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Anschutz Medical Campus

University of Colorado Denver
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Student Loans


 

 Student Loans

 

There are a few student loan options available, some of which you must qualify to receive. Learn more about the loan options available at CU Anschutz, with links to the lenders for more information.

Is there a difference between Federal Student Loans and Private Educational Loans? What are the differences? Check out Federal Versus Private Loans.



 

 Federal, Alternative & Short-Term Loans

 

 Federal Direct Loan

A Federal Direct Loan may be subsidized (for undergraduate students only) or unsubsidized depending on your need as determined by information on your FAFSA. The federal government will subsidize (pay) the interest on subsidized loans while you remain enrolled at least half-time, for the first 6 months after you graduate or leave school, and any periods of approved deferment. Interest on unsubsidized loans will start accruing at the time of each disbursement.

For information on the Federal Direct Loan program, please refer to Direct Loan Basics for Students.


Eligibility

As the borrower, you:

  • Must be enrolled at least half-time in an eligible undergraduate, graduate or professional degree or certificate program
  • Cannot be in default on any federal student loan or owe a refund on a federal student grant
  • Must have a valid social security number
  • Must be a U.S. citizen or eligible non-citizen (see studentaid.ed.gov's Basic Eligibility Criteria)
  • Male student must be registered with th​e Selective Service, if required. You can check requirements at SSS.gov
  • Continuing students must meet the CU Anschutz Satisfactory Academic Progress (SAP) standards
  • Must not have drug-related offenses

Features

  • The Direct Subsidized and Unsubsidized Loans can be consolidated with other federal loans
  • You have a single contact for everything from application to repayment
  • Flexible repayment options
  • There are no pre-payment penalties
  • The maximum loan amount is the cost of attendance or budget minus any other financial aid received
  • Fixed interest rates
  • Origination Fee

  • Loan Limits

    Dependent Undergraduate Student ​Subsidized Limit ​Total Limit (includes Unsubsidized Loan)
    ​First Year (Freshman) ​up to $3,500 ​$5,500
    ​Second Year (Sophomore) ​up to $4,500 ​​$6,500
    ​​Third and Fourth Years (Junior & Senior) up to $5,500 ​$7,500
    LIFETIME LIMIT: ​​up to $23,000 ​$31,000
    Independent Undergraduate Student ​Subsidized Limit ​Total Limit (includes Unsubsidized Loan)
    ​First Year (Freshman) ​up to $3,500 ​$9,500
    ​Second Year (Sophomore) ​up to $4,500 ​​$10,500
    ​Third and Fourth Year (Junior & Senior) ​up to $5,500 ​$12,500
    LIFETIME LIMIT: ​up to $23,000 ​$57,500

     

    Graduate Student               Unsubsidized Limit                              Total Limit
    Graduate Student               up to $20,500                  $20,500
    LIFETIME LIMIT:                  $138,500

     

    Please Note: Loan limits are set by the U.S. Legislature. The amount of financial aid you are awarded cannot exceed your cost of attendance. Your loan eligibility may be reduced upon receipt of other resources (i.e., scholarship, tuition waiver, 3rd party payment, etc.).


    Federal Loan Servicer

    Your loan account will be assigned to one of the Federal Loan Servicers. A loan servicer is a company that handles the billing and other services on your federal student loan. The loan servicer will work with you on repayment plans and loan consolidation and will assist you with other tasks related to your federal student loan.

    Don't know your Servicer? After your first loan is processed, your Servicer will mail you a disclosure statement that includes their contact information. You can also find their contact information at NSLDS.ed.gov. Log in using your FSA ID.

    It is important to maintain contact with your loan servicer, so register for FREE at your Servicer's web site to access your account. If your circumstances change at any time during your repayment period, your loan servicer will be able to help.​​​​​


    Repayment

    • Repayment is deferred while you’re in school. Interest will continue to accrue on the unsubsidized loan even if you are granted a deferment on the loan
    • 6-month grace period before repayment begins
    • You may prepay your loans in full at any time or pay more than the monthly repayment amount without penalty
    • Check your account online at your Servicer's web site for detailed repayment information and deferment or forbearance, and consolidation options. Your Servicer's statement will also have their contact information and web address or go to NSLDS.ed.gov to find your Servicer's information.
    • Use the Federal Student Aid Loan Repayment Estimator to explore your loan repayment options.
    • More information is available on Student Aid on the web under How to Repay Your Loans.

    A Federal Direct Consolidation Loan allows you to consolidate (combine) multiple federal education loans into one loan. The result is a single monthly payment instead of multiple payments. Most students already have all of their loans under one Federal Loan Servicer, which makes loan repayment simple and easy. However, some students may have more than one Servicer. If you have more than one Servicer, you may want to consider loan consolidation.

    Visit the Direct Consolidation Loan page for more information and instructions on how to consolidate your federal student loans.​​​​​​​​

​​​​1

 Federal Graduate PLUS Loan

The Federal Graduate PLUS loan is a federal loan that graduate or professional degree students can use to help pay education expenses. The U.S. Department of Education makes Direct PLUS Loans to eligible borrowers through CU Anschutz's participation in the Federal Direct Loan Program. More information about the Federal Graduate PLUS Loan can be found on the U.S. Department of Education's PLUS Loans page.


Eligibility

To be eligible for the Federal Graduate PLUS Loan, you:

  • Must be enrolled at least half-time in an eligible graduate degree program
  • Must submit a Free Application of Federal Student Aid (FAFSA) to determine your eligibility.
  • Must be a U.S. citizen or eligible non-citizen (see studentaid.ed.gov's Basic Eligibility Criteria)
  • Male student must be registered with th​e Selective Service, if required. You can check requirements at SSS.gov
  • Continuing students must meet the CU Denver Satisfactory Academic Progress (SAP) standards
  • Must not have an adverse credit history. A credit check will be performed during the application process. Examples of adverse credit include:
    • Bankruptcy
    • Delinquent debt of 90 days or more
    • Foreclosure
    • Loan default
    • Repossession
    • Tax Lien
    • Wage Garnishment
    • Write-off of Title IV federal loan debt within preceding 5 years of PLUS Loan application

Features

  • The Direct Graduate PLUS Loan can be consolidated with other federal loans
  • A single contact for everything from application to repayment
  • Flexible repayment options
  • There are no pre-payment penalties
  • The maximum loan amount is the cost of attendance or budget minus any other financial aid received
  • Fixed interest rates
  • Origination​ Fee

  • Requirements

    New borrowers must complete the Entrance Counseling and Master Promissory Note (MPN). The loan will not pay until these requirements are completed.

