Eagin + Doucette Loans

The Eagin and Doucette Loans are university-based loan programs with UP acting as the lender. 

Students may see this loan on their award as either “Doucette Loan” or “Eagin Loan”. The Doucette and Eagin loans are awarded to undergraduate students with financial need. Funds for the program were donated by Blanche Eagin and Richard and Evelyn Doucette. Doucette Loans and Eagin Loans are subsidized with interest suspended while the student is in school and during a 6-month grace period following graduation or withdrawal. There are no origination or default fees and the interest rate is fixed at 5% (subject to annual evaluation). The repayment period is 7.5 years. These loans will not go back into deferment if a student goes on to graduate or professional school. 

Application Procedures

To be considered for a Doucette/Eagin Loan, students must:

• File a FAFSA;
• Complete verification, if selected;
• Accept the award via Self Serve Banner; and
• Sign a Master Promissory Note.

Selection Criteria

To qualify for a Doucette/Eagin Loan, students must:

• Meet all eligibility requirements to receive Title IV Aid;
• Be an undergraduate student with at least 30 earned credits and enrolled at least half-time (6 credits);
• Be a US citizen;
• Demonstrate financial need; and
• Not be receiving a Perkins or Nursing Loan in the same academic year.

Award Amounts

• Award amounts vary based on availability of funds and financial need.