On Sunday, August 25th from 8:00 am MT until 10:00 AM MT, our self-service phone menu and payment system will be unavailable due to scheduled maintenance; however, our website and online portal will remain available during this time. We apologize for any inconvenience this may cause.

Website Legal Policies and Disclaimers

Legal Policy

THIS SITE IS PROVIDED SOLELY FOR YOUR CONVENIENCE. BY ACCESSING AND BROWSING THIS SITE, YOU EXPRESSLY AGREE TO BE BOUND BY THE FOLLOWING TERMS AND CONDITIONS WITHOUT LIMITATION OR QUALIFICATION. ACCESS TO AND USE OF THIS SITE MAY BE PROHIBITED IN CERTAIN JURISDICTIONS. IF YOU ACCESS THIS SITE, YOU DO SO AT YOUR OWN RISK, AND YOU ARE RESPONSIBLE FOR COMPLYING WITH THE APPLICABLE LAWS OF YOUR JURISDICTION.

 

The term “UHEAA” is used herein for convenience only, and refers to the Utah Higher Education Assistance Authority. This site and the information, products and processes to which it refers are intended to be used only by residents of the United States. The information contained on this site is for informational purposes only and shall not constitute or be considered as a solicitation or an offer to buy or sell any securities or other financial instruments.

 

The Utah Higher Education Assistance Authority (UHEAA), a subsidiary of the State Board of Regents, administers Utah’s student financial aid programs, including the student loan guarantee program and secondary market, state need-based financial aid, the Utah Educational Savings Plan Trust (UESP), and the Utah Engineering and Computer Sciences Loan Forgiveness Program. UHEAA’s mission includes comprehensive outreach and information to assist citizens in planning for and financing postsecondary education, and special programs to keep student loans affordable and help borrowers avoid delinquencies and defaults.

 

All data and information contained in this site and any linked sites are provided “AS IS” without any express or implied representations or warranties of any nature. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, UHEAA HEREBY DISCLAIMS ALL WARRANTIES OF NONINFRINGEMENT, COMPLETENESS, MERCHANTABILITY, ACCURACY, AND FITNESS FOR A PARTICULAR USE OR PURPOSE WITH RESPECT TO THE DATA AND INFORMATION CONTAINED ON THIS SITE AND ANY LINKED SITES AND THE PRODUCTS OR PROCESSES TO WHICH THE INFORMATION REFERS.

 

You are solely responsible for determining, prior to use, whether the information contained on this site and any linked sites and the products or processes to which the information refers are suitable for your purpose. Under no circumstances shall UHEAA be liable for any damages of any nature whatsoever resulting from the use of this site and any linked sites, or reliance upon any data or information contained thereon or any defect, error, omission, insufficiency, or deficiency in such data or information and/or the products or processes to which it refers. Furthermore, UHEAA shall not be liable for any performance, failure of performance, communications delays, computer viruses, or the like obtained from this site regardless of the purposes. In no event shall UHEAA be liable for any damages to computer equipment or other property that results from accessing, using, or browsing this site and any linked sites or downloading any materials, data, text, images, video, audio, or the like from this site and any linked sites.

 

Applicable copyright laws protect the contents of this site. Nothing contained in this site and any linked sites should be construed by implication, estoppel, or otherwise as a license under any intellectual property right of any entity, or as a suggestion, recommendation, or authorization to take any action that would infringe any patent or other intellectual property right. UHEAA makes no representations or warranties, express or implied, that the use of any information contained in this site and any linked sites will not infringe any patent or other intellectual property right. UHEAA, and third parties granting rights to UHEAA, hold all right, title, and interest in and to the materials on this site. No intellectual property rights in and to the information and materials on this site are transferred to visitors of this site. The trademarks, logos, and service marks displayed on this site are owned by UHEAA or a third party, and may be registered in one or more, but not necessarily all, countries.