    Credit Check: Direct Loan Servicing will run a credit check and notify the student borrower of the results. Adverse credit history* such as bankruptcy, foreclosure, tax lien and default on loan payments may be considered. If your credit check is not approved, please contact Direct Loan Applicant Services at (800) 557-7394 to discuss available options, which usually include:

    • Obtain an endorser (co-signer)
    • Appeal the credit decision
    • Decline the Direct PLUS Loan (please notify the Financial Aid & Scholarships Office)
    • Undecided

    *The October 23, 2014 regulations provide that a PLUS loan applicant has an adverse credit history if, in addition to other conditions (e.g., bankruptcy, foreclosure, tax lien, or a default determination), the applicant has one or more debts that are 90 or more days delinquent or that are in collection or have been charged off during the two years preceding the date of the applicant’s credit report, but only if the total combined outstanding balance of those debts is greater than $2,085. Thus, absent any other adverse credit history finding a PLUS Loan applicant whose credit check shows that the total of any debts that are 90 or more days delinquent or that have been placed in collection or charged off is $2,085 or less will not be considered to have adverse credit and therefore, will be eligible for a PLUS Loan.

    Beginning on March 29, 2015, a new regulatory provision requires special loan counseling for any PLUS Loan applicant who has an adverse credit history, but who qualifies for a PLUS Loan through the process for reconsideration due to extenuating circumstances or by obtaining an endorser for the loan. While the counseling is mandatory only for these borrowers, the U.S. Department of Education will offer voluntary counseling for all PLUS Loan borrowers. [see U.S. Dept. of Ed. regulation CFR 685.304(a)(2)]


    Loan Disbursement

    PLUS Loan funds will first be applied to the student borrower's CU Anschutz account to pay tuition, fees and other institutional charges. Any remaining funds will be refunded to the student borrower by the Bursar's Office.


    Federal Loan Servicer

    The loan account will be assigned to one of the Federal Loan Servicers. A loan servicer is a company that handles the billing and other services on your federal student loan. The loan servicer will work with the student borrower on repayment plans and loan consolidation, and will assist the student borrower with other tasks related to the Federal Graduate PLUS Loan.

    Don't know your Servicer? After your first loan is processed, your Servicer will mail you a disclosure statement that includes their contact information. You can also find their contact information at NSLDS.ed.gov. Log in using your FSA ID.

    It is important to maintain contact with the loan servicer, so register for FREE on the Servicer's web site to access the account. If circumstances change at any time during the repayment period, the loan servicer will be able to help.


    Repayment

    • Repayment is deferred while your student is at least half-time enrolled and for six months after graduation or dropping below half-time enrollment
    • There are no pre-payment penalties
    • About 4-6 weeks after the first disbursement of the loan, the Federal Loan Servicer will mail a disclosure statement that will include their contact information and web address or go to NSLDS.ed.gov to find the Servicer's contact information
    • Use the Federal Student Aid Loan Repayment Estimator to explore your loan repayment options.
    • More information is available on Student Aid on the web under How to Repay Your Loans.

    A Direct Consolidation Loan allows you to consolidate (combine) multiple federal education loans into one loan. The result is a single monthly payment instead of multiple payments. Most students already have all of their loans under one Federal Loan Servicer, which makes loan repayment simple and easy. However, some students may have more than one Servicer. If the student borrower has more than one Servicer, loan consolidation may be helpful.

    Visit the Direct Consolidation Loan page for more information and instructions on how to consolidate federal student loans.​​​

​​​​​​​​​​​​​​2

 Federal Parent PLUS Loan

The Federal Parent PLUS loan is a federal loan that parents of dependent undergraduate students can use to help pay education expenses. The U.S. Department of Education makes PLUS Loans to eligible borrowers through the CU Anschutz's participation in the Federal Direct Loan Program. More information about the Federal Parent PLUS Loan can be found on the U.S. Department of Education's PLUS Loans page.

 

Eligibility

Eligible students:

Eligible parents:

  • Must be the student’s biological, adoptive, or step parent
  • Must be a U.S. citizen or eligible non-citizen
  • Must have a valid social security number
  • Must not be in default on any federal student loan or owe a refund on a federal student grant
  • Must not have an adverse credit history. A credit check will be performed during the application process. Examples of adverse credit include:
    • Bankruptcy
    • Delinquent debt of 90 days or more
    • Foreclosure
    • Loan default
    • Repossession
    • Tax Lien
    • Wage Garnishment
    • Write-off of Title IV federal loan debt within preceding 5 years of PLUS Loan application

 

Features

  • The Parent PLUS Loan can be consolidated with the parent borrower's other federal loans
  • A single contact for everything from application to repayment
  • Flexible repayment options
  • There are no pre-payment penalties
  • The maximum loan amount is the cost of attendance or budget minus any other financial aid received
  • Fixed interest rates
  • Origination​ Fee
  •  

    Requirements

    New parent borrowers must complete the PLUS Application and Master Promissory Note (MPN). The loan will not pay until these requirements are completed.

    Credit Check: Direct Loan Servicing will run a credit check and notify the parent borrower of the results. Adverse credit history* such as bankruptcy, foreclosure, tax lien and default on loan payments will be considered. If the credit check is not approved, the parent borrower should contact Direct Loan Applicant Services at (800) 557-7394 to discuss available options, which generally include:

    • Obtain an endorser (co-signer)
    • Appeal the credit decision
    • Decline the Direct PLUS Loan (please notify the Financial Aid & Scholarships Office)
    • Undecided

    *The October 23, 2014 regulations provide that a PLUS Loan applicant has an adverse credit history if, in addition to other conditions (e.g., bankruptcy, foreclosure, tax lien, or a default determination), the applicant has one or more debts that are 90 or more days delinquent or that are in collection or have been charged off during the two years preceding the date of the applicant’s credit report, but only if the total combined outstanding balance of those debts is greater than $2,085. Thus, absent any other adverse credit history finding a PLUS Loan applicant whose credit check shows that the total of any debts that are 90 or more days delinquent or that have been placed in collection or charged off is $2,085 or less will not be considered to have adverse credit and therefore, will be eligible for a PLUS Loan.

