Important Student
Loan Web Sites
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WHAT'S NEW? |
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UAS SERVICES & PRODUCTS
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Electronic Signatures |
UAS offers a complete process, from notice of award to electronic signature. Satisfies requirements for entrance counseling and annual disclosures.
Available for all campus-based loans, including the Perkins Master Promissory Note and notes for Nursing, Health Profession/PCL/LDS, and institutional loan programs.
Only UAS offers a choice of 3 authentication methods (FAFSA PIN, school-assigned PIN, UAS-generated PIN).
All information is presented automatically without the borrower keying in any loan data or amounts.
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Electronic Entrance/Exit Counseling |
All regulatory, monetary, and disclosure information presented automatically to borrower.
Contact and reference information automatically transferred to UAS system.
I-manager site allows institution personnel to monitor completions.
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STUDENT LOAN REGULATIONS, RULES & POLICIES
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New Military
Deferment |
Effective 11/01/07 a Perkins loan borrower may be eligible for military deferment. Borrowers must be US Armed Forces Reservists or National Guard members called to active duty, or regular military personnel assigned to duty stations other than their usual duty stations, due to war, military operation, or national emergency.
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Military Waivers |
(Go to www.ifap.ed.gov/fregisters/fr12122003.html for full information.)
Borrowers who are in school, in a grace period, or receiving student or graduate fellowship deferment when called to active military/national guard duty must be maintained in that status, including up to 13 months to return to school.
A period during which a borrower is on active military or National Guard duty, plus a 3-month transition period, is not considered an interruption in the service/ employment required for various cancellations.
This period of non-interruption also applies to borrowers trying to reinstate Title IV eligibility and/or rehabilitate their loans.
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Assignments |
Effective July 1, 2008 the Secretary of Education requires assignment of a loan if:
- The loan has a balance of more than $100
- The loan is more than 7 years past due
- No payment has been posted to the account in the past 12 months unless no payment was due because the period was covered by deferment or forbearance.
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