Institutional Loans

Denison University has a need-based institutional loan, the Denison Scholar Loan, available up to a maximum of $5,000 annually, that can be requested to help cover gaps in financing.

The Denison Scholar Loan is meant to provide additional funding when needed, therefore when applicable, all federal student loan eligibility must be accepted before being approved for a Denison Scholar Loan.

Denison Scholar Loan is a low-interest student loan that does not accrue interest while you are in school.

• Interest begins accruing 9-months after your enrollment at Denison ends.
• The interest rate on the Denison Scholar Loan is a fixed, 6%.

The Denison Scholar Loan has a 9-month Grace Period after you graduate or after you are no longer enrolled at Denison University before the loan goes into repayment.

University Accounting Services (UAS) is the loan servicer for the Denison Scholar Loan.

• This is where the additional loan requirements (Promissory Note, Loan Certification, and Disclosure Statements) can be completed.
• UAS will notify you when your loan is put into grace period upon graduation or exit from Denison, will communicate billing notifications, and is who you will submit payments to when the loan enters repayment.
• Denison Scholar Loan borrowers will create an account with UAS at UASConnect.com once they receive notification that the loan requirements are available to complete.  

University Accounting Services contact information:

• UASConnect.com
  (844) 870-8701
  University Accounting Services, LLC
  P.O. Box 17238
  Wilmington, DE 19850 

• You can reach out to the Office of Financial Aid to request a Denison Scholar Loan, and a counselor will work with you to determine eligibility.
• Before the Denison Scholar Loan can be disbursed into your account, you must complete the following loan requirements:
  • Loan Application: Provided by the Office of Financial Aid upon request.
  • Promissory Note: This is your agreement to repay your loan.
  • Loan Certification: This is your certification of the Cost of Attendance, your total financial aid (not including the amount of the Denison Scholar Loan for which this is being completed), and the remaining amount of unmet need (Cost of Attendance – Financial Aid).
  • Disclosure Statements: This explains the terms of your loan repayment and estimated monthly payment amounts.
• The Office of Financial Aid will email you when your Denison Scholar Loan application is approved and the Denison Scholar Loan is awarded.
• The Office of Financial Aid will email you again to notify you when your loan information is sent to the loan servicer, University Accounting Services (UAS), to create the loan requirements.  
  • UAS Connect will send you an email with a link and instructions for completing the loan requirements. These requirements must be completed each time you accept a Denison Scholar Loan and if there is an increase in the amount of your already accepted Denison Scholar Loan.
• You will be notified by the Office of Financial Aid prior to graduation of your Denison Scholar Loan balance and exit counseling requirements.
  • We recommend logging back into your UASConnect.com dashboard to update your contact information prior to graduation.
  • UAS will reach out to you to provide you with the exit counseling packet for your completion, which will again go over your rights and responsibilities as a Denison Scholar Loan borrower.
• Repayment begins 9 months after graduation or after you are no longer enrolled at Denison University, at which time a 6% fixed interest rate will begin to accrue during the life of the loan. There is a standard 10-year repayment period unless otherwise noted on your disclosure statements. 

*If you wish to reinstate a loan you have already declined or to modify a loan you have already accepted, please contact the Office of Financial Aid. All requests for loan adjustments must be made in writing via email from your student email address, and a separate form is required for a request to increase an existing loan amount. 

• Once the loan application is received and approved, please allow 5-7 business days to receive an email from University Accounting Services (UAS) notifying you that the institutional loan requirements (loan certification, promissory note, and disclosure statements) are available to review and complete.  
  • Documents can be completed on UASConnect.com and electronically signed.
• The loan requirements must be completed again if the loan amount is increased after the original loan requirements are completed.
• Funds will be disbursed once they have been awarded and the loan requirements are completed at UASConnect.com.
• Please contact the Office of Financial Aid via email to request a reduction or cancellation of your loan.