UACCM Financial Aid

Available Loans


Notice to student and parent borrowers: UACCM must disclose loan information to the National Student Loan Data System (NSLDS), and this information will be accessible by authorized agencies, lenders, and institutions per HEOA 489 amended HEA Sec. 485B.

Federal Direct Loan

A Federal Direct Loan is a low-interest loan to help students with educational expenses. There are two types of Federal Direct Loans, subsidized and unsubsidized. The federal government pays the interest for subsidized loans until the student ceases to be enrolled at least half time, or the student loses subsidy eligibility. The student is responsible for paying the interest on an unsubsidized loan. All Federal Direct Loan funds must be repaid according to the terms specified in the promissory note. Loan repayment begins six months after the student graduates or ceases to be enrolled at least half time. All borrowers are expected to take part in loan counseling. All new students will be required to wait 30 days from their starting date before being eligible to receive any loan proceeds. Students must first apply for the FAFSA at UACCM requires a separate loan application that can be found on the Financial Aid Forms webpage. Students must be enrolled and attending at least 6 credit hours in order to be eligible for a federal loan.

Federal Parent Loan for Undergraduate Students (PLUS) Loan

A Federal Parent Loan for Undergraduate Students (PLUS) is a low-interest loan to help parents, step-parents, or adoptive parents pay for their dependent student’s educational expenses. Students must complete the Free Application for Federal Student Aid (FAFSA) at before a PLUS loan can be certified. Students must file the FAFSA as a dependent student, although the parent applying does not have to be listed on the FAFSA. Parents must pass a credit check to be eligible for this loan. The parent is the borrower for the PLUS loan program. Generally, repayment begins within 60 days after the final loan disbursement is made to the borrower. If parents to not pass the credit check, the student can qualify for additional unsubsidized loan funds. UACCM requires a separate loan application for a PLUS loan. Please see the Financial Aid Office for more information.

Repaying Loans

Borrowers are required to repay federal student loans with interest.  Repayment of Federal Direct Subsidized and Unsubsidized Loans will begin six months after you stop attending school at least half-time (6 credit hours); this is known as your grace period.  The standard repayment time frame is 10 years for each Federal Direct Student Loan, and you can choose from several repayment plans to fit your financial situation.  Your loan will be collected by a third-party servicer on behalf of the federal government; this servicer will be the one to contact you regarding payment arrangements.  Talk to your servicer if you can’t or have issues making your loan payments.  Loan deferment and forbearance can help you temporarily delay repayment. You can always view your borrowing information on under your FSA login and account information.