Eagin and Doucette Graduate Loans | University of Portland

Eagin and Doucette Graduate Loans

The Graduate Eagin and Graduate Doucette Loans are institutional loan programs with UP acting as the lender.
Students may see this loan on their award as either “Graduate Doucette Loan” or “Graduate Eagin Loan”. The Graduate Doucette and Graduate Eagin loans are awarded to graduate students. Funds for the program were donated by Blanche Eagin and Richard and Evelyn Doucette.
Graduate Doucette Loans and Graduate 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 the university and during the 6-month grace period. There are no origination or default fees and the interest rate is fixed at 2% (subject to annual evaluation). The repayment period for the Graduate Eagin is 7.5 years and the Graduate Doucette is 7.5 years. These loans will not go back into deferment if a student transfers to a different school.
Application Procedures
To be considered for a Graduate Doucette/Graduate 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 Graduate Eagin/Graduate Doucette Loan) will email you 3-5 business days after you accept the loan with further instructions.

Selection Criteria
To qualify for a Graduate Doucette/Graduate Eagin Loan, students must:
• Meet all eligibility requirements to receive Title IV Aid;
• Fully Accepted to a graduate degree program (not for conditional admits)
• Not be on Financial Aid Suspension

Award Amounts
• Award amounts vary based on availability of funds.

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