ÈÕº«ÎÞÂë

Types of Aid Available

• University Summer Loan
  • Undergraduate students enrolled in summer may be eligible for the University Summer Loan. Eligibility for the University Summer Loan is based on financial need and availability of the fund. The ÈÕº«ÎÞÂë Summer Loan is interest free while the student is enrolled at least half time and has a fixed 5.0% interest rate in repayment. Repayment begins 9 months after the student falls below half-time enrollment.
• Federal Direct Subsidized or Unsubsidized Loans 
  • Students enrolled in at least 6 credits may be eligible for limited Federal Direct Loan eligibility. 
  • Federal Direct Loans are available only if the student did not borrow all available funding during the prior fall and spring semesters.  
  • Learn more about Federal Direct Subsidized and/or Unsubsidized Loans. 
• Federal Direct Parent PLUS Loan 
  • Learn more about the Parent PLUS Loan in the section for parents below. 
• Federal Pell Grant 
  • In limited cases, based on enrollment status and financial need, a student may be eligible for a Federal Pell Grant.
• Private Education Loans
  • Private educational loans require credit approval (most will require students to apply with a co-signer). Learn more about private education loans.

Note to Students Studying Abroad: Please email Student Financial Services (sfs@uvm.edu) for information regarding aid eligibility.

Types of Aid Available

• Federal Direct Unsubsidized Loan
  • Graduate students enrolled in at least 5 credits may be eligible for limited Federal Direct Unsubsidized Loan eligibility if they borrowed less than $20,500 in Federal Direct Unsubsidized loans in the current academic year. 
  • More about the Federal Direct Loan. 
• Federal Direct Graduate PLUS Loan 
  • Graduate students enrolled in at least 5 credits may be eligible to borrow through the Federal Direct Graduate PLUS Loan program. 
  • Federal Direct Graduate PLUS Loans require a credit check for approval and students can generally borrow up to the cost of attendance, less other aid received for the enrollment period.
  • More about the Federal Direct Loan.
• Additional Funding (Teaching Assistantships, Stipends, Tuition Scholarship, etc.) 
  • Other funding may be offered through your program. 
    • SFS should be informed of additional funding that you are receiving through your program.
• Private Education Loans 
  • Private educational loans require credit approval (most will require students to apply with a co-signer). Learn more about private education loans.

Financial aid for Professional and Continuing Education (PACE) and Certificate (non-degree) students is limited and eligibility varies by program. Determine your eligibility and review other financing options.

A note to Post-Bac Pre-Med students:

The ÈÕº«ÎÞÂë Summer Loan is available to some Post-Bac Pre-Med students based on financial need. To be considered for the ÈÕº«ÎÞÂë Summer Loan you must have submitted your Non-Degree Course Certification for Federal Aid form with your PACE advisor, meet a certain level of financial need, and have unmet financial need after the offer of any Federal Direct Student Loans for which you may be eligible. The ÈÕº«ÎÞÂë Summer Loan also requires a minimum enrollment of 3 credits. If eligible, the ÈÕº«ÎÞÂë Summer Loan covers up to 3 credits of tuition. This loan is interest free while the student is enrolled at least half-time and has a fixed 5.0% interest rate in repayment. Repayment begins 9 months after the student falls below half-time enrollment.

Types of Aid Available

• Federal Direct Parent PLUS Loan 
  • Parents of dependent undergraduate students may borrow a Federal Direct Parent PLUS Loan for the student if the student is enrolled in at least 6 credits. 
  • The Federal Direct Parent PLUS Loan requires credit approval, and the parent borrower should submit their application to apply after April 1 during this current academic year. 
    • If applied for too early, the credit check may expire before the summer session begins, and the parent would then need to reapply. 
  • More about Federal Direct Loans and how to apply.