 

You may use and display the materials on this site only on your personal computer and only for purposes associated with your interaction with this site. Except as stated herein, you may not copy, download, display, perform, reproduce, distribute, modify, edit, alter, or enhance any of the materials on this web site in any manner. You agree not to “frame” or “mirror” this site and any materials contained on it or accessible from it without the advanced written authorization of UHEAA. The information provided on this site is not intended for distribution to, or use by, any person in any jurisdiction where such use or distribution would be unlawful under the securities laws or regulations of such jurisdiction.

 

The appearance of any links on this site does not constitute an endorsement by UHEAA of the linked site, any link contained on the linked site, or information, products, or services contained therein. UHEAA does not exercise any editorial control over the content of linked sites, and is not responsible for such content or the links displayed on such sites. Links are provided for convenience only.

 

Any information that you transmit via this site and any linked site by electronic mail or otherwise, including, without limitation, any ideas, concepts, know-how, techniques, data, questions, comments, suggestions, your IP address, name, address, or the like will be considered non-confidential and may be used by the receiving party for any purpose.

 

Any action related to the use of this site, any linked site, or the information contained therein shall be governed by the laws of the State of Utah, U.S.A., without regard to the choice of law provisions, and you agree to submit to the jurisdiction of the courts located in the State of Utah for the resolution of all such disputes. The foregoing provisions are severable. If any provision is held to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.

 

Borrower Benefits Legal Disclosure

UHEAA Borrower Benefits are subject to change without notice.

The Federal Family Education Loan Program Borrower Benefits

UHEAA will reduce the interest rate charged to borrowers on Federal Stafford and Federal Parent and Graduate/Professional PLUS loans that are guaranteed and owned by UHEAA as determined by the date of loan servicing begin date (repayment date):

– For loans first disbursed on or after July 1, 2008, by 0.25%.
– For loans first disbursed on or after January 1, 2008 and before July 1, 2008, by 0.50%.
– For loans first disbursed on or before December 31, 2007, by 1.25%.

UHEAA will reduce the interest rate charged to borrowers on Federal Consolidation loans that are guaranteed and owned by UHEAA as determined by the date of first disbursement and UHEAA’s ability to continue providing the benefit to borrower. The interest rate is currently being reduced as follows: (please note that UHEAA indefinitely suspended originating Federal Consolidation loans effective September 1, 2008):

– For loans disbursed on or after January 1, 2008 and before April 30, 2008, UHEAA will reduce the interest rate by 0.25%.
– For loans first disbursed on or after May 1, 2006 and before December 31, 2007, UHEAA will reduce the interest rate by 0.50%.
– For loans disbursed on or before April 30, 2006, UHEAA will reduce the interest rate by 1.25%.

Please be advised, UHEAA Borrower Benefits are subject to change without notice and are subject to the following:

– In order to qualify for the Automatic Payment Benefit, all of a borrower’s loans serviced by UHEAA must be set up for automated payments.
-Loans in deferment, forbearance or grace status are not eligible for the Automatic Payment Benefit. 
-An Automatic Payment Benefit application received for a loan in deferment, forbearance or grace status will be processed once the loan enters repayment.
-The Automatic Payment Benefit interest rate reduction will remain in effect as long as UHEAA determines it can provide the benefit. 
-The benefit may be reduced or eliminated at UHEAA’s discretion.
-The Automatic Payment Benefit may be canceled if the loan has a returned transaction for any reason. For example. NSF, Account Closed, Incorrect Transit/Routing number, deferment or forbearance.
-If the Automatic Payment Benefit is not canceled upon deferment or forbearance, the loans accrue interest at the federal statutory rate, not the reduced rate, during periods of deferment and forbearance. During periods of deferment, the U.S. Department of Education will pay the accrued interest on subsidized loans at the statutory rate.

For Federal Stafford loans guaranteed by UHEAA between May 1, 2000 and June 30, 2009, UHEAA will credit to the borrower’s principal loan balance, upon purchase of the loans by LPP, an amount equal to the Origination Fee originally deducted from the borrower’s loan proceeds.

Federal Parent and Graduate/Professional PLUS guaranteed by UHEAA between May 1, 2000 and June 30, 2009, and on or before December 31, 2007, UHEAA will credit to the borrower’s principal loan balance, upon purchase of the loans by LPP, an amount equal to the Origination Fee originally deducted from the borrower’s loan proceeds.

This benefit is subject to the following:

-Federal Stafford or Federal Parent and Graduate/Professional PLUS loans purchased by LPP, then immediately paid by a Federal Consolidation loan, are eligible for this credit. Federal Stafford or Federal Parent and Graduate/Professional PLUS loans paid by a Federal Consolidation loan prior to LPP purchasing the Federal Stafford or Federal Parent and Graduate/Professional PLUS loan are not eligible for this credit.

-The Origination Fee Credit Benefit is applied to the account balance within 30-60 days of loan purchase by LPP.

-The Origination Fee Credit Benefit can only be applied as a credit to the loan principal. The borrower may not receive a direct refund. In the case of a payment in full prior to receipt of the credit, the credit is posted to the principal loan balance and any overpaid amount is refunded to the borrower by check.

For Federal Stafford or Federal PLUS loans guaranteed by UHEAA prior to May 1, 2000 and first disbursed on or after January 1, 1995, UHEAA will credit to the borrower’s principal balance an amount equal to the Origination Fees paid by the borrower in excess of $240 after the borrower pays the first 24 monthly payments on time.

The Timely Payment Origination Fee Credit Benefit is subject to the following:

– The borrower is allowed to make three late payments between 15 and 30 days after the due date without losing eligibility for the Timely Payment Origination Fee Credit Benefit.
– The borrower is immediately disqualified from the Timely Payment Origination Fee Credit Benefit if a payment is 31 days or more delinquent.
– The Timely Payment Origination Fee Credit Benefit is the net amount of origination fees charged to the borrower in excess of $240. To qualify for this benefit the total indebtedness of a borrower’s loans held by LPP must exceed $8,000.
– Periods of time when a loan is in deferment or forbearance are not used to calculate the 24-month time period.
– Lump-sum payments count as eligible monthly payments if the due date is advanced. If the borrower instructs UHEAA to post a lump sum payment as a principal reduction and advises UHEAA not to advance the due date, the lump sum amount will count as one monthly payment.

Please be advised, UHEAA Borrower Benefits are subject to change without notice.

The Timely Payment Benefit is dependent on the following criteria:

– Federal Stafford or Federal Parent and Graduate/Professional PLUS loans guaranteed by UHEAA that first entered repayment on or after January 1, 2008 and before April 30, 2008, UHEAA will reduce the outstanding balance by 2% if the borrower pays the first 48 monthly payments on time.
– Federal Stafford or Federal Parent and Graduate/Professional PLUS loans guaranteed by UHEAA that first entered repayment on or after January 1, 1993 and before December 31, 2007, UHEAA will reduce the interest rate 2% if the borrower pays the first 48 monthly payments on time.
– Federal Consolidation loans guaranteed by UHEAA and originated on or after May 1, 2006 and for Federal Consolidation applications received prior to October 8, 2007 which result in a UHEAA guaranteed Federal Consolidation loan, UHEAA will reduce the interest rate 1% if the borrower pays the first 36 monthly payments on time.
– Federal Consolidation loans guaranteed by UHEAA and originated on or after January 1, 1993 and before April 30, 2006, UHEAA will reduce the interest rate 1% if the borrower pays the first 48 monthly payments on time.

Eligibility for this interest rate discount is subject to the following additional terms and conditions:

-The borrower’s loan is immediately disqualified from the Timely Payment Benefit if a payment is made 15 days or more after its due date.
– The Timely Payment Benefit can be earned only during the first 48 or 36 months of repayment (depending on the type of loan and the origination date).
– Periods of time when an account is in deferment or forbearance are not counted in the 48- or 36-month time period.
– Lump-sum payments count as eligible monthly payments if the due date is advanced. If the borrower instructs UHEAA to post a lump sum payment as a principal reduction and advises UHEAA not to advance the due date, the lump sum amount will count as one monthly payment. 
-A borrower must make 36 or 48 timely payments on all open loans in order to qualify.
-A borrower may not pay a single open loan or a subset of open loans ahead of other loans in order to accelerate eligibility.
– Federal Stafford or Federal PLUS loans entering repayment, or Consolidation Loans originated, prior to January 1, 1993 do not qualify for this benefit.
– If a borrower consolidates Federal Stafford or Federal Parent and Graduate/Professional PLUS loans held by LPP on which this benefit has been earned, the borrower must re-qualify for the Timely Payment Benefit.
– If a borrower consolidates Federal Stafford or Federal Parent and Graduate/Professional PLUS loans, the statutory rate, not the reduced rate, will be used to calculate the weighted average of the Federal Consolidation loan.

Please be advised, UHEAA Borrower Benefits are subject to change without notice.

For Federal PLUS loans held by LPP and guaranteed by UHEAA with a first disbursement date on or after July 1, 1999 and before July 1, 2006, UHEAA applies a credit to your Federal PLUS loan principal balance equal to the amount of interest paid by you during the first 12 months of repayment, subject to the following:

– The PLUS Loan Interest Credit Benefit is calculated using the actual amount of interest paid on the account during the first 12 months of repayment. Capitalized interest does not count toward the credit.
– Periods of deferment or forbearance do not extend the 12-month repayment period.
– The Federal PLUS Loan Interest Credit Benefit is calculated and applied to the loan principal balance within 60 days after the end of the first 12 months of repayment.
– If a borrower pays a Federal PLUS loan in full during the first 12 months of repayment, the credit will be applied to the account and then refunded as an over-payment within 60 days of payoff. Over-payments are refunded to the borrower by check. If the loan is paid in full, the interest credit is equal to the actual amount of interest paid on the account, including accrued interest paid by consolidation.
– If the loan is paid in full by consolidation and the consolidation loan is held by LPP, the credit is applied to the consolidation loan.
– Lump-sum payments cannot accelerate Federal PLUS Loan Interest Credit Benefit eligibility. The loan does not become eligible for this benefit until the first 12 months of repayment have elapsed or the loan is paid in full, whichever comes first.
-Loans that are rehabilitated and repurchased are not eligible for the Federal PLUS Loan Interest Credit Benefit.


Please be advised, UHEAA Borrower Benefits are subject to change without notice.

Financial Reports Disclaimer Notice

The information contained on this website is not an offer to sell or a solicitation of an offer to buy any securities. The Utah State Board of Regents (the Board), the Higher Education Assistance Authority (UHEAA) and its affiliates are not licensed securities dealers. All transactions in the Board’s asset-backed securities and other bonds occur solely through third-party underwriters and broker/dealers.

 

The Board provides reporting information on this website as a convenience and courtesy and for information purposes only. No information in this site constitutes investment advice or any representation as to suitability of any security, nor is anything contained in this site an advertisement or promotion of any investment-related service.

The Board does not assume any liability associated with the use of information found on this site. The information on this site is provided “as is” and The Board makes no representations or warranties with respect to the accuracy, completeness or sufficiency thereof for any particular purpose.

 

Certain information contained in this website may not include the most current information. Any dated information is published as of its date only and the Board does not undertake any obligation or responsibility to update or amend such information. The Board will have no liability for the timeliness, accuracy or completeness of any information provided herein. Past performance is not a representation or prediction of future results.

The Board is not responsible for any information in any website maintained by any other entity, even if a link to that website is contained in this site.

 

BY ACCESSING AND VIEWING A DOCUMENT, DATA OR REPORT FROM, OR VIA A LINK FROM, THIS WEBSITE, THE READER ACKNOWLEDGES THAT YOU HAVE READ AND UNDERSTAND THIS DISCLAIMER AND THAT YOU ACCEPT AND AGREE WITH THE CONDITIONS AND LIMITATIONS SET FORTH HEREIN.