Eagin and Doucette Undergraduate Loans

Eagin + Doucette Undergraduate Loans

The Eagin and Doucette Loans are institutional 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. Funds for the program were donated by Blanche Eagin and Richard and Evelyn Doucette.

Doucette Loans and 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 for the Eagin is 10 years and the Doucette is 7.5 years. These loans will not go back into deferment if a student transfers or goes on to graduate or professional school at a different school. 

Application Procedures

To be considered for a Doucette/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 your Eagin/Doucette Loan) will email you 3-5 business days after you accept the loan with further instructions.

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)
• Or, be an undergraduate student with less than 30 earned credits, if the Parent PLUS loan has been denied, and be enrolled at least half time in a first undergraduate degree,
• Or, be an independent undergraduate student, with less than 30 earned credits enrolled at least half time in a first undergraduate degree,
• Not be on Financial Aid Suspension

Award Amounts

• Award amounts vary based on availability of funds.