William D. Ford Federal Loan Program
2026-2027 Unsubsidized Loan Terms
The Direct Unsubsidized Loan annual limit is $20,500 (split into 2 terms) per academic year. Interest accrual is not compounded or capitalized during periods of enrollment; the accrued interest is capitalized when you enter repayment.
- 8.07% fixed interest rate (on or after July 1, 2026, and before July 1, 2027)
- 1.057% loan origination fee upon disbursement
- 6 months grace period
- No credit check required
- No prepayment penalties
2026-2027 Graduate Plus Loan Terms
Students may borrow up to the remaining Cost of Attendance per academic year through the Direct Graduate Plus Loan. Interest accrual is not compounded or capitalized during periods of enrollment; the accrued interest is capitalized when you enter repayment.
- 9.07% fixed interest rate (on or after July 1, 2026, and before July 1, 2027)
- 4.228% loan origination fee upon disbursement
- Credit check required
- No prepayment penalties
Note: Students with an adverse credit history 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
Step 2 – File the Free Application for Federal Student Aid (FAFSA). 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.
Step 4 – Complete Online Requirements
Step 5 – Sign up for Direct Deposit
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) 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.