    Beginning on March 29, 2015, a new regulatory provision requires special loan counseling for any PLUS Loan applicant who has an adverse credit history, but who qualifies for a PLUS Loan through the process for reconsideration due to extenuating circumstances or by obtaining an endorser for the loan. While the counseling is mandatory only for these borrowers, the U.S. Department of Education will offer voluntary counseling for all PLUS Loan borrowers. [see U.S. Dept. of Ed. regulation CFR 685.304(a)(2)]

     

    Loan Disbursement

    PLUS Loan funds will first be applied to the student's CU Anschutz account to pay tuition, fees and other institutional charges. Any remaining funds will be refunded to the parent borrower or the student by the Bursar's Office based on the choice that the parent borrower selected on the PLUS Application form.

     


    Request for Increase to Parent PLUS Loan

    Click here for the instructions.


    Federal Loan Servicer

    The loan account will be assigned to one of the Federal Loan Servicers. A loan servicer is a company that handles the billing and other services on your federal student loan. The loan servicer will work with you on repayment plans and loan consolidation and will assist you with other tasks related to your federal student loan.

    Don't know your Servicer? After your first loan is processed, your Servicer will mail you a disclosure statement that includes their contact information. You can also find their contact information at NSLDS.ed.gov. Log in using your FSA ID.

    It is important to maintain contact with the loan servicer, so register for FREE on the Servicer's web site to access the loan account. If circumstances change at any time during the repayment period, the loan servicer will be able to help.

     

    Repayment

    • On the PLUS Application, the parent borrower, can "opt" to defer repayment while the student is at least half-time enrolled. Otherwise, the loan enters repayment once it is fully disbursed (paid out). Interest will continue to accrue whether or not the loan is granted a deferment/forbearance on the loan
    • There are no pre-payment penalties
    • About 4-6 weeks after the first disbursement of PLUS loan, the Federal Loan Servicer will mail a disclosure statement that will include their contact information and web address or go to NSLDS.ed.gov to find your Servicer's contact information
    • Use the Federal Student Aid Loan Repayment Estimator to explore loan repayment options.
    • More information is available on Student Aid on the web under How to Repay Your Loans.

    Federal Loan Consolidation

    A Direct Consolidation Loan allows the parent borrower to consolidate (combine) multiple federal education loans into one loan. The result is a single monthly payment instead of multiple payments. Most borrowers already have all of their loans under one Federal Loan Servicer, which makes loan repayment simple and easy. However, some parent borrowers may have more than one Servicer. If the parent borrower has more than one Servicer, he/she may want to consider loan consolidation. In addition, if the parent borrower is considering a loan forgiveness program, loan consolidation may be necessary.

    Visit the Direct Consolidation Loan page for more information and instructions on how to consolidate federal student loans.​​​​​​​​​​​

​​​​​​​​​​​​​​3

 Alternative (private) Student Loan

An alternative student loan, or private educational loan, is a credit-based supplemental loan made by private lenders to help “fill the gap” between your Cost of Attendance (COA) and what the Financial Aid & Scholarships Office can award. Alternative student loans are not considered a federal loan so the interest could be higher and variable. Some lenders do offer a fixed interest rate product. The interest rate will be based on the borrower's credit. Students may be required to apply with a co-borrower.

Although this is a “private” student loan, lenders require the Financial Aid & Scholarships Office to certify the loan so that the student does not borrow more than their COA. The Financial Aid & Scholarships Office can help you determine your eligibility for an alternative student loan.​


Process

Cost of Attendance - Federal Student Aid Package = Alternative Loan Limit

Eligible students should apply for federal student aid before applying for an alternative student loan. Once your aid amount is determined, subtract that from your estimated COA to determine the difference between the two to make up with an alternative loan. We highly recommend you only borrow what you actually need to bridge this gap.


Credit Check

students and co-borrowers must meet the lender’s established minimum credit criteria. Lenders may consider a number of factors when determining loan eligibility such as credit-worthiness and debt-to-income ratio. Students and co-borrowers are encouraged to obtain a free copy of their credit report annually from AnnualCreditReport.com.


Evaluating and Selecting a Lender

If you make good choices right from the start in selecting the lender, the whole process will go more smoothly, from application to that final payment. You'll want to compare the following aspects of lender services when deciding which lender to choose:

Interest rates, fees and terms

  • How is your interest rate calculated?
  • Can I get a better interest rate by applying with a co-signer?
  • Are there any additional fees for this loan?
  • What are the terms of the loan?

Customer service

  • Can you reach a live operator quickly to check on the status of your loan during hours convenient for you?
  • Can you set up an online account and will it show you current information and timely updates?

Loan application processes

  • Can you apply online?
  • Is instant loan approval offered?

Repaying your loan

  • How soon do I have to start repaying the loan after graduation or dropping below half-time status?
  • Does the lender offer deferment or forbearance options while I’m in school and after graduation?

Early payment

  • Are there any penalties for paying off the loan early?

Repayment plans

  • What repayment plans and options are available?

Repayment incentives

  • What incentives does the lender offer for borrowers who pay on time or make loan payments electronically?

If you are seeking an alternative student loan you will initiate the process by contacting the lender of your choice (apply using school code 004508-00). Please notify the Financial Aid & Scholarships Office that you have applied for an alternative student loan and the lender you selected. The lender will submit a school certification request to the Financial Aid & Scholarships Office.

Once the Financial Aid & Scholarships Office processes the certification request, your lender will notify you of the total amount certified with the amount and date of each disbursement (disclosure statement). Funds will be sent to the University to pay your tuition bill first. Any remaining funds will be sent to you by the Bursar's Office via direct deposit or mail.​​


Loan Consolidation

Alternative Student Loans from various lenders can be consolidated to create one monthly payment. However, these loans cannot be consolidated into a Federal Loan Consolidation. Contact your lender for more information on consolidating your various alternative student loans.​ The best strategy is to borrow from the same lender.​​​

​​4

 Short-Term Loan

Short-term loans are available to eligible students experiencing an unexpected financial emergency. Loan applications are subject to approval and may be denied where loan repayment is in question, the circumstances do not appear urgent or emergency-related, or the applicant appears to be over-reliant on the emergency loan program in lieu of managing a budget. Loans are generally due in 30 days.

HOW TO APPLY

You must meet with an advisor in the Financial Aid & Scholarships Office to complete the Short-Term Loan Program Acknowledgement Statement and the Short-Term Loan Application and Promissory Note. The maximum loan amount is $500. Exceptions must be approved by an Assistant Director or higher.

You must provide an acceptable photo ID (e.g. CU Anschutz ID, state-issued photo ID, military ID, passport). The Bursar’s Office will issue a check for the short-term loan amount, usually during the same visit.

DATES OF AVAILABILITY

  • Continuing students: Short-term loans are available no earlier than one week before classes start each semester.
  • New students: Short-term loans are available no earlier than the first day of classes during your first semester at the CU Anschutz Medical Campus.

ELIGIBILITY REQUIREMENTS

  • Must be at least 18 years old.
  • Must be enrolled at least half-time in an eligible undergraduate, graduate or professional degree or certificate program. Minimum half-time is defined as:
    • 6 hours for undergraduates; 3 hours for graduate; and 5 hours for professional students.
    • 1 thesis or dissertation hour is considered full-time.
  • Must have submitted the Free Application for Federal Student Aid (FAFSA).
  • Must be meeting Satisfactory Academic Progress (SAP) standards.
  • Must have tuition charges paid in full or have anticipated financial assistance that will not be available for at least one week.
  • Must not have a history of delinquent short-term loans or other outstanding debt to the university.
  • Must not have borrowed a short-term loan for the same semester.
  • Must not be employed by the university (except work-study employees and student hourly employees).
  • Must have a verifiable source of income through Veteran Benefit educational programs (if applicable).

LOAN TERMS

  • Garman Short-Term Loans are interest free for 30 days. A late payment service charge of 1.75% per month will be assessed on all loan amounts not paid by the due date.
  • An administrative fee of $10 is assessed for each short-term loan. This fee is automatically added to the loan balance and is repaid when the loan is repaid.
  • The maximum loan amount is $500. Exceptions must be approved by an Assistant Director or higher.

REPAYMENT TERMS AND PAYMENT OPTIONS

  • The principal loan amount and administrative fee are billed through your student account and are due 30 days from the application date of the loan.
  • Financial aid awards, loans, or other credits to your student account may result in the loan balance being paid before the due date.
  • Borrowers are responsible for repayment whether or not they receive a bill.
  • Borrowers must give the university permission to use their financial aid funds to pay charges other than tuition and fees. To grant permission, go to UCDAccess and click the following: Student Center > Account Inquiry > Account Services > Student Permission.

DEFAULT POLICY

Failure to repay this loan when due may result in any or all of the following:

  • A late payment service charge of 1.75% per month will be assessed for all loan amounts not paid by the due date.
  • Disenrollment from the university, denial of registration, scheduling, transcripts, and issuance of diploma; possible referral to a collection agency; possible suit for payment.
  • Refunds of financial aid funds or other monies awarded or due you from the university may be used to repay the short-term loan.
  • In the ev
5

 Residency & Relocation Loans

Residency and Relocation Loans are referred to as private (or alternative) loans; they are not federal student loans. Borrowing this type of loan is strictly between you (the borrower) and the lender. The Financial Aid & Scholarships Office does not certify your eligibility for this loan; however, they may be asked to confirm your enrollment status.

The fees and interest rate you pay will be based on your credit-worthiness, or the creditworthiness of you and your co-signer.

Be discriminating when you choose these loans and compare all information before making a final decision to borrow. It’s important to know what you’re getting into – remember this is money that you will have to pay back, and typically, private loans may cost you more than other loans.

Evaluate the Following:

  • interest rates
  • maximum loan amount
  • processing time
  • disbursement dates
  • postponement of payment options
  • length of loan repayment
  • terms and conditions of the loan

Credit Check

Students and co-borrowers must meet the lender’s established minimum credit criteria. Lenders may consider a number of factors when determining loan eligibility such as credit-worthiness and debt-to-income ratio. Students and co-borrowers are encouraged to obtain a free copy of their credit report annually from tudents and co-borrowers must meet the lender’s established minimum credit criteria. Lenders may consider a number of factors when determining loan eligibility such as credit-worthiness and debt-to-income ratio. Students and co-borrowers are encouraged to obtain a free copy of their credit report annually from AnnualCreditReport.com.


Evaluating and Selecting a Lender

If you make good choices right from the start in selecting the lender, the whole process will go more smoothly, from application to that final payment. You'll want to compare the following aspects of lender services when deciding which lender to choose:

Interest rates, fees and terms

  • How is your interest rate calculated?
  • Can I get a better interest rate by applying with a co-signer?
  • Are there any additional fees for this loan?
  • What are the terms of the loan?

Customer service

  • Can you reach a live representative quickly to check on the status of your loan during hours convenient for you?
  • Can you set up an online account and will it show you current information and timely updates?

Loan application processes

  • Can you apply online?
  • Is instant loan approval offered?

Repaying your loan

  • How soon do I have to start repaying the loan after graduation or dropping below half-time status?
  • Does the lender offer deferment or forbearance options while I’m in school and after graduation?

Early payment

  • Are there any penalties for paying off the loan early?

Repayment plans

  • What repayment plans and options are available?

Repayment incentives

  • What incentives does the lender offer for borrowers who pay on time or make loan payments electronically?

Read this helpful article, "Residency and Relocation Loans: To Borrow or Not to Borrow."


Below is a list of lenders that have made loans to our students within the last 3-5 years. Students may select a lender from this list or search online for other lenders.

6


 

 Institutional Loans

 

 Federal Nursing Loan

The Federal Nursing Loan Program provides long-term, low-interest loans to students pursuing a course of study leading to a diploma, associate, baccalaureate or graduate degree in nursing. Students must be enrolled at least half-time. The University selects loan recipients based on the information on the Free Application for Federal Student Aid (FAFSA).

Due to limited funding, not all students who are eligible will receive this award. Students who are awarded an institutional loan are not automatically awarded in subsequent years. Recipients will be notified by email and directed to review their award letter on UCD Access. Remember to check your To Do List in UCD Access and your University Webmail account for important notices regarding loan requirements.

IMPORTANT NOTE: The information provided on this page is for general reference only. Please refer to your promissory note and disclosure statements for specific information regarding your loan.

Eligibility:

  • Must meet the federal student aid eligibility requirements.
  • Must be a citizen, national, or a lawful permanent resident of the United States or the District of Columbia, the Commonwealths of Puerto Rico or the Marianas Islands, the Virgin Islands, Guam, the American Samoa, the Trust Territory of the Pacific Islands, the Republic of Palau, the Republic of the Marshall Islands or the Federated State of Micronesia.
  • Must demonstrate financial need.
  • Must be enrolled at least half-time in a baccalaureate or graduate nursing program.
  • Must not be in default on any federal student loan or owe on a federal student grant.
  • Continuing students must meet the CU Anschutz Satisfactory Academic Progress (SAP) standards.

Features:

  • Fixed interest rate of 5% per annum. Interest begins accruing after the 9 month grace period.
  • Eligible for Federal Loan Consolidation.
  • This loan may be canceled due to death or permanent disability of the borrower.
  • Loans may be deferred for the following reasons (see promissory note for details):
    • Service in the active duty military
    • Volunteer in the Peace Corps;
    • Enrollment in a baccalaureate or graduate nursing program; or
    • Advanced professional training beyond first diploma or degree in nursing.

Loan Limits:

  • The annual award amount may vary depending on availability of funds, but may not exceed $5,200.
  • The lifetime aggregate is $17,000.

Additional Information/Requirements:

  • Complete loan requirements, including promissory note, Rights and Responsibilities documents and Self-Certification form, on the Heartland ECSI website. You will receive an email via your University Webmail account with instructions for completing these documents within 2-3 business days after you have accepted the loan on UCD Access. If the email does not arrive in your inbox, please check your spam/junk folder.
  • Students must complete Loan Exit Counseling with Heartland ECSI upon graduation or dropping below half-time enrollment.

Repayment:

  • Loans are deferred while you are enrolled at least half-time. Please see your promissory note or contact your servicer for other deferment provisions.
  • Grace Period: Repayment begins 9 months after you are no longer enrolled at least half-time at CU Anschutz.
  • Maximum repayment period is 10 years.
  • Minimum monthly payment is $40.
  • The Borrower may, without penalty, prepay all or any part of the principal and accrued interest at any time.
  • In the event of the Borrower’s total and permanent disability or death, the unpaid balance remaining on the Promissory Note shall be canceled.
  • A forbearance or renegotiation may be granted if you are unable to make payments but do not qualify for any of the above deferments.

Lender and Loan Servicing:

The University of Colorado Denver | Anschutz Medical Campus is the lender for this loan. Heartland ECSI provides loan servicing for all of our institutional loans. The loan servicer collects payments, responds to customer service inquiries, and performs other administrative tasks associated with maintaining the loan on behalf of the lender. Please keep your address and phone number updated with you lender and loan servicer.

Questions?:

If you have further questions regarding your Federal Nursing Loan, please contact Heartland ECSI or the CU Anschutz Student Debt Management Office.

​​​​​1

 Federal Perkins Loan

The Federal Perkins Loan Program provides long-term, low-interest loans to undergraduate, graduate and professional students with exceptional financial need. The University selects loan recipients based on the information on the Free Application for Federal Student Aid (FAFSA).

Due to limited funding, not all students who are eligible will receive this award. Students who are awarded an institutional loan are not automatically awarded in subsequent years. Recipients will be notified by email and directed to review their award letter on UCD Access. Remember to check your To Do List in UCD Access  and your University Webmail account for important notices regarding loan requirements.

IMPORTANT NOTE: The information provided on this page is for general reference only. Please refer to your promissory note and disclosure statements for specific information regarding your loan.

Eligibility:

Features:

  • Fixed interest rate of 5% per annum. Interest begins accruing after the 9-month grace period.
  • Eligible for Federal Loan Consolidation.
  • This loan may be canceled due to death or permanent disability of the borrower.
  • Loan cancellation provisions are available for the following occupations. Please see your promissory note for details:
    • Teachers
    • Early intervention services
    • Law Enforcement or Correction Officers
    • Nurse or Medical Technicians
    • Child or Family Service Agency
    • Attorneys Employed in a Defender Organization
    • Firefighters
    • Tribal College or University Faculty
    • Librarians
    • Speech-Language Pathologists
    • Service in an Early Childhood Education Program
    • Military Cancellation
  • Loans will be deferred for the students enrolled at least half-time in an undergraduate, graduate or professional program. Please refer to your promissory note for additional deferment options.

Loan Limits:

  • The annual loan limit is $5,200. However, the annual award amount may vary depending on availability of funds.
  • The lifetime aggregate is $17,000.

Additional Information/Requirements:

  • Complete loan requirements, including promissory note, Rights and Responsibilities documents and Self-Certification form, on the Heartland ECSI website. You will receive an email via your University Webmail account with instructions for completing these documents within 2-3 business days after you have accepted the loan on UCD Access. If the email does not arrive in your inbox, please check your spam/junk folder.
  • Students must complete Loan Exit Counseling with Heartland ECSI upon graduation or dropping below half-time enrollment.

Repayment:

  • Loans are deferred while you are enrolled at least half-time. Please see your promissory note or contact your servicer for other deferment provisions.
  • Grace Period: Repayment begins 9 months after you are no longer enrolled at least half-time at CU Anschutz.
  • Maximum repayment period is 10 years.
  • Minimum monthly payment is $40.
  • The Borrower may, without penalty, prepay all or any part of the principal and accrued interest at any time.
  • A forbearance, hardship repayment option may be granted if you are unable to make payments but do not qualify for a deferment.

Lender and Loan Servicing:

The University of Colorado Anschutz Medical Campus is the lender for this loan. Heartland ECSI provides loan servicing for all of our institutional loans. The loan servicer collects payments, responds to customer service inquiries, and performs other administrative tasks associated with maintaining the loan on behalf of the lender. Please keep your address and phone number updated with you lender and loan servicer.

Questions?:

If you have further questions regarding your Federal Perkins Loan, please contact Heartland ECSI or the CU Anschutz Student Debt Management Office.

​​​​​2

 Health Professional Student Loan

The Health Professions Student Loan Program provides low-interest loans to full-time students pursuing a degree in dentistry, optometry, pharmacy, podiatric medicine, or veterinary medicine. The University selects loan recipients based on the information on the Free Application for Federal Student Aid (FAFSA) and the Title VII Federal Aid Application, which is generally available in October each year.

