Loans

Loans at UNCW are offered through the William D. Ford Direct Loan Program, which issues loans directly from the federal government.

UNCW encourages you to review all information about loans before deciding to borrow and borrow only what you need.

Loans must be repaid, with interest, but federal loans are advantageous because they offer low interest rates and more flexible repayment plans than most private loans.

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Half-Time Status Required: Your student loans for each term will not be disbursed until you have reached half-time status.

For Undergraduate students, half-time status is defined as having 6 credit hours of active enrollment in each semester (Fall, Spring, or Summer). For Graduate students, half-time status is defined as having 4.5 credit hours of active enrollment in each semester

The timing of disbursements depends on when the student is scheduled to reach half-time status.

Federal student loans are not available for less-than half-time enrollment. Students enrolled less than half-time may apply for a private/non-federal loan online. 

Federal Perkins Loan Terms

The Perkins Loan Program has expired and is no longer available.

Plus Loan Interest Rates

For Direct PLUS Loans first disbursed on or after July 1, 2021, and before July 1, 2022, the interest rate is 6.28% (up from 5.30%). These are fixed interest rates for the life of the loan.

Loan Fees

There is a loan fee on all Direct PLUS Loans. The loan fee is a percentage of the loan amount and is proportionately deducted from each loan disbursement. The percentage varies depending on when the loan is first disbursed, as shown here.

Loan Fees for Direct PLUS Loans

More about managing loans, repaying loans, loan servicers, and more is available by viewing Federal Student Aid's webpage on Federal Interest Rates and Fees.