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, Private & Short-Term Loans
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 six 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.
How Sequestration Affects Federal Student Loans
Sequestration was passed as part of the Budget Control Act of 2011. Sequestration is a procedure in U.S. law that limits the size of the federal budget through automatic budget cuts to government agencies. Federal student loan origination fee percentages change each October as a result of sequestration. The Financial Aid & Scholarships Office cancels undisbursed loans in September of each year to prepare for changes to loan origination fees. If you have an undisbursed loan that is cancelled, the Financial Aid & Scholarships Office will notify you in September of any necessary action needed by you.
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.gov's Basic Eligibility Criteria
Continuing students must meet the CU Anschutz Satisfactory Academic Progress (SAP) standards
Must not have drug-related offenses
Features
Flexible repayment options
Cancellation, discharge, and forgiveness of loans under certain circumstances
There are no pre-payment penalties
Postponement options, including deferment and forbearance of loan payments if you return to school or experience an economic hardship
Fixed interest rates
Origination (processing) Fees
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 Student 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 https://studentaid.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 https://studentaid.gov/ to find your Servicer's information.
- Use the Federal Student Aid Loan Repayment Estimator to explore your loan repayment options.
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.
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.
How Sequestration Affects Federal Student Loans
Sequestration was passed as part of the Budget Control Act of 2011. Sequestration is a procedure in U.S. law that limits the size of the federal budget through automatic budget cuts to government agencies. Federal student loan origination fee percentages change each October as a result of sequestration. The Financial Aid & Scholarships Office cancels undisbursed loans in September of each year to prepare for changes to loan origination fees. If you have an undisbursed loan that is cancelled, the Financial Aid & Scholarships Office will notify you in September of any necessary action needed by you.
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.gov's Basic Eligibility Criteria)
Male student must be registered with the 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 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
Requirements
Borrowers must Apply for a Grad PLUS Loan at studentaid.gov twice per school year.
- Academic year (Fall & Spring)
- Summer
New borrowers must complete the Entrance Counseling and Master Promissory Note (MPN). The loan will not pay until these requirements are completed.
Credit Check: U.S. Department of Education (ED) 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 Federal Student Aid Information Center at (800) 433-3243 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 (not sure what you would like to do)
PLUS Credit Counseling is required if the U.S. Department of Education has informed you that you have an adverse credit history and you have:
- Obtained an endorser or,
- Documented extenuating circumstances to the satisfaction of the U.S. Department of Education
PLUS Credit Counseling will help borrowers understand the obligations associated with borrowing a PLUS loan and assist them in making careful decisions about taking on student loan debt.
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 https://studentaid.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 https://studentaid.gov/ to find the Servicer's contact information
Use the Federal Student Aid Loan Repayment Estimator to explore your loan repayment options.
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.
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.
How Sequestration Affects Federal Student Loans
Sequestration was passed as part of the Budget Control Act of 2011. Sequestration is a procedure in U.S. law that limits the size of the federal budget through automatic budget cuts to government agencies. Federal student loan origination fee percentages change each October as a result of sequestration. The Financial Aid & Scholarships Office cancels undisbursed loans in September of each year to prepare for changes to loan origination fees. If you have an undisbursed loan that is cancelled, the Financial Aid & Scholarships Office will notify you in September of any necessary action needed by you.
Eligibility
Eligible students:
- Must be enrolled at least half-time in an eligible undergraduate degree program
- Must submit a Free Application of Federal Student Aid (FAFSA) to determine their eligibility for most types of financial aid.
- Must be a U.S. citizen or eligible non-citizens.
- Must meet the CU Anschutz Satisfactory Academic Progress (SAP) standards if you are a continuing student.
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
Requirements
Parent borrowers must Apply for PLUS Loan for Parents at studentaid.gov twice per school year.
- Academic year (Fall & Spring)
- Summer
New parent borrowers must complete the PLUS Master Promissory Note (MPN). The loan will not pay until this requirement is completed.
Credit Check: U.S. Department of Education (ED) 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 the Federal Student Aid Information Center at (800) 433-3243 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 (not sure what you would like to do)
PLUS Credit Counseling is required if the U.S. Department of Education has informed you that you have an adverse credit history and you have:
- Obtained an endorser or,
- Documented extenuating circumstances to the satisfaction of the U.S. Department of Education
PLUS Credit Counseling will help parents understand the obligations associated with borrowing a PLUS loan and assist them in making careful decisions about taking on student loan debt.
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
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 https://studentaid.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 https://studentaid.gov/ to find your Servicer's contact information
Use the Federal Student Aid Loan Repayment Estimator to explore loan repayment options.
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.
An private 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. Private student loans are not considered a federal student loan so the interest rate 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 = Private 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
Use the Choosing a Lender guide.
Loan Consolidation
Private 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.
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.
Residency and Relocation Loans are referred to as private student 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 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
Use the Choosing a Lender guide.
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.
Citizens Bank Residency and Relocation Loan (Medical, Dental, and Pharmacy students).
Discover Residency and Relocation Loan (Dental, Medical, Nursing, Pharmacy, Physical Therapy, and Physician Assistant students)
Physician Loans Residency and Relocation Loans (Medical students)
PNC Bank Residency and Relocation Loan (Dental and Medical students)
Sallie Mae Residency and Relocation Loan (Dental and Medical students)
Institutional Loans
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):
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.
NOTE: The Federal Perkins Loan program expired on September 30, 2017 and has not been renewed by Congress. Current students with an outstanding Perkins loan balance should refer to the promissory note and disclosure statements for specific information regarding this loan.
Questions?:
Borrowers with Federal Perkins Loan questions, please contact Heartland ECSI or the CU Anschutz Student Debt Management Office.
More information on the Title VII Student Loans page.
Get more information from the Title VII Student Loans page.
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:
Must meet the federal student aid eligibility requirements.
Must demonstrate financial need.
Must be enrolled at least full-time in one of the following programs:
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 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.
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:
- Must meet the federal student aid eligibility requirements.
- Must demonstrate financial need.
- Must be enrolled at least full-time in the Doctor of Medicine 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 4% annum.
This loan may be canceled for the following reasons (see promissory note for details):
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.
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 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.
CU Denver | Anschutz Cohort Rate (CDR) Disclosure
| FY2019 | FY2018 | FY2017 | |
| CU Denver | Anschutz Default Rate | 0.9% | 2.8% | 3.4 % |
| No. in Default | 39 | 123 | 147 |
| No. in Repay | 4190 | 4282 | 4291 |
| Enrollment Figures | 32,857 | 31,281 | 30,135 |
| Percentage Calculation | 12.75 | 13.6 | 14.2 |
| National Default Rate | 2.3% | 7.3% | 9.70% |
Financial Aid & Scholarships Office
CU Anschutz
Education II North
13120 East 19th Avenue
#3113
Aurora, CO 80045
303-724-8039
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