is not a degree-seeking graduate student.
- Contact Information for Frequently-used UTC Alternative Loan Lenders - PLEASE NOTE: Students are encouraged to process Alternative Loans with any lender of their choosing.
