It is a loan that is required to be repaid with interest. This loan has a 9-month grace period after you are last enrolled at Denison University before repayment begins and interest starts to accrue. The interest rate is 6%. If you reenroll after going into repayment, you will remain in repayment on the loan unless an In-School Deferment request is submitted to and approved by UAS. On-time payments will help build your credit score and late or missed payments could have a negative impact on your credit score.
Upon approval and acceptance of the loan, loan disclosure statements will be created by UAS, and you will receive an email when they are available for you to review and complete. These documents are your legal agreement that it is a loan that must be repaid and they also include the terms of the loan, expected monthly payments, and estimated initial payment due date. These documents must be completed online at UASConnect.com before the accepted DSLI can be disbursed.
Please return the completed and signed application to The Office of Financial Aid, 5th floor Burton Morgan Center or email as a PDF attachment to finaid@denison.edu. Typed signatures will not be accepted.
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