Although you must be accepted for enrollment at UF before you are considered for financial aid, you should apply for aid before being admitted. To apply for financial aid, students must complete the Free Application for Federal Student Aid (FAFSA) at studentaid.gov. The FAFSA opens on October 1 of each year.
UF Federal School Code 001535
To apply for financial aid, students must complete the Free Application for Federal Student Aid (FAFSA) .
The FAFSA opens on October 1 of each year. To receive the best financial aid offer, complete the FAFSA as early as possible.
Types of Loans
Are loans for undergraduate students with financial need, as determined by your cost of attendance minus expected family contribution and other financial aid (such as grants or scholarships). Subsidized Loans do not accrue interest while you are in school at least half-time or during deferment periods.
Are loans for both undergraduate and graduate students that are not based on financial need. Eligibility is determined by your cost of attendance minus other financial aid (such as grants or scholarships). Interest is charged during in-school, deferment, and grace periods.
Graduate PLUS Loans
Are loans for graduate and professional students who are ineligible for Unsubsidized Loans or need to supplement their Unsubsidized awards.
Graduate and professional students may borrow up to the student’s cost of attendance, minus other financial aid. Interest is charged during in-school, deferment, and grace periods. The borrower is responsible for the interest from the time the PLUS Loan is disbursed until it’s paid in full. You can choose to pay the interest or allow it to accrue (accumulate) and be capitalized (that is, added to the principal amount of your loan). Capitalizing the interest will increase the amount you have to repay.
Alternative loans are available to certain students who are not eligible for financial aid or who need additional funds to meet educational expenses. The student’s eligibility is determined by the cost of attendance minus other financial aid or the annual loan maximum amount as determined by the lender. In addition, the lender will look at your credit history as well as other factors to determine if it will lend to you. You may be denied by one lender and approved by another because of the different ways they interpret your information.
Alternative loans are not for everyone. They can be expensive and should only be utilized when all other federal resources, such as Federal Direct Stafford and Federal Direct PLUS Loans, have been exhausted.
Financial Aid Links
- 360 Degrees of Financial Literacy – Free program
- Association of American Medical Colleges F.I.R.S.T
- UF Bursar’s Office
- Budget worksheet
- Bursar’s Office FAQ’s
- Card Hub – Compare credit cards
- Cash Course
- Credit Information Get a FREE credit report and more
- Credit Card Payoff Calculator
- Disputing Errors on Credit Reports
- Credit Repair: How to Help Yourself
- Credit Education Documents– Great information to know!
- FICO Score
- Financial Aid Fact Sheets
- Financial Literacy from iGrad
- IRS Information-i.e. Lifetime Learning Credit, Student Loan Interest Deduction, Education IRA’s
- IRS Transcript
- Graduate PLUS Loan Info
- Lenders, Servicers & Agencies
- Medloans Organizer & Calculator
- MINT.COM – Free budgeting site to help monitor your spending.
- Monthly Interest Accrual Chart
- Florida Prepaid Program
- Form 1098-T