Due to limited funding, not all students who are eligible will receive this award. Students who are awarded an institutional loan are not automatically awarded in subsequent years. Recipients will be notified by email and directed to review their award letter on UCD Access. Remember to check your To Do List and your University Webmail account for important notices regarding loan requirements.

IMPORTANT NOTE: The information provided on this page is for general reference only. Please refer to your promissory note and disclosure statements for specific information regarding your loan.

Eligibility:

Features:

  • 5% fixed interest rate per annum.
  • Eligible for Federal Loan Consolidation.
  • This loan may be canceled due to death or permanent disability of the borrower.
  • Loans may be deferred for the following reasons (see promissory note for details):
    • Active duty military
    • Peace Corps volunteers
    • Enrollment in a baccalaureate or graduate nursing program.
    • Advanced professional training beyond first diploma or degree in nursing.

Loan Limits:

  • The annual award amount varies depending on availability of funds.
  • There is no lifetime aggregate limit.

Additional Information/Requirements:

  • You must provide parental tax information that will be used to determine your overall need and if you come from an “economically disadvantaged” background. This is a requirement for ALL students without regard to the student’s age, tax, marital or dependency status and cannot be waived. In cases where you parents refuse to provide income information, an affidavit documenting such refusal cannot be accepted in lieu of the required information. Students whose parents are deceased are exempt from this requirement. However, a copy of the parent’s death certificate must be provided.
  • Complete loan requirements, including promissory note, Rights and Responsibilities documents and Self-Certification form, on the Heartland ECSI website. You will receive an email via your University Webmail account arrive in your inbox, please check your spam/junk folder.
  • Students must complete Loan Exit Counseling with Heartland ECSI upon graduation or dropping below half-time enrollment.

Repayment:

  • Repayment is deferred and there is no interest charged while you are enrolled at least full-time in an eligible health professions program. You may also request a deferment if you participate in one of the following activities:
    • Service in the active duty military;
    • Volunteer in the Peace Corps;
    • Pursuing advanced professional training, including internships and residencies;
    • Leave of absence from the university to pursue related educational activity; or
    • Participate in a fellowship training program or a full-time educational activity directly related to your health profession.
  • A forbearance or renegotiation may be granted if you are unable to make payments but do not qualify for any of the above deferments.
  • Grace Period: Repayment begins 12 months after you are no longer enrolled at least full-time.
  • Minimum monthly payment is $40.
  • The standard repayment period is 10 years. The maximum repayment period of 25 years.

Lender and Loan Servicing:

The University of Colorado Anschutz Medical Campus is the lender for this loan. Heartland ECSI provides loan servicing for all of our institutional loans. The loan servicer collects payments, responds to customer service inquiries, and performs other administrative tasks associated with maintaining the loan on behalf of the lender. Please keep your address and phone number updated with you lender and loan servicer.

Questions?:

If you have further questions regarding your Health Professions Student Loan Program , please contact Heartland ECSI or the CU Anschutz Student Debt Management Office.

​​​​​3

 Loan for Disadvantaged Student

The Loans for Disadvantaged Students Program provides low-interest loans to full-time students from a disadvantaged background pursuing a degree in allopathic medicine, osteopathic medicine, dentistry, optometry, podiatric medicine, pharmacy or veterinary medicine. The University selects loan recipients based on the information on the Free Application for Federal Student Aid (FAFSA) and the Title VII Federal Aid Application, which is generally available in October each year.

Due to limited funding, not all students who are eligible will receive this award. Students who are awarded an institutional loan are not automatically awarded in subsequent years. Recipients will be notified by email and directed to review their award letter on UCD Access. Remember to check your To Do List in UCD Access and your university email account for important notices regarding loan requirements.

IMPORTANT NOTE: The information provided on this page is for general reference only. Please refer to your promissory note and disclosure statements for specific information regarding your loan.

Eligibility:

  • Must meet the federal student aid eligibility requirements.
  • Must demonstrate financial need and be from a disadvantaged background as defined by the U.S. Department of Health and Human Services. An individual from a disadvantaged background is defined as someone who:
    • comes from an environment that has inhibited the individual from obtaining the knowledge, skill and abilities required to enroll in and graduate from a school; or
    • comes from a family with an annual income below a level based on low-income thresholds according to family size published by the U.S. Bureau of the Census, adjusted annually for changes in the Consumer Price Index, and adjusted by the Secretary of Health and Human Services for adaptation to this program.
  • Must be enrolled full-time in one of the following programs:
    • Doctor of Allopathic Medicine
    • Doctor of Osteopathic Medicine
    • Doctor of Dentistry
    • Bachelor or Doctor of Science in Pharmacy
    • Doctor of Podiatric Medicine
    • Doctor of Optometry
    • Doctor of Veterinary Medicine
  • Must not be in default on any federal student loan or owe on a federal student grant.
  • Continuing students must meet the CU Anschutz Satisfactory Academic Progress (SAP) standards.

Features:

  • 5% fixed interest rate per annum.
  • Eligible for Federal Loan Consolidation.
  • This loan may be canceled due to death or permanent disability of the borrower.
  • Loans may be deferred for the following reasons (see promissory note for details):
    • Active duty military
    • Peace Corps volunteers
    • Enrollment in a baccalaureate or graduate nursing program
    • Advanced professional training beyond first diploma or degree in nursing

Loan Limits:

  • The annual award amount varies depending on availability of funds.
  • There is no lifetime aggregate limit.

Additional Information/Requirements:

  • You must provide parental tax information that will be used to determine your overall need and if you come from an “economically disadvantaged” background. This is a requirement for ALL students without regard to the student’s age, tax, marital or dependency status and cannot be waived. In cases where you parents refuse to provide income information, an affidavit documenting such refusal cannot be accepted in lieu of the required information. Students whose parents are deceased are exempt from this requirement. However, a copy of the parent’s death certificate must be provided.
  • Complete loan requirements, including promissory note, Rights and Responsibilities documents and Self-Certification form, on the Heartland ECSI website. You will receive an email via your University Webmail account arrive in your inbox, please check your spam/junk folder.
  • Students must complete Loan Exit Counseling with Heartland ECSI upon graduation or dropping below half-time enrollment.

