There are different loan programs available for student borrowers as well as a variety of programs for parents.

UMF strongly encourages you to evaluate the different choices available.  The best advice that we can offer is to urge you to explore your financial aid options thoroughly and to file a Free Application for Federal Student Aid (FAFSA) as part of a strategy to ensure that you first determine if you have any eligibility for grants and scholarships.

If you need to borrow to finance your education, we strongly recommend that you familiarize yourself with the terms of the various loan programs in order to understand the repayment obligations before you choose to borrow.  Some loans enable you to defer repayment until after you have left college and some may require entering repayment immediately after the loan is received.  Not all loans are the same and it is important to find choices that are best suited for your needs.

For undergraduate students who began college as first-year students at UMF and graduated between July 1, 2018 and June 30, 2019, the average student loan indebtedness for student borrowers at graduation was $28,751 taking into account Federal, State, and Private Alternative Loans.

Loan assistance must be repaid. Educational loans typically have a lower interest rate than consumer or personal loans. Most educational loans have deferment provisions that allow the borrower to postpone repayment of the principal until after graduation.

To satisfy your the Entrance Loan Counseling Information, click here.

To find out who services your student loans, and how to contact them, sign in using your FSA username and password at:

Want to estimate your loan payments? Try this Loan Payment Calculator.

To find out more about UMF, including our Cohort Default Rate (CDR), click here: