Other Loans

Federal Perkins Loan

Per Federal Regulations, the authority for schools to make new Perkins Loans ended on Sept. 30, 2017, and final disbursements were permitted through June 30, 2018. As a result, students can no longer receive Perkins Loans.

Borrowers who received the Perkins Loan on or before June 30, 2018:
Heartland ECSI is the billing agency for the University of Hawaii's campus-based loan programs. Heartland ECSI is located in Pennsylvania. To use their interactive Voice Response System, dial 1-888-549-3274. Or you can log on to their website at www.heartland.ecsi.net.

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State Higher Education Loan (SHEL)

The State Higher Education Loan (SHEL) is awarded to Bona Fide Hawaii resident undergraduate and graduate students with financial need. We may offer you a SHEL loan as part of your financial aid package. The funds available for the SHEL loan is limited, so not all aid applicants can be offered SHEL loans. Must be enrolled at least half-time in an eligible degree-seeking program.

Eligibility: Bona Fide Hawaii Resident.
Undergraduate and graduate students.
Demonstrate financial need.
Interest Rate: 5% fixed
Grace Period: 9 months (begins when the student drops below half-time enrollment, leaves school, or graduates)
Promissory Note: Promissory note packets are to be picked up and completed at Financial Aid Services. Due to sensitive information, packets will be mailed only upon request. Packets will only be printed after the student has accepted the loan on MyUH.
Repayment Information: http://www.fmo.hawaii.edu/student_loans/index.html
Loan Collection Office
1404 Lower Campus Road, Building 171-H Room 38
Honolulu, HI 96822
Phone: 808-956-8785 or 808-956-6645
Fax: 808-956-9059
E-mail: uhloans@hawaii.edu

**For detailed information regarding deferment and forbearance options, please contact the Loan Collections Office at (808) 956-8785.

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Private/Alternative Loans

As you pursue your educational goals, we understand that meeting the cost of your education can be a major concern. Once you've exhausted your Federal availability for financial aid, alternative loans are another option to fill in the gap between the offered aid and your total Cost of Attendance.

Alternative Student Loans:

  • Available to students who have received the maximum award amounts under the Federal Family Education Loan Program or met their cost of attendance limit.
  • These loans are sponsored by banks and private lending institutions.
  • The Interest rates and repayment schedules vary.

There are two types of alternative loans:

School Certified
  • You must not have exceeded your cost of attendance.
  • Interest accrues while in-school.
  • Check with your lender for deferment options.
  • To calculate the amount Financial Aid Services can certify, use the following:

        Student's Cost of Attendance
    –              Financial Aid Awarded
    =          Certifiable Loan Amount
  • Applications must be completed with your lender before Financial Aid Services is able to submit your information to the lender.

Non-School Certified
  • You are able to borrow whatever your credit allocates.
  • These loans tend to have a higher interest rate.
  • May only be offered by a few lending institutions.
  • Interest accrues while in-school.
  • Check with your lender for deferment options.
  • Contact your lender to apply for this type of loan.

NOTE: For detailed information regarding Alternative Student Loans, please contact your lender directly.

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Loan Code of Conduct

University of Hawaiʻi at Mānoa participates in the Federal Direct Lending Program; however, we also offer Alternative Loans through Banks and Lending Institutions for those students and parents who may have additional need for a loan outside of the Direct Loan Program. In keeping with the Higher Education Opportunity Act (HEOA) of 2008 and our Program Participation Agreement we abide by the UHM Student Loan Code of Conduct. Please refer to the information on UHM Loan Code of Conduct in Statement of Policies.

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