• Before Applying
  • Student Application Form
  • Parent Plus Application Form

Before completing your Student Loan Application, you must:

  • Have processed your 2013-2014 Free Application for Federal Student Aid (FAFSA).  Should you be selected for the Verification Process, you must have completed your file.
  • Read the Financial Aid Student Guide.    In this guide you will find valuable information about the Federal Student Loan Program.
  • Meet the following eligibility requirements:
    • Be enrolled at least part-time
      • Undergraduate Students:  6 credits per trimester
      • Graduate students:  3 credits per trimester
  • Meet the Satisfactory Academic Progress Standards of Polytechnic University of Puerto Rico
  • Be admitted as a regular student
  • Have not defaulted previous student loans or do not owe a refund on a federal student grant
  • Have financial need
  • If you receive veteran’s benefits, vocational rehabilitation or other benefits provided by Federal agencies or the employer, you must report those benefits to the Financial Aid Office.

 

Every student should comply with all eligibility requirements in each trimester to be eligible to receive student loan funds.  If you do not meet the eligibility requirements when the Institution receives your loan funds, those funds will be returned to the federal government.

 

Annual Loan Limits for Student’s Grade Level

Credits

Grade Level

Loan Program

Loan Limits

 

Undergraduate Program

 

Dependent Student

Independent Student

0 – 30

1

Subsidized

$ 3,500

$ 3,500

Unsubsidized

$ 2,000

$ 6,000

31 – 60

2

Subsidized

$ 4,500

$ 4,500

Unsubsidized

$ 2,000

$ 6,000

61 - 90

3

Subsidized

$ 5,500

$ 5,500

Unsubsidized

$ 2,000

$ 7,000

91 - 120

4

Subsidized

$ 5,500

$ 5,500

Unsubsidized

$ 2,000

$ 7,000

120 or more

5

Subsidized

$ 5,500

$ 5,500

Unsubsidized

$ 2,000

$ 7,000

 

Graduate Program

Subsidized

 

$ 0

Unsubsidized

$ 20,500

Interest Rates for Stafford and PLUS Loans under Federal Family Education Loan Program (FFELP) and Direct Loan Program
Rates effective July 1, 2012

 

 

 

Loan Program

 

 

Grade Level

Interest Rate for Loans first disbursed  between July 1, 2012 and June 30, 2013

Interest Rate for Loans first disbursed  between July 1, 2013 and June 30, 2014

 

 

Subsidized Loan

Undergraduate

3.40

3.86

Graduate

n/a

n/a

 

 

Unsubsidized Loan

Undergraduate

6.80

3.86

Graduate

6.80

5.41

 

 

 

PLUS Loan

Graduate students and Parents of undergraduate students

 

7.90 Direct Loans

 

6.41 Direct Loans

 

 

Origination Fees:  An origination fee will be deducted proportionately from each loan disbursement to cover processing costs incurred by the Federal Government. 

 

Loan Program

 

Origination Fee

Subsidized and Unsubsidized Loans

1.051%

PLUS Loans

4.204%


Important information for students applying for federal student loans:

  1. You will need approximately 30 to 60 minutes to complete your loan application.
  2. Make sure you complete the following documents:
    1. Student Loan application
    2. Entrance Counseling
    3. Master Promissory Note (MPN)

Information you must gather before starting the application process:

  1. Your Personal Identification Number (PIN).  You can get you PIN at www.pin.ed.gov .
  2. Personal Information
    1. Home Address
    2. Mailing Address (if different from your home address)
    3. Phone number
    4. E-mail address
  3. Employer information
    1. Employer name
    2. Employer address
  4. College Name:  Universidad Politécnica de Puerto Rico / Polytechnic University of Puerto Rico
  5. Information of References of two people that you know for the past 3 years.  The first reference should be of your father/mother or of the legal tutor.
    1. Reference Name
    2. Complete Address
    3. Phone number
    4. Relationship with student
You must agree that you have read the information above to continue. I certify that I have read the requirements to apply for and to receive federal student loans.  I also accept the terms and I understand that if I do not meet all the requirements to apply for a student loan and/or to receive those funds, they can be denied, canceled or returned to the federal government at any moment during the academic year.
Download the Student Loan Help PDF document to help you complete the process.

 

(online)

 

Important information for parents applying for a Parent PLUS loans:

  1. You will need approximately 30 to 60 minutes to complete your loan application.
  2. Make sure you complete the following documents:
    1. Parent PLUS Loan application
    2. Master Promissory Note (MPN)

Information you must gather before starting the application process:

  1. Your Personal Identification Number (PIN).  You can get a PIN at www.pin.ed.gov .
  2. Parent's Information
    1. Home Address
    2. Mailing Address (if different from your home address)
    3. Phone number
    4. E-mail address
  3. Employer information
    1. Employer name
    2. Employer address
  4. School Name:  Universidad Politécnica de Puerto Rico / Polytechnic University of Puerto Rico
  5. Information of References of two people that you know for the past 3 years.  The student cannot be included as a reference.
    1. Reference name
    2. Complete address
    3. Phone number
    4. Relationship with student
  6. Student's Information
    1. Name:  First, Middle Initial and Last Name
    2. Social security number
    3. Date of birth
    4. Mailing address
    5. Phone number
You must agree that you have read the information above to continue. I certify that I have read the requirements to apply for and to receive federal student loans.  I also accept the terms and I understand that if I do not meet all the requirements to apply for a student loan and/or to receive those funds, they can be denied, canceled or returned to the federal government at any moment during the academic year.
Download the PLUS Loan Help PDF document to help you complete the process.

(online)