1. Union Home
  2. Offices & Services
  3. Financial Aid
  4. Types
  5. Loans
  6. Union College

Union College Loans

Union College offers two loan programs to assist with educational expenses: The Union Loan and the CAUSE Loan.

Union Loans generally range from $1,000 to $5,000 per year with a fixed interest rate of 6%. These loans are based on need and standard financial aid application procedures apply. Payment of both the principal and interest is deferred while the student is enrolled at the College. Repayment begins six months after the student graduates or drops below half-time enrollment. Repayment can be deferred for graduate school. 

Union College has partnered with Heartland ECSI for establishing and maintaining our Union College loans. Students who are awarded a Union College loan are required to complete a Master Promissory Note using the online portal with Heartland ECSI.  Once you have accepted your loan through Financial Aid Self Service (accessed through WebAdvising Student Menu) you will be contacted by Heartland ECSI via email with instructions for logging in and completing the documents needed to finalize your loan.   The Union Loan funds will be credited to your student account once all the required paperwork has been completed.

Chester Arthur Undergraduate Support for Excellence (CAUSE) loans are also need-based loans with an 8% fixed interest rate.  Students are required to complete a Master Promissory Note using the online portal with Heartland ECSI, the same as a Union College loan. 

Payment of both the principal and interest is deferred while the student is in attendance at the College at least half-time. After graduation, students may qualify for cancellation of repayment provided they engage in public service work.  Repayment begins six months after the student graduates or drops below half-time enrollment. Repayment can be deferred for graduate school.