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 institutional loan, you will need to complete a promissory note on the ECSI website. Any loan requirements you need to meet will appear on your To Do list in your ConnectCarolina Student Center.
Taking Action on Loans
Completing Promissory Notes
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 will take at least five business days for the loan to disburse.