Educational Loan Repayment
Payback Schedule
Although MC was intended to help students get through college debt free, we understand there are
many expenses associated with being in college. UPS developed the student loan program as a way
for students to take out student loans and have UPS repay the principal amount. Students are eligible to borrow up to $2000.00
annually and a maximum of $8000.00 over a four year period from
Kentucky Higher Education Student Loan Corporation (KHESLC/Student Loan People).
In order to be considered for the Educational Loan Repayment Program, students must be
employed by UPS and complete the Loan Repayment
Form [pdf]. Completed forms should be returned to a
Metropolitan College representative. This form is
also accessible from your MyMC page.
| Time from Loan Anniversary Date |
Amount to be repaid |
Maximum |
| One year |
50% |
$1,000.00 |
| Two years |
75% |
$2,250.00 |
| Three years |
100% |
$2,750.00 |
| Four years |
100% |
$2,000.00 |
Note: Anniversary date refers to the date the first loan was taken out.
Important: Students interested in this program should contact the Student
Loan People to determine if they are eligible for a loan. Guidelines for the loan and
availability of funds are determined by the vendor and are not under the control of UPS
or Metropolitan College.
Participating Lender
Metropolitan College and
UPS
reserve the right to change terms, conditions and benefits provided under the Metropolitan
College Program.