CAMPUS-BASED LOAN ANNOUNCEMENTS

Institutional Loans (excludes Perkins Loans)**

• UC suspends interest accrual on all Dream Loans and Institutional loans from April 15, 2020 through June 30, 2023.
• UC ceases charging late fees on Dream Loans and Institutional Loans. Late fee assessment stopped from April 15, 2020 through June 30, 2023. Late fees already assessed remain on the account. In addition, UC would cease charging late fees on the $73M it holds in Health Resources and Services Association (HRSA) Loans.*
• Upon borrower request, UC will apply an Administrative Forbearance (ceasing collection entirely) upon borrower request for Dream Loans and Institutional Loans through June 30, 2023.
• UC ceases turning loans over to collections until further notice.
• UC has ceased tax interception on Institutional Loans until further notice. Tax interception for Perkins Loans resumed on December 1, 2022.

**Perkins Loans

• Perkins Loans is considered a privately-owned federal loan and is not part of the Federal loan payment pause or forgiveness. 
• Perkins Loans resumed repayment on January 31, 2021. 
• UC resumed tax interception for Perkins Loans on December 1, 2022.

• 0% Interest Rate - HRSA has instructed us to extend the 0% interest rate on your eligible HRSA loans through June 30, 2023. During this period, you will not be charged interest on your eligible loans. However, payments are still due based on your repayment cycle.  
• Administrative Forbearance – Upon borrower request, UC will apply an Administrative Forbearance through June 30, 2023.  

HRSA loans include:  

• Health Professions Student Loan (HPSL) 
• Primary Care Loan (PCL) 
• Loans for Disadvantaged Students (LDS) 
• Nursing Student Loan (NSL) 
• Nurse Faculty Loan Program (NFLP)