William D. Ford Federal Loan Program
Unsubsidized Loan Loan Terms
The Direct Unsubsidized Loan (opens in a new tab) limit for the Master of Financial Engineering is $20,500 (Split into 4 terms). Interest accrual (opens in a new tab) is not compounded or capitalized during enrollment periods; 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 is required.
- No prepayment penalties
Graduate Plus Loan 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 enrollment periods; 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.
- Students must be a U.S. Citizen, U.S. Permanent Resident, or Eligible Non-Citizen
- Students must have a valid Social Security Number
- Students must be enrolled at least half-time (6 units) per semester
- Students 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 the Free Application for Federal Student Aid (FAFSA) (opens in a new tab). Our school code is 001312.
**New entering class, Spring 2025: Complete 2024-2025 for Spring 2025 & Summer 2025 Aid. FAFSA Application is available now.
**Continuing students: 2024-2025 FAFSA Application covers Fall 2024, Spring 2025, and Summer 2025. 2025-2026 FAFSA Application covers for Fall 2025, Spring 2026, Summer 2026.
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)
Noted below a chart summarizing the borrowing limits for the William D. Ford Federal Loan Program. This is the estimated loan amounts you may anticipate to be offered to you each semester.
- Unsubsidized Loan: $5,125 each semester
- Graduate Plus Loan: Remaining of the Cost of Attendance
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.
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 any additional funding that may exceed the Cost of Attendance.