UNC Loans are based on financial need and administered by the University. If you complete a FAFSA and are found eligible, a UNC Loan may be offered as part of your overall financial aid package.
Interest rates are fixed at 5%, and interest is deferred as long as you are enrolled at least half-time. UNC Loans are repaid to ECSI, the loan servicer.
Once you decide to borrow money, you will have the option to accept, decline or adjust your offered loan amounts. To receive your loans, you will need to complete certain loan requirements, such as loan entrance counseling and sign a master promissory note. Any loan requirements you need to meet will appear on your To-Do list in the Student Center of Connect Carolina.
Accepting, Declining or Adjusting Loans
Completing Promissory Notes
To receive a UNC Loan, you’ll need to complete a promissory note. Within a few days of accepting your loan in ConnectCarolina, you should get an email from ECSI with login information and a PIN number to help you complete this task.
The University Cashier’s Office handles ECSI promissory note issues. Visit their website for a step-by-step guide on these topics.
Once your electronic promissory note is complete, it may take up to five days for the loan to disburse.