Orange barUVM offers loan financing options to students through several institutional loan programs. Loan terms vary by program.

Loans are borrowed money which must be repaid with interest.

A FAFSA must be filed in order to determine your loan eligibility. Once your FAFSA has been filed, be sure to submit any outstanding requirements so that your aid can be determined. SFS will include your maximum aid eligibility in your award based on your financial need and eligibility.

Clark Loan (Vermont Resident Undergraduate Students)

Available to undergraduate students enrolled at least half-time, be a Vermont resident born in Vermont, and are eligible based on financial need

  • Must submit your FAFSA before our priority deadline and demonstrate exceptional financial need
  • Must be a Vermont resident born in Vermont
  • Interest rate: 5%
  • Repayment starts: 9 months after student graduates or enrollment fall below half-time
  • No origination fee
  • To retain eligibility in future years, along with financial need, student must also maintain a cumulative GPA of 3.2 or higher

UVM Loan (Undergraduate Students)

Available to undergraduate students and is based on financial need

  • Interest rate: 5% (does not accrue interest while the student is enrolled at least half-time)
  • Repayment starts: 9 months after student graduates or enrollment falls below half-time
  • No origination fee
  • A promissory note (PN) must be completed each year the loan is borrowed through the student myUVM portal.

Dr. Robert Larner Loan - (Medical Students)

Available to medical students
Terms for loan borrowed on/after 7/1/07

  • Interest rate: 5%
  • Payment deferred in residency: Yes, up to 3 years
  • Repayment period: 6 years
  • Grace period: 9 months

Benjamin Adams Loans (Vermont Resident Medical Students)

Available to medical students who are Vermont residents

  • Interest rate: 5%
  • Payment deferred in residency: No
  • Repayment period: 10 years
  • Grace period: 6 months

Bennett Loan (Vermont Resident Medical Students)

Available to medical students who are Vermont residents

  • Interest rate: 0%
  • Payment deferred in residency: Yes, up to 3 years
  • Repayment period: 10 years
  • Grace period: 9 months