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Guide for UNC Loans

About UNC Loans

UNC Loans are based on a student’s 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 the student is enrolled at least half-time. UNC Loans are repaid through the University Cashier’s Office.

Accepting or Adjusting UNC Loans

Log into the ConnectCarolina Student Center. Be sure to click the “Student Center” button.

ConnectCarolina ClickThru

Under Finances, look for the link to Accept/Reduce/Decline Award.

On the following screen, you’ll have the option to accept, reduce, or decline your loan offers. To adjust the amount, check the “accept” box and enter the amount you wish to borrow.

Within two or three days, your ConnectCarolina To-Do List may update with additional items, like entrance counseling or completing a Master Promissory Note. We cannot disburse your loans until those steps are completed.



Completing Entrance Counseling/Promissory Notes

To accept a UNC Loan, you’ll need to complete entrance counseling and 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.

The University Cashier’s Office handles promissory notes and repayment for UNC Loans. Visit their website for a step-by-step guide.

Once your electronic promissory note is complete, it may take up to five days for the loan to disburse.