University Trust Fund Loans
During the repayment period, your repayment amount is based upon the principal balance as listed below. The payment may be for an amount greater that $50.00 per month so that the repayment period does not exceed 120 months.
Death: Should you die, the unpaid balance of your loan and accrued interest thereon is cancelled. To claim cancellation, the executor of your estate must submit a death certificate to the Financial Collections Office at UMD.
Permanent and Total Disability: Should you become unable to engage in any substantial gainful activity because of a medically determinable impairment, the unpaid balance of your loan and accrued interest thereon may be cancelled. To claim this entitlement, you must submit a formal request for loan cancellation and a physician's statement which certifies the date of onset, nature, and extent of your disability along with copies of all medical records pertinent to the disability to the Financial Collections Office at UMD.
UMD Home Page
Document URL : http:// www.duluth.umn.edu /umdbo/utfl.html
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