Eagin Loans

Eagin Loans are an institutional loan program with UP acting as the lender. 

Students may see this loan on their offer listed as “Eagin Loan.” Funds for Eagin loans were donated by Blanche Eagin and are awarded to undergraduate students. 

Eagin Loans are non-need-based, subsidized loans with interest suspended while the student is in school and during a 6-month grace period following graduation or withdrawal. Payments are automatically deferred while the student is enrolled at least half-time and during the 6-month grace period. 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 borrow an Eagin Loan, students must:

• File a FAFSA;
• Complete verification, if selected;
• Accept the loan via Self Serve Banner; and
• Sign a master promissory note (MPN). ECSI (the servicer for Eagin Loans) will email you three to five business days after you accept the loan with further instructions.

Selection Criteria

To qualify for an Eagin Loan, students must:

• Meet all eligibility requirements to receive Title IV Aid;
• Be an undergraduate student with at least 30 earned credits and be enrolled at least half-time (6 credits),
• Or, be an undergraduate student enrolled at least half-time with fewer than 30 earned credits if the Parent PLUS loan has been denied, 
• Or, be an independent undergraduate student with fewer than 30 earned credits and be enrolled at least half-time,
• Not be on Financial Aid Suspension

Award Amounts

• Award amounts vary based on availability of funds.

Note: Eagin Loans are not reflected in the National Student Loan Data System and are not eligible for Direct Loan consolidation.