Complete Student Loans
What is Complete Student Loans?
The Utah Higher Education Assistance Authority (UHEAA) created Complete Student Loans to give students a better option for using student loans. Learn More
What makes Complete Student Loans different?
We’re not here to burden you with debt you can’t repay. Here at Complete Student Loans, our goal is student success. Your success. For that very reason, we’ve made our program fully transparent and easy to understand. We offer students low fixed undergrad rates (5.99% or 6.24%) and one low fixed graduate rate (6.24%) for all who qualify. Other companies will try to coax you into applying for their loan by offering rates as low as 2%. What they don’t tell you is that almost no one qualifies for those best rates. Not only that, but their interest rates can also soar as high as 13%. Our application is simple and quick, takes less than 10 minutes to apply, and will give you your answer in less than 60 seconds. Our terms are the same for all students. Complete Student Loans works for everyone.
How do I get a loan?
You can apply here in less than 10 minutes and get your decision in about 60 seconds.
What types of loans does Complete Student Loans offer?
No matter your field of study or whether you’re an undergraduate or graduate student, we offer low fixed rate loans to help cover your education expenses. Complete Student Loans is for everyone.
How much does it cost to apply?
Zero, zilch, zippo, nada, nothing. There’s no application fee. Apply now.
Are there origination fees?
No, the amount your school certifies you for is the amount you’ll receive.
How much can I borrow?
Here’s the breakdown, but remember, your school will certify your loan so you cannot borrow more than the cost of attendance at your school.
- Minimum Loan Amount – $1,000
- Annual Loan Limit – $100,000
- Lifetime Aggregate Limit – $200,000
How much do I have to pay to borrow? (What is my interest rate?)
Your interest rate is the money you pay for borrowing money. Complete Student Loans offers low fixed interest rates that make it easy for you to know what your interest rate will be. How many other lenders can say that? As an added bonus, you can get rewarded with a 0.25% interest rate discount for paying using autopay. When you sign up for autopay, you have to agree to receive electronic notifications.
How long will it be until I get my funds?
Once your school certifies your loan funds will be distributed in about a week.
Where will my funds be disbursed?
Your loan will be disbursed to your school to pay for direct education expenses like tuition and other fees. You will receive the remaining funds once your school expenses have been paid.
When should I apply for Complete Student Loans?
Before applying for a loan with us fill out the FAFSA to find out how much federal aid you can get. Once you know how much money you can get in grants, scholarships, federal work study and other federal aid, you’ll know what you’re still responsible for. Make sure to apply early so you don’t have to worry about it when the school year starts. There is no deadline for applying.
Can I change the amount I borrow after my application is processed?
Yes, you can also return funds you don’t use.
What information do I need when I apply?
Keeping these items close will make our application even easier.
- Social Security Number
- Drivers License or State ID
- Employment Information
- Reference Information
- Address Verification
Are Complete Student Loans tax deductible?
Yes, the interest you pay is tax deductible on your tax return.
It doesn’t matter if you’re currently enrolled as a student or not, as long as you pay interest on your loan you may be eligible for the Student Loan Interest Deduction. You will receive an annual Interest Statement from us during tax time.
What happens if I get rejected?
You may still be eligible for a Complete Student Loan. There are several options that may increase eligibility (like reapplying with a co-signer for example). Please call our product manager, Michelle, at (801) 321-7145 as soon as you can. We’re happy to discuss your options with you.
Are Complete Student Loans certified?
Yes, your school will certify the amount you can borrow.
Do I need a co-signer?
A co-signer may make it easier to qualify for Complete Student Loans. If you are unemployed you will need a co-signer.
Is a co-signer responsible for the loan?
Co-signers are jointly responsible for the loan in which they’ve signed.
What schools are eligible to receive Complete Student Loans?
If your school is on the list below, you’re good to go.
- Brigham Young University
- Dixie State University
- Roseman University
- Salt Lake Community College
- Snow College
- Southern Utah University
- University of Utah
- Utah State University
- Utah Valley University
- Weber State University
- Western Governors University
- Westminster College
Don’t see your school in the list above? Don’t worry. We are always expanding the schools we work with, so contact us to let us know what school you attend. If you are not in a rush feel free to visit this page on a later day to see what schools we have added to the list.
You may also be eligible if you are from Utah attending college outside of the state.
How much will I pay each month?
Your monthly payment depends on the amount of money you borrow, the repayment plan you choose, and your repayment term. You can use our calculator to estimate your full principal and interest payment by clicking here. You can also use the following tables to estimate your payments on different repayment plans. 5.99% is the interest rate with our Autopay Option, otherwise 6.49% applies without Autopay.
If you’re an undergraduate, your interest rate will be 5.99% or 6.24%. With the 0.25% Autopay interest rate reduction, your effective interest rate will be 5.74% or 5.99% respectively.
If you’re a graduate student, your interest rate will be 6.24%. With the 0.25% Autopay interest rate reduction, your effective interest rate will be 5.99%. (This amount will differ based on the repayment plan you choose.)
For example, for a $10,000 loan, at a 5.99% APR, you would make 120 monthly payments of $110.97 with a 10-year term and 180 monthly payments of $84.33 with a 15-year term. To qualify, a borrower must meet UHEAA’s underwriting requirements. This information is current as of June 2016 and is subject to change. Complete Student Loans are made by Utah Higher Education Assistance Authority. UHEAA reserves the right to modify underwriting standards, loan terms and benefits at any time.
How can I pause my payments?
How does repayment work?
You will choose your repayment terms when you apply for a loan. Depending on the repayment terms you make.
What kind of interest is charged on Complete Student Loans?
Complete Student Loans uses simple interest. That means that interest is charged only on principal. As you repay your loan the amount of interest you pay each month will decrease as your principal is paid back.
Can I pay off my loan early without a penalty?
Yes, you can prepay your loan partially or in-full without any prepayment penalty.
What do I do if I can’t pay my loan?
If you can’t make your payments, please contact our product manager, Michelle, at 801-321-7145 and we will try to find a solution. However, if you choose not to pay or cannot pay your loan, the loan will be subject to default as outlined in the promissory note.