UHEAA Loan Consolidation

This follow-up to UHEAA Bulletin, Volume 2000 - Issue 41, issued June 21, 2000, highlights the benefits of obtaining a consolidation loan through Utah Higher Education Assistance Authority (UHEAA).  Along with taking advantage of lower interest rates by having the consolidation loan application postmarked prior to July 1, 2000, UHEAA offers other valuable borrower benefits.  A consolidation loan can lower the borrower's monthly payment by allowing the borrower to combine outstanding loan debt into a single new loan and repayment period.  In addition, the UHEAA borrower benefits allow borrowers to save more money by lowering the interest rate when borrowers use the automatic withdrawal option and also when they make the first 48 payments on time.

For more details on UHEAA borrower benefits and to determine if a consolidation is in a borrower's best interest, see UHEAA's web site at http://www.uheaa.org.  For additional information on applying for a UHEAA consolidation loan, contact UNIPAC at 1-800-456-4757.

If you have any questions related to this Bulletin, please contact the UHEAA Policy and Training Department at (801) 321-7166 or by e-mail at cjudd@utahsbr.edu.