Student Loans

Student loans are borrowed money that must be repaid, with interest. There are four types of student loans available, Federal. State. Institutional (from the college you are attending) and Private .

Current Student Loans Available:

• Cost of education minus other financial assistance

Qualifications

• Does not require financial need
• Fixed 7.9% interest rate
• Borrower must pass a basic credit check
• Available to graduate/professional students enrolled at least half-time
• Repayment will be postponed until 6 months after student ceases to be enrolled at least part-time

Application

• Accept the Grad PLUS loan on Pathway

Federal Loans are available to undergraduate, graduate and professional students. There are limits on the amounts that students can borrow in Stafford and Perkins loans that vary based on the student's grade level, program of study and on the student's need as determined by the FAFSA. The U.S. Department of Education's publication, Your Federal Student Loans is a great resource for reading more about federal loans.

First time borrowers are required to complete entrance counseling and sign a Master Promissory Note before any loan funds will disburse to the school.

Federal Loans do not need to be repaid until the student has graduated or stopped attending college at least part-time.

The State of Missouri currently has loans available for Health Professional students. Students in Health Professional degree programs (Dentistry, Medicine and Nursing) should visit the Missouri Division of Health and Senior Services (DHSS) website to find additional details: www.dhss.mo.gov.

If you are not from Missouri, you should check with your state's Higher Education Authority to find out if special student loans are available to you as a resident of that state.

UMKC offers Institutional loans to help students meet their Cost of Attendance. The majority are awarded automatically based on completion of the FAFSA by March 1. To find out more about these institutional loans, contact us .

UMKC also offers Short Term Loans for students enrolled at UMKC. These are available for emergency or unexpected circumstances and must be paid off by the end of the semester in which it was borrowed. See the Short Term Loan Policy to see eligibility requirements and restrictions. Visit the Financial Aid and Scholarships Office in person to apply for a Short Term Loan.

There are additional loans available to students in Health Professional degree programs at UMKC, in addition to Federal and Institutional Loans. There are several Institutional Loans for Health Professional students that will be awarded based on filing a FAFSA and meeting eligibility criteria. Other loans available to Health Professional students include: