This page pertains to the disbursement of University of Louisville campus-based (Federal Perkins, Health Professions, Loans for Disadvantaged Students, Primary Care, Kentucky Colonel and Burgess) long-term loans.
All of the above mentioned loans are transferred directly to the borrower's student account at the Bursar's Office. Note, however, that campus-based loans will be transferred only if the borrower meets the conditions outlined below.
Enrollment: The borrower must be enrolled for the semester in which he/she is to receive the financial aid.
Course Load: The borrower must be registered for the number of hours on which his/her financial aid award is based. Since an award is based on charges for the number of hours the borrower is expected to take, a reduction in his/her course load will require an adjustment in award. If the borrower is funded for less than full-time enrollment, the number of expected hours is noted on his/her Financial Aid Notification.
Entrance Interview: A completed loan entrance interview is required for all campus-based loans. Perkins/Health Professions/Institutional Loan Entrance Interviews: Entrance interviews are completed on line.
Promissory Note: Perkins/Health Professions/Institutional Loan Master Promissory Note: The borrower must sign a Master Promissory Note (MPN) at the beginning of the first award year in order to receive a Federal Perkins Loan. The MPN authorizes the University of Louisville to disburse multiple loans during the multi-year term of this note upon your request and the school's determination of your loan eligibility. Subsequent loans may be made under this note for the same or subsequent periods of enrollment at the school.