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Federal Student Loans

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Federal Student Loans

Loan Undergraduate Graduate Eligibility Details
Federal Nursing Loan   Details 
Federal Direct Subsidized Student Loan     Details
Federal Direct Unsubsidized Student Loan   Details
Federal Graduate / Professional PLUS Loan     Details
Federal Parent PLUS Loan     Details


Private / Alternative Student Loans

Alternative student loans are privately funded loans that are NOT part of the federal student loan program. They are offered by banks, credit unions, and other lending institutions, and are designed to supplement federal financial aid awarded to students when it does not fully meet the funding needs of students. Each private loan lender determines the interest rates, fees, and eligibility criteria for the loans they offer, and many lenders also require a co-signer. All private loans require a credit check to be performed to determine eligibility.

 We encourage students to borrow these loans only as a last resort after completing the FAFSA and exhausting all sources of federal financial aid (Pell Grant, Stafford Loans, etc). The University of Utah does not endorse any lenders, and you may choose whichever lender you wish. As a courtesy to our students, we have provided FASTChoice, a loan comparison tool, as a resource to research the rates, eligibility requirements, and benefits of private loan lenders  For more information please visit  You may also research private loan lenders on your own.

Federal regulations require lenders to send three disclosure notices to borrowers and co-signers, with a mandatory waiting period prior to disbursement of funds, to ensure that they are properly informed regarding the terms and conditions of the loan. Private loan lenders also require the school to certify student eligibility for the loan, and funds are sent to the school to be disbursed through the tuition account. Please allow 3-4 weeks for processing time.

Last Updated: 5/14/21