Financial Aid and Scholarships

Student Loans pic

Student Loans

Student loans are borrowed money that must be repaid, with interest. There are four types of student loans available, Federal, State, Institutional (from the college you are attending) and Private.

Current Student Loans Available:

Federal Loans

Federal loans are awarded to students who complete the Free Application for Federal Student Aid (FAFSA) and who have been admitted to UMKC.

The most common student loans are:

Perkins Loan

Stafford Subsidized Loan

Stafford Unsubsidized Loan

Parent PLUS Loan

Graduate PLUS Loan


Federal Loans are available to undergraduate, graduate and professional students. There are limits on the amounts that students can borrow in Stafford and Perkins loans that vary based on the student's grade level, program of study and on the student's need as determined by the FAFSA. The U.S. Department of Education's publication, Your Federal Student Loans is a great resource for reading more about federal loans.

First time borrowers are required to complete entrance counseling and sign a Master Promissory Note before any loan funds will disburse to the school.

Federal Loans do not need to be repaid until the student has graduated or stopped attending college at least part-time.

State Loans

The State of Missouri currently has loans available for Health Professional students.  Students in Health Professional degree programs (Dentistry, Medicine and Nursing) should visit the Missouri Division of Health and Senior Services (DHSS) website to find additional details:

If you are not from Missouri, you should check with your state's Higher Education Authority to find out if special student loans are available to you as a resident of that state.

UMKC Institutional Loans

UMKC offers Institutional loans to help students meet their Cost of Attendance. The majority are awarded automatically based on completion of the FAFSA by March 1. To find out more about these institutional loans, contact us.

UMKC also offers Short Term Loans for students enrolled at UMKC. These are available for emergency or unexpected circumstances and must be paid off by the end of the semester in which it was borrowed. See the Short Term Loan Policy to see eligibility requirements and restrictions. Visit the Financial Aid and Scholarships Office in person to apply for a Short Term Loan.

Health Professional Loans

There are additional loans available to students in Health Professional degree programs at UMKC, in addition to Federal and Institutional Loans. There are several Institutional Loans for Health Professional students that will be awarded based on filing a FAFSA and meeting eligibility criteria. Other loans available to Health Professional students include:

Health Professional Loan (HPL)

Primary Care Loan (PCL)

Loans for Disadvantaged Students (LDS)

Nurse Faculty Loan Program (NFLP)

Primary Care Resource Initiative for Missouri (PRIMO)

Health Professional Nursing Student Loans

Private Loans

UMKC's Financial Aid and Scholarships Office encourages students to take advantage of all sources of federal aid before turning to private loans (also called alternative loans). If you're interested in applying for federal financial aid, please visit

Private loans are credit based loans offered through a variety of banks and other lenders and do not require students to fill out the FAFSA. Private loans must be repaid separately from federal loans and you should carefully consider each option.


  • Interest rates
  • Are there any fees associated with the loan? Ask about both up front and backend fees
  • Approval Rate: the overall rate that applicants are approved for a loan
  • Co-Signer Release
  • Customer Service
  • Benefits to the Loan
  • Whether accruing interest is added to the principal amount of the loan while you are enrolled in school
  • Are payments required while you are in school? Some lenders require payments while you are in school and some do not. In the long-term, it's in your best interest to make payments while you are in school but this may not fit in your budget


  1. Decide on a lender of your choice
  2. Apply for a loan with the lender completing the application paperwork
  3. As a part of the process the lender will provide you with an Approval Disclosure, Applicant Self Certification form and Acceptance of Loan Terms form. The Applicant Self Certification and Acceptance of Loan Terms must be signed (electronically or via paper) and returned to the lender. Also note that if you choose not to file the FAFSA and only want to pursue a private loan, you must complete an Alternative Loan Request Sheet and return it to the UMKC Financial Aid and Scholarships Office.
  4. UMKC Financial Aid and Scholarships will be notified by your lender that you have completed an application. The lender requires us to verify you are eligible to receive the loan. This is called the certification process.
  5. UMKC Financial Aid and Scholarships will review your account, add the loan to your financial aid package and send the certification information to your lender.
  6. The lender sends you a Final Disclosure. After a regulatory waiting period (several days long), the lender sends the funds to the UMKC Financial Aid and Scholarships Office.
  7. UMKC Financial Aid and Scholarships disburses the funds to the Cashiers Office.


If you apply for an Alternative Loan, please note that the Applicant Self Certification Form is a federal requirement through the Truth In Lending Act (TILA) and the Higher Education Act of 1965, as amended (HEA). The lender may provide you with the self-certification form or you can also obtain the form at this link, Private Education Loan Applicant Self-Certification form. If you need help completing this form, please contact the Financial Aid and Scholarships Office at 816-235-1154 or


The UMKC Financial Aid and Scholarships Office annually goes through a formal review process to assess loan products from private lenders. This is an effort to help students begin the process of searching for a private lender and to help you make informed decisions. A committee of financial aid staff annually requests information from lenders regarding loan products and evaluates them based on many factors. These include but are not limited to interest rates, loan terms and conditions, benefits, customer service, approval rate, UMKC student experience with the lender, etc. The University adheres to a Code of Conduct for Student Loans that prohibits inducements by private lenders.

The link below allows students to research and compare alternative loan options on UMKC's Preferred Lender List using "FASTChoice". Please note that this list is not a comprehensive list and students are free to pursue any private lender of their own choice including lenders that are not in the list.

Loan Repayment

Whether you're interested in attending school, currently working on obtaining a degree or have graduated and begun repayment on your student loans, you may want to know what options are available when it comes to student loan debt. It is important to plan how much you can afford to borrow for school. It is also important for your personal financial health to keep your loans in good standing.

If you're having trouble making loan payments, consider contacting your loan holder to talk about the options below.

Level / Standard


Income Sensitive


Income Based (New July 1,2009)



Loan consolidation involves applying for a new loan to pay off several existing loans. Students who have borrowed Federal loans (Stafford, Perkins, Health Professional-HPL or Graduate PLUS) can consolidate these loans through a Federal Consolidation Loan. A Federal Consolidation Loan has a fixed interest rate (based on a weighted average of the underlying loan interest rates) and is eligible to be placed on any of the Repayment Plans that a borrower qualifies for. Consolidation is ideal for students who have borrowed through multiple lenders, as it provides a single monthly payment to one lender. Currently, the Federal Direct Consolidation Loan Center is offering consolidation loans to the most borrowers. Contact the Information Center to find out if Consolidation is the right choice for you.

Private student loans cannot be consolidated with federal loans. Some private loan companies will allow you to consolidate multiple loans with them, but eligibility and availability is at the discretion of the lender. Contact your lender to see what options are available.

National Student Loan Data System (NSLDS) for Students

The National Student Loan Data System (NSLDS) is the U.S. Department of Education's (ED's) central database for student aid. NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other Department of ED programs. NSLDS Student Access provides a centralized, integrated view of Title IV loans and grants so that recipients of Title IV Aid can access and inquire about their Title IV loans and/or grant data.

acrobat icon The Before You Owe Worksheet is a tool you can use to record your loan balance and servicer information before you take on additional debt.

FAFSA Information

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