Student Loans, unlike grants or scholarships, are borrowed funds that must be repaid. These loans cannot be cancelled, even if you do not like your university experience, do not obtain a job in your field of study, or are facing financial hardship.
The links on the right describe the loan programs available to UIC students.
Repaying Your Loans
Once you graduate, leave school, or fall below half time enrollment, you will have to start repaying your loans. You can access your total federal student loan history at the National Student Loan Data System (NSLDS). On NSLDS, you can find the servicer for your federal student loans. You can discuss repayment of your Perkins Loans and PCL Loans with University Student Financial Services and Cashier Operations (USFSCO) and ACS.
Also, some service programs will help repay your student loans in exchange for service commitments. See our Service Awards page for more information.