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University of Florida... University Student Loans In All Shapes and Sizes

The University of Florida draws upon many alumni-supported loan funds for its student loan programs. As the largest school in the Florida University system, it has the money available to help students to afford school.

Loans can be long or short-term. These are some features of UF's university student loans:

	Short-term	Long-term
Requirements	1 be enrolled at least halftime 2 have a valid repayment source 3 no credit holds	1 be a U.S. citizen, national or permanent resident 2 show need on your FAFSA 3 have satisfactory academic progress 4 no defaults 5 full-time enrollment
Interest rate	1 %	4 % - 9 %
Repayment	by the 1st day of the last month in the semester it was dispersed	up to 10 years
Maximum amount	$1,000 per semester	$3,500 per year

The short-term loans are student loans with no cosigner; the long-term loans do require a cosigner.

There is no grace period for a short-term loan; the long-term loans can have anywhere from 0-12 months as a grace period.

Exit interviews are required for long-term loans; short-term loans do not require them.

The money that is repaid goes directly into the loan fund that it was borrowed from. It is then redistributed to current students as new loans.

These loans are comparable to most private student loans. As with all private loans, it is impossible to know exactly what your terms will be on a long-term loan, until you apply.

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