William D. Ford Federal Loan Program
Unsubsidized Loan Terms
The Direct Unsubsidized Loan (opens in a new tab) annual limit is $20,500 (split into 2 terms) per academic year. Interest accrual (opens in a new tab) is not compounded or capitalized during periods of enrollment; the accrued interest is capitalized (opens in a new tab) when you enter repayment (opens in a new tab).
- 8.083% fixed interest rate (on or after July 1, 2024, and before July 1, 2025)
- 1.057% loan origination fee upon disbursement
- 6 months grace period (opens in a new tab)
- No credit check required
- No prepayment penalties
Note: Health Professional students in the MBA/MPH program are eligible to borrow up to $33,000.
Graduate Plus Loan Terms
Students may borrow up to the remaining Cost of Attendance per academic year through the Direct Graduate Plus Loan (opens in a new tab). Interest accrual (opens in a new tab) is not compounded or capitalized during periods of enrollment; the accrued interest is capitalized (opens in a new tab) when you enter repayment (opens in a new tab).
- 9.083% fixed interest rate (on or after July 1, 2024, and before July 1, 2025)
- 4.228% loan origination fee upon disbursement
- Credit check required
- No prepayment penalties
Note: Students with an adverse credit history (opens in a new tab) must obtain an endorser or appeal the credit decision with the Department of Education.
- Student must be a U.S. Citizen, U.S. Permanent Resident, or Eligible Non-Citizen.
- Student must have a valid Social Security Number
- Student must be enrolled at least half-time (6 units) per semester
- Student must not be in default on a federal educational loan and not owe a refund on a federal grant
Step 1 – Create an FSA ID (opens in a new tab)
Step 2 – File a Free Application for Federal Student Aid (FAFSA) (opens in a new tab). Our school code is 001312.
Step 3 – Once you have a UC CalNet ID and passphrase and have received your Financial Award Notification, accept your awards on CalCentral (opens in a new tab).
Step 4 – Complete Online Requirements (opens in a new tab)
- Graduate Entrance Counseling (opens in a new tab)
- Direct Unsubsidized Loan (MPN) (opens in a new tab)
- Direct Graduate Plus Loan (MPN) (opens in a new tab)
Step 5 – Sign up for Direct Deposit (opens in a new tab)
- Federal Loans will be disbursed in two payments, 50% each semester
- Students must be enrolled in at least half-time (6 units) to receive a loan disbursement
- Loan disbursement will be credited towards student’s CalCentral (opens in a new tab) account and pay any outstanding charges
- Any financial aid in excess of tuition and fees will generate a refund back to the student in the form of Direct Deposit (opens in a new tab) or by paper check. All students are recommended to sign up for Direct Deposit to prevent disbursement delays.
Students are expected to maintain Satisfactory Academic Progress (SAP) (opens in a new tab) with a minimum cumulative grade point average of 3.0 for continued participation in the William D. Ford Federal Loan Program. A student will be placed on academic probation when the G.P.A. falls below the minimum requirement and may become ineligible for future scheduled private loan disbursements.
Additionally, students must successfully complete at least 67% of attempted units both cumulatively and in each term that they are enrolled, including terms in which a student withdraws. We encourage students who do not meet the guidelines noted above to contact our office for assistance.
IMPORTANT: Please contact the Haas Financial Aid Office immediately if you become aware of financial aid exceeding the Cost of Attendance. A loan return may need to be initiated if a student anticipates GSI Fee Remissions, Third Party Contract, and/or any additional Gift Aid that exceeds the Cost of Attendance.
For more information on federal loans, you can listen to Episode 3 of our podcast.