Admissions
Financial Aid
Loan Programs
- Daisy K. Tesher Loan, the UF Dental Guild
- Loan, East Coast District Dental Society
- Loan, Greater Hollywood Dental Society
- Loan, Robert Wood Johnson Dental
- Student Loan, D. L. Morrison Dental
- Student Loan, Quad-County Dental Society
- Loan, William and Marie Selby Dental
- Loan, Parnell-Tillery Dental Loan, Health
- Professions Student Loan Program, and Loans for Disadvantaged Students.
Student Loans
Borrowing money for college is a serious financial obligation. In addition to principal borrowed, interest is generally charged for use of funds. It's important to remember when you borrow money that it must eventually be repaid. When signing a loan promissory note, you make a legal and ethical agreement. Legally, you will be required to sign the note promising to repay the loan. Ethically, you are responsible to future borrowers, since collections from old loans are a major funding source for new loans. Consider this commitment carefully when taking out a loan, and consider how much you reasonably can repay. Read more about loans and debt management in Debt Management & Student Loans.
UF participates in the Federal Direct Loan Program which consists of the Federal Direct Stafford (subsidized) Loan, the Federal Direct Unsubsidized Stafford Loan, the Federal Direct PLUS Loan, and the Federal Direct Consolidation Loan Program. The U.S. Department of Education is the lender and, except for consolidation loans, delivers loan proceeds through the school. UF disburses the loans after loans have been processed and approved and classes have begun. When it is time for repayment, you (or your parents) will send all loan payments to the federal loan servicer.
Summary of Loans
| Loan Name | Interest Rate for loans disbursed from July 1, 2008-July 1, 2009 |
Origination Fee | Repayment | Co Signer or Endorser Needed? |
|---|---|---|---|---|
| Subsidized Loan | 6.8% Fixed for Graduates | 2.0% with 1.5% upfront rebate if you make your first 12 payments on time | Begins 6 months after you graduate or enroll for less than half time | No. |
| Unsubsidized Loan | 6.8% Fixed | 2.0% with 1.5% upfront rebate if you make your first 12 payments on time | Begins 6 months after you graduate or enroll for less than half time | No. |
| Graduate PLUS Loan | 7.9% Fixed | 4.0% with 1.5% upfront rebate if you make your first 12 payments on time | Begins with 60 days of disburement of loan funds | Dependent upon credit decision |
| UF Long Term Loans | 4% to 9% | No. | Begins 6 months after you graduate or enroll for less than half time | Yes |
Other Loans
Please note: Federal financial aid policies limit the amount students can borrow through educational loans to the Total Cost of Attendance (TCA). The TCA is the total cost for a student to attend school for one year. This amount includes tuition, fees, books, instrument costs, and living expenses like housing, food, transportation, etc. To view the current TCA for the DMD program click here. The TCA is set by the school (not the student). Students cannot borrow more than the TCA through federal educational loans, even if a student's personal costs are greater than the school's TCA.
Students who are married and/or have children must understand that federal financial aid is designed to help pay for the costs for one student to attend school, not to support other family members. The sole exception to this that, under some circumstances, families with children may receive additional financial aid for daycare costs. For questions regarding these federal policies or other financial aid issues, contact our financial aid officer, Tom Kolb, at 352.273.5999 or tomkolb@ufl.edu. Please be aware of these federal policies and plan accordingly.
