Student Loans for University of Connecticut Students
About University of Connecticut
UConn is a large research university with an undergrad population of 17,300 students, and it offers academic and extracurricular opportunities in just about any field you could imagine. Academically, you can take advantage of a very strong program at a school that has been named the best public university in New England multiple times. The State of Connecticut is very supportive of their flagship university, having donated at least $2.3b from 1995 to the present day in two separate dedicated campaigns to improve the school, called UCONN 2000 and 21st Century UConn. As if you needed another reason to love UConn, their athletic (basketball) programs are exceptional. The men’s basketball team always is a contender in March Madness, while the women’s team has dominated college basketball for years, and owns the longest win streak in all of college basketball with 90 consecutive victories.
Some kids freak out when they’re told they need to budget for time at college; others go off the financial deep end and plan out every last cent they’ll spend during a semester or year at college. Well, if you’re receiving UConn financial aid, we advise you to find a happy medium between those two reactions. You don’t have to measure out everything you’ll spend money on in college, but you should totally keep close track and try to cut out unnecessary expenses. To give you an example: buying three new pairs of jeans/sneakers/whatever on a spontaneous weekend shopping trip? Unnecessary. Buying student tickets for basketball? necessary. Occasionally getting food from Sgt. Pepperoni or Wings over Storrs Totally cool and delicious. Just be smart with your spending.
Applying for UConn Financial Aid
You’ve probably heard this before, but since UConn is public, the only form they require from applicants for UConn financial aid is the Free Application for Federal Student Aid (FAFSA). That’s great! Seriously, it is great, because it’s only one form, and the FAFSA isn’t even that annoying. If you have any specific questions about the way your aid package was put together, just give the UConn financial aid office a call, and an aid counselor will be happy to help you.
Using Student Loans to Cover the Difference
In your UConn financial aid package, you’ll see a smattering of grants, scholarships, work-study programs, and student loans. That’s pretty standard fare – of course, the amounts of each form of aid will vary depending on your financial need, but you’ll receive some mix of these funding sources. For 8% of students, their UConn aid packages aren’t quite enough to cover college costs, and these students wind up taking out private student loans to cover the Cost Of Attending UConn. If you think you’ll need a private student loan, check out our student loan comparison tool to find and apply for the private student loan that’s right for you.
Yes, the University of Connecticut financial aid can provide both graduate and undergraduate students with information on private loans and lenders. If you are considering taking out a private student loan, however, it is recommended that students exhaust their federal options first before applying for private loans. Students can apply for federal loans by filling out the FAFSA form. A preferred list of private lenders for both graduate and undergraduate students is available on the University of Connecticut financial aid webpage. Students interested in private loan options are informed that the terms and conditions as well as interest rates might vary. It is further recommended that students perform an extensive research before applying for loans, and you can use SimpleTuition’s student loan comparison tool to find the loan that best fits your financial profile.
Pay for University of Connecticut*
|Total Avg. Cost||$23,546|
|Room & Board||$9,490|
Financial Aid Information
|Students Receiving Fin Aid||78%|
|Typical Grant Amounts|
|% Receiving Loans||51%|
|Avg. Other Stud. Loans||$12,379|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics