Skip to content
 Scroll To Top

Covid-19 Office Operations

Our offices are available for phone or video appointments. Email or call for more information. For information, please visit the UA coronavirus information website.

Federal Loans

To apply for Federal Student Loans please complete your FAFSA at

You must complete a Master Promissory Note (MPN) and the Entrance Counseling at

Detailed information on the Stafford Loan and Parent Loan for Undergraduate Students (PLUS) programs is available at the Federal Department of Education.

Review our estimates for your cost of attendance to determine if you will need to borrow a loan to meet your needs.

If a parent chooses to accept a PLUS Loan, the parent must complete the MPN and PLUS Loan Application at

Enrollment Status

In order to receive any Federal Loans an Undergraduate Student must be taking at least 6 credits (half-time) in the program they are admitted to; this also reflects that you are maintaining in-school status.

For Direct Unsubsidized and Subsidized Loans, if you drop below half-time enrollment, you lose your in-school status and the grace period begins. Your first payment is due at the end of the six-month grace period. For more information regarding your repayment please contact your loan lender.

Current Federal Stafford Loan Limits

Stafford Loan LimitsDependent IndependentSubsidized

Freshman  0-29 Credits


Sophomore  30-59 Credits


Junior  60-89 Credits


Senior  90+Credits




Interest Rates and Origination Fees for Federal Student Loans

Loan Type

2019-2020 Interest Rate 

First Disbursed between

July 1, 2019 and June 30, 2020

2019-2020 Interest Rate 

First Disbursed between

July 1, 2020 and June 30, 2021

Origination Fee

FF20 / FF21*

Direct Subsidized Loans (Undergraduate Students)4.53% Fixed2.75% Fixed1.059% / TBA
Direct Unsubsidized Loans (Undergraduate Students)4.53% Fixed2.75% Fixed1.059% / TBA
Direct Unsubsidized Loans (Graduate or Professional Students)6.08% Fixed4.30% Fixed1.059% / TBA
Direct PLUS Loans (Parents and Graduate or Professional Students)7.08% Fixed5.30% Fixed4.236% / TBA

*FFY20 means Federal Fiscal Year 2020 which begins October 1, 2019 and ends September 30, 2020. FFY21 means Federal Fiscal Year 2020 which begins October 1, 2020 and ends September 30, 2021 and will be announced at a later date.

Loan Disbursements

  • In order for a loan to disburse, if you are a first-time Federal Direct Stafford and Graduate PLUS loan borrower you must complete the required online Entrance Counseling and sign the Master Promissory Note (MPN). The Entrance Counseling will take you approximately 20-30 minutes to complete and signing the MPN will take about 10-15 minutes. Please note: We appreciate if you have completed the Financial Awareness Counseling but you must complete the Entrance Counseling in order to receive your loans.
  • Stafford loan disbursement is usually made in two installments. For loan periods over the entire academic year, half of the loan will be disbursed on or after the first day of the fall semester, and the remaining half will be disbursed on or after the first day of the spring semester.
  • Borrowers have 14 days from the date of disbursement or the first day of the term, whichever is later, to decline all or part of the loan amount. The Financial Aid Office will return funds on behalf of the student if this notification is received within the time period; students have the option of repaying loan funds themselves after that period.

Exit Counseling

All students who leave the University of Alaska Southeast either by graduating, withdrawing, or failing to return for a subsequent semester are required by Federal Law to complete the Exit Loan Counseling. This Counseling is to help you understand your rights and responsibilities prior to graduating or leaving school. To ensure compliance of this regulation a hold will be placed on your student account until we can verify that you have completed this requirement.

After you Borrow

Below are a list of frequently asked questions or situations that you may encounter after you begin repayment:

  • To find out who services your federal student loans, and how to contact them, please visit Federal Student Aid.
  • To access your federal loan borrowing history, consult the National Student Loan Data System.
  • Have you borrowed a Direct Loan in the past? You can look up your account status on this Department of Education site. For general questions about your loan, call 888-877-7658.
  • Have you borrowed more than one loan? Loan consolidation may have some advantages for you. Please contact your lender, review the information available from various sources on our Tools and Calculators page, or check out the Federal government's Direct Loan Consolidation program. The only Stafford loan consolidation option available is through Direct.
  • Are you, or will you be, a federal employee? The Federal Employee Student Loan Assistance Act permits federal agencies to repay Federally insured student loans as a recruitment or retention incentive for candidates or current employees of the agency. For more information, see the Office of Personnel Management site of the Federal Government's Human Resources Agency.
  • Education majors are eligible to receive Loan forgiveness for math and special education teachers.
  • Are you working full time in a public service job? Loan Forgiveness for Public Service Employees may be right for you.
  • Need help resolving loan disputes or problems? The OSFA Ombudsman helps borrowers having problems. Please refer below on how to contact the FSA Student Loan Ombudsman Group: 
FSA Student Loan Ombudsman Group
Via Telephone877-557-2575
Via Fax202-275-0549
Via Mail
U.S. Department of Education
FSA Ombudsman Group
830 First Street, N.E., Mail Stop 5144
Washington, D.C. 20202-5144

Alternative (private) Loans

Alternative LoansThese are educational loans offered from private vendors as an alternative (or in addition) to federal loans. These loans are competitive, and it pays to shop for terms, conditions, features and processes. We recommend that you compare interest rates and their components, fees, interest capitalization, repayment terms, credit criteria, and how easy the loan process is. 

Interest rates

In researching interest rates, you may want to consider to what base index the interest rate is tied. The most prevalent indices are the prime rate, LIBOR, and 91-day Treasury Bill. In general, the prime rate is historically higher, LIBOR is most consistent, and 91-day Treasury Bill tends to be lowest. Determine the lender's spread or margin over the index, whether it will remain constant over the life of the loan, and the bottom line on the rate you'll be paying. Is interest capitalized annually or once at repayment? What interest rate will the capitalization be based on? Can interest-only payments be made while you are in school?

Fee structures

Fee structures can vary. Up front (origination) fees can range from 0% to 16%. Sometimes, fees from 0% to 6.5% are charged when a loan goes into repayment. Are the fees capitalized onto the principal before entering repayment? Is interest capitalized before repayment fees are calculated?

Repayment terms

What about repayment terms? Are there multiple repayment options? For example, are tiered payments possible? Or, if you have Stafford loans, is it possible to have the alternative loan serviced with them? Are there any prepayment penalties? How flexible is the length of the repayment?

Credit criteria

Alternative loan lenders have established credit criteria. A lender will use the information in your credit report to determine your willingness and ability to repay. Generally speaking, the easier it is to qualify, the more you're going to pay in fees and interest. If it sounds too good to be true, it probably is! Usually, a lack of credit doesn't necessarily mean "bad" credit. However, better interest rates and lower fees can be had with a credit-worthy co-signer. Keep in mind that it is possible to request a lender to take a "second look" at your credit record by submitting additional information. Request a copy of your credit record and review its accuracy before you apply.

Loan process

Features of the loan process itself may affect your decision. Is the application easy to complete? How long will the credit decision take? Are credit exceptions ever considered? How long will it be before the loan is disbursed? Can the funds be transmitted electronically, or will a paper check have to be mailed? Can a paper check be expedited? Is the lender difficult to work with? Can you talk to a real person?


Content maintained by Financial Aid. Feedback Form