Repayment:

  • Repayment is deferred and there is no interest charged while you are enrolled at least full-time in an eligible health professions program. You may also request a deferment if you participate in one of the following activities:
    • Service in the active duty military;
    • Volunteer in the Peace Corps;
    • Pursuing advanced professional training, including internships and residencies;
    • Leave of absence from the university to pursue related educational activity; or
    • Participate in a fellowship training program or a full-time educational activity directly related to your health profession
  • A forbearance or renegotiation may be granted if you are unable to make payments but do not qualify for any of the above deferments.
  • Grace Period: Repayment begins 12 months after you are no longer enrolled at least full-time.
  • Minimum monthly payment is $40.
  • The standard repayment period is 10 years. The maximum repayment period of 25 years.

Lender and Loan Servicing:

The University of Colorado Anschutz Medical Campus is the lender for this loan. Heartland ECSI provides loan servicing for all of our institutional loans. The loan servicer collects payments, responds to customer service inquiries, and performs other administrative tasks associated with maintaining the loan on behalf of the lender. Please keep your address and phone number updated with you lender and loan servicer.

Questions?:

If you have further questions regarding your Loans for Disadvantaged Students Program, please contact Heartland ECSI or the CU Anschutz Student Debt Management Office.

​​​​​4

 Dr. Francis H. McNaught Loan (MD students only)

The Dr. Francis H. McNaught Loan program is administered by The Denver Medical Society and the Wells Fargo Bank. This loan has an interest rate of zero percent and is available to students in their final year of the Doctor of Medicine program at the CU Anschutz Medical Campus.

Eligibility:

  • Must be a U.S. citizen or eligible non-citizen (see Basic Eligibility Criteria).
  • Must be at least 18 years of age.
  • Must demonstrate financial need.
  • Must be enrolled at least half-time  in the final year of the Doctor of Medicine (MD) program.
  • Must meet the CU Anschutz Medical Campus Satisfactory Academic Progress (SAP) standards.

Features:

  • 0% fixed interest rate. However, the interest rate will increase to 12% and the full payment will be required if the student defaults on the loan.
  • There are no fees for a McNaught loan. However, borrowers may be assessed the following charges if applicable: late payment charge, return check charge, default collection fee.

Loan Limits:

  • The annual award amount varies depending on availability of funds.
  • There is no lifetime aggregate limit.

Additional Information/Requirements:

  • Complete loan requirements, including promissory note, Rights and Responsibilities documents and Self-Certification form.
  • Funds will be awarded on a first-come, first-served basis until exhausted.

Repayment:

  • Repayment begins immediately upon graduation. However, students in an internship, residency or continuing their medical education may request a deferment through Wells Fargo Trust.
  • Minimum monthly payment is normally $50.
  • Maximum repayment period of 60 months.
  • Prepayment of all or any part of the principal and accrued interest may be made at any time without penalty.
  • Borrowers experiencing undue hardship or other financial difficulty should contact the Lender to discuss any available options.
  • Borrowers who file for bankruptcy may still be required to repay this loan.
  • This loan cannot be consolidated with federal student loans or with state student loans.

Cancellation:

Wells Fargo will notify the applicant of the right to cancel the McNaught loan without further obligation and will provide the applicant with the Private Education Loan Final Disclosures stating the deadline within which cancellation would have to occur and the methods by which cancellation can be accomplished.

Lender and Loan Servicing:

Wells Fargo Bank is the lender and loan servicer for this loan. The loan servicer collects payments, responds to customer service inquiries, and performs other administrative tasks associated with maintaining the loan on behalf of the lender. Please keep your address and phone number updated with you lender and loan servicer.

Questions?:

If you have further questions regarding your McNaught Loan, please contact Wells Fargo Bank. Please refer to your promissory note for contact information.

​​​​​​​​6

 Medical Center Student Loan

The Medical Center Student Loan is a low-interest loan offered to full-time students enrolled in certain health professions programs at the CU Anschutz Medical Campus. The university selects loan recipients based on the information on the Free Application for Federal Student Aid (FAFSA).

Due to limited funding, not all students who are eligible will receive this award. Students who are awarded an institutional loan are not automatically awarded in subsequent years. Recipients will be notified by email and directed to review their award letter on UCD Access. Remember to check your To Do List in UCD Access and your University Webmail account for important notices regarding loan requirements.

IMPORTANT NOTE: The information provided on this page is for general reference only. Please refer to your promissory note and disclosure statements for specific information regarding your loan.

Eligibility:

Features:

  • Fixed interest rate of 4% per annum.
  • This loan may be canceled for the following reasons (see promissory note for details):
    • death or permanent disability of the borrower;
    • the Borrower practices in a designated shortage area in Colorado.
  • Loans may be deferred for students that are active duty military (see promissory note for details).

Loan Limits:

  • The annual award amount may vary depending on availability of funds.
  • There is no lifetime aggregate limit.

Additional Information/Requirements:

  • Complete loan requirements, including promissory note, Rights and Responsibilities documents and Self-Certification form, on the Heartland ECSI website. You will receive an email via your University Webmail account with instructions for completing these documents within 2-3 business days after you have accepted the loan on UCD Access. If the email does not arrive in your inbox, please check your spam/junk folder.
  • Students must complete Loan Exit Counseling with Heartland ECSI upon graduation or dropping below full-time enrollment.

Repayment:

  • Loans are deferred while you are enrolled at least full-time. Please see your promissory note or contact your servicer for other deferment provisions.
  • Grace Period: Repayment begins 12 months after you are no longer enrolled at least full-time at CU Anschutz.
  • Minimum monthly payment is $25.
  • Maximum repayment period is 6 years, including the grace period.
  • The Borrower may, without penalty, prepay all or any part of the principal and accrued interest at any time.
  • Contact your loan servicer immediately if you are not able to make your scheduled loan payment.

Lender and Loan Servicing:

The University of Colorado Anschutz Medical Campus is the lender for this loan. Heartland ECSI provides loan servicing for all of our institutional loans. The loan servicer collects payments, responds to customer service inquiries, and performs other administrative tasks associated with maintaining the loan on behalf of the lender. Please keep your address and phone number updated with you lender and loan servicer.

Questions?:

If you have further questions regarding your Medical Center Student Loan, please contact Heartland ECSI or the CU Anschutz Student Debt Management Office.

​​​​​​7

 Medical School Student Loan (MD students only)

The Medical School Student Loan is a low-interest loan offered to full-time students enrolled in the Doctor of Medicine program. The university selects loan recipients based on the information on the Free Application for Federal Student Aid (FAFSA).

