A loan is money you borrow and must pay back with interest.


Federal regulations require students to attend at least half-time to be eligible for student loans. Loans are debt obligations with serious legal implications. Please take some time to familiarize yourself with loan requirements and implications. If you have any questions or need help understanding loan debt, a representative from Student Financial Services can assist.

All loans must be repaid to your lender according to the terms of your loan disclosure. UMA is not your lender. Contact your lender immediately upon dropping below ½ time, leaving school and/or graduation. When you begin repayment remain in contact with your loan servicer assigned by the Department of Education especially if you are having difficulties with your payments.

Loan Programs

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Loan Glossary