Due to limited funding, not all students who are eligible will receive this award. Students who are awarded an institutional loan are not automatically awarded in subsequent years. Recipients will be notified by email and directed to review their award letter on UCD Access. Remember to check your To Do List in UCD Access and your University Webmail account for important notices regarding loan requirements.

IMPORTANT NOTE: The information provided on this page is for general reference only. Please refer to your promissory note and disclosure statements for specific information regarding your loan.

Eligibility:

Features:

  • Fixed interest rate of 4% annum.
  • This loan may be canceled for the following reasons (see promissory note for details):
    • death or permanent disability of the borrower;
    • the Borrower practices in a designated shortage area in Colorado.
  • Loans may be deferred for students that are active duty military (see promissory note for details).

Loan Limits:

  • The annual award amount may vary depending on availability of funds.
  • There is no lifetime aggregate limit.

Additional Information/Requirements:

  • Complete loan requirements, including promissory note, Rights and Responsibilities documents and Self-Certification form, on the Heartland ECSI website. You will receive an email with instructions for completing these documents within 2-3 business days after you have accepted the loan on UCD Access. If the email does not arrive in your inbox, please check your spam/junk folder.
  • Students must complete Loan Exit Counseling with Heartland ECSI upon graduation or dropping below full-time enrollment.

Repayment:

  • Loans are deferred while you are enrolled at least full-time. Please see your promissory note or contact your servicer for other deferment provisions.
  • Grace Period: Repayment begins 12 months after you are no longer enrolled at least full-time at CU Anschutz.
  • Minimum monthly payment is $25.
  • Maximum repayment period is 6 years.
  • The Borrower may, without penalty, prepay all or any part of the principal and accrued interest at any time.
  • Contact your loan servicer immediately if you are not able to make your scheduled loan payment.

Lender and Loan Servicing:

The University of Colorado Anschutz Medical Campus is the lender for this loan. Heartland ECSI provides loan servicing for all of our institutional loans. The loan servicer collects payments, responds to customer service inquiries, and performs other administrative tasks associated with maintaining the loan on behalf of the lender. Please keep your address and phone number updated with you lender and loan servicer.

Questions?:

If you have further questions regarding your Medical School Student Loan, please contact Heartland ECSI or the CU Anschutz Student Debt Management Office.​​

​​​​​​​8

 Nurse Faculty Loan Program

The Nurse Faculty Loan Program (NFLP) provides a low-interest loan to students pursuing a course of study preparing the student to be qualified nurse faculty.

The CU Anschutz College of Nursing administers the NFLP, including review of applications and determination of recipients and award amounts. The Financial Aid & Scholarships Office is responsible for disbursing funds to the student. Remember to check your To Do List in UCD Access and your university webmail account for important notices regarding loan requirements.

IMPORTANT NOTE: The information provided on this page is for general reference only. Please refer to your promissory note and disclosure statements for specific information regarding your loan.

Eligibility

  • Must be a U.S. citizen, or a lawful permanent resident of the 50 States, the District of Columbia, Guam, the Commonwealth of Puerto Rico, the Northern Mariana Islands, American Samoa, the U.S. Virgin Islands, the Federated States of Micronesia, the Republic of the Marshall Islands, or the Republic of Palau. Students on a student or visitor’s visa are not eligible for a NFLP loan.
  • Must not be in default on any federal student loan or owe on a federal student grant.
  • Continuing students must meet the CU Anschutz Satisfactory Academic Progress (SAP) standards.
  • Must be enrolled at least part-time in an eligible advanced education nursing degree program (Master’s or Doctoral) that prepares you as qualified nurse faculty.
    • NFLP borrowers must enroll in and complete the specified educator course(s) for the degree program prior to graduating from the program.
    • NFLP borrowers must maintain enrollment for a minimum of two consecutive terms/semesters (at least half-time) during the academic year the NFLP loan is awarded. Exceptions may be granted by the College of Nursing in limited situations.

Features

  • Fixed interest rate of 3% per annum. Interest begins accruing 3 months after graduation.
  • This loan may be canceled due to death or permanent disability of the borrower.

Loan Limits

  • Students may receive NFLP support up to $35,500 per year for up to five (5) years. The actual award amount may vary depending on availability of funds.

Additional Information/Requirements

  • Complete the loan requirements, including promissory note, Rights and Responsibilities documents and Self-Certification form issued by the College of Nursing.
  • Students must complete Loan Exit Counseling with Heartland ECSI upon graduation or dropping below half-time enrollment.

Repayment

Grace Period: The grace period for NFLP loan repayment is 9 months and begins immediately after the student ceases to pursue a course of student at the College of Nursing. Although interest begins accruing at a rate of 3% per annum on the unpaid balance 3 months after graduation, neither interest nor principal payments are required during the 9-month grace period.

Repayment Period: The 10-year repayment period for a NFLP loan begins following the 9-month grace period.

  • Loans are deferred while you are enrolled at least half-time. Please see your promissory note or contact your servicer for other deferment provisions.
  • Loans may be deferred for the following reasons (see promissory note for details):
    • A borrower is ordered to active duty military service. Borrowers who voluntarily join a uniformed service are not eligible for deferment, nor is a borrower who is employed by one of the uniformed services in a civilian capacity.
    • When borrowers who graduate and been employed, and then decides to return to a graduate nursing education program to pursue a doctoral degree to further their preparation as nurse faculty.
    • When the NFLP borrower participates in a post-doctoral program.
  • A forbearance may be granted in extraordinary circumstances for borrowers that are unable to make payments but do not qualify for any of the above deferments (see your promissory note for details).
  • Maximum repayment period is 10 years.
  • The Borrower may, without penalty, prepay all or any part of the principal and accrued interest at any time.
  • Loan cancellation may be requested in the event of the borrower’s death or total and permanent disability.

Lender and Loan Servicing

The University of Colorado Anschutz Medical Campus is the lender for this loan. Heartland ECSI provides loan servicing for all of our institutional loans. The loan servicer collects payments, responds to customer service inquiries, and performs other administrative tasks associated with maintaining the loan on behalf of the lender. Please keep your address and phone number updated with you lender and loan servicer.

Questions?

If you have further questions regarding your NFLP, please contact Heartland ECSI or CU Anschutz Student Debt Management.

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